Tokyo, Apr 27, 2009 - (JCN Newswire) - Three Japanese companies - Mitsubishi Heavy Industries, Ltd. (MHI), Nippon Yusen Kabushiki Kaisha (NYK Line) and Mitsui & Co., Ltd. - have signed an agreement with United Industrial Corporation (OPK), one of Russia's largest diversified corporations, to implement a feasibility study on constructing large-size liquid natural gas (LNG) carriers at the shipyards of an OPK affiliate.
Under the feasibility study, the three Japanese companies will consider modernization of the shipbuilding facilities at the OPK affiliate to enable construction of large-size LNG carriers. The three partners also look to cooperate with the shipyards, once modernization is completed, in participating in businesses related to future Russian LNG projects.
From the perspectives of shipbuilding as well as ship ownership and operation, the three Japanese firms view natural resources and energy as one of Russia's most important sectors destined for expanded development. Given that resource- and energy-related transportation, including LNG projects, is expected to expand in Russia in the coming years, the three companies seek to leverage this opportunity to support the modernization of shipyards in Russia toward their vigorous participation in that country's resource- and energy-related sector.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at www.mhi.co.jp.
Contact:
Mitsubishi Heavy Industries
Hideo Ikuno
h.ikuno@daiya-pr.co.jp
+81-3-6716-5277
Apr 27, 2009
Source: Mitsubishi Heavy Industries
Mitsubishi Heavy Industries (TSE: 7011) (U.S: MHVYF)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Press release summary
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