Released on: June 11, 2008, 7:33 am

Press Release Author: Sarah A. Chase

Industry: Transportation & Logistics

Press Release Summary: Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida)
held a naming ceremony for a new liquefied natural gas (LNG) carrier called the
Energy Navigator.

Press Release Body: LONDON, 11 June 2008 – Today, Mitsui O.S.K. Lines, Ltd. (MOL,
President: Akimitsu Ashida) held a naming ceremony for a new liquefied natural gas
(LNG) carrier called the Energy Navigator. The ceremony took place at the Kawasaki
Shipbuilding Co., Ltd. Sakaide Shipyard. Mitsunori Torihara, the President of Tokyo
Gas Co., Ltd. had the privilege of naming the new vessel.

MOL and Tokyo LNG Tanker Co., Ltd. (wholly owned by Tokyo Gas) co-own the Energy
Navigator, with MOL holding a 30% share and Tokyo LNG Tanker 70%. After its
completion at the end of June, the vessel will transport LNG from Malaysia,
Australia, and Sakhalin to supply Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and
Shizuoka Gas Co., Ltd.

As a leader in worldwide ocean shipping, MOL has moved aggressively to maintain its
leadership in LNG transport. MOL\'s LNG fleet now totals 62 vessels, and will be
expanded to about 80 by the end of 2010.


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