Marubeni Corp., jointly with Teekay LNG Partners L.P., has agreed to acquire ownership interest of eight LNG vessels from A.P. Moller-Maersk A/S for an aggregate purchase price of $1.4 billion.
Marubeni and Teekay LNG established through their subsidiaries a 48 percent/52 percent joint venture company in Denmark for the project.
The vessels were built by Samsung Heavy Industries Co. between 2004 and 2010.
Marubeni, in a statement, said it is planning to involve itself more in the LNG vessel business.
It said it is confident that LNG as an energy source, and LNG vessels as a transportation vehicle, will become increasingly important.
Teekay LNG is an LNG/LPG shipowning arm of Teekay Corp.
The A.P. Moller-Maersk Group is a worldwide conglomerate that operates in 130 countries and has a workforce of some 108,000 employees.
In addition to owning one of the world's largest shipping companies, the group is involved in a wide range of activities in the energy, logistics, retail and manufacturing industries.
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