ONGC Partners Mitsui in Joint Venture, Expands into Ethane Shipping Business
In order to enter the specialised ethane shipping market, ONGC would acquire a 50% share in two joint ventures with Mitsui OSK Lines (MOL) of Japan. Japan. ONGC and MOL will hold equal interest in the joint ventures, which will each own a very large ethane carrier (VLEC). According to