Speaking on this strategic transaction, Mr. P.M.S. Prasad, Executive Director, RIL, said “Given MOL is currently the operator of all the six VLECs, investment by MOL will deepen our relationship with them and ensure continued safe and efficient operations of the VLECs. We welcome MOL as a strategic partner into the SPVs as they move beyond the current operator role to joint owner and operator role in the SPVs”.
Mr. Takeshi Hashimoto, Member of the Board, Executive Vice President, MOL said, “This investment would enable MOL to add six unique VLECs, which we have been operating for some time now, as owners to its existing fleet of over 850 vessels which include LNG carrier, other tankers, dry bulkers, car carriers, ferries and coastal RoRo ships and cruise ships. We also have container ships which are chartered by ONE. MOL has detailed knowledge about these assets having supervised the construction and delivery of the six VLECs and subsequently operating them since their delivery. We are therefore happy and look forward to use this strategic opportunity to be a joint owner and to significantly strengthen our existing relationship with Reliance”.
Zeitgeist invokes the mood of the age and perhaps no feeling more closely reflects this spirit of the time than that we must salvage our planet. With sustainability as a guiding principle, Heubach’s 2023 Decorative Color Trends set a new direction in color and application techniques for decorative coatings. Read More
Paul Jagodzinski has been elected to serve a third term as chair of the board of directors of the American Chemical Society (ACS). The one-year term begins on Jan. 1, 2023. Read More
BOENNIGHEIM (ivs) LOWA, one of the leading outdoor shoe specialists, and the testing service provider Hohenstein are entering new territory together: the LOWA model LADY LIGHT GTX has been awarded the OEKO-TEX® LEATHER STANDARD certificate. Read More
Rainbows and sugar may conjure up images of a certain leprechaun-branded breakfast cereal. But now, researchers in ACS Nano report a kaleidoscope-like film for telling different sweeteners apart that displayed multiple colors when stretched by hand. When evenly stretched with a simple apparatus, the material enhanced the unique shifts in fluorescence intensity of 14 sugars tagged with a dye, distinguishing between them in beverages and sweat samples. Read More