MOL Takes Delivery of World’s First VLEC

Japanese shipping company Mitsui O.S.K. Lines (MOL) has taken delivery of the Ethane Crystal, the world’s first very large ethane carrier (VLEC) which was built for Mumbai-based Reliance Industries Limited (Reliance), from South Korean shipbuilder Samsung

Reliance Industries Secures Funds for Six Ethane Carriers

Mumbai-based conglomerate Reliance Industries Limited (RIL) has, through its subsidiaries, signed term loan deals for a total of USD 573 million to partially finance the construction cost of its six very large ethane carriers (VLECs).

Reliance Industries Launches First Two VLECs

Indian private sector company Reliance Industries Limited (Reliance) has inaugurated its first two very large ethane carriers (VLEC) in a ceremony held in Geoje, South Korea.