Mitsui O.S.K. Lines and Deutsche ReGas have agreed a long-term Time Charter for a floating storage and regasification unit to serve the Energie-Terminal "Deutsche Ostsee" at Mukran, the companies announced on 30 October 2026 via a report in reports.
Under the arrangement, the LNG carrier selected for the charter will be converted into an FSRU at Hudong‑Zhonghua Shipbuilding (Group) Co., Ltd. in China, the announcement said. The contract was described as a long-term time charter with Deutsche ReGas for deployment at the Mukran terminal.
The deal pairs a major Japanese shipping operator with a German regasification and terminal operator to supply a permanently moored import facility at the Energie-Terminal "Deutsche Ostsee". The public notice of the agreement was published by reports on 30 October 2026.
The conversion element in the agreement commits the nominated LNG carrier to a shipyard programme at Hudong‑Zhonghua, where it will be adapted for stationary storage and regasification duties prior to its redeployment to Mukran under the time charter.
Conversion plan
The conversion at Hudong‑Zhonghua is presented in the announcement as the preparatory step that will ready the vessel for sustained operation as an FSRU. The parties’ statement identifies the Chinese shipyard as the conversion location but does not provide technical specifications or a public schedule for the conversion works.
Deployment and terminal role
The Time Charter is for operation at the Energie-Terminal "Deutsche Ostsee" in Mukran. The announcement does not supply details on the commencement date of operations, the precise charter term, or the commercial arrangements beyond the identification of a long-term time charter between Mitsui O.S.K. Lines and Deutsche ReGas.
Observers will note that the transaction, as reported, covers the conversion and the intended deployment but leaves operational milestones and timing unspecified in the public notice. The companies’ joint decision to place the conversion at Hudong‑Zhonghua is also stated without further elaboration in the published summary.
The short public notice highlights the two principal elements of the arrangement: the long-term time charter with Deutsche ReGas and the conversion of the LNG carrier at the Chinese yard. No operational or financial figures were disclosed in the report published on 30 October 2026.
The announcement forms the principal public record of the transaction as supplied in the reports item. It sets out the parties involved and the main steps foreseen but stops short of giving a comprehensive operational timeline or additional contractual specifics.
For readers tracking FSRU developments in northern Europe, the item confirms that Mitsui O.S.K. Lines will provide an FSRU capability to the Energie-Terminal "Deutsche Ostsee" through a time charter arrangement with Deutsche ReGas, with the necessary conversion to be carried out at Hudong‑Zhonghua Shipbuilding in China.
The public notice from reports dated 30 October 2026 remains the reported source for these particulars.