EXMAR, MOL FORM LNG JOINT VENTURE

EXMAR, MOL FORM LNG JOINT VENTURE    Exmar, a subsidiary of the Belgian CMB group, and Japan’s Mitsui O.S.K. Lines, have agreed to form a joint venture to own two liquid natural gas carriers.
   The two LNG ships, ordered recently ordered by Exmar, will be delivered in the first and third quarters of 2003.