Mitsui O.S.K. Lines, Ltd. (TSE:9104) signed a letter of intent to acquire remaining 50% stake in LNG Rose Shipping Corporation from ITOCHU Corporation (TSE:8001) for $32 million on June 28, 2024. Upon completion, Mitsui O.S.K. Lines, Ltd. will own 100% stake in LNG Rose Shipping Corporation. For the period ending December 31, 2023, LNG Rose Shipping Corporation reported total revenue of $24.5 million, EBIT of $5 million and net income of $0.2 million.

As of December 31, 2023, LNG Rose Shipping Corporation reported total assets of $203 million and total common equity of $57.3 million. The expected completion of the transaction is October 1, 2024.