Press Release
December 12, 2018
Proman Shipping AG
Mitsui O.S.K. Lines, Ltd.
Newbuilding Methanol Carrier for Proman Shipping Named CASTARA

Wollerau/Tokyo—Proman Shipping AG (Proman Shipping) and Mitsui O.S.K.
Lines, Ltd. (MOL) today announced that on November 27, a naming ceremony for a
newbuilding Methanol Carrier for Proman Shipping was held at the Hyundai Mipo
Drydock (HMD) in Korea.
The vessel was named the CASTARA by Methanol Holdings (Trinidad) Limited.
(MHTL) CEO Mr. Dennis Patrick. MHTL and Proman Shipping are subsidiaries of theProman Group.
The CASTARA will be the most eco-friendly and fuel-efficient vessel in Proman
Shipping’s expanding fleet.
David Cassidy, Chief Executive of Proman Group said, “The CASTARA is Proman
Shipping’s first 50,000 DWT vessel and will become the largest vessel in theProman Shipping fleet. This milestone is testament to our valued and long-term
partnership with MOL. While Proman Shipping was only launched in March of thisyear, Proman and MHTL have a long history with MOL going back to 1995. During
this time, we have diversified our products and expanded our reach – from Europeand the US initially, we now ship globally, to Brazil, China, and right here to South
Korea, and we look forward to growing further.”He added, “We are grateful to MOL and HMD for their efforts in enabling thecompletion of this project. We appreciate their support and commitment, and welook forward to continuing to strengthen our partnership in the years ahead.”
Masato Koike, Managing Executive Officer of MOL said, “Methanol trade is as
dynamic as the shipping industry is and we are observing changes in its trading
pattern in recent years. Even the changes are surrounding us, I am confident thatthe new vessel, with most advanced design, will remain playing vital role in ourfleet, transporting methanol. We will continue exploring for even safer, morecompetent and more efficient transportation contributing to Proman Group andMHTL.”At the naming ceremony

ENDS
About Proman Shipping
Proman Shipping AG is based in Wollerau, Switzerland. The company wasestablished in March 2018 and provides maritime expertise, commercial vessel
management and global ocean transportation to the Proman Group of companies.
The company manages a fleet of 12 time-chartered chemical tankers. Proman
Shipping AG offers safe, reliable and efficient marine transportation services topetrochemical customers both internal and external to Proman, with trading routes
in North America, South America, Europe and Asia. Proman Shipping AG focuses onproviding a high-quality service to its customers.
About the Proman Group
Proman is an integrated industrial group and global leader in natural gas derived
products and services. Headquartered in Switzerland, with assets in the UnitedStates, Trinidad and Oman, and ongoing expansion into Mexico, Proman is theworld’s second largest methanol producer and one of the ten leading fertilizer
companies. Proman is also a significant services business, with extensive
experience in petrochemical plant operations, petrochemical and power plant
construction, product marketing and logistics, and project management. The Group
offers a fully integrated, diversified platform across the whole value chain from theproduction and conversion of natural gas to the marketing and delivery of end
products to its customers.

About Mitsui O.S.K. Lines
Mitsui O.S.K. Lines, Ltd. (MOL), as a multi-modal transport group, meets the needsof the era in a wide variety of fields including crude oil tankers, methanol carrier,chemical tankers, product tankers, dry bulkers such as iron ore carriers, coalcarriers, and woodchip carriers, LNG carriers and offshore business, car carriers,ferries, RORO ships, and logistics.
MOL’s activities are truly borderless, based on the operation of one of the world’slargest merchant fleets, backed by expertise and technology developed throughout
our over 130-year history. MOL supports the growth of the world economy with theentire globe as our stage, while continually evolving into an excellent and resilientcorporate group.

Proman Shipping Contacts
Rebecca Davies, Interim Group Communications Director, Proman
Tel: +41 (0)43 888 29 99
Fax:+41 (0)43 888 29 90
Email: Rebecca.Davies@proman.org
MOL contacts
Mitsui O.S.K. Lines, Ltd.
Media Relations Team, Corporate Communication Division
Tel:: +81 (3) 3587 7015
Fax: +81 (3) 3587 7705
Email:mrtmo@molgroup.com