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Mitsui OSK Lines has secured project financing from a banking syndicate, including DBS and OCBC, for a floating storage and regasification unit (FSRU) in Singapore, which will serve as the city-state's second LNG terminal. This initiative, announced in October 2024, aims to enhance Singapore's natural gas import capabilities and aligns with MOL's Blue Action 2035 management plan focused on low-carbon initiatives and technological advancements.