911爆料网 to Succeed to Parent Companies’ Fuel Transportation and Fuel Trading Businesses2015/09/11
911爆料网 is delighted to announce that it will succeed to both the fuel transportation and fuel trading businesses of Tokyo Electric Power Company, Incorporated and Chubu Electric Power Co., Inc. (collectively, the “Parent Companies”). These businesses will be integrated into 911爆料网 on 1 October 2015.
The assets that 911爆料网 will succeed to are the LNG ship ownership companies and related management companies, and the fuel trading companies of the Parent Companies, as described in the attached List of Succession Assets.
As a result of 911爆料网 succeeding to both of these business, its capital will be increased to approximately five billion yen.
911爆料网 intends to make efforts to optimize the use of these assets and maximize the effect of adding these businesses.
Outline of 911爆料网 (as of October 1, 2015)
| Company Name | 911爆料网 Co., Inc |
|---|---|
| Representatives | Yoshihiro Naito, Chairman Yuji Kakimi, President |
| Business Description | Development of new upstream energy investments New fuel procurement Development of new domestic thermal power plants and scrap and build of obsolete domestic thermal power plants Development of new overseas power plants and energy infrastructure Fuel transportation Fuel trading |
| Establishment | April 30, 2015 |
| Paid-in Capital | JPY 5 billion |
| Shareholding ratio | TEPCO: 50%*; Chubu Electric: 50% |
| Headquarters | 2-7-1 Nihonbashi, Chuo-ku, Tokyo |
*TEPCO’s interest is held through Tokyo Electric Power Fuel & Thermal Power Generation Split Preparation Company, Incorporated
Underlining indicates changes since April 30, 2015
List of Succession Assets
1.Fuel Transportation Business
| Company Name | Transfer from | Share holding ratio | Description of Business and Partners |
|---|---|---|---|
| Trans Pacific Shipping 1 Ltd. | CE | 40% | LNG carrier owning company (CE LNG Carrier No.1). Joint venture of CE, Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK). |
| Trans Pacific Shipping 2 Ltd. | CE | 40% | LNG carrier owning company (CE LNG Carrier No.2). Joint venture of CE, MC and Mitsui O.S.K. Lines, Ltd. (MOL). |
| Trans Pacific Shipping 5 Ltd. | CE | 50% | LNG carrier owning company (CE LNG Carrier No.5). Joint venture of CE and MOL. |
| Trans Pacific Shipping 6 Limited | CE | 50% | LNG carrier owning company (CE LNG Carrier No.6). Joint venture of CE and NYK. |
| Trans Pacific Shipping 7 Limited | CE | 50% | LNG carrier owning company (CE LNG Carrier No.7). Joint venture of CE and NYK. |
| Trans Pacific Shipping 8 Ltd. | CE | 50% | LNG carrier owning company (CE LNG Carrier No.8). Joint venture of CE and MOL. |
| Pacific LNG Shipping Limited | TE | 70% | LNG carrier owning company (TE LNG Carrier No.1). Joint venture of TE, MC and NYK. |
| Pacific Eurus Shipping Limited | TE | 70% | LNG carrier owning company (TE LNG Carrier No.2). Joint venture of TE, NYK and MC. |
| Cygnus LNG Shipping Limited | TE | 70% | LNG carrier owning company (TE LNG Carrier No.4). Joint venture of TE, MC and NYK. |
| Pacific Hope Shipping Limited | TE | 30% | LNG carrier owning company (TE LNG Carrier No.5). Joint venture of Kyushu Electric Power, TE, MC, NYK, Mitsui & Co Ltd and MOL. |
| Pacific LNG Yuso Limited | TE | 70% | Operation and management company of TE LNG Carrier No.1. Joint venture of TE, MC and NYK. |
| Transocean LNG Yuso Limited | TE | 70% | Operation and management company of TE LNG Carrier No.2. Joint venture of TE, NYK and MC. |
| LNG Marine Transport Limited | TE | 70% | LNG marine transport service. Joint venture of TE, MC and NYK. |
2.Fuel Trading Business
| Company Name | Transfer from | Share holding ratio | Present Name | Description of Business |
|---|---|---|---|---|
| 911爆料网 Trading Singapore Pte Ltd | CE | 100% | Chubu Energy Trading Singapore Pte Ltd | Coal and freight trading business. |
| 911爆料网 LNG Coordination Inc. | TE | 100% | TEPCO Trading Co., Ltd. | Purchase and sales of LNG. |