NYK secures long-term LNG carrier charter from EDF LNG

NYK secures long-term LNG carrier charter from EDF LNG

Japan’s NYK Line has signed a contract with EDF LNG Shipping, a subsidiary of Electricité de France (EDF), to charter out a LNG carrier newbuilding for seven years, with options available for up to 13 additional years.

The 174,000 cu m vessel will be built by South Korean yard Hyundai Samho Heavy Industries and is due to be delivered on April 30, 2020.

“NYK Group will continue its efforts to provide stable energy transport services all over the world through long-term contracts for business with stable freight rates,” NYK said in a release.

The NYK Group operates a total of 18 LNG carriers in its fleet and in joint ventures, while it also has another seven LNG carriers under construction.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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