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NYK, K Line, MISC and China LNG win next tranche of Qatari gas carrier business

Photo of Sam Chambers Sam ChambersAugust 10, 2022
936 Less than a minute

A quartet of Asian shipping powerhouses have won the next tranche of business in the huge QatarEnergy fleet expansion project.

A consortium comprising Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) from Japan, Malaysia’s MISC and China LNG Shipping, the Cosco/China Merchants joint venture, have ordered seven 174,000 cu m LNG carriers at Hyundai Heavy Industries in South Korea.

The ships, which add a further $1.5bn to Hyundai Heavy’s swelling orderbook, will deliver in 2025 and 2026 and go on long-term charter to QatarEnergy, a state-run company that has reserved many newbuild slots at yards in China and Korea to carry out a significant fleet expansion.

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Photo of Sam Chambers Sam ChambersAugust 10, 2022
936 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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