Japanese in for more LNG carriers

Japanese in for more LNG carriers

Shipping giants Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) are ordering two LNG ships each in partnership with fellow Japanese firm Chubu Electric Power.

The ships will be split two a piece at Kawasaki Heavy Industries and at MI LNG, a joint venture between Mitsubishi Heavy and Imabari.

These new ships will transport LNG for a 20-year period from the Freeport LNG Project in the US, in which Chubu Electric Power has an equity interest.

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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