MISC, NYK and Mitsubishi shake hands on LNG Canada project

MISC, NYK and Mitsubishi shake hands on LNG Canada project

Malaysia’s top shipowner, MISC, has signed with Japan’s Nippon Yusen Kaisha (NYK) and Mitsubishi Corporation to co-own two newbuild LNG vessels.

The 174,000 cu m ships are currently being built by Hyundai Samho Heavy Industries (HSHI) and feature XDF propulsion and have a partial re-liquefaction facility.

Each of the LNG carriers will serve Diamond Gas International’s requirement on an 18-year charter contract. DGI is a wholly owned subsidiary of Mitsubishi Corporation that manages the sales and marketing of Mitsubishi Corporation’s equity offtake of LNG volumes from US and Canada as well as from other countries around the world. These two LNG carriers will be delivered in 2021.

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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