Nisshin Shipping enters gas shipping with LNG carrier order at Samsung

Nisshin Shipping enters gas shipping with LNG carrier order at Samsung

Japanese owner Nisshin Shipping is entering the gas shipping market, having placed an order for the construction of a 174,000 cu m LNG carrier at South Korea’s Samsung Heavy Industries.

According to shipbroking sources, Nisshin Shipping will pay a price of $191.3m for the vessel with delivery scheduled in 2022.

Nisshin Shipping currently operates in the bulker and tanker market, owning a fleet of 33 bulkers and 26 tankers. The company is in the middle of massive fleet rejuvenation programme, and has a total 46 newbuildings under construction at Japanese and Chinese yards.

The promising outlook for the LNG shipping market has boosted the LNG carrier newbuilding market in the past couple of years. According to VesselsValue, a total of 101 LNG carriers have been ordered since January 2018.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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