NYK and Stolt’s JV exercises parcel options in Japan

NYK and Stolt’s JV exercises parcel options in Japan

Tokyo: A joint venture between Nippon Yusen Kaisha (NYK) and Stolt-Nielsen has exercised options for two more parcel tankers in Japan. NYK Stolt Shipholdings ordered two firm and two plus two 12,500 dwt chemical tankers at Usuki Shipyard last year. The joint venture has just exercised the first pair of options – two more ship options remain.

The two option ships will deliver in the first half of 2017 and will be deployed on the Asia-Australia tradelane.

The joint venture is growing fast. It has also ordered a 38,000 dwt chemical tanker at Hudong-Zhonghua Shipbuilding in China.

“NYK will aggressively maintain a competitive fleet with joint venture partner Stolt Tankers in the growing chemical market by operating parcel tankers that offer needed complex, high-quality operations,” NYK said when setting up the joint venture a couple of years ago. The venture now has 12 ships on the water.

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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