NYK fixes long-term LNG contracts with Diamond Gas International

NYK has signed long-term contracts with Diamond Gas International (DGI), a wholly owned Singapore subsidiary of Mitsubishi Corporation, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers.

Previously, NYK concluded long-term time-charter contracts for three new LNG vessels for Mitsubishi’s Cameron LNG.

One ship will be on an 18-year charter to haul gas from the US state of Louisiana for the Cameron LNG project, as well as other locations around the world. The other two ships will go on 17-year charters focusing on moving LNG from British Columbia.

All three ships are 174,000 cu m in capacity and they will all be built in South Korea.

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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