NYK orders new LNG carrier for 20-year Edison charter

NYK orders new LNG carrier for 20-year Edison charter

Japanese shipping group NYK has entered into a contract Milan-based energy company Edison to charter out a newbuild LNG carrier for up to 20 years including options.

The 174,000 cu m LNG carrier has been ordered at South Korea’s Hyundai Samho Heavy Industries and is scheduled for delivery in 2022. It will be equipped with dual-fuel slow speed engines and feature a Turbo-Brayton refrigeration system that can tap surplus boil-off gas.

In December last year, NYK entered long term charter contracts with Diamond Gas International, a Singapore subsidiary of Mitsubishi Corporation, to charter out three 174,000 cu m newbuild LNG carriers.

NYK currently owns a LNG carrier fleet of 24 vessels and it has another 14 LNG carriers on the orderbook.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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