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 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.

Related Posts