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NYK wins another LNG charter

Photo of Sam Chambers Sam ChambersSeptember 1, 2022
174 Less than a minute

Nippon Yusen Kaisha (NYK) has won a long-term LNG charter contract with Q United Energy Supply & Trading, a subsidiary of compatriot Japanese firm Kyuden Group, which runs utility Kyushu Electric Power Co.

NYK has contracted South Korea’s Samsung Heavy Industries to build a 174,000 cu m ship for delivery in 2024. Prices for the charter or the newbuild have not been revealed.

NYK has a long business relationship with Kyuden. It is already involved in LNG bunkering with the company and is in the midst of building the world’s first LNG-fuelled large coal carrier to go on charter to the power firm.

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Photo of Sam Chambers Sam ChambersSeptember 1, 2022
174 Less than a minute
Photo of Sam Chambers

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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