NYK, Jera seal LNG carrier charter deal

Japan’s shipping giant NYK and compatriot power firm and LNG importer Jera have signed a ten-year charter agreement for one 174,000-cbm LNG carrier.

According to a statement by NYK, the vessel will be built by South Korea’s Hyundai Samho Heavy Industries and is scheduled to begin transporting LNG for Jera after completion in 2027.

This is the eleventh LNG carrier for which NYK has signed a time charter contract with Jera.

The vessel will be equipped with WinGD’s X-DF2.2 iCER dual-fuel, low-speed diesel engine, GTT’s Mark III Flex cargo containment tech, and a reliquefaction system.

It will be 289.9 meters long and 46.1 meters wide.

NYK’s president and CEO, Takaya Soga, said in November that NYK is working to further expand its giant fleet of LNG carriers and LNG-powered vessels.

According to NYK’s second-quarter FY 2023 earnings presentation, NYK had 115 LNG carriers in its fleet as of September 30, including pre-delivery vessels with long-term charters.

Moreover, out of these 86 LNG carriers are in operation.

NYK also recently said it is working with Namura Shipbuilding and Sasebo Heavy Industries to replace the main propulsion on steam turbine–driven Moss-type LNG carriers with a dual-fuel diesel engine.

Most Popular

Venture Global’s Q2 revenue reaches $4.58 billion, net income jumps

US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.

Technip Energies scores Malaysian LNG gig

French LNG engineer Technip Energies has secured a contract for Gas Malaysia's planned FSRU-based LNG terminal in Yan, Kedah.

Glenfarne’s Magnolia LNG seals feed gas deal

Glenfarne’s Magnolia LNG has signed a long-term feed gas deal with Texas Eastern Transmission for its planned liquefaction and export plant in Louisiana.
spot_img

More News Like This

NYK, Chinese duo name LNG carrier

Japan’s NYK and its Chinese partners CNOOC and China Merchants Energy Shipping have named a newbuild 174,000-cbm LNG carrier at the Hudong-Zhonghua yard in Shanghai.

NYK to invest in EIG’s MidOcean

Japan's shipping giant NYK has decided to invest in MidOcean Energy, the LNG unit of US-based energy investor EIG.

Jera moving forward with Hawaii LNG plans

A unit of Japan's power firm and LNG trader, Jera, is moving forward with plans to build a $2 billion LNG-to-power project in Hawaii.

Japan’s Jera forms LNG unit

Japan's power firm and LNG trader Jera has established Jera Global Energy Solutions (Jera GES) to develop and manage its long-term LNG, upstream, lower-carbon fuels, and shipping portfolio.