Japan’s NYK places order for LNG-powered bulkers

Japan’s shipping giant NYK said it has decided to order four LNG-powered capesize bulk carriers at shipyards in Japan and China.

According to a statement by NYK on Friday, Nihon Shipyard will build two bulkers while Namura Shipbuilding will construct one LNG-powered vessel.

China’s Shanghai Waigaoqiao Shipbuilding, a unit of CSSC, also won a contract from NYK for one ship.

NYK said it would take delivery of the LNG-powered bulk carriers sequentially from 2024 to 2025.

It did not reveal the value of the deal.

The firm is investing heavily in LNG-powered vessels as it looks to cut emissions and comply with more stringent IMO rules.

Last year, NYK signed a charter deal for its first LNG-powered bulk carrier with Japanese steel manufacturer JFE Steel.

It also confirmed plans to order twelve LNG-fueled PCTCs at two Japanese yards. NYK took delivery of Japan’s first LNG-powered PCTC, Sakura Leader, in October 2020.

Most Popular

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

Adnoc, ENN seal 15-year LNG SPA

UAE’s Adnoc has signed a 15-year sales and purchase agreement with Chinese independent gas distributor ENN to supply the latter with LNG from its LNG terminal in Al Ruwais.

More News Like This

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

Hudong-Zhonghua launches LNG carrier

Chinese shipbuilder Hudong-Zhonghua has launched one 174,000-cbm liquefied natural gas (LNG) carrier it is building for NYK and CNOOC.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Japan remains top LNG tanker owner

Japan owns the world’s most valuable and largest fleet of LNG carriers, and the nation is followed by Greece...