Japan’s NYK, Kyushu Electric order one LNG bunkering vessel at Mitsubishi

Japan’s shipping giant NYK and compatriot Kyushu Electric have formed a joint venture and ordered one liquefied natural gas (LNG) bunkering vessel from Mitsubishi Shipbuilding.

The two firms each have a 40 percent stake in KEYS Bunkering West Japan, established in February this year, according to a joint statement.

Also, the JV includes Itochu Enex with a 15 percent stake and Saibu Gas with a 5 percent share.

The goal is to launch LNG fuel supply business for ships in Japan’s Kyushu and Setouchi regions in the spring of 2024, the statement said.

In that regard, the JV concluded a shipbuilding contract for one private LNG bunkering vessel with compatriot Mitsubishi Shipbuilding.

The 82.4 meters long vessel will have a 3,500 cbm capacity.

Moreover, Mitsubishi would deliver the LNG dual-fuel ship in March of 2024, the statement said.

Following delivery, the vessel would become the first LNG bunkering vessel operated in West Japan, they said.

The partners did not reveal the price tag of the order.

This move follows an announcement in September last year. NYK said then it had signed a memorandum of understanding with fuel distributor Itochu Enex, city gas supplier Saibu Gas, and utility Kyushu Electric Power to form an LNG bunkering business.

The partners also received support from the Ports and Harbours Bureau, Ministry of Land, Infrastructure, Transport and Tourism for the development of LNG bunkering bases.

Most Popular

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.

NextDecade, Bechtel agree $9 billion EPC deals for two Rio Grande LNG trains

US LNG firm NextDecade and compatriot Bechtel have finalized EPC contracts worth $9.09 billion for the construction of the fourth and fifth trains and related infrastructure at the Rio Grande LNG facility in Texas.

Venture Global gets FERC OK to boost Calcasieu Pass LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to increase the peak liquefaction capacity of its Calcasieu Pass LNG terminal in Louisiana.

More News Like This

Energy Transfer, Kyushu Electric ink long-term Lake Charles LNG deal

Energy Transfer, the developer of the proposed Lake Charles LNG export facility in Louisiana, has signed a long-term supply deal with Japan's Kyushu Electric Power.

China’s Hudong-Zhonghua delivers its 50th LNG carrier

Chinese shipbuilder Hudong-Zhonghua has delivered its 50th liquefied natural gas (LNG) carrier.

Ocean Yield to boost stake in France LNG Shipping

KKR-backed Ocean Yield has agreed to increase its stake in LNG carrier owner France LNG Shipping.

ONE plans LNG-powered containership order

Ocean Network Express (ONE), a joint venture of Japan's NYK, MOL, and K Line is eyeing an order for LNG dual-fuel container vessels, according to shipbuilding sources.