Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

NYK’s LNG carrier fleet expands to 91 vessels

Japan’s shipping giant NYK said its fleet of operational liquefied natural gas (LNG) carriers rose to 91 vessels by the end of March this year.

NYK had 86 operational LNG carriers in its fleet at the end of September last year.

According to a presentation by NYK for fiscal 2023, its LNG carrier fleet included 78 owned or co-owned LNG carriers and 13 chartered vessels by the end of March this year.

NYK said it has “obtained new long-term stable contracts in the LNG carrier business and expanded the number of vessels involved to more than 120 by FY2027.”

This incudes pre-delivery vessels with long-term charters.

During the fiscal 2023, NYK’s LNG carrier business remained “steady” supported by the long-term contracts, and NYK expects the business in fiscal 2024 to “remain firm, backed by stable earnings from medium- to long-term contracts and the start of new projects.”

In December last year, NYK also revealed 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.

The three companies will replace the main propulsion of steam turbine–driven LNG carriers with dual-fuel, low-speed diesel engines, called X-DF engines.

LNG fuel

Besides LNG carriers, NYK is expanding its fleet of “environment-friendly” vessels, including LNG-fueled vessels, LPG-fueled vessels, and methanol-fueled vessels.

According to NYK, it had 17 LNG-fueled vessels and two LNG bunkering vessels in its fleet at the end of March this year.

This includes 13 LNG-powered car carriers, two LNG-powered bulkers, and two LNG-powered shuttle tankers.

NYK took delivery of its seventh LNG-powered PCTC, Sweet Pea Leader, in October last year, as part of its plans to introduce 20 LNG-fueled PCTCs in its fleet by 2028.

The shipping firm is positioning LNG fuel as one of the bridge solutions until future zero-emission ships are realized.

It took delivery of Japan’s first LNG-powered PCTC, Sakura Leader, in October 2020, followed by the delivery of its second PCTC, Plumeria Leader, in March 2022.

Most Popular

Venture Global gets FERC OK to boost Plaquemines LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to boost the capacity of its Plaquemines LNG terminal in Louisiana to 27.2 mtpa.

US LNG exports reach 29 cargoes

US liquefied natural gas (LNG) plants shipped 29 cargoes during the week ending February 19. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

First Rio Grande LNG tank taking shape

US LNG developer NextDecade continues to make progress on the first phase of its Rio Grande LNG export plant in Texas, including the first 180,000-cbm storage tank.

More News Like This

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...

Hudong-Zhonghua launches two LNG tankers

Chinese shipbuilder Hudong-Zhonghua has launched two 174,000-cbm liquefied natural gas (LNG) carriers. According to a statement by Hudong-Zhonghua, the launching...

Monjasa in UAE LNG bunkering move

Monjasa said on Wednesday it introduces the UAE’s first dedicated LNG bunkering vessel, Green Zeebrugge. Previously known as Engie Zeebrugge,...

NYK’s Gazocean adds new LNG carrier to its fleet

The newbuild LNG carrier in question is the 174,000-cbm, Elisa Ardea, according to a social media post by Gazocean. Gazocean...