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NYK has been selected as the recipient of the 2016 Best Container Liner Award sponsored by the Thai National Shippers' Council (TNSC). NYK, which was evaluated highly for its services, was the only Japanese company to be recognized.

This award is given to container liners that are recognized as the best in each route by Thai exporters who evaluate the liners on 14 criteria — including schedule frequency, transit time, on-time delivery, container condition, sales and customer service — for the purpose of improving the service quality of container liners.

NYK received awards for two of the five main routes, i.e., the Thailand-Middle East Asia and Indian Subcontinent route and the Thailand-Far East Asia and ASEAN route.

An awards ceremony was held in Bangkok on September 21 during the 2016 Thailand International Logistics Fair (TILOG). Thailand’s minister of Commerce, Apiradi Tantraporn presented a trophy to Surasak Thienbublertrat, managing director of NYK Line (Thailand) Co., Ltd.

Encouraged by this award, NYK will continue to improve the quality and reliability of its services to meet the diversified needs of its customers.

NYK has agreed to joint ownership of a liquefied natural gas (LNG) carrier with the Kansai Electric Power Co., Inc. (KEPCO; head office: Osaka; president and director: Shigeki Iwane) through a vessel-owner company shared by the two companies (NYK 30%, KEPCO 70%). This co-ownership is the first between NYK and KEPCO, and is expected to lead to a stronger relationship among the two companies.

The vessel is being built at the Sakaide shipyard of Kawasaki Heavy Industries Ltd. and upon completion in late 2017 will be assigned to the Cove Point LNG project in the United States to transport LNG for 20 years.

The new ship will be equipped with a dual-fuel diesel electric propulsion engine that reduces fuel consumption over that of a conventional steam turbine engine. Moreover, the vessel suppresses the boil-off rate of the LNG in the cargo tank to 0.08 percent of tank volume per day, the world’s lowest level. These advanced technologies mitigate environmental burdens and improve operational efficiency for LNG transportation.

NYK will continue to make use of its 30-plus years of experience in LNG transport to provide stable energy transportation for society.

 

Outline of the New LNG Carrier

Length overall

About 300.00 m

Breadth

About 48.90 m

Tank capacity

About 177,000 m3 (moss-type)

Main engine

Dual-Fuel Diesel Electric Propulsion System (DFDE)

Vessel-owner

LNG SAKURA Shipping Corporation

Share

NYK 30%, KEPCO 70%

Flag

Bahamas

Shipyard

Sakaide shipyard, Kawasaki Heavy Industries Ltd.

Ship management

NYK

Delivery

December 2017 (scheduled)

A consortium comprising Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and the Shipping Corporation of India Ltd. (SCI) took delivery of a new LNG vessel on November 30, 2016, in South Korea.

The vessel, PRACHI, has a capacity of 173,000 m3 and was built to order by Hyundai Heavy Industries Co. Ltd. based on a long-term time charter contract with Petronet LNG Limited (PLL). A naming ceremony for the ship was held on October 18, 2016.

PLL, India’s first importer of LNG, currently brings in 7.5 million tons of LNG a year from Qatar using three LNG carriers. PRACHI is the fourth vessel for the transport of LNG to India and will be employed in the Gorgon LNG Project in Australia.

SCI has been operating and managing all the LNG tankers that are under long term charter with PLL. SCI also takes over as manager of PRACHI since delivery on November 30, 2016.

The four-company consortium will make every effort for safe transportation using this advanced new vessel, which is expected to contribute to the steady supply of LNG to India as energy demand continues to grow.

Outline of PRACHI

Length overall: 294.97 meters

Breadth: 45.60 meters

Summer molded depth: 12.50 meters

Gross tonnage: 112,791 tons

Cargo tank capacity: 90,328 tons

Shipbuilder: Hyundai Heavy Industries Co. Ltd.

Flag: Singapore

 

Outline of Charter Contract

Owner

India LNG Transport Company (No. 4) Private Limited (Headquarters: Singapore), JV by Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines, Ltd., Kawasaki Kisen Kaisha, Ltd., and the Shipping Corporation of India Ltd.

Charterer

Petronet LNG Limited

Charter period

19 years

Vessel

One new membrane-type LNG carrier (173,000 m3)

Shipbuilder

Hyundai Heavy Industries Co. Ltd.

Ship management

The Shipping Corporation Of India Ltd.