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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


About 48.90 m

Tank capacity

About 177,000 m3 (moss-type)

Main engine

Dual-Fuel Diesel Electric Propulsion System (DFDE)


LNG SAKURA Shipping Corporation


NYK 30%, KEPCO 70%




Sakaide shipyard, Kawasaki Heavy Industries Ltd.

Ship management



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


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.


Petronet LNG Limited

Charter period

19 years


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


Hyundai Heavy Industries Co. Ltd.

Ship management

The Shipping Corporation Of India Ltd.


NYK has signed a joint-venture agreement with Vietnam Ocean Shipping Agency Corporation (VOSA)* to establish NYK Auto Logistics (Vietnam) (NALV), a logistics company for finished cars. On December 2, a signing ceremony was held at the NYK head office in Tokyo and attended by Vu Xuan Trung, general director of VOSA, and NYK president Tadaaki Naito.

NALV will be owned by NYK (80%) and VOSA (20%) and will offer high quality services for inland logistics such as the storage, delivery, and PDI** of imported cars to Vietnam, where sales are strong and increased demand is expected.

NYK currently has a stake in over 40 companies all over the world providing finished car inland logistics, often combining inland logistics with sea transport by RORO vessels to offer a total logistics service. NYK plans to offer a similar comprehensive service throughout Vietnam.

Based on the company’s "More Than Shipping 2018" medium-term management plan, the NYK Group will utilize its accumulated expertise of high-quality transportation services around the world to secure stable profits.

* Vietnam Ocean Shipping Agency Corporation (VOSA)

A shipping agent that is part of Vietnam National Shipping Lines (VINALINES), a government-managed shipping company in Vietnam.

** PDI (pre-delivery inspection): Services for finished vehicles – such as final inspections, repairs, and parts application – before delivery to car dealer.