NYK Concludes Time-charter Contract for Two New LNG Carriers for Cameron LNG Project

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On April 30, NYK concluded a basic agreement on a time-charter contract for two new liquefied natural gas (LNG) carriers with Diamond Gas International Pte. Ltd.* NYK also concluded a contract with MI LNG Company Limited** (head office: Tokyo; president: Haruhiko Omi) for the construction of the LNG carriers.

These new ships will be delivered in 2018 and assigned to transport LNG for the Cameron LNG Project in the U.S. state of Louisiana which Mitsubishi Corporation (head office: Tokyo; president and CEO: Ken Kobayashi) under the ship management by NYK.

The new vessels will have apple-shaped tanks as part of the Sayaringo series of tanks, which have greater LNG-carrying capacity. These next-generation carriers will also have a structure that reduces ship weight and air resistance, in addition to a hybrid propulsion system combining a steam turbine and engines that can be fired by gas (STaGE; Steam Turbine and Gas Engines), resulting in dramatic cuts in fuel consumption and CO2 emissions.

In accordance with its “More Than Shipping 2018” medium-term management plan, NYK will continue its efforts to be a part of stable and economical LNG transport services.

* Diamond Gas International Pte. Ltd.

A Singapore-based wholly owned subsidiary of the Mitsubishi Corporation. 

**MI LNG Company Limited

A joint venture established in April 2013 by Mitsubishi Heavy Industries Ltd. (equity ownership 51%) and Imabari Shipbuilding Co. Ltd. (49%) for designing and marketing new LNG carriers.

Outline of LNG Carriers

(1)

Cargo   tank capacity:

about   165,000 cubic meters

(2)

Gross   tonnage:

about   146,200 tons

(3)

Length   overall:

about   293.5 meters

(4)

Breadth:

48.94   meters

(5)

Main   engine:

STaGE   (Steam Turbine and Gas Engines)

(6)

Speed:

19.5   knots

(7)

Shipbuilder:

Nagasaki Shipyard   & Machinery Works, Mitsubishi Heavy Industries Ltd.

(8)

Delivery:

2018   (scheduled)