The NYK group is one of the World's largest independent owners and managers of Liquefied Natural Gas (LNG) vessels. The group currently has ownership in 66 LNG vessels, and confirmed orders which will take the fleet total to 68 vessels by mid-2014; 34 of which will be managed in-house and a further 6 vessels will be managed under joint ventures.
NYK responded to the growing LNG trade in the Atlantic basin and internationally by establishing LNG offices in London and Houston in 2002. This has allowed the group to target the European, African and Americas markets with dedicated staff to offer you a truly global service. Since its inception the division has grown to over 40 people covering all aspects of the trade in marketing, operations, vessel management and finance.
NYK Energy Transport (Atlantic) Limited (NETA) which changed its name from NYK LNG (Atlantic) Limited as from 1st of May, 2012 is the commercial arm of the division and is responsible for NYK's LNG business as well as other hydro-carbon energy in liquid form mainly west of the Suez Canal to the United States. NETA currently commercially operates, manages or has ownership interests in nineteen LNG vessels and engages in chartering of 7 MR tankers.
NYK LNG Shipmanagement (UK) Ltd was created in 2006 when the technical management of the group's LNG vessels was moved into a newly formed 100% NYK subsidiary. This new subsidiary was created using the same manuals, standards, systems, procedures and staff that had been built-up with the group since NYK's first LNG vessels were delivered in 1983. The aim of NYK Shipmanagement (UK) Ltd is to allow NYK to better deal with the growing importance of the Atlantic Basin, and to transfer valuable skills and experience into this region.