Providing optimal and safe transport to meet the increasing demand for LNG and to be the world’s No. 1 LNG carrier.
The LNG Transport Division has grown in tandem with Japan’s gas and electric power companies since NYK commissioned Japan’s first LNG carrier in 1983. Demand for LNG is steadily expanding on a global scale. Gas demand is expected to increase further over the medium- to long-term through increased shale gas production in North America, the development of unconventional gas in many areas, and greater use of LNG.
NYK currently owns 67 LNG carriers, and one of the distinctive features of the LNG transport business includes long-term contracts with customers, usually around 20 years. In order to provide stable service throughout our long commitment to our valued customers, NYK thinks it is our responsibility to carry out many efforts behind the scene and particularly to educate and train personnel serving on board our LNG tankers.
As a major carrier of LNG, we are a part of many projects throughout the world, including those in France, Nigeria, Angola and Russia. In fact, we are now striving to be involved in shipments to emerging economies such as China and India, in addition to future projects centring on Australia, North America, Russia, and Africa.