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NYK Concludes Time-charter Contracts for Two New LNG Carriers for Freeport LNG Project

Two joint-venture companies that NYK has established with Chubu Electric Power Co. Inc. each concluded a time-charter contract for a new liquefied natural gas (LNG) carrier with Chubu Electric Power Co. Inc.

In addition, one of the joint-venture companies, Trans Pacific Shipping 6 Limited, concluded a shipbuilding contract with MI LNG Company Limited,* and other joint-venture company, Trans Pacific Shipping 7 Limited, concluded a shipbuilding contract with Kawasaki Heavy Industries Ltd.

These new ships will be managed by NYK after being delivered in 2018 and assigned to transport LNG for a 20-year period from the Freeport LNG Project, in which Chubu Electric Power Co. Inc. has an equity interest.

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.

* 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 Carrier for Trans Pacific Shipping 6 Limited

1. Owner - Trans Pacific Shipping 6 Limited (Shareholders: Chubu Electric Power Co. Inc. 50%, NYK 50%)
2. Flag - Bahamas
3. Ship management - NYK
4. Shipbuilder Mitsubishi Heavy Industries Ltd., Nagasaki Shipyard & Machinery Works
5. Cargo tank capacity - About 180,000 cubic meters
6. Gross tonnage - About 151,500 tons
7. Length overall - About 297.5 meters
8. Breadth - 48.94 meters
9. Main engine STaGE (Steam Turbine and Gas Engines)
10. Delivery - 2018 (scheduled)

Outline of LNG Carrier for Trans Pacific Shipping 7 Limited
1. Owner - Trans Pacific Shipping 7 Limited (Shareholders: Chubu Electric Power Co. Inc. 50%, NYK 50%)
2. Flag - Bahamas
3. Ship management - NYK
4. Shipbuilder - Kawasaki Heavy Industries Ltd., Sakaide Shipyard
5. Cargo tank capacity - About 177,000 cubic meters
6. Gross tonnage - About 137,000 tons
7. Length overall - About 300.0 meters
8. Breadth - 48.90 meters
9. Main engine - DFDE (Dual Fuel Diesel Electric)
10. Delivery - 2018 (scheduled)