New LNG Carrier for Mitsui & Co. Cameron LNG Project Named Marvel Falcon

On March 29, a naming ceremony was held at Geoje Shipyard of Samsung Heavy Industries Co., Ltd. in Korea, for new liquefied natural gas (LNG) carrier that NYK has concluded a long time-charter contract with Mitsui & Co. Ltd.

At the ceremony, the ship was named “Marvel Falcon” by Mr. Tatsuo Yasunaga, president and chief executive officer of Mitsui & Co., Ltd. and the ceremonial rope holding the vessel in place was cut by Mr. Yasunaga’s wife. From NYK, Hitoshi Nagasawa, Representative Director, Senior Managing Corporate Officer attended. The ship is the first ship of the series for the Mitsui & Co. Cameron LNG project, and after the delivery on April 16, 2018, the ship will be assigned to transport LNG mainly produced in Louisiana State, USA for up to 25 years including optional extension periods, and an NYK Group company will be responsible for ship management.

The vessel has a 174,000-cubic meter capacity membrane-type cargo tank and equipped with X-DF diesel engine*, a new two stroke large bore slow speed diesel engine able to operate on marine gas oil or boil off gas stored as liquid at cryogenic temperatures.

In accordance with its new medium-term management plan “Staying Ahead 2022 with Digitalization and Green”, NYK Group will secure stable-freight-rates businesses such as long-term contracts and continue its efforts to contribute to the stable supply of environment-friendly LNG.

*X-DF diesel engine - A dual-fuel slow-speed diesel engine made by WinGD that has superior performance of fuel consumption efficiency.

Outline of Marvel Falcon

Source: NYK