Further Accumulation of Stable Freight Rate Businesses and the Stable Supply of LNG
NYK announced on Wednesday (Aug10) that the joint-venture companies* that NYK is a part of have signed a long-term time-charter contract with QatarEnergy, the state energy company of Qatar, for seven liquefied natural gas (LNG) carriers. The joint-venture companies have also executed shipbuilding contracts for the seven 174,000 m3 LNG carriers with Hyundai Heavy Industries Co., Ltd.
QatarEnergy is one of the world’s largest LNG producers. These seven new vessels will transport LNG to countries around the world.
Over the past 39 years since the delivery of the LNG carrier Echigo Maru in 1983, NYK has continued to enhance its LNG safety/expertise and worldwide LNG transport network. The skills that NYK has acquired in safe and optimized navigation, the construction of LNG carriers, and high-level ship-management quality have earned high regard from QatarEnergy, leading to the successful conclusion of this contract. NYK and QatarEnergy have had a long-term relationship with several existing projects and the relationship will be further extended through this contract.
These seven vessels will be equipped with an X-DF 2.1 iCER ** and air lubrication system,*** both of which will contribute to a reduction of GHG emissions and an improved environmental impact.
Vessel Particulars:
- Length overall: approx. 299.00 meters
- Moulded Breadth: 46.40 meters
- Propulsion system: X-DF2.1 iCER (dual fuel engine that uses gas admitted at low pressure)
- Cargo tank capacity: approx. 174,000 cubic meters
- Speed: 19.5 knots
- Shipbuilder: Hyundai Heavy Industries Co., Ltd.
- Delivery: 2025–2026
* Comprising NYK, “K” Line, MISC Berhad, and China LNG Shipping (Holdings) Limited
** A low-speed dual-fuel engine that uses gas admitted at low pressure
*** A method that uses air bubbles to reduce the resistance between the ship's hull and seawater