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2011 March 2   14:39

NYK, LNG Marine Transport sign LNG carrier charter contract

NYK concluded on Feb. 28, 2011 a time-charter contract for a new LNG carrier with LNG Marine Transport Ltd., NYK press release said.

Besides, the shipping company concluded a contract with Mitsubishi Heavy Industries, Ltd. for the construction at Nagasaki Shipyard & Machinery Works of the LNG carrier.
 
The ship is scheduled for delivery in 2014. The carrier will be used to transport LNG for Tokyo Electric Power Company (TEPCO) from LNG export terminals of Papua New Guinea or others where TEPCO purchase LNG under the operational management of LNG Marine Transport Ltd. for 15 years after completion.
 
This vessel will be outfitted with the state-of-the-art equipment, such as ultra steam turbines, which will reduce fuel expenses by about 15%; systems for ballast-water treatment; and systems for operations using low-sulfur fuel. The carrier features an environment-friendly design that incorporates a range of initiatives to safeguard the environment.
 
LNG carrier specifications: LOA – some 288m, breadth – 49m, speed – 19.5kn, cargo tank capacity - about 145,400 cbm, gross tonnage -  about 123,000 tons.
 
Tokyo-headquartered Nippon Yusen Kaisha (NYK Line) is the largest shipping company in the world.
NYK Line operates a fleet of over 700 vessels and its own fleet of large containers. The company’s workforce of more than 33,000 employees enables its operations worldwide. Container terminals, warehouses and logistics centers of NYK Line are located in Asia, Europe and North America.

Japan LNG Marine Transport Ltd. is engaged in marine transportation of LNG and in agency business.
 

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