The two Japanese conglomerates NYK and JERA Co. signed on January 31 a long-term charter contract for a new liquefied natural gas (LNG) carrier to be built in South Korea, by Hyundai Samho Heavy Industries.
The vessel fixed will be delivered in 2027 and will be used to transport LNG for JERA, as this is the 11th LNG carrier NYK has chartered under a time charter contract with JERA.
This contract as well as the previous ones will contribute to the stable supply of LNG in partnership with JERA and strengthen and promote NYK’s LNG business as a core business of the company.
The vessel will be equipped with a next-generation X-DF2.2 iCER dual-fuel, low-speed diesel engine that uses fuel oil and boil-off gas (LNG vaporized in the cargo tanks during navigation) for the main engine and a re-liquefaction system that can use surplus boil-off gas effectively.
The vessel will have a 174,000 cubic meter capacity membrane-type tank that uses advanced insulating materials to realize superior efficiency and economical LNG transportation.
NYK has positioned its bulk shipping business as a core business and will invest 300 billion yen (about $2bn) in LNG carrier construction by fiscal 2026.
