NYK concludes charter agreement for LNG carrier with Kyuden Group
Published by Abi Larkin,
Editorial Assistant
LNG Industry,
On 1 September, NYK and Q United Energy Supply & Trading Co, which is a Kyuden Group company, signed a new multi-year time charter contract for a new LNG carrier based on the relationship of trust and experience in energy transportation that NYK and Kyuden Group have built up to date.
This vessel will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e., X-DF diesel engine) that has superior fuel-consumption efficiency and can operate on marine gas oil or boil off gas (BOG) stored in the cargo tank. The carrier will also feature a re-liquefaction system that can use surplus BOG efficiently. The cargo tank will be a 174 000 m3 capacity membrane-type tank that will make use of advanced insulating materials to suppress the boil-off rate (percentage of gas volume that vaporises during navigation) in the cargo tank and realise significantly more efficient, economical, and environmentally-friendly operation.
By utilising its experience and network cultivated as a world scale LNG carrier owning-and-managing company, NYK will contribute to Japan’s stable energy supply. NYK will also co-operate with the Kyuden Group not only in the LNG transportation business but also in the LNG-fuel supply business for ships and the construction of the world’s first LNG-fuelled large coal carrier.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01092022/nyk-concludes-charter-agreement-for-lng-carrier-with-kyuden-group/
You might also like
EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.