NYK and Stolt-Nielsen formally complete 50/50 JV
Published by Jessica Casey,
Editor
LNG Industry,
Following receipt of the relevant regulatory clearances, NYK has completed the acquisition of a 50% stake in Avenir LNG Ltd.
The stake was acquired from Stolt-Nielsen Gas Ltd., a wholly owned subsidiary of Stolt-Nielsen Ltd (SNI), which previously held 100% ownership of Avenir LNG.
With the completion of the transaction, NYK and SNI have established a joint ownership and operating structure for Avenir LNG, a leading operator in the LNG bunkering sector with one of the world's largest fleets of LNG bunker vessels.
The joint venture will pursue opportunities in LNG and bio-LNG bunkering, supporting the maritime industry's transition to lower-emission fuels.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03092026/nyk-and-stolt-nielsen-formally-complete-5050-jv/
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