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.