NYK Concludes Long-Term Time-Charter with QatarEnergy for Five New LNG Carriers

Published on: 05 November 2022
by KnowESG

, from

NYK Line

2022-11-04T082647Z 1 LYNXMPEIA309M RTROPTP 3 CHINA-ENERGY

NYK is pleased to announce that the joint-venture companies that NYK is a part of have signed a long-term time-charter contract with QatarEnergy, the state energy company of Qatar, for five liquefied natural gas (LNG) carriers.

The joint-venture companies have also executed shipbuilding contracts for the five 174,000 m3 LNG carriers with Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.

QatarEnergy is one of the world’s largest LNG producers. These five new vessels will transport LNG to countries around the world.

Over the past 39 years since the delivery of the LNG carrier Echigo Maru in 1983, NYK has continued to enhance its LNG safety/expertise and worldwide LNG transport network.

QatarEnergy has a lot of respect for NYK's skills in safe and efficient navigation, building LNG carriers, and high-level ship management, which led to the successful completion of this contract.

NYK and QatarEnergy have had a long-term relationship with several existing projects, and the relationship will be further extended through this contract.

These five ships will have an X-DF 2.1 iCER on board, which will help reduce greenhouse gas (GHG) emissions and improve the environment.

Source: NYK Line

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