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NYK Concludes Long-term Charter Agreement for Three LNG Carriers with MC

NYK has signed long-term contracts with Diamond Gas International Pte. Ltd. (DGI), a wholly owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers, says an official statement.

 Previously, NYK concluded long-term time-charter contracts for three new LNG vessels for MC’s Cameron LNG project, so these most recent contracts bring the total to six carriers for MC.

The NYK Group will be responsible for ship management for the three ordered LNG carriers, one which is scheduled to be delivered in 2020. For about 18 years, that ship will transport LNG from the U.S. state of Louisiana for the Cameron LNG project, in which NYK and MC both have a stake, as well as from other locations around the world. 

The other two ships are scheduled to be delivered in 2021, and for about 17 years the ships will transport LNG from the LNG Canada project in British Columbia, Canada, in which MC has a stake, as well as from other locations around the world.

In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group seeks to secure stable freight rates through long-term contracts and continue its efforts to contribute to a stable supply of LNG as an environment-friendly energy.

 


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