NYK Concludes Long-Term Charter Agreement For Two LNG Carriers With Total

NYK signed a long-term contract with Total Gas & Power Chartering Limited (TGPCL),* a subsidiary of Total, a leading oil and energy company headquartered in France. The contract calls for TGPCL to charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.

petronet-lng
Representation Image – Credits: nyk.com

The two LNG carriers 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 stored in the cargo tank. The carriers will also feature a re-liquefaction system that can use surplus boil-off gas effectively. The cargo tank will be a 174,000 cubic meter capacity membrane-type tank that will make use of advanced insulating materials** to suppress the boil-off rate (percentage of gas volume that vaporizes during navigation) in the cargo tank and realize superior efficiency and economical LNG transportation.

In September, NYK concluded a long-term charter agreement with Total for another new LNG vessel. In addition, NYK currently offers ship-management services through Gazocean, a French joint venture between NYK and Total, and will continue to deepen collaboration with Total in both LNG transportation and ship management.

In accordance with its new medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group seeks to secure stable freight rates through long-term contracts, provide flexible and optimal LNG transport options that meet customers’ diversifying needs, and continue its efforts to contribute to a stable supply of LNG.

* Total Gas & Power Chartering Limited
A wholly owned subsidiary of Total responsible for transporting LNG, petcoke, and sulphur for the Total Group.

** A Gaztransport & Technigaz (GTT) made tank — i.e., the GTT Mark III flex cargo containment system — that has insulating materials to suppress the boil-off rate.

Outline of Vessel

  • Cargo tank capacity: about 174,000 cubic meters
  • Length overall: about 293 meters
  • Breadth: about 45.8 meters
  • Main engine: X-DF diesel engine
  • Speed: 19.5 knots
  • Shipbuilder: Samsung Heavy Industries Co. Ltd.
  • Delivery year: 2021

Reference: nyk.com

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Article Footer Banner
Article Footer Banner

Subscribe To Our Newsletters

By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.

Web Stories

Leave a Reply

Your email address will not be published. Required fields are marked *