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            september 21, 2019

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NYK concludes long-term charter deal with Total for LNG carriers


Japanese shipping giant NYK has signed a new long-term contract with Total unit Gas & Power Chartering, a French energy company.
The contract calls for Gas & Power Chartering to charter from NYK a newly built liquefied natural gas (LNG) carrier that will be built by Samsung Heavy Industries for delivery in 2021.
The LNG carrier will be equipped with a WinGD-made dual-fuel slow-speed 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 carrier will also feature a re-liquefaction system that can use surplus boil-off gas effectively. The cargo tank will be a 174,000-cubic metre capacity membrane-type tank that will make use of advanced insulating materials to suppress the boil-off rate and realise efficiency and economical LNG transportation.
NYK concluded time-charter contracts with Total last year for three LNG vessels, so this most recent contract brings the total to four LNG carriers and reinforces the close relationship between the two companies, the company said.

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