NYK Concludes Time-charter Contracts for Two New LNG Carriers for Freeport LNG Project
September 9, 2015
Two joint-venture companies that NYK has established with Chubu Electric Power Co. Inc. each concluded a time-charter contract for a new liquefied natural gas (LNG) carrier with Chubu Electric Power Co. Inc.
In addition, one of the joint-venture companies, Trans Pacific Shipping 6 Limited, concluded a shipbuilding contract with MI LNG Company Limited,* and other joint-venture company, Trans Pacific Shipping 7 Limited, concluded a shipbuilding contract with Kawasaki Heavy Industries Ltd.
These new ships will be managed by NYK after being delivered in 2018 and assigned to transport LNG for a 20-year period from the Freeport LNG Project, in which Chubu Electric Power Co. Inc. has an equity interest.
In accordance with its “More Than Shipping 2018” medium-term management plan, NYK will continue its efforts to be a part of stable and economical LNG transport.
* MI LNG Company Limited
A joint venture established in April 2013 by Mitsubishi Heavy Industries Ltd. (equity ownership 51%) and Imabari Shipbuilding Co. Ltd. (49%) for designing and marketing new LNG carriers.
Outline of LNG Carrier for Trans Pacific Shipping 6 Limited
|
(1)
|
Owner
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Trans Pacific Shipping 6 Limited
(Shareholders: Chubu Electric Power Co. Inc. 50%, NYK 50%)
|
|
(2)
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Flag
|
Bahamas
|
|
(3)
|
Ship management
|
NYK
|
|
(4)
|
Shipbuilder
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Mitsubishi Heavy Industries Ltd., Nagasaki Shipyard & Machinery Works
|
|
(5)
|
Cargo tank capacity
|
About 180,000 cubic meters
|
|
(6)
|
Gross tonnage
|
About 151,500 tons
|
|
(7)
|
Length overall
|
About 297.5 meters
|
|
(8)
|
Breadth
|
48.94 meters
|
|
(9)
|
Main engine
|
STaGE (Steam Turbine and Gas Engines)
|
|
(10)
|
Delivery
|
2018 (scheduled)
|
Outline of LNG Carrier for Trans Pacific Shipping 7 Limited
|
(1)
|
Owner
|
Trans Pacific Shipping 7 Limited
(Shareholders: Chubu Electric Power Co. Inc. 50%, NYK 50%)
|
|
(2)
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Flag
|
Bahamas
|
|
(3)
|
Ship management
|
NYK
|
|
(4)
|
Shipbuilder
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Kawasaki Heavy Industries Ltd., Sakaide Shipyard
|
|
(5)
|
Cargo tank capacity
|
About 177,000 cubic meters
|
|
(6)
|
Gross tonnage
|
About 137,000 tons
|
|
(7)
|
Length overall
|
About 300.0 meters
|
|
(8)
|
Breadth
|
48.90 meters
|
|
(9)
|
Main engine
|
DFDE (Dual Fuel Diesel Electric)
|
|
(10)
|
Delivery
|
2018 (scheduled)
|
<Outline of each company>
Chubu Electric Power Co. Inc.
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Head office
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1 Higashi-shincho, Higashi-ku, Nagoya, Aichi, Japan
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|
President
|
Satoru Katsuno
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MI LNG Company Limited
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Head office
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5-1,Shimbashi 4-chome, Minato-ku, Tokyo, Japan
|
|
President
|
Terufumi Kajiwara
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Kawasaki Heavy Industries Ltd.
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Head office
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1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Hyogo, Japan
|
|
President
|
Shigeru Murayama
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