NYK Concludes Charter Agreement for LNG Carrier with Total

October 2, 2018

On September 28, NYK signed a 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 a newly built liquefied natural gas (LNG) carrier for seven years, with an optional extension period of one year. The new vessel will be built by Samsung Heavy Industries Co. Ltd. in Korea and is due to be delivered in 2021.

The LNG carrier 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 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. In addition, the new carrier will realize superior efficiency and economical LNG transportation through use of a re-liquefaction system that can use surplus boil-off gas effectively.

NYK will continue to provide flexible and optimal LNG transport options that meet customers’ diversifying needs, and continue the company’s efforts to contribute to a stable supply of LNG as an environment-friendly energy.

* 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

The news on this website is as of the date announced and may change without notice.