Japan: NYK Takes Delivery of Its Newbuild Vessel

Business & Finance

Japan - NYK Takes Delivery of Its Newbuild Vessel

On May 11, Taharoa Destiny, a new 175,000 DWT class vessel dedicated to the transport of ironsand slurry, was delivered to NYK.

The ship was built at Mitsubishi Heavy Industries Ltd.’s (MHI) Nagasaki Shipyard and Machinery Works. At the naming ceremony held on May 9, BlueScope Steel Minerals president Christopher Fogarty and his wife, BlueScope Steel Minerals vice-president Derek Charge and his wife, MHI president Hideaki Omiya and his wife, NYK president Yasumi Kudo, and NYK corporate officer Kazuo Ogasawara joined a number of others in attendance to celebrate the maiden voyage of the vessel to Taharoa, New Zealand.

The vessel will be chartered to New Zealand Steel Mining Ltd. under a long-term contract and is expected to transport 1.2 million tons of ironsand slurry annually from New Zealand to China and Japan for 15 years. New Zealand Steel Mining Ltd. is a subsidiary of New Zealand Steel, which became a part of the BlueScope Steel Group in 2002.

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Source: NYK, May 17, 2012