NYK to Build New LNG Carrier for 20-Year Edison Charter

Japanese shipping major NYK Line has placed an order for a liquefied natural gas (LNG) carrier after signing a charter contract with Italy-based energy company Edison.

The 174,000 cubic meter vessel was ordered from South Korea’s Hyundai Samho Heavy Industries. Featuring an X-DF fuel-efficient, dual-fuel engine, the new ship is scheduled to be completed in 2022.

The LNG carrier will have a length of 297 meters and a width of 46.4 meters.

On April 10, NYK revealed the newbuilding order as part of the long-term LNG carrier charter agreement signed with Edison. The company said that the deal was signed for a period of up to 20 years and includes an extension option.

In accordance with its new medium-term management plan, NYK is looking to secure stable freight rates through long-term contracts, provide flexible and optimal LNG transport options, and continue its efforts to contribute to a stable supply of LNG.