25 Sep
2020

NYK Concludes Long-term Charter Agreement with Total for LNG Carriers

first_imgSea News, September 2 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 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 and realize superior efficiency and economical LNG transportation. NYK concluded time-charter contracts with Total last yearfor three LNG vessels, so this most recent contract brings the total to fourLNG carriers and reinforces the close relationship between the two companies. Author: Baibhav Mishra Cargo tank capacity: about 174,000 cubic metersLength overall: about 293 metersBreadth: about 45.8 metersMain engine: X-DF diesel engineSpeed: 19.5 knotsShipbuilder: Samsung Heavy Industries Co. Ltd.Delivery year: 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. NYK has signed a new long-term 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 that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021. In accordance with its medium-term management plan “StayingAhead 2022 with Digitalization and Green,” the NYK Group seeks to secure stablefreight rates through long-term contracts, provide flexible and optimal LNGtransport options that meet customers’ diversifying needs, and continue itsefforts to contribute to a stable supply of LNG. Outline of Vessellast_img

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