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NYK Line takes delivery of newbuild LNG carrier
NYK said it would continue to collaborate on LNG transport and other initiatives with charterer Kyushu Electric Power Co
Japanese shipping comany Nippon Yusen Kabushiki Kaisha (NYK Line) has taken delivery of a newbuild LNG carrier the company ordered from SHI in 2022.
Kyushu subsidiary Q United Energy Supply & Trading Co is chartering LNG carrier Quest Kirishima in a deal agreed in September 2022. The vessel is equipped with a WinGD-made dual-fuel slow-speed diesel engine that can operate on marine gas oil or boil-off gas stored in the cargo tank. The ship additionally has a reliquefaction system that utilises surplus boil-off gas.
174,000-m3 Quest Kirishima soon will be deployed under the agreed time charter, and NYK said it would continue to collaborate on LNG transport and other initiatives with Kyushu and Q United parent company Kyuden Group.
"In addition to LNG transport, NYK will continue to strengthen its co-operative relationship with the Kyuden Group in a wide range of fields, including the LNG-fuel supply business for ships, the construction of the world’s first LNG-fuelled Panamax and the establishment of a supply chain for next-generation energy such as green ammonia," NYK Line said.
NYK Group said its core strategy in the medium term is to deepen its existing core businesses and invest in new growth businesses.
"In its Energy Business division, NYK has centered its strengthened efforts on the LNG/LPG carrier business, which the company has positioned as a growth area. NYK will contribute to realising a stable energy supply in Japan by leveraging the experience, know-how and networks the NYK Group has cultivated as one of the world’s largest LNG carrier-owning and management companies," according to the company.
- Kyushu and Setouchi LNG bunker ship delivered
- LNG bunker ship for Kyushu and Setouchi launched
- First LNG ship-to-ship bunkering conducted in western Japan
Kyushu Electric Power Co, NYK Line, Itochu Enex Co and Saibu Gas Co established a joint venture company, KEYS Bunkering West Japan Co (Keys), in February 2024 with the goal of operating an LNG bunkering business for ships in Japan’s Kyushu and Setouchi regions.
As part of the new JV, the parties agreed a shipbuilding contract for one LNG bunker vessel to be built at Mitsubishi Shipbuilding Co in Japan. The construction of the LNG bunkering vessel was completed in March 2024, and the vessel became the first LNG bunkering vessel operated in West Japan.
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