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  1. Two Japanese partnerships order new LNG carriers

    Eric Watkins Senior Correspondent LOS ANGELES, Nov. 15 -- Nippon Yusen Kaisha (NYK) Line has signed partnership agreements with two other Japanese firms for joint ownership of LNG carriers. In the first, NYK and Tokyo Gas Co. subsidiary Tokyo LNG Tanker Co., Ltd., both of Tokyo, signed a joint ownership contract with Kawasaki Shipbuilding Corp. for construction of a 177,000 cu m capacity LNG carrier. The companies also signed a heads of agreement for joint ownership and a long-term charter for the carrier. NYK Line will hold a 90% stake in the ship, while Tokyo LNG will hold the remaining 10%. NYK Line also was appointed ship manager under the 20 year-term time charter that will start from 2011, when the vessel will be completed. Construction of the tanker will start in fiscal 2009. The Moss-type carrier will be equipped with four spherical tanks and will be equipped with a Kawasaki advanced reheat turbine plant for propulsion, enabling 15% higher fuel efficiency. After its completion, the ship will transport LNG from the Northwest Shelf Expansion, Malaysia I and III, the Darwin Project, Sakhalin-2, Pluto, and Gorgon among others. The agreement marks the second new carrier that NYK will co-own solely with Tokyo LNG Tanker, following a 153,000 cu m capacity carrier planned to be completed in 2009. After completion, this newbuild carrier will be used in an LNG transportation project for Tokyo Gas Co. Ltd., said NYK Line. NYK-Mitsui deal In another joint ownership deal, NYK and Mitsui raised $700 million through a syndicated loan to cover some 70-80% of the construction costs for four 145,000 cu m LNG carriers. Mitsui and NYK will jointly own the four vessels, which are being built by Mitsubishi Heavy Industries and Kawasaki Heavy Industries. The first ship will be delivered in 2009, with the others being delivered in 2010-11. NYK and Mitsui have already chartered these ships to Taiwan's Chinese Petroleum Corp. for 25 years. CPC will use the vessels to transport 3 million tonnes/year of LNG to Taiwan from Qatar. Contact Eric Watkins at hippalus@yahoo.com.

    Online Articles

    Online Articles

    Thu, 15 Nov 2007

  2. Oman LNG receives bids for Train III LNG carriers

    Oman LNG LLC next week will announce its shortlist of preferred bidders for a contract to supply two LNG carriers for output from the country's new LNG Train III project.

    Online Articles

    Online Articles

    Thu, 27 Mar 2003

  3. Variety of codes governs design, construction of LNG carriers

    A host of national and international codes and standards usually comprises a list in a shipbuilder's contract specification for a new LNG carrier . Prospective owners must review this list carefully, if the vessel is to be built in full compliance with all applicable requirements.

    Magazine Articles

    Magazine Articles

    Mon, 26 Aug 2002

  4. GasLog takes delivery of recently acquired LNG carrier

    International owner, operator, and LNG carrier managing firm GasLog Ltd. has taken delivery of the STX Frontier, a 2010-built, 153,600-cu m trifuel diesel electric LNG carrier from STX Pan Ocean LNG Pte. Ltd., Singapore.

    Online Articles

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    Fri, 4 Oct 2013

  1. Conflicting LNG carrier capacity trends emerging in Japan

    Magazine Articles

    Magazine Articles

    Mon, 16 Dec 1996

  2. Tsakos Energy to take delivery of first LNG carrier

    Athens, Greece-based Tsakos Energy Navigation Ltd. (TEN) will enter into the LNG market for the first time in the company's history through the delivery of its first LNG carrier in early 2007, the shipping firm said.

    Online Articles

    Online Articles

    Fri, 11 Jun 2004

  3. LNG CARRIER USING MEMBRANE TANK SYSTEM DELIVERED

    The world's first LNG carrier that incorporates the Technigaz Mark III membrane tank system was delivered in October to its owner, Asia LNG Transport Sdn. Bhd., a joint venture between Nippon Yusen K.K. and Perbadanan Nasional Shipping Line Berhad of Malaysia. NKK built the 18,800 cu m, fully ...

    Magazine Articles

    Magazine Articles

    Mon, 6 Dec 1993

  4. ExxonMobil, Mitsui sign LNG carrier deals

    Mitsui OSK Lines has signed separate deals with ExxonMobil Corp. for the construction and charter of LNG carriers earmarked for the Papua New Guinea LNG and Gorgon-Jansz LNG projects.

    Online Articles

    Online Articles

    Fri, 5 Mar 2010

  5. Chinese-built LNG carrier for North West Shelf delivered

    The NWS JV partners have taken delivery of the first of three Chinese-built LNG carriers that will transport LNG from the Burrup Peninsula plant to Dapeng receiving terminal in Guandong Province, China.

    Online Articles

    Online Articles

    Fri, 4 Apr 2008

  6. Teekay, Exmar sign LNG carrier deal

    Exmar NV and Teekay LNG Partners LP have reached an agreement under which Teekay will purchase a 50% interest in two of Exmar’s LNG carriers —Excelsior and Excalibur.

    Online Articles

    Online Articles

    Thu, 7 Oct 2010

  7. Qatar Gas lets LNG carrier construction contract

    Qatar Gas Transport Co. has awarded South Korean shipbuilders Samsung Heavy Industries and Daewoo Shipbuilding & Marine orders totaling $2.1 billion for the construction of eight LNG carriers .

    Online Articles

    Online Articles

    Tue, 6 Feb 2007

  8. Yokogawa wins LNG carrier control contract

    Yokogawa Australia was awarded a contract to replace the control system in the LNG carrier Northwest Sanderling, which ships LNG from the NWS project in Western Australia to Japan and other Asian markets.

    Online Articles

    Online Articles

    Thu, 15 Jan 2009

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