NYK concludes long-term charter agreement for new LNG Carriers with US LNG Giant Cheniere

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NYK Line, in partnership with Ocean Yield AS, has signed multiple long-term charter contracts for new liquefied natural gas (LNG) carriers with Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy, Inc. (“Cheniere”), a major US LNG producer.

The vessels will be built at HD Hyundai Heavy Industries Co. Ltd. in South Korea and will be delivered from 2028.

The vessels will be equipped with a next-generation X-DF2.1 iCER*, VCR system**, dual-fuel, low-speed diesel engine that uses fuel oil and boil-off gas (LNG vaporized in the cargo tanks during navigation) for the main engine, and a re-liquefaction system that can use surplus boil-off gas effectively. The vessels will have a 200,000 cubic meter capacity membrane-type tank*** that uses advanced insulating materials to realize superior efficiency and economical LNG transportation.

The vessels will be the first LNG carriers NYK has chartered under a long-term time charter contract with Cheniere.