NYK Line and Ocean Yield sign newbuild LNG dual-fuel LNG carrier charters with Cheniere Energy

Japan’s Nippon Yusen Kaisha (NYK Line) and Norwegian shipowner Ocean Yield have jointly signed several long-term charter agreements with Cheniere Marketing International, a subsidiary of US LNG producer Cheniere Energy, for new LNG dual-fuel LNG carriers.

IMAGE: Illustration of an LNG dual-fuel LNG carrier. ENGINE via ChatGPT

Each vessel will have a capacity of 200,000 cbm and will be fitted with a dual-fuel, low-speed diesel engine capable of running on fuel oil and boil-off gas generated from the cargo during voyages. They will also be equipped with a re-liquefaction system to efficiently manage excess boil-off gas.

The vessels will be constructed at HD Hyundai Heavy Industries in South Korea, with deliveries scheduled from 2028.

These ships will be the first LNG carriers chartered by NYK Line under a long-term time charter arrangement with Cheniere Energy, NYK Line said.

The company has not disclosed further details, including the number of vessels involved or their intended deployment.

By Tuhin Roy

Please get in touch with comments or additional info to news@engine.online