NYK charters LNG carrier newbuild to Total

Japanese shipping giant Nippon Yusen Kaisha (NYK) has signed a new long-term contract with Total Gas & Power Chartering, a unit of Total, for a newbuild LNG carrier.

The LNG carrier that will be built by Samsung Heavy Industries in South Korea and scheduled for delivery in 2021, NYK said in its statement.

The LNG carrier will be 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 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 in the cargo tank and realize superior efficiency and economical LNG transportation.

NYK concluded time-charter contracts with Total last year for three LNG vessels, so this most recent contract brings the total to four LNG carriers and reinforces the close relationship between the two companies.