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NYK Signs Long-Term LNG Carrier Charters with Cheniere

NYK Line has signed long-term charter agreements with Cheniere for new LNG carriers to be built in South Korea, with deliveries scheduled to start from 2028.
Illustration purpose only (Image source: NYK)

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NYK Line has entered into long-term charter agreements for newly built LNG carriers with Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy. The contracts were concluded in partnership with Ocean Yield.

The LNG carriers will be constructed by HD Hyundai Heavy Industries in South Korea, with deliveries scheduled to begin from 2028. According to NYK Line, this represents the first time the company has signed long-term time charter contracts for LNG carriers with Cheniere.

Each vessel will be equipped with a membrane-type cargo containment system with a capacity of 200,000 cubic meters. The LNG carriers will measure about 294.8 m in length overall and approximately 48.9 m in breadth.

The vessels will be fitted with dual-fuel, low-speed X-DF2.1 iCER engines, enabling operation on both fuel oil and boil-off gas. In addition, a re-liquefaction system will be installed to handle boil-off gas generated during LNG transportation.

NYK Line stated that the project is positioned within its medium-term management plan and is part of the group’s ongoing LNG carrier fleet development. The vessels are intended to be deployed under long-term charter arrangements.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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