Following receipt of the relevant regulatory clearances, NYK has completed the acquisition of a 50% stake in Avenir LNG Limited (Avenir LNG). The stake was acquired from Stolt-Nielsen Gas Ltd., a wholly owned subsidiary of Stolt-Nielsen Limited (SNI), which previously held 100% ownership of Avenir LNG.

With the completion of the transaction, NYK and SNI have established a joint ownership and operating structure for Avenir LNG, a leading operator in the LNG bunkering sector with one of the World's largest fleets of LNG bunker vessels.

The joint venture will pursue opportunities in LNG and bio-LNG bunkering, supporting the maritime industry's transition to lower-emission fuels.

Company Profiles

Stolt-Nielsen Limited

Chief Executive Officer: Udo Lange

Nippon Yusen Kabushiki Kaisha (NYK)

President: Takaya Soga

Avenir LNG Limited

Managing Director: Jonathan Quinn

NYK Group, press release