Contributing to Stable Energy Supply Through LNG Transportation to Japan

Asia LNG Transport Sdn. Bhd. (ALT), a joint venture between NYK and Malaysian shipping company MISC Berhad (MISC), has signed a long-term time-charter contract with Malaysia LNG Sdn. Bhd. (MLNG) for one newly built liquefied natural gas (LNG) carrier.

The vessel will be constructed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China and is scheduled for delivery in 2028. Following delivery, the vessel will be deployed in LNG transportation services to Japan.

Representatives from MLNG, MISC, and NYK attended a signing ceremony held in Tokyo on October 9. At the ceremony, the parties reaffirmed their commitment to working closely together to ensure the safe and steady execution of the project.

Comment by NYK Senior Managing Executive Officer Hironobu Watanabe: “We are very pleased to have concluded this charter agreement. Together with MLNG, MISC, and our other partners, we will strive to provide safe and reliable LNG transportation services and contribute to the stable supply of energy to Japan.”

Outline of vessel

Cargo tank capacity: 18,700 m³

Propulsion system: Dual-Fuel Diesel Electric (DFDE)

Length overall: Approx. 129.8 meters

Molded beam: Approx. 25.4 meters

Builder: Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.

Scheduled delivery: 2028

The core strategy of the NYK Group’s medium-term management plan, “Sail Green, Drive Transformations 2026 ,” is to deepen the Group’s existing core businesses and invest in new growth businesses. In its Energy Business Division, NYK has centered its strengthened efforts on the LNG/LPG carrier business, which the company has positioned as a growth area. NYK will continue to contribute to realizing a stable energy supply by leveraging the experience, expertise, and networks the NYK Group has cultivated as one of the world’s largest LNG carrier owning and management companies.

NYK Group, press release