• NYK Group
• Sitemap
• Japanese

• 2017
• 2016
• 2015
• 2014
• 2013
• Before 2012

NYK Teams with Chubu Electric Power for the Transport of Australian LNG

May 16, 2014

Image of LNG carrier to be built

 

Chubu Electric Power Co. Inc. (head office: Nagoya; president: Akihisa Mizuno) has joined NYK and the Mitsubishi Corporation(head office: Tokyo; president: Ken Kobayashi) to become a shareholder of Trans Pacific Shipping 1 Ltd. (TPS1), which currently holds a time-charter contract with Chubu Electric Power for a new liquefied natural gas (LNG) carrier.

 

The shared ownership by the three parties will contribute to the expansion of Chubu Electric Power’s shipping business and allow NYK to enhance its partnership and leverage each company’s know-how and expertise in the LNG value chain which contributes to the long-term, stable transport of LNG for Chubu Electric Power. The ship is assigned to transport LNG from Australia to Japan for about 15 years to be started in 2017, and NYK will be responsible for ship management.

 

NYK will continue its efforts for stable, economical transport of LNG, which is increasing in demand throughout the world.

 

·         Outline of Trans Pacific Shipping 1 Ltd.

Description of business	:Ship owning and operational management of the maritime transport of LNG
Equity ownership	:Chubu Electric Power 40%; Mitsubishi Corporation 40%; Nippon Yusen Kaisha 20%
Vessels owned	:1 (Cargo tank capacity: about 153,000 cubic meters; Builder: Mitsubishi Heavy Industries)