NYK and Mitsui & Co. Conclude Time-charter Contract for
Second New LNG Carrier for Cameron LNG Project
January 29, 2015
On January 29, NYK concluded a time-charter contract with Mitsui & Co. Ltd. (head office: Tokyo; president: Masami Iijima) for a new liquefied natural gas (LNG) carrier for the Cameron LNG project based in the U.S. state of Louisiana.
Mitsui & Co. Ltd. will take LNG produced from this project which promote in the U.S. state of Louisiana and this is second new contract, following the contract concluding with Mitsui & Co. Ltd. on September 26, 2014. The ship will be delivered in 2018 and assigned to transport this project’s LNG for a maximum of 25 years. The new vessel will be owned by Rosewood Shipping Pte. Ltd., a wholly owned subsidiary of NYK, and an NYK Group company will be responsible for ship management.
In accordance with its “More Than Shipping 2018” medium-term management plan, NYK will continue its efforts to contribute to stable and economical LNG transport services.
Outline of contract
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(1)
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Date of contract
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January 29, 2015
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(2)
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Specifications of vessel
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One moss-type LNG carrier with a capacity of 177,000 m3
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(3)
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Owner
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Rosewood Shipping Pte. Ltd. (100% owned by NYK)
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(4)
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Charterer
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Mitsui & Co. Ltd.
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(5)
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Ship management
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NYK LNG Shipmanagement or
NYK Shipmanagement Pte. Ltd.
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(6)
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Shipbuilder
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Mitsubishi Heavy Industries Ltd.
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(7)
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Term of contract
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Maximum 25 years after delivery
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(8)
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Delivery
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2018 (scheduled)
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Image of Cameron Project‘s Completed Terminal
Related Press Releases:
May 17, 2013, "NYK Establishes Consortium for Cameron LNG Project"
August 7, 2014, ”Final Investment Decision Reached on Cameron LNG Project”
October 9, 2014,”NYK and Mitsui & Co. Conclude Time-charter Contract for New LNG Carrier for Cameron LNG Project”
The news on this website is as of the date announced and may change without notice.