NYK and Mitsui & Co. Conclude Time-charter Contract for New LNG Carrier for Cameron LNG Project
October 9, 2014
On September 26, 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.
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 Tea Tree 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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September 26, 2014
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(2)
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Specifications of vessel
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One membrane-type LNG carrier with a capacity of 174,000 m3
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(3)
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Owner
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Tea Tree 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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Shipbuilder in Korea
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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”
The news on this website is as of the date announced and may change without notice.