Japan’s NYK inks LNG carrier charter deal with China’s Unipec

Image courtesy of NYK Line

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) signed a charter contract with China’s Unipec, the trading arm of state oil major Sinopec, for a 149,700-cbm LNG carrier.

NYK will charter the 2007-built Grace Acacia to Unipec for four-and-a-half years starting in February 2019.

Chinese LNG imports have been rising steadily as the country is pursuing its plan to cut addiction to coal to reduce pollution. The country last year overtook South Korea as the world’s second-largest LNG importer.

NYK plans to secure more LNG carrier deals with China as it is also pursuing its strategy to reach 100 owned and co-owned LNG carriers in its fleet by 2022. The shipping giant currently operates a fleet of 74 LNG vessels.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

GIE Annual Conference 2019

The French gas infrastructure operators ELENGY, GRTgaz and Storengy are looking forward to be your hosts in 2019.

read more >