NYK Signs LNG Charter Deal with Total

NYK Line has signed a contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.

The contract calls for TGPCL to charter from NYK a newly built liquefied natural gas (LNG) carrier for seven years, with an optional extension period of one year. The new vessel will be built by Samsung Heavy Industries Co. Ltd. in Korea and is due to be delivered in 2021.

The LNG carrier will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e., X-DF diesel engine) that has superior fuel-consumption efficiency and can operate on marine gas oil or boil off gas stored in the cargo tank.

The cargo tank will be a 174,000 cubic meter capacity membrane-type tank that will make use of advanced insulating materials to suppress the boil-off rate (percentage of gas volume that vaporizes during navigation) in the cargo tank. In addition, the new carrier will realize superior efficiency and economical LNG transportation through use of a re-liquefaction system that can use surplus boil-off gas effectively.

NYK will continue to provide flexible and optimal LNG transport options that meet customers’ diversifying needs, and continue the company’s efforts to contribute to a stable supply of LNG as an environment-friendly energy.

TGPCL is a wholly owned subsidiary of Total responsible for transporting LNG, petcoke and sulphur for the Total Group.

The tank is made by Gaztransport & Technigaz (GTT) — i.e., the GTT Mark III flex cargo containment system — that has insulating materials to suppress the boil-off rate.