The two companies which have existing joint venture Knutsen NYK (KNOT) which owns and operates shuttle tankers, have agreed to jointly invest in two two 176,000 cu m LNG carriers on a 50:50 basis.
The vessels to be built at Hyundai Heavy Industries for delivery in the second half of 2016 will be chartered to Spanish energy company Gas Natural for a period of 20 years.
NYK has a fleet of 29 LNG carriers at present. “NYK will continue its efforts for stable, economical transport of LNG, which is increasing in demand throughout the world,” the company said.
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