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NYK and Knudsen invest in LNG carrier newbuilding pair

Nippon Yusen Kaisha (NYK) and Knudsen Group are furthering their partnership by ordering two LNG carriers.

Marcus Hand, Editor

May 27, 2014

1 Min Read
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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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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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