NYK: New LNG Vessel for Tokyo Gas named

October 09 2018 Print This Article

A naming ceremony for a new LNG vessel was held at the Tsu shipyard of Japan Marine United Corporation (JMU) in Tsu city, Japan. NYK and Tokyo LNG Tanker Co. Ltd., a wholly owned subsidiary of Tokyo Gas Co. Ltd., have a long-term charter contract for this vessel.

At the ceremony, Takashi Uchida, president at Tokyo Gas, named the ship “Energy Glory,” and his wife cut the ceremonial rope holding the vessel in place. NYK president Tadaaki Naito was also in attendance.

Energy Glory is the third vessel to be jointly owned by NYK and Tokyo LNG Tanker (Tokyo LNG Tanker 70%; NYK 30%), and after delivery the ship will be mainly used over the next 20 years for LNG transportation from the Cove Point LNG project in the United States.

This new carrier is equipped with an SPB design that allows for robust propulsion and reduced fuel consumption, and comes with a tri-fuel diesel electric propulsion system that can use low-sulfur fuel oil. The ship will thus be able to mitigate environmental burdens.

In accordance with its new medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group seeks to secure stable freight rates through long-term contracts and continue its efforts to contribute to a stable supply of LNG as an environment-friendly energy.