NYK, EnBW ink charter deal for LNG carrier quartet
NYK, EnBW ink charter deal for LNG carrier quartet - Offshore Energy
NYK, EnBW ink charter deal for LNG carrier quartet
Japanese shipping company NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Wuerttemberg (EnBW), a major German energy company.
These four vessels will be built at HD Hyundai Heavy Industries Co. in South Korea and will be completed in sequence during 2027. The ships will measure 289.9 meters in length, with a breadth of 46.1 meters.
The 174,000 cubic meter capacity membrane-type tanks will be made of advanced insulating materials that reduce the vaporization rate. The inside of the tank is covered with a nickel-steel or a stainless-steel membrane to maintain low temperatures and absorb gas expansion.
They will be propelled by fuel-efficient dual-fuel slow-speed two-stroke marine engines. fuel oil and boil-off gas (LNG vaporized in cargo tanks during navigation) can be used.
The LNG carriers will also feature a shaft generator and air lubrication system (ALS), making the ships more environmentally friendly than conventional LNG carriers, according to NYK.
“This conclusion is of great significance for further promoting the NYK Group’s ESG management. We will continue to provide EnBW with reliable LNG transportation services under our strong partnership, contributing to energy transitions around the world,” Yasuyuki Inami, Executive Officer, NYK Energy Division.
Recently, low and zero-emission fuels supplier Titan has completed gas-up and cool-down service for an LNG carrier owned by NYK Line. The vessel was built in 2021 by Hyundai Samho Heavy Industries Co. and it has a total capacity of 174,000 cubic metres.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
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- Investment in carbon capture and storage technologies is increasingly rapidly.
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On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”