NYK/MISC Joint Venture Signs Long-Term Charter Contract with Malaysia LNG Contributing to Stable Energy Supply Through LNG Transportation to Japan

Asia LNG Transport Sdn. Bhd., a joint venture between NYK and Malaysian shipping company MISC Berhad, has entered into a long-term time-charter contract with Malaysia LNG Sdn. Bhd. for a newly built liquefied natural gas (LNG) carrier. The vessel, which will be constructed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China, is set to be delivered in 2028.

Following its arrival, the LNG carrier will be utilized for transportation services to Japan. The signing of the contract took place at a ceremony in Tokyo on October 9, attended by representatives from MLNG, MISC, and NYK. All parties expressed their commitment to working together closely to ensure the safe and steady execution of the project.

Hironobu Watanabe, Senior Managing Executive Officer of NYK, expressed satisfaction with the agreement, stating that the collaboration with MLNG, MISC, and other partners would help provide safe and reliable LNG transportation services to contribute to the stable supply of energy in Japan. NYK's medium-term management plan, "Sail Green, Drive Transformations 2026," focuses on expanding its core businesses and investing in new growth areas.

Within its Energy Business Division, NYK has intensified efforts in the LNG/LPG carrier business, recognizing it as a growth sector. The company aims to leverage its extensive experience, expertise, and networks, established as one of the world's leading LNG carrier owning and management companies, to ensure a stable energy supply.