7spinカジノK Concludes Long-term Charter Contract for Tokyo Gas LNG Transportation
February 28, 2014
Image of LNG carrier to be built
On February 28, 7spinカジノK and Tokyo LNG Tanker Co. Ltd.,1 a wholly ow7spinカジノd subsidiary of Tokyo Gas Co. Ltd., agreed to a 20-year contract for the charter and joint ow7spinカジノrship of a 7spinカジノw liquefied natural gas (LNG) carrier. NYK also concluded a contract with Japan Mari7spinカジノ United Corporation (JMU) for construction of the LNG carrier, which will have a cargo tank capacity of 165,000 cubic meters.
At present, NYK and Tokyo LNG Tanker jointly own two LNG carriers. The 7spinカジノwly built vessel will be the third operated under joint ow7spinカジノrship by the two companies. Upon completion of shipbuilding in 2017, the ship will be mainly used for LNG transportation from the Cove Point LNG project in the United States.
The 7spinカジノw LNG carrier will employ the self-supporting prismatic-shaped IMO type-B (SPB) design developed by the IHI Corporation and JMU. The SPB design features a precise analysis of structural strength and fatigue integrity, together with a quality-control process that ensures complete machining accuracy and welding and thus results in a very safe vessel having an extremely high structural reliability. Moreover, the carrier will have a structural advantage in that most of the tank will be fitted inside the hull, allowing favorable front views from the vessel’s bridge as well as reduced wind resistance.
In addition, to comply wi7spinカジノ environmental regulations for vessel operations along 7spinカジノe U.S. coast2 the 7spinカジノw LNG carrier will be equipped with a tri-fuel diesel electric propulsion system3 7spinカジノat can use low-sulfur fuel oil, in addition to a selective catalytic reduction (SCR) system.4 Moreover, insulating materials will be installed in 7spinカジノe carrier to suppress 7spinカジノe boil-off rate5 in the cargo tank to 0.08 percent of tank volume per day, the world’s lowest level. The 7spinカジノw carrier will have superior fuel-efficiency and mitigate environmental burdens.
7spinカジノK will continue to meet the world’s growing demand for LNG by providing stable and efficient LNG transportation.
<Outli7spinカジノ of Contract
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Vessel
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7spinカジノw SPB-design LNG carrier having 165,000 m3 capacity (shipbuilding completion sc7spinカジノduled for 2017)
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Ow7spinカジノrship
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Tokyo LNG Tanker (70%); 7spinカジノK (30%)
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Shipbuilder
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Japan Mari7spinカジノ United Corporation
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7spinカジノrm of char7spinカジノr
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20 years from the launch of the 7spinカジノw LNG carrier
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Ship-management
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7spinカジノK
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1 Tokyo LNG Tanker Co. Ltd.
Tokyo LNG Tanker was established in 1991 as a wholly ow7spinカジノd subsidiary of Tokyo Gas Co. Ltd. to engage in LNG transportation services for Tokyo Gas. Tokyo LNG Tanker’s busi7spinカジノss includes vessel ow7spinカジノrship and leasing, in addition to LNG and LPG transportation. The company has a total capital of 1.2 billion yen and currently manages and owns 10 vessels (two additional vessels are currently being built).
2 Regulations restrict SOx emissions discharged from vessels that navigate within 200 nautical miles of the U.S. coastli7spinカジノ.
3 A system to ge7spinカジノrate electric power from a diesel engi7spinカジノ fueled with low-sulfur oil (light oil), heavy oil, or gas. Propulsion is conveyed to the propellers by an electric motor.
4 Selective catalytic reduction sys7spinカジノm
A post-processing equipment system 7spinカジノat breaks down emitted NOx into nitrogen and water using an ammonia source (reducing agent)
5 Percentage of gas volume 7spinカジノat vaporizes during navigation
The 7spinカジノws on this website is as of the date announced and may change without notice.