Japan's Biggest Shipping Firm to Add More LNG Tankers

Thursday, September 22, 2005
Nippon Yusen KK, Japan's biggest shipping company, has upwardly revised its plan to expand its fleet of liquefied natural gas (LNG) tankers, a major Japanese financial paper reported Wednesday. Nippon Yusen's initial business plan called for it to either own or have invested in the construction of about 60 such tankers by fiscal 2010. It has now raised that figure to roughly 80-100 tankers, the Nikkei Shimbun said. As the US and other countries are expected to dramatically increase their LNG import volumes, foreign tanker transport firms are scrambling to keep pace. By increasing its fleet, the firm aims to ship more of the fuel, according to the report. Because building an LNG tanker is costly, running about JPY 20-30 billion (USD 180-270 million) each, more shipping companies and LNG development firms are jointly investing in their construction. At present, Nippon Yusen has stakes in 33 LNG tankers and the firm has upgraded its plan to raise this number to 80 in fiscal 2010. The Tokyo-based shipping firm may raise the number to about 100 tankers around 2010, depending on orders. Source Kuwait News Agency
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Hybrid Power for Workboats: The Future is Now

Hybrid marine power and propulsion systems for workboats isn’t farfetched. In fact, it may be essential.   In 2015, two significant developments are going to make many operators,

USCG Monitors LNG Carrier Repair in Alaska

The U.S. Coast Guard (USCG) is monitoring repairs aboard the liquid natural gas (LNG) carrier Excel in Homer, Alaska.    The vessel was received an order from

LNG Tanker Due in UK Around May 6

Britain's Isle of Grain liquefied natural gas (LNG) import terminal is set to receive the GDF Suez Point Fortin tanker on around May 6, live ship-tracking data on Reuters Eikon shows.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2307 sec (4 req/sec)