, a US LNG producer. The vessels will be built at HD Hyundai Heavy Industries Co. Ltd.
in South Korea and will be delivered from 2028. The long-term charter contracts are significant as they mark NYK's first foray into LNG carrier operations under this type of agreement with Cheniere. This partnership is expected to play a crucial role in the growing demand for LNG, particularly in Asia-Pacific regions where energy security is a major concern.
The vessels will be equipped with advanced technology that enables efficient and economical LNG transportation. 1 iCER engine, for instance, features Intelligent Control by Exhaust Recycling (iCER), which can reduce methane emissions by up to 50% and fuel consumption by up to about 3% in gas mode and about 5% in diesel mode. Additionally, the VCR system allows for variable compression ratio adjustment during engine operation, further reducing fuel consumption.
The vessels will have a 200,000 cubic meter capacity membrane-type tank that utilizes advanced insulating materials to achieve superior efficiency and economical LNG transportation. With these cutting-edge features, NYK is well-positioned to capitalize on the growing demand for LNG carriers in the Asia-Pacific region. As the energy landscape continues to evolve, partnerships like this one will be crucial in meeting the increasing need for clean and efficient energy solutions.
The vessels will set a new standard for LNG carrier operations, showcasing the latest advancements in technology and design. This partnership is expected to drive innovation and growth in the LNG industry, with NYK playing a key role in shaping the future of energy transportation.
The signing of these long-term charter contracts marks an important milestone for NYK Line and Cheniere Marketing International LLP. The vessels' advanced technology and design will enable efficient and economical LNG transportation, addressing growing demand in the Asia-Pacific region. As the energy landscape continues to evolve, partnerships like this one will be crucial in meeting the increasing need for clean and efficient energy solutions.
