New LNG Vessel for Tokyo Gas Named

October 3, 2018

Today, a naming ceremony for a new LNG vessel was held at the Tsu shipyard of Japan Marine United Corporation (JMU) in Tsu city, Japan. NYK and Tokyo LNG Tanker Co. Ltd.,* a wholly owned subsidiary of Tokyo Gas Co. Ltd., have a long-term charter contract for this vessel.

At the ceremony, Takashi Uchida, president at Tokyo Gas, named the ship “Energy Glory,” and his wife cut the ceremonial rope holding the vessel in place. NYK president Tadaaki Naito was also in attendance.

Energy Glory is the third vessel to be jointly owned by NYK and Tokyo LNG Tanker (Tokyo LNG Tanker 70%; NYK 30%), and after delivery the ship will be mainly used over the next 20 years for LNG transportation from the Cove Point LNG project in the United States.

This new carrier is equipped with an SPB design** that allows for robust propulsion and reduced fuel consumption, and comes with a tri-fuel diesel electric propulsion system*** that can use low-sulfur fuel oil. The ship will thus be able to mitigate environmental burdens.

In accordance with its new medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group seeks to secure stable freight rates through long-term contracts and continue its efforts to contribute to a stable supply of LNG as an environment-friendly energy.

* Tokyo LNG Tanker Co. Ltd.
Tokyo LNG Tanker was established in 1991 as a wholly owned subsidiary of Tokyo Gas Co. Ltd. to engage in LNG transportation services for Tokyo Gas. Tokyo LNG Tanker’s business includes vessel ownership and leasing, in addition to LNG and LPG transportation. (Head office: Tokyo; President: Takashi Higo)

** SPB design
A self-supporting prismatic-shaped design developed by IHI Corporation and JMU. SPB refers to “self-supporting prismatic-shape IMO type B.” The ship will have a structural advantage in that most of the tank will be fitted inside the hull, allowing for favorable front views from the vessel’s bridge as well as reduced wind resistance.

*** A system to generate electric power from a diesel engine fueled with low-sulfur oil, heavy oil, or gas. Propulsion is conveyed to the propellers by an electric motor.

About the ship
Length Overall: 299.9 meters
Breadth: 48.90 meters
Cargo Tank Capacity: about 165,000 cubic meters
Gross Tonnage: 122,800 tons
Deadweight Tonnage: 87,000 metric tons
Builder: Japan Marine United Corporation
Flag: Japan

References
Announcement on February 28, 2014, “NYK Concludes Long-term Charter Contract for Tokyo Gas LNG Transportation,” https://www.nyk.com/english/release/3132/003204.html

NYK Line, press release