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MHI NAMES NEW LPG TANKER FOR NYK GROUP

Saturday, December 15, 2018 

Mitsubishi Shipbuilding's Koyagi Shipyard in Nagasaki recently held a naming ceremony for a new VLGC (very large gas carrier) built for NYK.

The 83,000m3 ship, named Laurel Prime, will be operated by NYK Line under a long-term charter agreemet with Astomos Energy Corporation. Astomos says it expects growth in the LPG business to continue as gas fields are developed and refineries opened in the Middle East, US, Canada and Australia.

NYK has traditionally given LPG carriers two-word names beginning with letters ‘L’ and ‘P’ respectively. The name Laurel Prime was chosen because laurel is an emblem of victory.

Astomos plays an important role in the LPG business field, which is expected to continue to grow as progress is made in oil refineries and gas field development in the Middle East, the United States, the west coast of Canada, and Australia.

NYK says that it is continuing to expand its LPG fleet and maintain its close relationship with Astomos. NYK's medium-term plan Staying Ahead 2022 with Digitalization and Green, seeks to secure stable freight rates through long-term contracts and to encourage creative solutions in stable and economical LPG transport.

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