LNG

Dec 11 (LNGJ) - NYK Line, the Japanese shipping company, said it signed long-term contracts with a subsidiary of Mitsubishi Corp. to charter three LNG carrier newbuilds for North American deliveries. The vessels will be chartered to Singapore-based Mitsubishi fuel subsidiary, Diamond Gas International. NYK previously concluded long-term time-charter deals for three new LNG vessels to ship cargoes from the Cameron LNG plant in the US and these new contracts bring the total to six carriers. NYK said it would be responsible for management of three of the vessels with 174,000 cubic metres capacity ordered from South Korean shipbuilder, Hyundai Samho Heavy Industries. The first LNG carrier, scheduled to be delivered in 2020 will transport LNG from the Cameron plant in Louisiana. The other two vessels are scheduled to be delivered in 2021 and will ship LNG from the Royal Dutch Shell-led LNG Canada project in British Columbia.