LNG

Oct 23 (LNGJ) - NYK Line, the Japanese shipping company with over 700 vessels including 87 tankers and LNG carriers, has signed a deal with French energy company Total for all of its shares in the ship management company Gazocéan. “Based in Marseille, France, and responsible for the management of six LNG carriers. Gazocéan is now a wholly-owned subsidiary of NYK,” said the Japanese company. 

 “The move will strengthen NYK’s ship management system and expand the company’s LNG transportation business in France,” added NYK Line. “Before the purchase, NYK held 20 percent of Gazocéan shares and Total held 80 percent,” it explained.

French energy major Total and Japanese shipping company Mitsui Osk Lines have signed a long-term charter contract for a second large LNG bunkering vessel to be delivered from China in 2021 and deployed in the Mediterranean