Gas
Malaysia LNG secures long-term vessel charter from NYK and MISC joint venture
A joint venture between NYK and MISC has signed a long-term charter contract for an LNG carrier to serve Malaysia LNG.
Key points
- Hudong-Zhonghua Shipbuilding will construct the vessel in China for delivery in 2028.
- The carrier will transport liquefied natural gas to Japan following its delivery.
- Representatives from Malaysia LNG, MISC, and NYK finalized the agreement in Tokyo.
Agreement details
According to LNG Industry, a joint venture involving Nippon Yusen Kabushiki Kaisha and MISC Berhad has finalized a long-term charter agreement with Malaysia LNG. Representatives from the participating companies gathered in Tokyo on 9 October 2026 to formalize the arrangement and participate in a signing ceremony.
Under the terms of the project, Hudong-Zhonghua Shipbuilding will construct the designated carrier at its shipyards in China. Scheduled completion and delivery of the vessel are anticipated in 2028.
Operational deployment
Upon delivery, the newly built vessel will be assigned to transport liquefied natural gas destined for markets in Japan. Participating executives expressed their commitment to maintaining safe and steady execution throughout the duration of the project.
Commenting on the finalization of the contract, Hironobu Watanabe, senior managing executive officer at NYK, stated that the partnership aims to deliver reliable transport services that support a stable energy supply for Japan, as reported by LNG Industry.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
36.2% of electricity in Malaysia came from gas in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
