NYK (a Shipping Australia member) has concluded a long-term consecutive voyage charter (CVC) contract with JFE Steel Corporation for a new large bulk carrier that uses LNG (liquefied natural gas) as its main fuel, Shipping Australia reports.
This vessel will be the first LNG-fueled capesize bulk carrier to be built by NYK. The ship will be delivered in early 2024 and will be used in the Pacific trade of iron ore and coal for JFE.
