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Home Ocean Freight Jointly Owned LNG Vessel Named

Jointly Owned LNG Vessel Named

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On 16 December, NYK, CPC Corporation, Taiwan (CPC), and Mitsui & Co. Ltd. held a naming ceremony for jointly owned LNG vessel being built at the Sakaide shipyard of Kawasaki Shipbuilding Corporation.

Shao-Hua Chu, the president of CPC, attended the ceremony, and his wife Mei-Lan Hsu named the vessel TAITAR No. 2 before cutting the ceremonial rope holding the vessels in place. Masatoshi Terasaki, Chairman of the Board and Representative Director of Kawasaki Shipbuilding Corporation, Tomokazu Taniguchi, President and Representative Director of Kawasaki Shipbuilding Corporation, Masayoshi Komai, Executive Managing Officer of Mitsui & Co. Ltd., and Yasushi Yamawaki, Executive Vice-Chairman of NYK, were also in attendance.
 

TAITAR No. 2 is jointly owned by CPC (45%), NYK (27.5%), and Mitsui (27.5%), and is one of four sister ships andwill be completed on 29 December 2009. One of the sister ships, TAITAR No.1, was completed in October, 2009. The four sister ships will be deployed for shipment of about three million tons of LNG from Qatar to Taiwan under long-term contracts of 23 to 24 years each.
 
Demand for clean-energy LNG has been increasing in response to environmental concerns, and NYK continues to provide services that meet the expanding demand for stable, economical transportation of LNG.

 

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