Asia LNG Transport Sdn. Bhd. (ALT), a joint venture between Japan’s NYK Line and Malaysia-based MISC Berhad, has signed a long-term time-charter contract with Malaysia LNG Sdn. Bhd. (MLNG) for a newly built liquefied natural gas (LNG) carrier.
The vessel will be constructed by China’s Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., with delivery scheduled for 2028. Following delivery, the LNG carrier will be deployed to transport LNG to Japan, supporting the country’s energy supply requirements.
Representatives from MLNG, MISC and NYK attended the contract-signing ceremony held in Tokyo on October 9, reaffirming their commitment to close cooperation to ensure the safe and successful execution of the project.
The agreement highlights continued collaboration among Japanese and Malaysian energy and shipping companies to strengthen LNG transportation capacity and support long-term energy security.
For the NYK Group, the contract aligns with its medium-term management plan, Sail Green, Drive Transformations 2026, which focuses on strengthening existing core businesses while investing in new growth areas.
NYK has identified LNG and liquefied petroleum gas (LPG) carrier operations as key growth segments within its Energy Business Division. The company plans to build on its experience, technical expertise and global networks in LNG vessel ownership and management to support reliable energy transportation.
The new charter is expected to further strengthen cooperation between the companies while contributing to the stable supply of energy to Japan.