Yokohama Receives First LNG Shipment from Gorgon

first_imgzoom The 2009-built liquefied natural gas (LNG) tanker Energy Confidence has transported the first shipment of LNG produced by the Western Australia’s Gorgon project to an LNG terminal in Yokohama City, Kanagawa Prefecture.Featuring a length of 289 meters and a width of 49 meters, the tanker arrived at the Ohgishima LNG Terminal, operated by Japan’s natural gas provider Tokyo Gas, where it unloaded some 70,000 tons of LNG.According to AIS data provided by MarineTraffic, the 75,891 dwt vessel is currently on its way back to the Australian Gorgon facility, where it is scheduled to arrive by the end of September.Tokyo Gas and energy company Chevron, the operator of Gorgon LNG, concluded a sale and purchase agreement and an agreement regarding participation in September 2009.This is the fourth delivery of LNG from projects in which Tokyo Gas has secured participation rights, following the agreement on the Darwin LNG project, the Pluto LNG project and the Queensland Curtis LNG project, according to the company.With this delivery, Tokyo Gas now receives LNG from 12 projects in five countries.last_img read more

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NYK Line Downgrades Profit Forecast

first_imgzoomImage Courtesy: Pixabay under CC0 Creative Commons license Japanese shipping company NYK Line has lowered its forecast for the interim and full year consolidated financial results.Based on the previous forecast for the interim results covering April-September 2018 period, NYK Line said its anticipated revenue was JPY 905 billion and a profit of JPY 8 billion (around USD 72 million). However, these figures have been cut to JPY 890 billion worth revenues and a profit of JPY 3 billion, down by 62.5 percent.For the full year ending March 31, 2019, the revenue has been downgraded from JPY 1.805 trillion to JPY 1.260 trillion, while the full year profit forecast was cut from JPY 29 billion to JPY 12 billion, down by 58.6 percent.NYK Line ascribed the revision to, among other things, higher than expected one-off costs related to the launch of the Ocean Network Express with K line and MOL. The JV signaled the termination of NYK Line’s liner business.In addition, the group’s airline business Nippon Cargo Airlines (NCA) temporarily suspended all of itsaircraft operations from June 17, 2018, to confirm the airworthiness of the company’s aircraft.last_img read more

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