NYK Line buys 50% of Avenir LNG from Stolt-Nielsen

AI Summary

NYK Line has acquired a 50% stake in Avenir LNG, a small-scale LNG and LNG bunkering subsidiary of Stolt-Nielsen, creating a joint venture focused on long-term LNG bunkering development. The deal reflects growing strategic interest in LNG as a marine fuel. This transaction positions NYK Line as a key player in the evolving LNG bunkering market.

Small-scale LNG and LNG bunkering subsidiary becomes joint venture with long-term view on LNG bunkering development.