Stolt-Nielsen brings NYK into Avenir LNG venture

AI Summary

Stolt-Nielsen has agreed to sell a 50% stake in LNG bunkering specialist Avenir LNG to Japan's Nippon Yusen Kaisha (NYK), creating a joint venture focused on small-scale LNG supply. The deal, executed through Stolt-Nielsen Gas, will see the two shipping giants jointly develop Avenir LNG's bunkering and supply operations. This transaction marks a significant consolidation in the LNG bunkering sector.

Oslo-listed shipping and logistics group Stolt-Nielsen Limited has agreed to sell a 50% stake in LNG bunkering specialist Avenir LNG to Japan’s Nippon Yusen Kaisha, forming a new joint venture focused on small-scale LNG supply. The deal, struck through Stolt-Nielsen’s subsidiary Stolt-Nielsen Gas, will see the two shipping groups jointly develop Avenir LNG’s bunkering and …