NYK and Stolt-Nielsen Establish Joint Ownership and Operating Structure for Avenir LNG
Chennai:
Port Wings News Network;
Following receipt of the relevant regulatory clearances, NYK has completed the acquisition of a 50% stake in Avenir LNG Limited (Avenir LNG).
The stake was acquired from Stolt-Nielsen Gas Ltd., a wholly owned subsidiary of Stolt-Nielsen Limited (SNI), which previously held 100% ownership of Avenir LNG.
With the completion of the transaction, NYK and SNI have established a joint ownership and operating structure for Avenir LNG, a leading operator in the LNG bunkering sector with one of the World’s largest fleets of LNG bunker vessels.
The joint venture will pursue opportunities in LNG and bio-LNG bunkering, supporting the maritime industry’s transition to lower-emission fuels.
It may be noted that Stolt-Nielsen Limited and Nippon Yusen Kabushiki Kaisha in March 2026 announced that, through Stolt-Nielsen’s subsidiary Stolt-Nielsen Gas Ltd., Stolt-Nielsen has entered into a share purchase agreement to sell 50% of Avenir LNG Limited (Avenir LNG) to NYK Line. Avenir LNG was founded in 2017 and has grown into a leading player in the liquefied natural gas (LNG) bunkering sector, operating a global fleet of LNG bunker vessels.
With this partnership, Stolt-Nielsen and NYK Line will expand their future small-scale LNG and LNG bunkering opportunities through the joint venture, supporting the global transition to LNG and bio-LNG for marine fuel and other industrial applications. Following a wave of dual-fuel LNG vessel orders in recent years, LNG is rapidly being adopted as a practical and scalable fuel that enables shipping to achieve emissions reductions. This new joint venture in Avenir LNG underscores the commitment of Stolt-Nielsen and NYK Line to sustainable energy solutions for the maritime industry.
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