NYK is stepping up its relationship with Japanese LPG trader and importer Astomos Energy Corp by co-owning a new VLGC.

The shipping giant said the two companies will co-own the 87,000-cbm Gas Garnet (built 2024), an LPG dual-fuel gas carrier built by Kawasaki Heavy Industries.

This is the first joint vessel partnership between the two companies since 2003, when they co-owned the Mitsubishi-built 78,900-cbm Gas Capricorn (built in 2003), which is still trading.