On Friday, Ocean Yield announced that Cheniere Marketing International has exercised the option to increase the number of vessels on “substantially similar terms” following an announcement in December 2025.
The optional vessels will be built in South Korea for deliveries in 2029.
Closing of the investment remains subject to certain customary conditions, it said.
Ocean Yield did not provide further details, but based on its previous announcement, Cheniere will take on charter four more LNG carriers.
In December 2025, Ocean Yield announced that it had agreed to co-invest alongside NYK in four LNG carriers.
Ocean Yield said the vessels are scheduled for delivery in 2028 and 2029.
Upon delivery, each vessel will commence long-term time charters to an “investment grade-rated major energy company,” Ocean Yield said at the time.
In addition, the charterer was granted options that may increase the investment to eight vessels, Ocean Yield said.
200,000 cbm
NYK recently announced that, in partnership with Ocean Yield, it had signed multiple long-term charter contracts for new LNG carriers with Cheniere.
However, the Japanese firm did not provide the number of vessels.
It said that South Korea’s HD Hyundai Heavy Industries will build the LNG carriers and deliver them from 2028.
The vessels will be the first LNG carriers NYK has chartered under a long-term time charter contract with Cheniere.
Moreover, NYK said the 294.8-meter-long vessels will feature a next-generation X-DF2.1 iCER, VCR system, dual-fuel, low-speed diesel engine that uses fuel oil and boil-off gas for the main engine, and a reliquefaction system that can use surplus boil-off gas effectively.
The vessels will have a 200,000 cbm capacity membrane-type tank equipped with GTT’s Mark III Flex+ system, it said.
In January, HD Hyundai Heavy Industries won a contract to build four LNG carriers worth approximately $1.04 billion.
HD Korea Shipbuilding & Offshore Engineering said its unit, HD Hyundai Heavy, will build four 200,000-cbm LNG tankers for an owner in the Americas and deliver them by March 2029.
Shipbuilding sources said at the time that this order is most likely from NYK and Ocean Yield, while the charterer is Cheniere.
