Stolt-Nielsen and NYK Line form strategic joint venture in Avenir LNG

Core Viewpoint - Stolt-Nielsen Limited has entered into a share purchase agreement to sell 50% of Avenir LNG Limited to Nippon Yusen Kabushiki Kaisha (NYK Line), enhancing their partnership and expanding opportunities in the LNG bunkering sector [1][2]. Group 1: Company Overview - Stolt-Nielsen Limited is a long-term investor and manager focused on logistics, distribution, and aquaculture, with a portfolio that includes Stolt Tankers, Stolthaven Terminals, and Stolt Tank Containers [4]. - Nippon Yusen Kabushiki Kaisha (NYK Line) is a global logistics company established in 1885, specializing in various forms of marine transportation and actively entering decarbonisation business areas [5]. - Avenir LNG Limited, founded in 2017, is a leading independent operator of small-scale LNG carriers and bunker vessels, playing a crucial role in the global energy transition [6]. Group 2: Joint Venture Details - The joint venture between Stolt-Nielsen and NYK Line aims to support the transition to LNG and bio-LNG for marine fuel and industrial applications, reflecting a commitment to sustainable energy solutions [2][3]. - The partnership is expected to leverage NYK's shipping and logistics experience to enhance Avenir LNG's market position and value for customers and shareholders [3]. - Completion of the transaction is anticipated in mid-2026, pending customary regulatory approvals [3].