WFW advises NYK on acquisition of 50% stake in Avenir LNG

Watson Farley & Williams (WFW) advised longstanding client Nippon Yusen Kabushiki Kaisha (NYK) on its acquisition of a 50% stake in Avenir LNG from Stolt-Nielsen Gas, a subsidiary of Stolt-Nielsen Limited. Completion of the transaction is expected at the end of Q2 2026, subject to customary approvals.

This acquisition broadens NYK and Stolt-Nielsen Gas’s opportunities in the LNG bunkering space, helping advance the global transition toward LNG and bio-LNG both as marine fuels and for other industrial uses. With the recent surge in dual fuel LNG vessel orders, LNG and LNG bunkering has developed further as a viable, scalable option for reducing emissions in the shipping sector.

Established in 1885, NYK provides safe and high-quality transportation services using its world-class fleet and global network across the container, automotive, dry bulk and energy carrier markets.

Avenir LNG was founded in 2017 and has grown into a leading player in LNG bunkering, operating a global fleet of vessels active in the sector.

Stolt-Nielsen is a leading global provider of integrated bulk-liquid logistics, storage and specialised transportation services founded in 1959.

The multi-disciplinary WFW London team that advised NYK was led by Asset Finance Partner Patrick Kirkby and Corporate Partner Christina Howard, supported by lead Senior Associate Sebastian Lello and Associate Laura Izquierdo.

Kirkby commented: "We are glad to have advised NYK on this promising strategic allegiance which reflects both companies’ dedication to advancing sustainable energy within global shipping by ensuring safe and dependable access to LNG fuel."