Avenir LNG on Tuesday (1 September) announced the completion of the transaction first announced in March, establishing Avenir LNG as a 50/50 joint venture between NYK Line and Stolt-Nielsen. The partnership brings together the global reach, expertise and capabilities of two leading maritime groups, providing an even stronger platform from which Avenir can continue to grow. “For Avenir, our focus remains clear: expanding our global LNG bunkering and small-scale LNG activities, accelerating the adoption of Bio-LNG, and helping our customers navigate the transition towards lower-carbon shipping,” the company said. “We are incredibly proud of what the Avenir team has built to date and excited about what this new partnership makes possible.” With the completion of the transaction, NYK said it has established a joint ownership and operating structure with Stolt-Nielsen for Avenir LNG, an 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,” NYK said in a separate statement.   Photo credit: Avenir LNG Published: 2 September, 2026