Kawasaki Kisen Kaisha, (K Line) has fixed a 15-year long-term LNG time charter contract with an option to extend the contract up to 10 additional years with Mitsubishi Corporation subsidiary Diamond Gas International and has signed a shipbuilding contract with Samsung Heavy Industries for a 174,000 cu m LNG carrier. The ship will deliver in the second half of 2026.
K Line’s current medium-term management plan positions LNG as one of its top priority areas for future investment.
The latest order adds to the ballooning global LNG orderbook, which now stands at approximately 50% of the extant fleet.
Tags: K Line, LNG, Shipping
Recent Posts
Initiatives for biofuel reduced import costs by Rs 91k crore: Puri
Trials for India’s first hydrogen train will soon begin
GEMA requests petroleum minister to guarantee continued existence of grain ethanol facilities
Global CO2 emissions to hit record high in 2024: Report
KR, HD KSOE, HD HHI, KSS Line, and Liberian Registry partner for ammonia bunkering guidelines
India to rely on fossil fuels until 2040: Puri
Government expands green hydrogen use with new pilot scheme
Small victory at COP-29 as nations approve new carbon market rules