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
Fossil fuel capacity grows 2.44% in FY24
COSCO launches fully-electric 10,000 ton container ship service
Bergen Engines to power world’s largest hydrogen ferries
GCMD announces appointment of 2 key positions
Marathon refinery aims for 100% production capacity
Japan energy policies for increased zero-carbon power generation
Chapman Freeborn OBC to reduce carbon emissions
OTG develops programme on ammonia fuel safety