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K Line Inks Time Charter with Petronas for 2 LNG Vessels

Logistic News - Published on Mon, 17 Feb 2020

Image Source: Cloud Front
Kawasaki Kisen Kaisha Ltd announced the signing of a long-term Time Charter contract of 12 years plus 12 years Extension Option from 2022, which have been concluded with PETRONAS LNG Ltd, a subsidiary of Petroliam Nasional Berhad. “K” Line has also executed Shipbuilding contracts for 79,960m3 LNG carriers with Hudong-Zhonghua Shipbuilding (Group) Co Ltd. These are the first long-term Time Charter contracts between PETRONAS and “K” Line with new-building vessels. These two vessels will be equipped with X-DF(iSi) engine. These two newbuilding vessels will engage in transportation of LNG from Malaysia Bintulu to Shenergy (Group) Co Ltd China, from 2022.

Since the delivery of SS Bishu Maru in 1983, the first LNG carrier owned by any Japanese shipping company, “K” Line has been establishing safety/expertise on LNG transportation and developing its worldwide network over the past 37 years.

X-DF engine is dual-fuel engine which uses gas admitted at low pressure.

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Posted By : Nishith Sharma on Mon, 17 Feb 2020
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