K Line Seals 15 Charter-Year Deal for New LNG Carrier

Photo credit: K Line / image for illustration purposes only

Kawasaki Kisen Kaisha (K Line) has sealed a 15-year long-term time charter contract with Mitsubishi Corporation subsidiary Diamond Gas International on Friday. The deal comes with an option to extend the contract up to ten additional years.

This is the first long-term time charter deal between the two parties involving a newly built vessel. The vessel will be engaged in LNG transportation around the world beginning in the second half of 2026.

The company has also signed a shipbuilding contract with Samsung Heavy Industries for a 174,000 m3 LNG carrier.

K Line considers the LNG market as one of its top priority areas for future investments, and therefore in the last 40 years since the delivery of the first Japanese LNG carrier, Bishu Maru, in 1983, has been establishing its expertise in LNG transportation.   

“K Line will continue to expand its long-term contracts and accommodate the growing demand for energy by responding to the diverse needs of its customers,” says the company in its release, adding that the new vessel will be equipped with ME-GA engine and achieve reduction of fuel consumption during operation.

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.