MISC Group (MISC), a member of the Petronas Group of Companies, in partnership with Japan’s shipping company Kawasaki Kisen Kaisha (K Line), has secured a second long-term time charter party from Northern Lights JV DA on May 29, 2026, for an additional newbuild liquefied carbon dioxide (LCO₂) carrier.
The deal was confirmed by K Line, which said that the two companies have secured a time charter contract for a newly built 12,000 m3 liquefied CO2 carrier from Northern Lights JV DA (Northern Lights), a joint venture established by Equinor, Shell and TotalEnergies.
The latest award follows the first time-charter party secured on January 29, 2026.
The newly built liquefied CO2 carrier will be constructed by Dalian Shipbuilding Offshore.
As informed, the two newly built vessels will be engaged in cross-border CO2 transportation within Europe.
Zahid Osman, president and group chief executive of MISC, said “Securing this second vessel award reinforces our confidence in the long-term potential of the LCO₂ shipping segment and marks another step forward in expanding MISC’s portfolio of future-focused maritime solutions.”
K Line has been engaged the management of the operation of three 7,500 m3 liquefied CO2 carriers for Northern Lights.
K Line said that, under its partnership with MISC developed through their collaboration in the LNG carrier business, it will continue to contribute to the expansion of the business of Northern Lights in Europe.
