K Line orders LNG carrier

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 the year.

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.

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