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Revealed by Jessica Casey,
Deputy Editor
LNG Business,
Kawasaki Kisen Kaisha, Ltd (‘Ok’ LINE) has introduced the signing of a 15-year long-term time constitution contract (with an choice to increase the contract as much as 10 further years) with Mitsubishi Company subsidiary, Diamond Gasoline Worldwide Pte. Ltd (DGI) on 12 Might 2023. ‘Ok’ LINE has additionally concluded a shipbuilding contract with Samsung Heavy Industries Co., Ltd for a 174 000 m3 LNG service.
That is the primary long-term time constitution contract between DGI and ‘Ok’ LINE involving a newly constructed vessel. The plan is for this new vessel to be engaged in LNG transportation around the globe starting in 2H26. This vessel can be geared up with an ME-GA 1 engine and obtain the discount of environmental influence by the discount of gasoline consumption throughout operation.
Within the 40 years for the reason that supply of the primary Japanese LNG service, Bishu Maru, in 1983, ‘Ok’ LINE has been establishing its experience in LNG transportation and creating a worldwide community. The signing of the brand new contracts is a profitable results of ‘Ok’ LINE’s expertise supervising vessel building, its high-quality ship administration, and its means to boast the best degree of security in its commercially optimised operations.
In its Medium-Time period Administration Plan printed in Might 2022, “Ok” LINE has positioned the LNG enterprise as considered one of its prime precedence areas for future funding. The corporate will proceed to increase its long-term contracts and accommodate the rising demand for power by responding to the various wants of its clients.
Learn the article on-line at: https://www.lngindustry.com/lng-shipping/24052023/k-line-concludes-time-charter-agreement-with-diamond-gas-international-for-lng-vessel/
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