“K” LINE Enters Into Long-Term Time Charter With QatarEnergy

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Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the execution of seven longterm Time Charter contracts through joint venture companies with QatarEnergy, reports a short press release published on their website.

About the contracts

The joint venture companies have concurrently executed Shipbuilding contracts for 174,000m3 LNG carriers with Hyundai Heavy Industries Co., Ltd. QatarEnergy is one of the world’s largest LNG producers and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessels will be equipped with X-DF 2.1 iCER (Note 3) and Air Lubrication
System which will contribute to reduction of GHG emissions and realize the ease of
environmental impact by lower fuel consumption in operation.

Since the delivery of “Bishu Maru” in 1983 as the first Japanese LNG carrier, “K” Line has
been establishing expertise on LNG transportation and developing its worldwide network for
nearly 40 years.

“K” LINE and QatarEnergy have had long-term relationship through several existing projects. The new contracts have been executed as a successful result of supervision of vessel’s construction with abundant experience, the high-quality ship management, and the highest level of safe and commercially optimized operation.

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Source: K Line

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