Top > News Releases > "K" Line (Europe) Limited Starts Ship Management Service for Third LNG Carrier for Ras Laffan Liquefied Natural Gas Co. Ltd II

November 9, 2005
Kawasaki Kisen Kaisha, Ltd.

"K" Line (Europe) Limited Starts Ship Management Service for Third LNG Carrier
for Ras Laffan Liquefied Natural Gas Co. Ltd II

A "K" Line group company, "K" Line (Europe) Limited, started ship management service for 145,000 m3 liquefied natural gas (LNG) carrier S.S. Al Thakhira since its delivery on 19th October 2005 at Koje Shipyard of Samsung Heavy Industries Co., Ltd. Owned by a consortium comprising Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., Nippon Yusen Kabushiki Kaisha, and Qatar Shipping Company Co., she arrives at Ras Laffan for her first cargo loading today under the 25-year time charter contract as the third LNG Carrier to transport LNG for Ras Laffan Liquefied Natural Gas Co. Ltd II (RasGas II).

"K" Line group has been expanding its LNG Transportation business for which demand is increasing dramatically across the globe. In order to satisfy our customer needs all over the world without compromise, "K" Line group has accelerated to establish marketing and operating functions of LNG carriers in our overseas offices, among which S.S. Al Thakhira is the first LNG Carrier managed by such an overseas office.

Taking the first step and going on to enlarge the LNG Business, "K" Line (Europe) Limited in London has already decided to manage three LNG Carriers, including S.S. Al Thakhira, and the other two will be engaged in Norwegian Snohvit Project. We also intend to provide competitive and high-quality LNG ship management service for future LNG transportation contracts not only through Tokyo headquarters but also through our overseas offices. In so doing, "K" Line group companies outside Japan will manage around 10 LNG carriers by 2009.

RasGas II Project Third LNG Carrier

Charterer Ras Laffan Liquefied Natural Gas Co. Ltd.II (RasGas II)
Owner Peninsula LNG Transport No. 2 Ltd.
- owned by a consortium comprising Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., Nippon Yusen Kabushiki Kaisha, and Qatar Shipping Company Co. Q.S.C
Charter Period 25 years from delivery
Shipyard Samsung Heavy Industries Co., Ltd.
Ship Manager K Line (Europe) Limited

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