Top > News Releases > "K" LINE inks another charter agreement with J&S Cheniere for a new 154,200m3 LNG Carrier

September 1, 2004
Kawasaki Kisen Kaisha, Ltd.

"K" LINE inks another charter agreement with J&S Cheniere for a new 154,200mz3LNG Carrier

Kawasaki Kisen Kaisha, Ltd. ("K" Line) announced the execution of the second time charter agreement with J&S Cheniere S.A. (*) for a period up to 10 years, through an affiliated company jointly established with Shoei Kisen Kaisha, Ltd. and others. The vessel to be chartered by the affiliated company is a 154,200m3 LNG Carrier (**) to be built by Imabari Shipbuilding Co., Ltd. with delivery scheduled in 4th quarter of 2007. "K" Line group will provide the ship management services.

The 154,200m3 LNG Carrier featuring a membrane cargo containment system will be one of the largest LNG Carriers in the world. J&S Cheniere S.A., as the time charterer, will utilize the vessel to serve their LNG receiving terminals to be built in the US and other terminals to fulfill the increasing demands for worldwide LNG trading.

The global demand for LNG continues to grow rapidly, especially in Europe and the US. In response to these demands, "K" Line will step up its endeavors to further strengthen its transport capabilities and will flexibly and positively respond to the increasing and diversified global LNG shipping demands.

(*) J&S Cheniere S.A.:

J&S Cheniere was incorporated in 2003 as a joint venture between J&S and Cheniere Energy Inc., for the purpose of trading LNG worldwide. J&S Holding Limited (www.jandsgroup.com/us/main.html) is a privately-owned company, active through its various subsidiaries, predominantly in 4 segments of the world energy markets: crude oil & oil refined products, petrochemical products, liquefied natural gas and electricity. Cheniere Energy Inc. (www.cheniere.com/) is a Houston-based developer of LNG receiving terminals and a Gulf of Mexico E&P company. Cheniere Energy Inc. is developing Gulf Coast LNG receiving terminals near Sabine Pass, LA and near Corpus Christi, TX. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, Texas.

(**) Ship Particulars:

LOA Approx 289.9 m
Breadth Approx 44.7 m
Cargo tank capacity Approx 154,200m3
Builder Imabari Shipbuilding Co., Ltd.

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