Top > News Releases > “K” Line Enters Long-Term Time Charter to Serve Mitsui & Co., Ltd.

May 12, 2015
Kawasaki Kisen Kaisha, Ltd.

“K” Line Enters Long-Term Time Charter to Serve Mitsui & Co., Ltd.

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce that a joint venture comprising “K” Line, Mitsui & Co., Ltd. (Mitsui, Head Office: Tokyo, President: Tatsuo Yasunaga) and Imabari Shipbuilding Co., Ltd. (Imabari, Head Office: Imabari, President: Yukito Higaki) has concluded the agreement to enter into a long-term Time Charter contract with Mitsui for its Cameron LNG Export Project in the U.S.A..

Mitsui, through its subsidiary company in the U.S.A., is participating in this project and will be off taking the LNG once the production starts.

The vessel to serve the project will be built in Imabari and equipped with an electronically- controlled dual fuel gas injection diesel engine (ME-GI).

By utilizing the knowledge and network established for more than 30 years in LNG transport business, “K” Line is achieving consistent growth and corporate value improvement which is incorporated as part of the “K” Line Group’s new medium-term management plan “ Value for our Next Century.”


Outline of the contract:

 Date of Contract

  May 11, 2015

 Charterer

  Mitsui

 Owner 

  Trinity LNG Transport S.A.

  (A joint venture of “K” Line, Mitsui and Imabari)

 
Term of Contract

  Maximum 25 years after delivery

 Vessel

   Membrane type LNG Carrier (Capacity: 178,000 m3)

 Propulsion 

  Electronically-controlled dual fuel gas injection diesel engine (ME-GI)

 Builder

  Imabari

 Delivery

  2020 (scheduled)

 Ship Manager

  "K" Line LNG Shipping (UK) Limited (planned)

 

PDF

To read the PDF files, you need Adobe Reader installed on your computer.
If you do not have it, you can get it here.

pagetop