K Line in 25-year contract with Mitsui & Co for Cameron LNG

Kawasaki Kisen Kaisha (K Line) has joined compatriots Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) in inking a long-term time charter contract with Mitsui & Co for the Cameron LNG project in the US.

K Line said it would be building a 178,000 cu m capacity LNG carrier at Imabari Shipbuilding for the 25-year contract. The vessel will be owned by Trinity LNG Transport a joint venture between K Line, Mitsui and Imabari.

Delivery of the vessel is expected in 2020 and it will be managed by K Line LNG Shipping (UK).

Both NYK and MOL also have contracts with Mitsui for the Cameron project and orders for two LNG carriers were placed at Mitsubishi Heavy Industries in January this year.

Posted 12 May 2015

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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