Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the signing of a 15-year longterm time charter contract (with an option to extend the contract up to 10 additional years) with
Mitsubishi Corporation subsidiary Diamond Gas International Pte. Ltd. (DGI) on May 12th. “K”
LINE has also concluded a shipbuilding contract with Samsung Heavy Industries Co., Ltd.
(Samsung) for a 174,000 m3 LNG carrier.
This is the first long-term time charter contract between DGI and “K” LINE involving a newly built
vessel. The plan is for this new vessel to be engaged in LNG transportation around the world
beginning in the second half of 2026. This vessel will be equipped with an ME-GA*
1 engine and achieve the reduction of environmental impact through the reduction of fuel consumption during
In the 40 years since the delivery of the first Japanese LNG carrier, Bishu Maru, in 1983, “K”
LINE has been establishing its expertise in LNG transportation and developing a worldwide
network. The signing of the new contracts is a successful result of “K” LINE’s abundant experience
supervising vessel construction, its high-quality ship management, and its ability to boast the
highest level of safety in its commercially optimized operations.
In our Medium-Term Management Plan published in May 2022,*
2 “K” LINE has positioned the
LNG business as one of its top priority areas for future investment. “K” LINE will continue to
expand its long-term contracts and accommodate the growing demand for energy by responding
to the diverse needs of its customers.