K-Line Plans Long-Term Joint-Venture

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Kawasaki Kisen Kaisha, Ltd. (“K” Line) has announced that a joint-venture comprising “K” Line, Mitsui & Company and Imabari Shipbuilding Company have concluded an agreement to enter into a long-term time charter contract with Mitsui for its Cameron LNG Export Project in the US.

Mitsui, through its subsidiary company in the US, 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.

By utilising the knowledge and network established for more than 30 years in the 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.

PTI earlier reported that K-Line has outlined its environmental vision for 2050, where it will work to reduce its carbon footprint to as close as it can to the zero mark.

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