May 12, 2015
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) |