"K" Line

On December 16 and 17, 2025, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) organized Tour and Showcase Event (the Event) jointly with Northern Lights JV DA (Northern Lights) for the liquefied CO2 carrier NORTHERN PHOENIX (the Vessel), newly built for Northern Lights. The two-day Event was held at the Osanbashi Yokohama International Passenger Terminal.

The Vessel is the third liquefied CO2 carrier engaged in the Northern Lights project for the transport and storage of CO2 as a part of the world’s first CO2 capture and storage (CCS) project, that’s is now in operation with first CO2 safely stored 2600meters below the seabed. Approximately 150 guests, including Japanese and Norwegian officials, were invited to the Event. They participated in a guided tour of the Vessel. From “K” LINE, Yukikazu Myochin, Director and Chairperson of the Board, and Takenori Igarashi, President & CEO attended the Event. They expressed their dedication to advancing sustainable society through the Northern Lights project. Managing Director of Northen Lights, Tim Heijn, also participated during the days to share learnings on how a CCS value chain in operation can look like.

The Vessel was delivered at Dalian Shipbuilding Offshore Co., Ltd. on December 2, 2025.^*1 Like the first and second vessels, NORTHERN PIONEER^*2 and NORTHERN PATHFINDER,^*3 the Vessel will transport liquefied CO2with “K” LINE Energy Shipping (UK) Ltd., a London-based subsidiary of “K” LINE, being responsible for ship management.

“K” LINE Group is actively promoting various initiatives aimed at supporting our own decarbonization efforts and those of society, in accordance with its long-term guidelines concerning the environment, “K” LINE Environmental Vision 2050.“K” Line will leverage the knowledge gained from the operation of liquefied CO2 carriers, an area in which it is a forerunner, in future business development with the aim of realizing a sustainable society and increasing its corporate value.

*1           December 3, 2025: Delivery of Liquefied CO₂ Carrier “NORTHERN PHOENIX” to Northern Lights
https://www.kline.co.jp/en/news/liquefied_gas/liquefied_gas-20251203.html

*2           November 26, 2024: Ready for Delivery of Liquefied CO₂ Carrier “NORTHERN PIONEER” to Northern Lights
https://www.kline.co.jp/en/news/liquefied_gas/liquefied_gas-20241126.html

*3           January 30, 2025: Delivery of Liquefied CO₂ Carrier “NORTHERN PATHFINDER” to Northern Lights
https://www.kline.co.jp/en/news/liquefied_gas/liquefied_gas-20250130.html

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) recently hosted its annual Crew Family Christmas Party across multiple locations in the Philippines from November through December to express heartfelt appreciation to Filipino seafarers serving on “K” LINE Group vessels and their families.

The celebrations were held not only in the City of Manila but also in regions where many seafarers reside, drawing several hundred participants at each venue. President & CEO Takenori Igarashi, other officers from “K” LINE and members of the management teams of manning companies of the “K” LINE Group in Japan, Singapore, and London, joined the festivities, sharing joyful moments and conveying their gratitude.

During the event, President & CEO Igarashi emphasized that “the dedicated efforts of our seafarers, along with the understanding and support of their families, form the foundation that sustains the Company’s growth,” underscoring our deep gratitude.

At each venue, a Seafarers’ Recognition and Long-Service Award Ceremony was also held to honor seafarers who have contributed to safe operations over many years.

“K” LINE will continue to value its relationships with seafarers and their families to ensure safe operations and high-quality transportation services.  

— Environmental Conservation Initiative Undertaken by the “K” LINE Group —

On November 19, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and its group companies, K Marine Ship Management Pte. Ltd. (KMSM) and K LINE MARINE & ENERGY PTE. LTD. (KME) in Singapore, planted trees in Delhi, India, where a crew seminar was held.

The ceremony was conducted with the support of Hotel Radisson Blu, New Delhi, the seminar venue. Indian seafarers, onshore staff from KMSM and KME, and Akihiro Fujimaru, the Senior Managing Corporate Officer representing “K” LINE, attended the ceremony.

Different types of trees suitable for the local climate were selected for the occasion. It is expected that the trees will facilitate the conservation of biodiversity, address climate change through the absorption of CO2, and improve the landscape in the region. We plan to continue our cooperation with the Indian community, as a large number of “K” LINE’s seafarers are from India, to maintain and manage the trees planted.

“K” LINE group is promoting a variety of initiatives to support the decarbonization of its own operations and society in accordance with its long-term environmental policy, ““K” LINE Environmental Vision 2050”. The initiative should increase Group employees’ interest in the environment and facilitate their development of a full understanding of natural capital and climate change, enabling all of them to continue to work together as a team to build a sustainable future.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) held a global meeting for the dry bulk business at the company’s head office over the two-day period from November 17 to 18. Not only the members of the dry bulk team at the head office but also 22 national staff and representatives from nine major overseas offices gathered for the meeting. This was a total of about 100 people, including the overseas staff who joined online. They engaged in lively discussions during the operations and sales sessions.

At the beginning of the meeting, Senior Managing Corporate Officer Masatoshi Taguchi (responsible for Dry Bulk Carriers Unit) emphasized the importance of further strengthening the three functions that represent “K” LINE’s strengths, namely Environment & Technology,

Safety & Ship Quality Management, and Digital Transformation. He also highlighted the importance of adapting flexibly to the changing business environment, emerging needs and opportunities, while remaining the preferred choice of its customers and partners, after which everyone affirmed that they will work in unison to continue making efforts to further grow the dry bulk business and increase corporate value.

During the operations and sales sessions, participants reviewed the progress of the current medium-term management plan and assessed the achievement of key performance indicator (KPI) targets. They also discussed the development of a specific action plan that can be implemented, the improvement of return on invested capital (ROIC), and the expansion of the revenue base towards the final year.

During the meeting, the participants also reviewed the organizational and functional structure to maintain high-quality services and otherwise debated ways to enhance “K” LINE’s strengths through the concerted efforts of the Tokyo head office and overseas locations collaborating on activities, including the training of global human resources.

Going forward, “K” LINE will regularly hold global meetings and share KPIs globally, thereby improving customer-oriented service quality while also creating a sense of unity among our employees and strengthening teamwork.

Our dry bulk business will further strengthen its global business network built on diversity and aim to achieve sustainable growth and enhance corporate value by providing high value-added services that feature the advanced transportation knowhow accumulated over many years, as well as its environmental responsiveness and problem-solving capabilities.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a joint venture company *¹ held a naming ceremony for two 174,000m3 LNG vessels for QatarEnergy *² at HD Hyundai Heavy Industries Co., Ltd. on 3 December.   The first vessel was named “SHARQ” by the wife of Yukikazu Myochin, Director and Chairperson of the Board of “K” LINE. The second vessel was named “SHRA’OUH” by wife of Mr. Takaya Soga, President and Chief Executive Officer of Nippon Yusen Kabushiki Kaisha. “SHARQ” is derived from the name of an eastern city of Qatar, and “SHRA’OUH” is derived from the name of an island in Qatar.

The vessels are the seventh and eighth of a series of 12 LNG vessels that the joint venture companies have been building for QatarEnergy. “SHARQ” is the first of three vessels in this series to be managed by “K” LINE Group.

QatarEnergy is the world’s largest LNG provider and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessels are equipped with X-DF 2.1 iCER *³ which will contribute to reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation.

In its Medium-Term Management Plan published in May 2022*⁴, “K” LINE has placed LNG business as one of the top priority areas in the future investment. “K” LINE will further expand long-term contracts and accommodate growing energy demands by responding to various customers’ needs.

*1. It is sponsored by “K” Line together with Nippon Yusen Kabushiki Kaisha, China LNG Shipping (Holdings) Limited., and MISC Berhad through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd.

*2. QatarEnergy is a state energy company of Qatar.

*3. X-DF 2.1 iCER is a low speed dual-fuel engine with gas at low pressure.

*4. Medium-Term Management Plan (Released on May 9, 2022)

https://www.kline.co.jp/en/ir/management/strategy.html

Main Particulars of the Vessel

Related Release

10 August 2022: “K” LINE enters into Long-Term Time Charter with QatarEnergy for Seven Newbuilding LNG vessels

https://www.kline.co.jp/en/news/lng/lng-20220810.html

4 November 2022: “K” LINE enters into Long-Term Time Charter with QatarEnergy for Five Newbuilding LNG vessels

https://www.kline.co.jp/en/news/lng/lng-20221104.html

18 April 2025: Newbuilding LNG vessel for QatarEnergy Named “AL TUWAR”

https://www.kline.co.jp/en/news/lng/lng-20250418.html

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a joint venture company *¹ held a naming ceremony for two 174,000m3 LNG vessels for QatarEnergy *² at HD Hyundai Heavy Industries Co., Ltd. on 3 December.   The first vessel was named “SHARQ” by the wife of Yukikazu Myochin, Director and Chairperson of the Board of “K” LINE. The second vessel was named “SHRA’OUH” by wife of Mr. Takaya Soga, President and Chief Executive Officer of Nippon Yusen Kabushiki Kaisha. “SHARQ” is derived from the name of an eastern city of Qatar, and “SHRA’OUH” is derived from the name of an island in Qatar.

The vessels are the seventh and eighth of a series of 12 LNG vessels that the joint venture companies have been building for QatarEnergy. “SHARQ” is the first of three vessels in this series to be managed by “K” LINE Group.

QatarEnergy is the world’s largest LNG provider and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessels are equipped with X-DF 2.1 iCER *³ which will contribute to reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation.

In its Medium-Term Management Plan published in May 2022*⁴, “K” LINE has placed LNG business as one of the top priority areas in the future investment. “K” LINE will further expand long-term contracts and accommodate growing energy demands by responding to various customers’ needs.

*1. It is sponsored by “K” Line together with Nippon Yusen Kabushiki Kaisha, China LNG Shipping (Holdings) Limited., and MISC Berhad through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd.

*2. QatarEnergy is a state energy company of Qatar.

*3. X-DF 2.1 iCER is a low speed dual-fuel engine with gas at low pressure.

*4. Medium-Term Management Plan (Released on May 9, 2022)

https://www.kline.co.jp/en/ir/management/strategy.html

Main Particulars of the Vessel

Related Release

10 August 2022: “K” LINE enters into Long-Term Time Charter with QatarEnergy for Seven Newbuilding LNG vessels

https://www.kline.co.jp/en/news/lng/lng-20220810.html

4 November 2022: “K” LINE enters into Long-Term Time Charter with QatarEnergy for Five Newbuilding LNG vessels

https://www.kline.co.jp/en/news/lng/lng-20221104.html

18 April 2025: Newbuilding LNG vessel for QatarEnergy Named “AL TUWAR”

https://www.kline.co.jp/en/news/lng/lng-20250418.html

On December 2, 2025, the newly built liquefied CO2 carrier “NORTHERN PHOENIX” (the Vessel) was delivered to Northern Lights JV DA (Northern Lights) at Dalian Shipbuilding Offshore Co., Ltd. (DSOC)

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Northern Lights have entered into bareboat charter contracts and time charter contracts for three of the four liquefied CO2 carriers ordered by Northern Lights, including the Vessel.

The Vessel is the third liquefied CO2 carrier to be engaged by Northern Lights, which is world’s first to offer full-scale commercial transportation and storage of CO2.

Just like “NORTHERN PIONEER”,^*1 which was the first vessel delivered in November 2024, and “NORTHERN PATHFINDER”,^*2 the second vessel delivered in December 2024, the Vessel will be managed by “K” LINE ENERGY SHIPPING (UK) LIMITED based in London, the subsidiary of “K” LINE.

Going forward, the Vessel will transport liquified CO2 collected from clients outside Norway to the Northern Lights’ receiving terminal in Øygarden, western Norway. By transporting CO2 internationally, the Vessel will contribute to the expansion of the Northern Lights and the establishment of the CCS business in Europe.

The “K” LINE Group is taking different steps towards its own low-carbon and carbon-free initiatives, and that for society, in accordance with its long-term guidelines concerning the environment, “K” LINE Environmental Vision 2050. “K” Line will leverage the knowledge gained from the operation of liquefied CO2 carriers, an area in which it is a forerunner, in future business development with the aim of realizing a sustainable society and increasing its corporate value.

Vessel Particulars

Cargo tank capacity: 7.500 m³

Overall length: 130 m

Breadth: 21 m

Cargo transport conditions: Maximum pressure of 19 bar(g) and minimum temperature of -35°C

Primary fuel: LNG

Low-carbon technologies: Wind-assisted rotor sail and air lubrication

December 1,2025　

Kawasaki Kisen Kaisha, Ltd.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) proudly announces the successful participation in Techno-Ocean 2025, held in Kobe International Exhibition Hall No. 2 from November 27 to 29.

At our booth, we showcased three key initiatives — “Seawing” automated kite system utilizing wind power, offshore support vessel business, and “K-Assist Project” a technology development project related to automated ship operation through panels and videos. Over the three days, we welcomed a number of visitors.

On November 28, during the exhibitor presentation session, Mr. Hiroto Arai, General Manager of the “K” LINE Environment/Technical Strategy Group, delivered a presentation on “K” LINE’s decarbonization initiatives.

The presentation covered initiatives to support low-carbon and decarbonization for ourselves, such as fuel conversion, utilization of natural energy, and digital technologies for operational efficiency. It also introduced initiatives to supply alternative fuels such as LNG, as well as new technologies supporting society’s decarbonization, including offshore support vessel business and liquefied CO₂ transportation.

“K” LINE group is promoting a variety of initiatives to support the decarbonization of its own operations and society in accordance with its long-term environmental policy, ““K” LINE Environmental Vision 2050”. We aim to reduce environmental impact, contribute to a sustainable society and increase its corporate value.

Mitsubishi Shipbuilding Co., Ltd.

Imabari Shipbuilding Co., Ltd.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE)

Mitsui O.S.K. Lines, Ltd. (MOL)

Nippon Yusen Kabushiki Kaisha (NYK Line)

Japan Marine United Corporation (JMU)

Nihon Shipyard Co., Ltd. (NSY)

Tokyo, December 1, 2025 – Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries group, Imabari Shipbuilding Co., Ltd., “K” LINE, MOL, NYK Line, JMU, and NSY have concluded a Memorandum of Understanding (MoU) to establish a standard design framework to efficiently develop and carry out the initial design of liquefied CO2 (LCO2) carriers and next generation alternative fuel ships utilizing decarbonization technologies (such as ammonia fuel) where MILES Co., Ltd. (formerly known as MI LNG Company) as a platform will be responsible to develop and carry out initial design of the ships so that other shipyards in Japan will be able to carry out the functional and production design based on those common initial designs.

Those seven companies, through the establishment of this standard design framework, aim to collaborate with other domestic shipyards to realize the development and initial design of the ships with global competitiveness.

“K” LINE, MOL, and NYK Line have decided to invest in MILES to accelerate this cross-industry collaboration in Japan, and will work to promote construction at multiple shipyards in Japan by utilizing this standard design framework.

Furthermore, JMU and NSY have also decided to invest in MILES in order to strengthen such collaboration so that the standard specifications and designs provided by MILES can be widely used in the domestic industry, thereby regaining global competitiveness for the Japanese shipbuilding industry.

Through this MoU, the companies will aim to contribute to the further progress of a sustainable carbon neutral society.

Kawasaki Kisen Kaisha, Ltd. (“K” Line) conducted a fire drill on November 21, 2025 at Daikoku-futo C4, Yokohama Port, which is managed by Yokohama Port Corporation. TETHYS HIGHWAY,* a car carrier operated by “K” Line, was used in the drill, which was carried out jointly with the Yokohama City Fire Bureau. It was the first drill in Japan that was carried out simulating  that a fire had started in a moored vessel.

More than 100 relevant personnel participated in the drill, which was conducted simulating an emergency situation in which a fire broke out on board the vessel during cargo handling operations, one crew member was missing, and the Captain was left on board. It was a comprehensive drill that included a range of operations, including the identification of the source of the fire using aerial drones, searching for people in need of rescue, spraying water from elevated positions and fire boats, confirming evacuation routes for operators and crews, and practicing the use of the immediate notification system with relevant organizations and confirming its operational status, as well as rescuing people stranded on board a vessel.

Going forward, the “K” Line Group will continue to strengthen its cooperative system involving related parties onshore by implementing drills like this in Japan and overseas. By doing so, the “K” Line Group will maintain safety in navigation and cargo operations.

Organizations that participated in the drill :

Yokohama City Fire Bureau

Kaisho Shipping Co., Ltd.

“K” Line RoRo Bulk Ship Management Co., Ltd.

“K” Line Marine Solutions Co., Ltd.

Daito Corporation

Misuzu Machinery Co., Ltd.

Kawasaki Kisen Kaisha, Ltd.

*             News release dated July 18, 2025: LNG-fueled Car Carrier “TETHYS HIGHWAY” with a 6,900-vehicle Capacity Delivered https://www.kline.co.jp/en/news/car/car-20250718.html