Kawasaki Kisen Kaisha, Ltd. (K LINE) has announced the execution of a long-term time charter contract through the ship-owning company established in Singapore with GAIL (India) Limited (GAIL)*1 and signing ceremony was held in India. The ship-owning company 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 GAILand “K” LINE involving a newly built vessel. The plan is for this new vessel to be engaged in LNG transportation for GAIL beginning in 2027.
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.
Vessel Specifications:
| Shipyard | Samsung Heavy Industries Co., Ltd. |
| Delivery | 2027 |
| LOA | Approx. 290 m |
| Beam | 45.8 m |
| Tank Capacity | 174,000 m3 |
| Propulsion System | 2-Stroke |
| Speed | 19.5 knots |