“K” LINE and Northern Lights JV DA signed long term contracts for two Liquefied CO2 Carriers

February 14, 2023

From left, Juan Charier, Operations & Logistics Director, Northern Lights Børre Jacobsen, Managing Director, Northern Lights Satoshi Kanamori, Executive Officer, “K” LINE Akira Misaki, Managing Director, “K” LINE Holding (Europe)

The signing ceremony for bare boat charter and time charter contracts for two 7,500m3 liquefied CO2 ships between Kawasaki Kisen Kaisha, and Northern Lights JV DA was held in Stavanger, Norway on 10^th February 2023. Both companies shared the recognition that CCS is an essential infrastructure in reaching the world’s climate goals and agreed to develop cross-border CO2 transport and storage network and provide safety, reliable and flexible liquefied CO2 shipping solution with both companies’ expertise.

The ships will be delivered in 2024 and will contribute to the world’s first full-scale carbon capture and storage (CCS) value chain. The London-based subsidiary “K” LINE LNG Shipping (UK) Ltd. will undertake the management of two ships transporting liquefied CO2 from industrial emitters, including the Norcem Brevik and Hafslund Oslo Celsio carbon capture facilities, to the Northern Lights CO2 receiving terminal in Øygarden, Norway.