The Signing Ceremony of Long-Term Contracts for Two Liquefied CO2 Carriers between “K” LINE and Northern Lights JV DA
The signing ceremony for bare boat charter and time charter contracts for two 7,500m3 liquefied CO2 ships between Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Northern Lights JV DA was held in Stavanger, Norway on 10th 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.
“K” LINE has a long history of creating innovative shipping solutions. Together with their ability to overcome changing business conditions and working to ensure safe and reliable operations, this will be key for making this groundbreaking and pathfinding collaboration a success!”, said Børre Jacobsen, Managing Director of Northern Lights.
“Northern Lights plays the key role of “Longship project” for the decarbonization of European industry. “K” Line Group is determined to work together to conduct safe and highly reliable shipping operations”, said Satoshi Kanamori, Executive Officer of “K” LINE.
Source: Kawasaki Kisen Kaisha