In 2005, “K” Line and its Indonesian consortium partner, P.T. Meratus Line, were successfully awarded Time Charter Contracts for three vessels in a bidding process to procure seven LNG carriers by the TANGGUH LNG, with “TANGGUH FOJA” having the honor of being the first one of the seven. These newly-built vessels incorporate the most modern Dual Fuel Diesel Electric (DFDE) Engines, thereby achieving better fuel efficiency together with greater environmental benefits.
The name of “FOJA” together with “TANGGUH JAYA” that will be our second vessel originate from the name of mountains in Papua, Indonesia where LNG Plant for the TANGGUH LNG is located, while the name of “TANGGUH PALUNG” for our third vessel comes from the mountain in Kalimantan where the first LNG plant in Indonesia was established. “TANGGUH JAYA” and “TANGGUH PALUNG” are scheduled for delivery at the end of this year and first quarter of 2009, respectively. “K” Line is committed to maximizing the utilization of Indonesian crew onboard those 3 TANGGUH vessels.