K-LNG enters into time charter contracts with BP for two LNG carriers
The joint-venture consortium of “K” Line LNG Shipping (UK) Limited (K-LNG) and Chandris (Hellas) Inc. has entered into long-term Time Charter contracts with the BP group for two LNG Carrier newbuildings, the shipping company said in a press release.
The vessels, which will have a capacity of 173,400m3, will be constructed by Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea. Delivery of the vessels is scheduled for 2018. It is expected that the vessels will primarily be engaged in the transportation of LNG from the Freeport LNG project in Texas, USA.
K-LNG said it will further develop their relationship with the BP group in the energy transportation sector and also to display its contribution to meet the increasing global demand for LNG transportation services. K-LNG will undertake ship management of the two vessels.
Formed in 1919 Kawasaki Kisen Kaisha, Ltd. ("K" Line) today is one of the largest Japanese transportation companies and the sixteenth largest container transportation and shipping company in the world, owns and / or controls large cargo ships, including dry cargo ships (bulk carriers), container ships, container terminals, liquefied natural gas carriers, ro-ro ships and tankers. The Company is headquartered in Tokyo, Japan.