“K” Line sign a Long-term Consecutive Voyage Charter for a LNG-fueled Capesize Bulk Carrier with JFE Steel Corporation

Kawasaki Kisen Kaisha (“K” LINE) has signed a long-term consecutive voyage charter with JFE Steel Corporation regarding the upcoming new built capesize bulk carrier (210,000 DWT) fueled by liquefied natural gas (LNG).

The construction of its first LNG-fueled bulk carrier will be ordered to Nihon Shipyard and the vessel is scheduled to be delivered in the first half of 2024.

The vessel is called a “next-generation vessel” coping with environmental issues. It will reduce the emissions of CO2, by 25% to 30 %, SOx by almost 100%, and NOx by around 85% with the use of LNG instead of conventional heavy fuel oil. Moreover, the vessel reaches more than 40% of CO2 emission reduction in the Energy Efficiency Design Index (EEDI) which fully aligns with the reduction target of the International Maritime Organization (IMO). “K” LINE will also install “Seawing”*2, an automated kite system utilising wind power supplied by Airseas, to increase the effects of decarbonisation.

“K” LINE has been promoting a corporative policy of ‘sustainable management’ in terms of environment, society, and economy to satisfy global needs concerning climate change and SDGs continuously now and in the future. The introduction of the next-generation vessel is one of the projects within this sustainable management approach. It will be a significant step for the company to stimulate the well-being of society as an integrated logistics company.

With “K” LINE’s Environmental Vision 2050*3, “K” LINE will flexibly and proactively listen to customer demands including environmental issues and find the best solution to contribute to the sustainable development of the society.