K Line signs long-term charter for LNG-fuelled capsize bulk carrier

K Line signs long-term charter for LNG-fuelled capsize bulk carrier
The capesize bulk carrier fuelled by liquified natural gas.

Kawasaki Kisen Kaisha (K Line) has signed a long-term consecutive voyage charter with JFE Steel Corporation for a new capesize bulk carrier that will be capable of reducing CO2 emissions by 25-30 per cent thanks to the use of liquified natural gas (LNG).

The next-generation 210,000 DWT vessel will reduce sulphur oxides (SOx) emissions by almost 100 per cent, and nitrogen oxides (NOx) by around 85 per cent with the use of LNG instead of conventional heavy fuel oil. The vessel also reaches more than 40 per cent of CO2 emission reduction according to the International Maritime Organization’s (IMO) Energy Efficiency Design Index (EEDI).

Furthermore, the vessel will feature Seawing, an automated kite system by Airseas that uses wind power to increase the effects of decarbonisation.

The construction of K Line’s first LNG-fuelled bulk carrier will be ordered to Nihon Shipyard and is scheduled for delivery in the first half of 2024.

K Line noted in a press statement: “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 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 us to stimulate the well-being of society as an integrated logistics company.”