Kawasaki Kisen Kaisha (K Line) has signed a long-term time charter contract with India’s GAIL for a 174,000 cu m newbuild LNG carrier that will be built at Samsung Heavy Industries and deliver in 2027.
K Line has positioned its LNG business as one of its top priority areas for future investment in its latest medium-term business plan, which also seeks out future growth markets in Asia as a target.
GAIL currently has four LNG vessels, GAIL Bhuwan, GAIL Urja, Grace Emilia and Maran Gas Pericles, with two more set to join the fleet next year.
