en.Wedoany.com Reported - Japan's Kawasaki Kisen Kaisha (K Line) and Malaysia-based MISC have secured a time charter contract from the Northern Lights joint venture for a newly built 12,000 cubic meter LCO2 carrier.

This contract is the second order following another time charter agreement for a similarly sized LCO2 carrier signed on January 29, 2026. The two new vessels will be used for cross-border CO2 transportation within Europe.

The new vessel will serve the Oslo-based CCS joint venture (jointly owned by Equinor, TotalEnergies, and Shell) and will be built by China's Dalian Shipbuilding Offshore Marine Engineering Co., Ltd., with delivery scheduled between the second half of 2028 and the first half of 2029.

K Line previously operated three 7,500 cubic meter LCO2 carriers under Northern Lights, namely the "Northern Pioneer," "Northern Pathfinder," and "Northern Phoenix."

The Northern Lights project commenced operations in 2025 with an annual CO2 transport and storage capacity of 1.5 million tons. The project plans to expand its annual capacity to over 5 million tons starting from the second half of 2028.

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