“K” Line : Newbuilding LNG vessel for Qatar Energy Named “AL TUWAR”

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a joint venture company *¹ held naming ceremony for 174,000m3 LNG vessel for QatarEnergy *² at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd on 17 April.  The vessel was named “AL TUWAR” by Ms. Shi Dai, Director and President of China Merchants Group Limited. “AL TUWAR” is derived from the name of a hill in Al Wakrah, a major city in Qatar.

The vessel is the first of a series of 12 LNG vessels that the joint venture companies will build for QatarEnergy.

QatarEnergy is the world’s largest LNG producer and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessel is equipped with X-DF 2.1 iCER *³ which will contribute to reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation.

In its Medium-Term Management Plan published in May 2022*⁴, “K” LINE has placed LNG business as one of the top priority areas in the future investment. “K” LINE will further expand long-term contracts and accommodate growing energy demands by responding to various customers’ needs.

*1. It is sponsored by “K” Line together with Nippon Yusen Kabushiki Kaisha, China LNG Shipping (Holdings) Limited., and MISC Berhad through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd.

*2. QatarEnergy is a state energy company of Qatar.

*3. X-DF 2.1 iCER is a low speed dual-fuel engine with gas at low pressure.

*4. Medium-Term Management Plan (Released on May 9, 2022) https://www.kline.co.jp/en/ir/management/strategy.html

Main Particulars of the Vessel

Related Release

10 August 2022:

“K” LINE enters into Long-Term Time Charter with QatarEnergy for Seven Newbuilding LNG vessels https://www.kline.co.jp/en/news/lng/lng-20220810.html

4 November 2022:

“K” LINE enters into Long-Term Time Charter with QatarEnergy for Five Newbuilding LNG vessels https://www.kline.co.jp/en/news/lng/lng-20221104.html