MISC Group and Kawasaki Kisen Kaisha Ltd. (K LINE) have secured a second long-term time charter contract from Northern Lights JV DA for a newbuild liquefied carbon dioxide (LCO2) carrier.
The award, secured on 29 May 2026, follows a similar contract announced in January and will see the joint venture provide an additional purpose-built 12,000 cubic metre LCO2 carrier to Northern Lights.
The vessel will transport captured and liquefied CO2 from industrial sites across Europe to permanent offshore storage facilities in Norway, supporting the next phase of Northern Lights’ CCS network expansion.
The latest charter will increase the capacity of Northern Lights’ CO2 shipping fleet and help accommodate growing demand for carbon transportation services as CCS projects gain momentum across Europe.
The newbuild will be jointly owned through the existing MISC-K LINE partnership and is expected to feature dual-fuel LNG propulsion.
According to the companies, the design will support regulatory compliance and decarbonisation objectives while maintaining operational flexibility.
READ: MISC strengthens LNG fleet with newbuilds
Zahid Osman, President and Group CEO of MISC, said: “Securing this second vessel award reinforces our confidence in the long-term potential of the LCO2 shipping segment and marks another step forward in expanding MISC’s portfolio of future-focused maritime solutions.
“This project will strengthen our position in an emerging market by developing the capabilities, expertise and strategic partnerships needed to support the evolving carbon management value chain. It also advances MISC’s Delivering Progress strategy, particularly our Profitable New Energy pillar, where we are strengthening the foundation for us to build the expertise and capabilities to deliver transition-enabling maritime solutions while supporting our customers’ ambitions for a lower-carbon future.Together with our partners, we remain committed to strengthening the infrastructure and capabilities required to support the growth of CCS and advance the broader energy transition.”
The latest charter underlines the growing role of shipping in the carbon management value chain as CCS projects move from demonstration phase towards commercial deployment.
For more information:
MISC – https://www.miscgroup.com/
