Northern Lights Grants Charters to K Line for Liquefied CO2 Carriers

Northern Lights has granted charters for two of its 7,500 cu m liquefied CO2 carriers to K Line, with the Japanese company responsible for three of the four newbuilds due for delivery from 2024. The fleet will transport liquefied CO2 from producers in Norway, Denmark, and the Netherlands to Northern Lights’ receiving terminal in Norway for permanent storage in an offshore reservoir. K Line is working on documentation and crew training for the new vessels, to be operated by its subsidiary in London.

Børre Jacobsen, managing director of Northern Lights, stated that the ships will transport over 400,000 tonnes of CO2 annually between customers in Northwest Europe and the company’s onshore facilities. K Line’s president and CEO, Yukikazu Myochin, expressed determination to contribute to the world’s first CCS project by Northern Lights. The chartering details for the fourth vessel in the fleet, ordered in December 2023, have yet to be announced, but Jacobsen emphasized that the recent contracts signify an increase in Northern Lights’ shipping capacity and reinforce its pioneering role in CO2 transport.

Northern Lights, owned by Equinor, Shell, and TotalEnergies with support from the Norwegian Government, is developing a CO2 storage capacity of 1.5 million tonnes per annum under the Longship project.

Source .