“K” Line: Signing of a LNG-fueled Capesize Bulk Carrier with JFE Steel Corporation

Press Release: Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has signed a long-term consecutive voyage charter with JFE Steel Corporation regarding the upcoming new built capesize bulk carrier (210,000 DWT) fueled by liquified natural gas (LNG) The construction of our first LNG-fueled bulk carrier will be ordered to NIHON SHIPYARD CO., LTD. and the vessel is scheduled to be delivered in 1 st half of 2024. The vessel is called a “next-generation vessel” coping with environmental issues. It will reduce the emissions of CO2, by 25 to 30 %, SOx by almost 100%, and NOx by around 85% with the use of LNG instead of conventional heavy fuel oil. Moreover, the vessel reaches more 40% of CO2 emission reduction in the Energy Efficiency Design Index (EEDI) which fully aligns with the reduction target of the International Maritime Organization (IMO). *1 “K” LINE will also install “Seawing” *2 , an automated kite system utilizing wind power supplied by Airseas, to increase the effects of decarbonization.

“K” LINE has been promoting a corporative policy of “sustainable management” in terms of environment, society, and economy to satisfy global needs concerning climate change and SDGs continuously now and future. The introduction of the next-generation vessel is one of the projects within this sustainable management approach. It will be a significant step for us to stimulate the well-being of society as an integrated logistics company.

With “K” LINE Environmental Vision 2050*3 , “K” LINE will flexibly and proactively listen to customer demands including environmental issues and find the best solution to contribute to the sustainable development of the society.