Petronas LNG inks 12-yr contract with Japan's 'K' Line

Signatories and witnesses from Petronas LNG, "K" Line and Hudong-Zhonghua Shipbuilding following the time charter party and shipbuilding contract signing ceremony. The ceremony was held at the Malaysian Petroleum Club, PETRONAS Twin Towers​.

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) recently signed a 12-year time charter party (TCP) with Japanese shipowner, Kawasaki Kisen Kaisha, Ltd or “K” Line for two mid-sized new-build LNG vessels.

The national oil company said on Monday its subsidiary, Petronas LNG Ltd signed the a 12-year TCP with an option to extend for another 12 years. The LNG vessels had about 79,960 cubic metres each in capacity.