PETALING JAYA: MISC Bhd
, in partnership with Kawasaki Kisen Kaisha Ltd (K Line), has secured a second long-term time charter party (TCP) from Northern Lights JV DA for an additional new build liquefied carbon dioxide (LCO2) carrier.
In a statement, the maritime company said the deal would support the expansion of Europe’s first open-access carbon capture and storage (CCS) transport and storage infrastructure.
“The latest award follows the first TCP secured on Jan 29, 2026, and further reinforces MISC’s strategic participation in the emerging LCO2 shipping segment as demand for scalable carbon transportation infrastructure continues to grow across Europe.”
Co-owned through the existing MISC and K Line joint venture or JV structure, MISC said the purpose-built 12,000 cubic m vessel would support Northern Lights’ growing CCS network.
It will enable the safe and efficient transportation of captured and LCO2 from industrial hubs across Europe to permanent offshore storage facilities in Norway.
MISC said the two vessels would complement Northern Lights’ existing fleet and directly enable the project’s planned capacity expansion, allowing it to serve a broader base of commercial customers across Europe.
“Both carriers are expected to feature dual‑fuel liquefied natural gas propulsion, reinforcing MISC’s commitment to safety, operational reliability and environmental performance while aligning with the highest regulatory and decarbonisation standards.”
