K”Line orders LPG duo

Following the signing of a long-term time charter for two gas carriers with Yara, Kawasaki Kisen Kaisha (“K”Line) has ordered two 38,000 cubic metre, fully refrigerated ammonia/LPG carriers from Daewoo Shipbuilding & Marine Engineering of South Korea. These are “K”Line?s first contracts for this type of gas carrier.

Since ammonia has similar characteristics as LPG, “K”Line has looked for business opportunities in the segment of medium-sized gas carriers where it is capable of utilizing its shipping expertise in the LPG and LNG transportation.

World demand for ammonia is expected to grow steadily in the future for fertilizers and other industrial uses. Yara is the world?s leading supplier of mineral fertilizers and the only truly global player in the industry. This leadership position is, amongst others, based on ammonia, where Yara?s combined strengths in production, trade, maritime storage and shipping are providing an unequalled platform for value creation.