Northern Lights JV awarded a time charter contract for a newly built 12,000 cubic meter liquefied CO2 (LCO2) carrier to the Kawasaki Kisen Kaisha (“K” LINE) and Malaysias MISC Berhad consortium.
The contract is positioned as part of the expansion of Europes carbon capture and storage infrastructure.
Time charter scope and consortium terms
The award is the second vessel assigned to the K LINEMISC consortium. The ship is being built by Dalian Shipbuilding Offshore.
MISC said the newbuild carrier will be co-owned through its existing joint venture with K LINE, and it will complement Northern Lights existing fleet.
CO2 logistics from Europe to Norway
The carrier will transport captured and liquefied CO2 from industrial hubs across Europe to offshore storage facilities in Norway as part of the Northern Lights carbon capture and storage network.
By moving LCO2 to offshore storage in Norway, the vessel supports the projects planned expansion and is aimed at enabling service to a broader range of commercial customers across Europe.
Dual-fuel LNG propulsion and rollout build-out
Both vessels awarded to the consortium are expected to feature dual-fuel LNG propulsion.
The latest contract follows Northern Lights January 2026 announcement of four additional CO2 carriers to support planned capacity expansion.
Source and CEO perspective
Zahid Osman, President and Group CEO of MISC, said securing the second vessel award reinforces MISCs confidence in the long-term potential of the LCO2 shipping segment.
Osman also said the project strengthens MISCs position by developing capabilities, expertise, and strategic partnerships needed to support the evolving carbon management value chain, and that it advances MISCs Delivering Progress strategy, particularly its Profitable New Energy pillar.