“K”Line agrees time charter of VLGC with Astomos Energy

Kawasaki Kisen Kaisha, Ltd. announced an agreement with Astomos Energy Corporation (Astomos) to enter into a Time Charter contract based on a new Kawasaki Heavy Industries, Ltd.－built
82,200m3 VLGC.
Astomos, one of the largest LPG players in the world and handling 10 million metric tons annually, is expecting to increase their volume to more than 12 million metric tons annually by 2017. They are also promoting expansion of their fleet with “K” Line entering their fleet for the first time by this agreement.


“K” Line now operates 4 VLGCs and this agreement will expand its fleet to 5 VLGCs. As a part of our newly-reformed medium-term management plan “Value for our Next Century”, “K” Line will continue to contribute to meet the expanding needs of LPG transportation utilizing the latest knowledge and technology established and with its more than 40 years of LPG transport experience.