K Line charters Northern Lights’ two liquefied carbon dioxide carrier newbuildings

K Line will charter the two pioneer 7,500-cbm liquefied carbon dioxide (LCO₂) carriers that the emerging carbon capture and storage joint venture Northern Lights JV DA is building in China.

The Japanese shipping giant said on Monday that it would take the pair on long-term bareboat charter once they are delivered by Dalian Shipbuilding Industry Co in 2024 in a move that will see it become a participant in the world’s first full-scale carbon capture and storage value chain.