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"K" Line and KLPL to invest in next generation VLCC and AFRAMAX

Kawasaki Kisen Kaisha, Ltd. ("K" Line) and "K" Line Pte Ltd. (KLPL), have signed the ship building contracts for three next generation VLCCs and two AFRAMAX tankers in line with their fleet upgrading plan under the newly-reformed Medium-Term Management Plan, " Value for our Next Century - Action for Future -".

Orders for two VLCCs were placed by "K" Line with Kawasaki Heavy Industries, Ltd. (KHI) which will deliver them in 2017 and 2018, respectively, and order for one VLCC with Namura Shipbuilding Co., Ltd. which will be delivered in 2018, whereas orders for two AFRAMAX tankers were placed by KLPL with Namura Shipbuilding Co., Ltd., which will deliver them in 2018 and 2019, respectively.

These VLCCs and AFRAMAX tankers are designed to comply with all existing regulations as well as forthcoming rules such as the International Convention for the Control and Management of Ship's Ballast Water and Sediments.

With these five new ships, "K" Line and KLPL will continue to provide reliable and stable service to our valued customers with the highest standard of safety.

Source: K LIne

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