Northern Lights strengthens its fleet with new LCO2 vessel award to K Line and MISC
Northern Lights, a joint venture (JV) encompassing three European oil majors: Shell, Equinor, and TotalEnergies, has decided to enlarge its fleet with another liquefied carbon dioxide (LCO2) carrier through a time charter deal with a consortium between Japan’s Kawasaki Kisen Kaisha (K Line) and Malaysia’s MISC.
Northern Lights JV has awarded the consortium of K Line and MISC a long-term time charter party (TCP) contract for one newly built 12,000 cubic meter (cbm) liquefied CO2 carrier, which represents the second vessel award to the consortium, following the announcement of fleet expansion in January 2026, where time charter agreements were disclosed for four more CO2 ships.
The vessel will be constructed by Dalian Shipbuilding Offshore Co. (DSOC), supporting the expansion of Europe’s first open-access carbon capture and storage (CCS) transport and storage infrastructure. Co-owned through the existing MISC and K Line joint venture structure, the purpose-built 12,000 cubic metre vessel will support Northern Lights’ growing CCS network through the transportation of
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