Kawasaki Kisen Kaisha, Ltd. Delivery of 154,800m3 LNG Carrier 'TANGGUH FOJA' for TANGGUH Production Sharing Contractors
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Kawasaki Kisen Kaisha, Ltd. Delivery of 154,800m3 LNG Carrier 'TANGGUH FOJA' for TANGGUH Production Sharing Contractors   - JCN Newswire
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Kawasaki Kisen Kaisha, Ltd. Delivery of 154,800m3 LNG Carrier 'TANGGUH FOJA' for TANGGUH Production Sharing Contractors

 Kawasaki Kisen Kaisha, Ltd. Delivery of 154,800m3 LNG Carrier
Tokyo, Nov 26, 2008 - (JCN Newswire) - A consortium comprising Kawasaki Kisen Kaisha, Ltd. ("K" Line) and P.T. Meratus Line (**) is pleased to announce the successful delivery of a brand new 154,800m3 Liquefied Natural Gas (LNG) Carrier, "TANGGUH FOJA", constructed at Samsung Heavy Industries, Co., Ltd. in Korea. The vessel will be chartered to the TANGGUH LNG operated by BP soon after her delivery as the first in a series of 3 vessels under "K" Line operation. "K" Line Ship Management Co., Ltd. will be responsible for the management of "TANGGUH FOJA". This latest delivery will result in bringing the number of vessels in "K" Line Group's LNG carrier fleet to a total of 43.

In 2005, "K" Line and its Indonesian consortium partner, P.T. Meratus Line, were successfully awarded Time Charter Contracts for three vessels in a bidding process to procure seven LNG carriers by the TANGGUH LNG, with "TANGGUH FOJA" having the honor of being the first one of the seven. These newly-built vessels incorporate the most modern Dual Fuel Diesel Electric (DFDE) Engines, thereby achieving better fuel efficiency together with greater environmental benefits.

The name of "FOJA" together with "TANGGUH JAYA" that will be our second vessel originate from the name of mountains in Papua, Indonesia where LNG Plant for the TANGGUH LNG is located, while the name of "TANGGUH PALUNG" for our third vessel comes from the mountain in Kalimantan where the first LNG plant in Indonesia was established. "TANGGUH JAYA" and "TANGGUH PALUNG" are scheduled for delivery at the end of this year and first quarter of 2009, respectively. All three vessels will have Indonesian ratings onboard and, trainee Indonesian officers. "K" Line is committed to maximizing the utilization of Indonesian crew onboard those 3 TANGGUH vessels.

In keeping with a policy of always giving first priority to safety in its services, "K" Line will continue committing itself to contributing to the expansion of various energy transportation businesses.

(*) Ship Particulars
------------------------------------------------------------ LOA : 285.0m ------------------------------------------------------------ Breadth : 43.4m ------------------------------------------------------------ Depth : 26.0m ------------------------------------------------------------ Dead Weight : 74,300mt ------------------------------------------------------------ Cargo Tank Type : Membrane Type, GTT Mark III ------------------------------------------------------------ Cargo Tank Capacity : Approx. 154,800m3 ------------------------------------------------------------ Builder : Samsung Heavy Industries Co., Ltd. ------------------------------------------------------------
(**) Company Profile of P.T. Meratus Line
Head Office : Surabaya, Indonesia
Number of Fleet: 37 (a major shipping company in Indonesia providing inter-island services)

About KLINE

Kawasaki Kisen Kaisha Ltd. ("K" LINE) was established in April 1919. Containership services has had the distinction of being the centerpiece of "K" LINE's global sea transportation services. Providing stable and reliable service, this business has been developing and expanding with the present global network offering coverage around the world. By keeping abreast of changing business circumstances and in order to meet customer's requirements, we are also constantly reinforcing our company's international competitiveness. For more information, please visit http://www.kline.co.jp/index_e.html .

Contact:

Kawasaki Kisen Kaisha, Ltd. ("K" Line), Tokyo
Akira Misaki, General Manager, LNG Group
Tel: +81-3-3595-5478
Teruki Kuramoto, Manager-LNG Team No.1, LNG Group
Tel: +81-3-3595-5497

P.T. Meratus Line
Charles Menaro, President Director
Tel: +62-31-3292288
Djoni Sutji, Director of International Business Division    
Tel: +62-21-45867252
 


Nov 26, 2008
Source: KLINE

KLINE (TSE: 9107)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Press release summary
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