”K” Line plans big LNG fleet expansion

  • Vessels

Kawasaki Kisen Kaisha (”K” Line) of Japan said it aims to expand its fleet of LNG carriers to 61 vessels by FY 2019.

The shipping giant has or co-owns 41 LNG tanker and it plans to add four by FY 2017, and eighteen by FY 2019, it revealed in its medium-term management plan on Monday.

Kawasaki Kisen Kaisha also aims to increase the company’s net income in five years to more than JPY 60 billion ($500.58 million).

The company’s plans also include boosting its total fleet from its current 526 ships to 539 in FY 2017, and 564 in FY 2019.

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LNG World News Staff; Image: ”K” Line

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