Northern Lights CO2 carrier contracts signed

Northern Pioneer. Credits: Northern Lights.

Northern Lights Phase 2 moves forward with a contract signing ceremony in Norway for a new 12,000-m³ liquefied CO2 carrier.

A contract signing ceremony for Phase 2 of Northern Lights was held on 4 March in Øygarden, Norway, to mark the signing of a time charter contract and a shipbuilding contract

for a 12,000-m³ liquefied CO2 carrier, reported stakeholder K Line.

The company said the vessel will be constructed for Phase 2 of Northern Lights JV DA, a project that K Line said it jointly won with MISC Berhad.

Attendees at the ceremony included Northern Lights managing director Tim Heijn, MISC Berhad president and group chief executive Zahid Osman, Dalian Shipbuilding Offshore Co Ltd president Yingzhi Sun and K Line senior managing corporate officer Satoshi Kanamori, alongside other stakeholders.

The ceremony included a visit to Northern Lights’ CO2 storage facility in Øygarden and to Northern Pathfinder, the CO2 carrier serving Phase 1.

K Line Energy Shipping (UK) Ltd, a London-based subsidiary of K Line, is responsible for shipmanagement of that vessel.

K Line also entered into a time charter with Northern Lights for a newly built liquefied CO2 carrier, and will be awarded an additional vessel contract in April 2026.

Northern Lights JV is jointly owned by Equinor, TotalEnergies and Shell, and the project has signed commercial agreements with Yara in the Netherlands, Ørsted in Denmark and Stockholm Exergi in Sweden.

source: Riviera News