“K” LINE Awarded CDP’s “Supplier Engagement Assessment” with a score.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a naming ceremony was held for a 174,000 m³ membrane-type LNG vessel for Mitsubishi Corporation subsidiary Diamond Global Energy Pte. Ltd. at Samsung Heavy Industries Co., Ltd. on May 19. The vessel is owned by a joint venture company and is scheduled to be used in the LNG Canada Project in which Mitsubishi Corporation participates. 

The ceremony of DIAMOND GAS JADE   

Mr. Tetsuro Wada, the Chief Executive Officer of Diamond Global Energy, and Mr. Yukikazu Myochin, a Director and the Chairperson of the Board of “K” LINE, attended the ceremony. The vessel was named DIAMOND GAS JADE(IMO 1023401, MMSI 563316900 - sailing under the flag of Singapore.) by Mr. Wada, as jade is a renowned specialty of British Columbia, Canada, where the LNG Canada Project is located. Jade is traditionally associated with long-lasting prosperity, and the vessel was named to express the company’s hopes for the enduring success and prosperity of the project.

The charter party between DGE and “K” LINE

The charter party between DGE and “K” LINE represents the first long-term charter contract for a newly built LNG vessel. Amid the continued increase in global energy demand, the vessel will play an important role in supporting the global energy supply chain through the safe and efficient seaborne transportation of LNG.

The Medium-Term Management Plan was published in May 2022.

In its Medium-Term Management Plan published in May 2022,*¹ “K” LINE has positioned the LNG business as a top priority area in its future investments. “K” LINE will continue to respond to the diverse needs of its customers to expand its long-term contracts and accommodate the growing energy demand.

Related: “K” LINE Acquires Full Ownership of “K” Line Wind Service

An award for the “Supplier Engagement Assessment.”

On the other hand, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that the company was awarded the “Supplier Engagement Assessment” A score for the eighth consecutive year, the top rating, on “Supplier Engagement Assessment” from CDP, which is a non-profit global organization (NGO) engaged in investigating and disclosing environmental information. 

Related: “K” LINE Starts Continued Use of Bio-LNG Fuel for Car Carriers

The “Supplier Engagement Assessment” evaluates 

The “Supplier Engagement Assessment” evaluates the companies’ initiatives for climate change and greenhouse gas emissions throughout the supply chain and ranks the companies in line with their efforts. Our strategies and initiatives were evaluated via the “Supplier Engagement Assessment”. This year, 1,945 companies, including about 400 Japanese companies, were recognized on the “Supplier Engagement Assessment” with a score worldwide.

About: The “K” LINE 

The “K” LINE Group typically refers to Kawasaki Kisen Kaisha, Ltd., a major Japanese global transportation and integrated logistics company. Depending on your region, it could also refer to the K-Line Group of Companies, which is a Canadian engineering and high-voltage power services provider

“K” LINE Group has consistently worked to enhance its information disclosure based on a comprehensive understanding of climate change and natural capital, and will continue to further advance these efforts toward sustainable growth and increased corporate value.

#The “K” LINE #Mitsubishi Corporation # LNG Canada Project #Supplier Engagement Assessment”# An award #Mr. Yukikazu Myochin #Diamond Global Energy # DIAMOND GAS JADE# Tetsuro Wada