MISC said on Wednesday that the latest award follows the first time charter party secured in January this year and further reinforces MISC’s “strategic participation in the emerging LCO₂ shipping segment as demand for scalable carbon transportation infrastructure continues to grow across Europe.”
Co-owned through the existing MISC and K Line joint venture structure, the purpose-built 12,000-cbm vessel will support Northern Lights’ “growing CCS network through the safe and efficient transportation of captured and liquefied CO₂ from industrial hubs across Europe to permanent offshore storage facilities in Norway.”
Moreover, MISC said the two vessels will complement Northern Lights’ existing fleet and directly enable the project’s planned capacity expansion, allowing it to serve a broader base of commercial customers across Europe.
Both carriers are expected to feature dual‑fuel LNG propulsion, MISC said.
K Line said in a separate statement that this vessel will be constructed by China’s Dalian Shipbuilding Offshore.
The shipping firm noted that it had been engaged the management of the operation of three 7,500-cbm liquefied CO2 carriers for Northern Lights, including LNF-powered Northern Phoenix which was delivered by DSOC in December 2025.
Established in 2021 by Equinor, Shell, and TotalEnergies. Northern Lights offers CO2 transport and storage as a service, targeting European emitters aiming to achieve decarbonization.
Northern Lights started operations in 2025 with an annual CO₂ transport and storage capacity of 1.5 million tons.
The JV plans to expand its capacity to more than 5 million tons per year from the latter half of 2028.
