MISC Group (“MISC” or “the Group”), in partnership with Kawasaki Kisen Kaisha Ltd. (“K LINE”), has secured a second long-term Time Charter Party (“TCP”) from Northern Lights JV DA on 29 May 2026 for an additional newbuild Liquefied Carbon Dioxide (“LCO₂”) carrier supporting the expansion of Europe’s first open-access carbon capture and storage (“CCS”) transport and storage infrastructure. The latest award follows the first TCP secured on 29 January 2026 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 cubic metre 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.
Zahid Osman, President and Group CEO of MISC, said “Securing this second vessel award reinforces our confidence in the long-term potential of the LCO₂ shipping segment and marks another step forward in expanding MISC’s portfolio of future-focused maritime solutions.
This project will strengthen our position in an emerging market by developing the capabilities, expertise and strategic partnerships needed to support the evolving carbon management value chain. It also advances MISC’s Delivering Progress strategy, particularly our Profitable New Energy pillar, where we are strengthening the foundation for us to build the expertise and capabilities to deliver transition-enabling maritime solutions while supporting our customers’ ambitions for a lower-carbon future. Together with our partners, we remain committed to strengthening the infrastructure and capabilities required to support the growth of CCS and advance the broader energy transition.”
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, reinforcing MISC’s commitment to safety, operational reliability, and environmental performance while aligning with the highest regulatory and decarbonisation standards.
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About MISC Berhad
MISC Group, a member of the PETRONAS Group of Companies, is an international maritime company with more than 55 years of experience. Our extensive global footprint allows us to deliver a wide range of solutions that cater to various areas within the maritime-related energy value chain.
At the heart of MISC Group's success is our modern and diversified fleet of vessels and floating assets, complemented by the expertise of our diverse global workforce at sea and shore. As a future-focused organisation, we are committed to leading from the front, propelling the maritime industry into the future, and achieving society’s aspiration for a just energy transition.
For more information, visit https://www.miscgroup.com
Issued on behalf of MISC Berhad by the Group Strategic Relations & Communications (GSRC) Division of MISC Berhad. For media inquiries, please contact:
Shanni Muthiah
Head, Group Strategic Relations & Communications
Group Strategic Relations & Communications
MISC Berhad
Tel : +603-2275 2224
Email : [email protected]
Maisara Noor Ahmad
Head, External Communications
Group Strategic Relations & Communications
MISC Berhad
Tel : +603-2275 3496
Email : [email protected]
