The joint venture between Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping has launched a new LNG carrier named 'AL TUWAR' to strengthen the LNG shipping sector and promote energy stability.

Information on the Target

The joint venture, which includes Kawasaki Kisen Kaisha, Ltd., MISC Berhad, and China LNG Shipping (Holdings) Limited, recently held a naming ceremony for a new liquefied natural gas (LNG) carrier. This vessel, named "AL TUWAR" after a hill in Al Wakrah, Qatar, is being built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. It is the first of twelve new LNG carriers commissioned for QatarEnergy, one of the world’s largest LNG producers.

Scheduled to commence operations in May 2023, the "AL TUWAR" represents a significant development, as it underscores the joint venture’s commitment to enhancing the LNG shipping business. The design includes state-of-the-art technology aimed at maximizing fuel efficiency and minimizing environmental impact.

Industry Overview in the Target’s Specific Country

China has emerged as a crucial player in the global LNG industry, not just in terms of importation but also as a hub for LNG vessel construction. The country boasts several shipbuilding enterprises recognized