Northern Lights JV has awarded charter agreements to several companies for the transportation of CO₂ from commercial customers in Europe. K.
Lines. These newbuilds are designed to increase the company's transport capacity to over 5 million tonnes of CO₂ per year.
The construction of these vessels has been entrusted to Dalian Shipbuilding Offshore and HD Hyundai Heavy Industries, with delivery expected in late 2028. Northern Lights' fleet expansion is part of its phase 1 development in the Norwegian Government’s Longship project, which aims to increase transport capacity and storage facilities for CO₂.
The company's existing fleet includes three sister ships, the Northern Pioneer, Northern Pathfinder, and Northern Phoenix, which are managed by 'K' Line. These vessels have been operational since late 2024 and feature a cargo capacity of 7,500 m3 each.
A fourth identical vessel is currently under construction and will be delivered in 2026. The expansion of Northern Lights' fleet aligns with its customer agreements and the company's long-term goals for CO₂ transport.
With this new fleet addition, Northern Lights is poised to meet the growing demand for CO₂ transportation services.
The awarding of these charter agreements demonstrates the increasing importance of CO₂ transportation in Europe. As companies continue to invest in sustainable practices, the demand for efficient and reliable CO₂ transport solutions will only continue to grow.
