U-Ming ventures into LNG shipping through partnership with K Line
Two firms have jointly invested a 174,000 cu m LNG carrier being built at Samsung Heavy
Joint venture will expand U-Ming’s shipping portfolio beyond dry bulkers and tankers
U-MING Marine Transport has entered the LNG shipping market through a new partnership with Japan’s K Line.
The Taiwanese owner announced that the two companies are collaborating through a newly established joint venture focused on LNG carrier operations.
Under the cooperation framework, U-Ming and K Line have jointly invested in a 174,000 cu m LNG carrier under construction at Samsung Heavy Industries in South Korea.
The vessel, scheduled for delivery in 2026, will feature the latest energy-efficient and eco-friendly technologies, including a dual-fuel engine.
U-Ming owns and operates a mixed fleet of 79 vessels, including dry bulkers of various sizes, long range one tankers and very large crude carriers, with a total capacity exceeding 9.5m dwt.
The debut in LNG shipping reflects U-Ming’s commitment to diversifying and enhancing its core shipping operations, while strengthening its ability to address future challenges, the company said.
