NYK and Knutsen collaborate on transport of liquefied CO2

Shipping groups NYK and Knutsen join forces in new joint venture to develop and operate fleet to transport liquefied CO2.

An LPG ship from NYK Line sails through the Panama Canal. | Photo: AP/Ritzau Scanpix

Norwegian Knutsen and Japanese Nippon Yusen Kaisha, NYK, come together in a joint venture, which will be transporting liquefied CO2.

The company will be named Knutsen NYK Carbon Carriers, or KNCC, and the two companies will each own 50 percent, the partners write in an announcement.

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