K Line has confirmed it is the Japanese shipowner involved in a deal that will see two new LNG carriers chartered to Malaysia's Petronas.

The company said it had signed its first long-term charter agreement involving newbuildings with the energy company.

K Line has executed shipbuilding contracts for the 79,960-cbm dual-fuel ships at Hudong-Zhonghua Shipbuilding in China, the Tokyo-listed shipping giant added.