May 23rd, 20190Japanese shipyard giant Tsuneishi’s long-held plans to develop a ship recycling site in the Philippines have been put on hold, with local politicians on the island of Negros in the middle of the archipelago unable to get the necessary clearance for the facility. Tsuneishi, which has a shipbuilding yard on the neighbouring island of...
May 22nd, 20190With a new CEO in charge and a displeased investor base, top management at Kawasaki Kisen Kaisha (K Line) today revealed they will take a six-month 10% pay cut, effective from the start of last month. The company said in a statement the pay cut was “to clarify our management stance towards recovery of our business...
May 21st, 20190Japanese owner Santoku Senpaku has gone to DACKS, the Dalian joint venture shipyard run by Cosco and Kawasaki Heavy Industries, for a pair of ultramaxes. No price has been revealed for the bulkers, which are due to deliver around the end of next year. Santoku Senpaku is a low profile owner. Founded in 1972 in Osaka, the company today...
May 21st, 20196Nippon Yusen Kaisha (NYK) and subsidiary Nippon Yuka Kogyo have jointly developed a new fuel oil additive for low sulphur compliant fuel oil that meets SOx emission requirements. Yunic 800VLS, which is patent pending, is Japan’s first additive for very low sulphur fuel oil (VLSFO). Yunic 800VLS disperses asphaltene and paraffin...
May 16th, 20190Japanese owner Mitsui OSK Lines (MOL) has placed an order for a 176,000 cu m LNG carrier at South Korean yard DSME, bringing the company's orderbook at the yard to three LNG carriers. The new order is an option to a newbuilding contract signed by MOL last year for two LNG carriers at the yard. Delivery of the vessels are scheduled...
May 13th, 20190The Houston Ship Channel reopened to limited traffic on Sunday after a collision on Friday, which resulted in the spilling of around 9,000 barrels of gasoline blend into the waterway. The channel was closed after K Line VLGC and a tug boat pushing two barges collided. One barge capsized and the other was damaged, leaking gasoline...
May 13th, 20190The Norway-based offshore division of Japan’s K Line, K Line Offshore, has sold its very first ship, the 2004-built platform supply vessel . The PSV was delivered to Gard Supply last month for an undisclosed price. Gard Supply is connected to Norwegian shipowner Gard Shipping according to Equasis. KL Arendalfjord has been...
May 8th, 20190Japanese owner Meiji Shipping has exercised an option at South Korea's Hyundai Mipo Dockyard for the construction of two 50,000 dwt MR tankers. The two vessels will add to the company's existing order of eight 50,000 dwt tankers at the yard. According to shipbroking sources, the two vessels will be fitted with scrubbers and...
May 6th, 20190A power limiter, not dissimilar to those used in automotives, has emerged as a dark horse contender to hasten shipping’s bid to cut greenhouse gas (GHG) emissions. With the fifth meeting of the intersessional working group on reduction of GHG emissions from ships starting tomorrow at the International Maritime Organization (IMO)...
May 1st, 20190The protracted merger to create a Japanese container shipping giant is not over. Ocean Network Express (ONE), the merged box shipping vehicle created 13 months ago by Mitsui OSK Lines (MOL), Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line), has yet to resolve its terminal holdings issues. While the three Japanese shipping...
