July 15th, 20190Japanese politicians spent Sunday debating whether the country’s Self-Defense Forces (SDF) troops should take part in a US-proposed coalition to safeguard strategic waters near the Strait of Hormuz, something that might require amending the nation’s constitution. The US is pushing for an international naval coalition to protect...
July 15th, 20192India’s limited VLCC fleet has been exposed with the latest chartering news from Indian Oil Corporation (IOC). IOC selected Japan’s Nissen Kaiun for a lucrative seven-year VLCC charter, after Indian owners were given first right of refusal to match the rate but failed to do so. IOC will pay Nissen Kaiun $31,950 per day for the...
July 15th, 20190Greek owner Spring Marine has added a panamax bulker to its fleet, according to brokers, growing its fleet of Japanese panamaxes to four. Both Seasure Shipbroking and Advanced Shipping & Trading report that the company has acquired 2006-built Tadotsu Tsuneishi panamax from Santoku Senpaku. Seasure puts the sale price at $12.3m,...
July 15th, 20190Greek owner Samos Steamship has acquired 2011-built capesize bulker according to brokers. The Athens-based owner, which has a history dating back over 140 years, has shelled out $26.2m for the Japanese-built (Universal) vessel, reports Seasure Shipbroking and Advanced Shipping & Trading. The sale price is well under than the...
July 10th, 20190Japanese owner NYK has placed an order at Japan Marine United for the construction of a capesize bulker with delivery scheduled in 2021. NYK says the vessel is a next generation energy-saving vessel, which will be compliant with Tier III emission regulations and the IMO SOx emission cap, and will have a larger cargo space than a...
July 9th, 20190China is on track to overtake Japan this year as the world’s top importer of LNG, according to a new report from Banchero Costa. In 2018, China’s imports of LNG soared 40.4%year-on-year to a record 53.8m tonnes, according to figures from the General Administration of Customs. China retained its position as the world’s second...
July 8th, 20190Clarkson Research has identified Nissen Kaiun as the mystery owner to have ordered ten 42,000 dwt log-fitted handymax bulkers, split between Tsuneishi Cebu and Tsuneishi Zhoushan. At the end of June Tsuneishi Shipbuilding announced it had won a 10-ship debut order for its new TESS42 handymax design, an update to its popular TESS38...
July 3rd, 20190Hapag-Lloyd and Ocean Network Express (ONE) have signed up to TradeLens, the blockchain platform created by Maersk and IBM, bringing further critical mass to the digital development. The two carriers follow swiftly after CMA CGM and MSC Mediterranean Shipping Company also signed up, meaning that TradeLens now has more than half of the...
July 2nd, 20190The changing global trading patterns of capesizes celebrated another landmark moment recently. Kawasaki Kisen Kaisha (K Line) revealed today its fully-laden Cape Taweelah called at Khalifa port in the United Arab Emirates on June 23 with a cargo of bauxite from Kamsar in Guinea destined for client Emirates Global Aluminium (EGA). The...
July 2nd, 20190The fleet rejuvenation programme at Japan’s Nisshin Shipping proceeds at pace. Nisshin, which has sold much of its older tonnage in recent years, has returned to China for a total of eight tankers. Brokers report Nisshin has ordered four 33,000 dwt tankers and four 19,900 dwt tankers at Nantong Xiangyu. All the ships are...
