September 19th, 20190Japanese shipping major NYK has secured a 25-year contract with Van Phong Power Company, a wholly owned subsidiary of Sumitomo Corporation, for the transport of coal for the Van Phong coal-fired power project to be constructed in Vietnam. NYK is expected to transport up to 3.4m tons of coal annually for the project from 2023. The...
September 19th, 20191NYK has become the first Japanese shipping company to complete a carbon-neutral voyage by offsetting 5,000 tons of carbon dioxide (CO2), equivalent to the CO2 emitted by NYK’s environmental flagship car carrier during one voyage between Japan and the Middle East. Aries Leader is equipped with the latest energy-saving technologies,...
September 16th, 20190John Dragnis-led Goldenport has acquired 2010-built 1,700 teu containership , according to Seasure Shipbroking. Goldenport has handed over $8.3m to Japan’s Shoei Kisen, Seasure Shipbroking reports, a price substantially lower than the VesselsValue market value of $13.27m. The vessel’s next survey is due in July 2020. If...
September 13th, 20190Sovcomflot and NYK Line have sealed a new $176m credit facility which will be used to refinance LNG carriers Grand Aniva and Grand Elena. The eight year facility, with Sumitomo Mitsui Banking Corporation, Société Générale, and Shinsei Bank, includes the adoption of provisions for the banks to comply with the Poseidon...
September 12th, 20190Japan’s largest shipping line, Mitsui OSK Lines (MOL, today revealed how its brand new vessel image recognition and recording system is developing as the company moves ahead with its smart ship project. The artificial intelligence system, developed with SenseTime Japan, has undergone testing with MOL’s cruiseship, Nippon Maru. The...
September 10th, 20190Japan Drilling Company (JDC) has received an order from the Tokyo District Court to refer the reorganisation plans to creditors’ resolution after the company submitted the plan to the court at the end of August. The court’s order provides that the resolution for the reorganisation plans shall be conducted through a written vote....
September 2nd, 20190Japan’s largest shipowner Mitsui OSK Lines (MOL) is looking to make dry bulk inroads into Turkey. MOL has signed an agreement with Turkish steel mill Tosyali Holding looking to develop transport agreements for both raw materials and steel products as well as developing a port together in southeastern Turkey. Tosyali is a major...
September 2nd, 20190Japanese owner NYK says it has signed a new long-term contract with Total subsidiary Total Gas & Power Chartering Limited for one of its LNG carriers. The vessel is currently under construction at Samsung Heavy Industries in South Korea, and is scheduled for delivery in 2021. It will be equipped with a WinGD dual-fuel slow-speed...
August 30th, 20190Mitsui OSK Lines (MOL) and Karadeniz Holding are pushing ahead with the first LNG powership project under new brand KARMOL. The joint venture will deploy an FSRU and a powership - a floating power station - to aid the national grid of Mozambique. The FSRU is now being converted from an existing LNG carrier while the Powership is...
August 29th, 20190Japan’s Mitsui OSK Lines (MOL) has started the integration process of MOL Nordic Tankers (MOLNT) into MOL Chemical Tankers (MOLCT), having acquired the company in January, and expects the process to be completed by next year. As part of the change, MOL Nordic Tankers has parted ways with CEO Per Sylvester Jensen and CFO Henriette...
