MOL earn AIP for LNG-powered coal carrier
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced on December 6 that MOL, Tohoku Electric Power Co., Inc. (President: Hiroya Harada; Headquarters: Sendai-shi, Miyagi Prefecture), and Namura Shipbuilding Co., Ltd. (Pr...
"2018, still too narrow for too many ships"
Oversupply seems to be haunting 2018 too, according to a major credit rating agency. Fitch Ratings, one of three the global major credit rating agencies, predicted that 2018 will see little improvement because of continuous oversupply. Ther...
Macgregor upgrades 31 MSC boxships
MacGregor, part of Cargotec, announced on December 4 that it has received orders to optimise the container carrying capabilities of 31 MSC Mediterranean Shipping Company vessels from six different ship series. The work is designed to optimise shi...
UPA revises bunkering incentive criteria
The Ulsan Port Authority (UPA) has recently announced that it will revise the incentive criteria for bunkering activities in the Ulsan Port from next year. Since 2016, UPA has exempt tanker operators, which refuel their ships at the Ulsan Port...
Aida goes full speed ahead with LNG
Cruise operator Aida Cruises is ready to operate LNG fueled vessels in earnest. Aida will supply LNG fuel to AIDAperla (built in 2017), its 124,500gt dual fuel cruise ship, in coming weeks at the ports in Spain, France, and Italy through tru...
LNG fuel promotion accelerated?
Last 2012, DNV GL forecasted that the number of LNG-powered ships would increase to 1,000. In 2015, later, it lowered the estimate to 400-600 vessels. Now, this year, there are only 117 vessels use LNG fuel, with more than two-thirds of them oper...
Shipbuilding-shipping needs "mutualism"
An industry expert argued that Korean shipbuilding and shipping industry need to build a structure of mutualism. At his speech in ‘Maritime industry win-win forum’ on November 23, Jeong Suk-Ju from Korea Offshore & Shipbuilding Associa...
Novatek-Japan join hands for LNG transshipment
Novatek announced on November 28 that the Russian gas producer signed a memorandum of understanding (MOU) with two Japanese companies Mitsui O.S.K. Lines (MOL) and Marubeni Corporation for the cooperation in the establishment of a new LNG transsh...
Global boxship fleet surpasses 21m teu
It appears that global boxship fleet in operation surpassed 21m teu at the beginning of November. Alphaliner, a French market analyst explained that it took two years for the market to build another 1m teu since it reached 20m teu level. This ...
MPC CONTAINER SHIPS acquires Cido fleet
MPC Container Ships AS has announced on November 24 that it entered into a commitment to acquire a fleet of feeder container vessels with a total purchase price of USD 130 million. About MPC Container Ships AS: MPC Container Ships AS (ticke...
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