MOL-IBM pushs blockchain tech
Sumitomo Mitsui Financial Group ("SMFG", President and group CEO: Takeshi Kunibe), Sumitomo Mitsui Banking Corporation ("SMBC", President and CEO: Makoto Takashima), The Japan Research Institute, Limited ("JRI", President and CEO: Masahiro Fuchiz...
"50 LNGCs need to be ordered in next 6-9M"
While the explosive growth of global LNG market is expected with a projection that LNG output in the world will reach a 400m tons per year level by 2020, about 400 industry players joined 'the 18th CWC World LNG Summit', which was held during Nov...
Trafigura announces 2017 results with expanding fleet
Trafigura Group Pte Ltd, ("Trafigura"), a market leader in the global commodities industry, has announced another year of strong trading performance and profit on December 11. The robust global economy drove strong growth in demand for all the...
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...
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