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Mitsui Charters Eight LNG Newbuild

LNG carrier LNG Pioneer. Photo:  Mitsui Lines

 Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States.   “Mitsui has newly contracted yesterday the eighth ship, bringing the total maximum charter hire amount for the combined eight ships to approximately 700 billion Japanese yen,” Mitsui said in a press statement.   It will charter a 178,000m³ membrane-type LNG carrier for up to 25 years starting in around 2020 from Trinity LNG Transport, a joint venture between Mitsui, Japanese shipbuilder Imabari Shipbuilding and Japanese shipping firm K Line.    The ship will be built by Imabari Shipbuilding and installed with an electronically-controlled dual-fuel gas injection diesel engine.   This vessel follows the five ships with time charter parties signed in September, 2014 and the two charter parties signed in January, 2015, the company said.    The latest deal brings the total maximum charter hire amount for the combined eight ships to approximately 700 billion Japanese yen.   Mitsui previously signed charter agreements for five vessels in September last year and two more in January this year. Japanese shipbuilders have won contracts to build at least five of the LNG carriers, while one will be built by a South Korean shipbuilder and two by undisclosed firms.  

MHI Licenses Deck Machinery Tech To Imabari Shipbuilding

120712_DeckMachinery web.jpg

Mitsubishi Heavy Industries, Ltd. (MHI) signed an agreement with Imabari Shipbuilding Co., Ltd. in Imabari, Ehime Prefecture, Japan, under which MHI licenses production and marketing of deck machinery. Through licensing, MHI aims to expand market share of deck machinery based on the company's technology and, at the same time, respond to requests from Imabari, which looks to enhance business through deck machinery production

LASCO Fleet Orders Two New Vessels

With a twin-masted sterling silver replica of an Imabari sailing ship in front of them to commemorate the event, officials of Lasco Shipping Co. (LASCO) and Imabari Shipbuilding Co., Ltd., (Imabari) signed contracts for two 28,200 dwt logger/bulk carriers to be built at the Imabari shipyard. Imabari will deliver the first of the two vessels in February 2004 and the second in April 2004. "We're building on a well established good business relationship with Imabari", noted Anton U

OOCL Christens New Vessel

OOCL christened its eighth 5,888-TEU vessel. It is the last of the eight S-Class series built by Imabari Shipbuilding Co., Ltd, Japan. The OOCL Italy will be deployed in Asia-East Coast Express (AEX) Loop with the Grand Alliance. Source: SeaNews

Japanese Shipbuilders Take Stake in Brazil's ECOVIX

Five Japanese companies – Mitsubishi Heavy Industries, Ltd. (MHI), Imabari Shipbuilding Co., Ltd., Namura Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Mitsubishi Corporation – have agreed to acquire a stake in ECOVIX -Engevix Construções Oceânicas S.A. (ECOVIX), a leading Brazilian shipbuilder. A Share Purchase Agreement (SPA) between the Japanese consortium and the Brazilian partners has been signed by the parties

ClassNK Commences Provision of Archive Center Services

Classification society ClassNK announced that it has reached a preliminary agreement with NYK Lines Co. Ltd. and Mitsui O.S.K. Lines Co. Ltd. regarding the use of the ClassNK Archive Center's As-built Drawings Storage Service (ADSS) for all kinds of ships. This agreement was made following consultation with NYK Lines Co. Ltd. and Mitsui O.S.K. Lines Co. Ltd., as well as Mitsubishi Heavy Industries Co. Ltd. and Imabari Shipbuilding Co. Ltd

MOL Bulker is the First Built with Safer Hull

Bulk carrier of the type featuring the NSafe-Hull

Bulk carrier under MOL’s operation is world's first to adopt highly ductile steel plate to ensure superior collision safety Mitsui O.S.K. Lines, Ltd. (MOL) announced the world’s first use of highly ductile steel plate NSafe-Hull, developed by Nippon Steel & Sumitomo Metal Corporation on a merchant vessel. The ship featuring this new safety-enhancing feature, a large-size bulk carrier, was launched on August 2.

Evergreen Orders 10 More Ships

Photo: Evergreen Group

 The Evergreen Group, Taiwan's largest container shipper, has signed an agreement with Japan's Imabari Shipbuilding Co. to build 10 new container vessels with a capacity of 2,800 20-foot equivalent units (TEU) to expand its fleet.   The new shipbuilding plan is the second time in the past month that the shipping company has decided to add 2,800-TEU container ships to its fleet. In August, Evergreen signed an agreement with Taiwanese shipbuilder China Shipbuilding Corp

Evergreen Orders Ten Boxships from Imabari

Photo Evergreen

  Evergreen Group has signed an order with Japanese shipbuilder Imabari for ten 2,800 TEU class B-type vessels yesterday.  These are in addition to the order for ten similar vessels announced last month from CSBC in Taiwan. The latest contract was signed by EMC Chairman Mr. Anchor Chang and Imabari Shipbuilding President Mr. Yukito Higaki. The first ship is planned to be delivered during the first half of 2018 with the completion of the series due by the first half of 2019

NYK Charters 2 LNG Carriers for Freeport LNG Project

  Two joint-venture companies that NYK has established with Chubu Electric Power Co. Inc. each concluded a time-charter contract for a new liquefied natural gas (LNG) carrier with Chubu Electric Power Co. Inc. In addition, one of the joint-venture companies, Trans Pacific Shipping 6 Limited, concluded a shipbuilding contract with MI LNG Company Limited,* and other joint-venture company, Trans Pacific Shipping 7 Limited

Danaos buys 3 Boxships via new JV

Photo Danaos Corporation

  Danaos Corporation announced today the acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market. The vessels were acquired by Gemini Shipholdings Corporation, a newly-formed entity ("Gemini") beneficially

Belships Signs Deal with Imabari

 Belships has entered into a sale and leaseback agreement with a Japanese counterpart for the ship M / S Belforest.   Belforest, 61,000 dwt Ultramax bulk carrier is currently under construction at Imabari Shipbuilding in Japan and will be delivered around 25 September 2015. 

Two LNG Carriers Ordered for US Shale Gas Transport

Japanese shipbuilder Mitsubishi Heavy Industries, Ltd. (MHI) informs it has received orders for the construction of two next-generation liquefied natural gas (LNG) carriers that will primarily carry shale gas produced in North America.  

GTT Bags Order from Imabari

GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received a new order in June for one liquefied natural gas carrier (LNGC) vessel to be built by the Japanese shipbuilder Imabari Shipbuilding Co., Ltd

Boxship on Fire in East China Sea

The Japanese-built containership Kamala caught fire around 400km off the coast of the Japanese island of Kuchinoshima in the East China Sea.   The accident happened during a voyage from Gresik, Indonesia to Ulsan, South Korea with 796 containers on board, including hazardous cargo

TS Lines Orders Two Box Ships from CSBC

1,800 TEUs. Photo by CSBC Corp

 T.S. Lines has placed an order with Taiwan's CSBC Corp for two containerships with capacities of 1,800 TEUs, with an option for an additional two similar units.   The price the Taiwanese carrier paid for the new vessels, which are set for delivery in the second half of 2017

Japan's First High Pressure Fuel Gas System Ordered

Photo courtesy of Bestobell Marine

Bestobell Marine, part of the President Engineering Group (PEGL), has received an new order to supply its globe and check valves for Japan’s first high pressure fuel gas system that will be installed within a marine vessel.   The order will see Bestobell Marine supply a number of its

Imbari Stands Strong

Today, the Imabari Shipbuilding group operates nine factories and 12 building facilities that produce a total of over 90 vessels per year.  The newbuilding  drydock will measure  600 x 80m (1968.5 x 262.467 ft.) and cost about $333m.

Mammoth dry dock investment to support construction of 20,000 TEU containership series   During the second half of the 20th century, the Japanese ruled commercial shipbuilding.  Today, numerous competitive forces in the Far East, led by South Korea and China

Korean Shipyards Bullish on Mega Vessels

20,000 teu vessel Pic by MOL

 As the construction of ultra large container ships gained momentum, Korean shipyards are sweeping up the market, according to a report appeared in Business Korea.   Total orders of 21 container ships exceeding 20,000 TEU in capacity were placed globally from the end of last year to

Imabari Invests in Shipbuilding

Japanese Yard to Build World’s Largest (20,000 TEU) Containerships Imabari Shipbuilding Co., Ltd. secured newbuild orders with the cooperation of Marubeni Corporation for eleven 20,000TEU Ultra-Large Container Carriers, when delivered the largest containerships in the world.

Hanjin Heavy wins CMA CGM trio of 20,600 teu orders

Hanjin Heavy Industries and Construction’s Subic shipyard. Photo: Hanjin Heavy

 South Korean shipbuilder Hanjin Heavy Industries confirmed newbuild orders Monday for three ultra-large container ships from CMA CGM.   Plans for the 20,600 TEU ships were first revealed by CMA CGM last month, but the details of the order had not yet been finalized.  

Japan Seeks Share of LNG Carrier Shipbuilding Market

LNG Carrier by Kawasaki Heavy Industries

 Japanese market players ramp up their design efforts for fuel-efficient engines to challenge Korean yards as demand for super-cooled fuel is set to soar, says a report in South China Morning Post.    A total of 50 to 60 LNG ships annually are forecast to be delivered globally in

Are Megaships Game Changers?

Image: A.P. Moeller-Maersk Triple-E

 Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.   The megaships have come to dominate container shipping with astonishing rapidity over the past decade

MOL Expands Container Fleet

Containership Courtesy MOL

  Mitsui O.S.K. Lines, Ltd. has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries. MOL also concluded an MOU for long-term chartering of two 20,000 TEU containerships with Shoei Kisen Kaisha, Ltd

Bulk Carrier Delivered to Uni-Asia Holdings

Uni-Asia Holdings Limited announced an update on the progress of the vessel acquisition project of Regina Bulkship S.A., a 51% owned subsidiary under Uni-Asia Shipping Limited, a wholly owned subsidiary of the company.   Regina Bulkship S.A

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