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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

New Rudders for the World’s Largest Box Ships

Becker Performance Package, consisting of Becker Mewis Duct Twisted with Becker Twist Rudder (Image: Becker Marine Systems)

Despite the continuing global shipping crisis, Becker Marine Systems, producer of high-performance rudders and energy-saving solutions in the field of maneuvering technology, said it is appearing at SMM 2016 with a good order situation, announcing it has secured an order to equip some of the

Japanese Shipbuilding Alliance Threatens Korea

Photo: Mitsubishi Heavy Industries Ltd.

 According to the Nikkei, Mitsubishi Heavy Industries Ltd. (MHI)  has entered negotiations with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd., each first, third, and fourth, respectively, in terms of shipbuilding tonnage

Japanese Yards Mull Shipbuilding Alliance

Photo: MHI

Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump.   Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd

'K' Line Takes Delivery of Corona Series Coal Carrier

Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has announced the delivery of Corona Victory, an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on May 24, 2016.   Corona Victory  is same type as “K”

Imabari Installs SOx Scrubber onto Bulk Carrier

Bulk carrier M/V Nadeshiko (Photo: Imabari Shipbuilding)

Imabari Shipbuilding Co., Ltd. announced it has become the first shipyard in Japan to successfully install a SOx scrubber onto bulk carrier.   The SOx scrubber, manufactured by Fuji Electric Co., Ltd., has been installed for a domestic ship owner aboard the 84,000M.T

Maritime Economics: Top Five Shipyards by Market Value

Shown is an infographic courtesy of looking at the top five shipyards ranked by the market value of the newbuilding contacts currently on order. According to Senior Data Editor, Craig Jallal, "The current top five shipbuilding groups have seen a significant decline in value

MHI Hybrid Turbochargers Awarded for Efficiency

Mitsubishi hybrid turbochargers for marine diesel engines received the Energy-Efficient Machinery Award from Japan Machinery Federation   Hybrid Turbocharger developed by Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd

Japanese Consortium Pulls Out of Brazilian Shipyard Ecovix

Construction of hulls in Rio Grande. Photo: Engevix Construções Oceânicas SA

 A consortium of Japanese shipyards decided to sell its stake of Ecovix, which controls the Rio Grande Shipyard, reports Reuters.   Mitsubishi Heavy Industries, four other shipbuilders said in October 2013 acquired 30% of Ecovix-Engevix Construcoes Oceanicas in a deal reportedly worth

Evergreen Line Orders Ten 2,800 teu Ships

Photo: Evergreen Shipping Singapore

 Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation.   The deal between the companies is to buy 10 new 2800 TEU container vessels. The Contract value is $390mln.  

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

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