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.
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
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 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
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
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
The China Navigation Company (CNCo) christened its last newbuild bulk carriers, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series. CNCo ordered four handysize bulk carriers (Imbari38 loggers) from Imabari Shipbuilding in 2014. Deliveries of the first three vessels, MV Taiyuan, MV Tientsin and MV Tsingtao took place between July and October this year
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.
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 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
A new 20,150 TEU containership has captured the “world’s largest” title: MOL Triumph, the first in a series of new mega containerships for Japan’s Mitsui O.S.K. Lines, Ltd., (MOL) was named at Samsung Heavy Industries, Ltd.’s (SHI) Geoje, South Korea shipyard.
Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series
Mitsui O.S.K. Lines, Ltd. today announced that on October 27, a naming ceremony for the Shinzan Maru, a newbuilding iron ore carrier that will sail under a long-term transport contract with Kobe Steel, Ltd., was held at the Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd.
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
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
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
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 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
Shown is an infographic courtesy of VesselsValue.com 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
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
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
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 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 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 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