Imabari Group News

Mitsubishi Shipbuilding received orders from Imabari Shipbuilding for 12 units of its Fuel Gas Supply System (FGSS), a liquefied natural gas (LNG) fuel gas supply system for high-pressure dual-fuel marine engines. The equipment for 9 LNG-fueled car carriers and 3 LNG-fueled bulk carriers to be built by Imabari Shipbuilding Group will be continuously delivered from spring 2024.The FGSS ordered by Imabari Shipbuilding feature an optimized cargo space layout utilizing a modular design for exceptional space-saving and maintenance access…

ClassNK joins with NAPA to bring best-in-class SEEMP solution to market; ClassNK expertise combined with NAPA software creates environmental solution to increase eco-efficiency and reduce fuel consumption. ClassNK, the world's largest ship classification society and NAPA, the leading software house for ship design and operations, today announced a collaboration to provide the most comprehensive solution for Ship Energy Efficiency Management Plan (SEEMP). The collaborative solution builds upon the in-depth understanding of ship performance in practice delivered by two world-leading companies in their respective fields. By sharing their expertise…

Tsakos Energy Navigation Limited (TEN) has reported unaudited results for the second quarter and first half of 2003. Net revenues for the second quarter of 2003 were $61.5 million, a 122% increase over the $27.8 million generated in the second quarter of 2002. This increase reflected the expansion in the fleet (average number of vessels of 25.4 in 2003 vs. 17.0 in 2002) as well as the strong charter market. Net income for the second quarter of 2003 was a record $18.7 million versus $2.2 million in the second quarter of 2002. Earnings per share were a record $1.08 as compared with $0.13 per share in the like period of 2002. Interest and finance costs were $3.3 million in the second quarter of 2003 compared with $3.8 million in the second three months of 2002…