Namura News

Diana Shipping on Tuesday announced it has reached a deal to sell its oldest vessel, an 18-year-old panamax bulk carrier.The Greek shipowner said it has reached a memorandum of agreement through one of its subsidiaries to sell the 76,942 dwt vessel Artemis to an undisclosed third-party buyer for $12.99 million. The ship is slated to be delivered to its new owner by March 8 at the latest.Artemis was built in 2006 by Japan's Namura Shipbuilding Co., Ltd. in 2006.Upon completion of the sale…

NYK Line, Namura Shipbuilding and Sasebo Heavy Industries are collaborating to replace the main propulsion on steam turbine driven Moss-type LNG carriers to dual-fuel diesel engines and have now completed the basic design step.In October 2023, NYK was granted Approval in Principle (AiP) from ClassNK for the concept, and the three companies will now proceed with a detailed design.The aim is to improve environmental performance, make efficient use of existing vessels and contribute…

Japan's Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) said Tuesday that a Panamax coal carrier that uses low-environmental-impact LNG as its main fuel was delivered and started operation on November 14.In a naming and delivery ceremony held at the Imari Shipyard and Works of Namura Shipbuilding Co., Ltd., the new vessel was named Reimei.The Reimei, a large LNG-fueled coal carrier, is operated by MOL to transport coal from overseas to Kyuden's coal-fired thermal power plants.Credit: MOLCompared to conventional marine fuel…

The Phoenix Harmonia, a liquefied petroleum gas (LPG) powered very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding Co., Ltd. and delivered to MOL Energia Pte. Ltd., a Singapore-based company of Mitsui O.S.K. Lines Group, on September 29.Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, supported Namura and contributed to the delivery of the vessel, based on a technical cooperation agreement executed between the two companies in August 2021.

Japanese shipping company Mitsui O.S.K. Lines said Thursday that a naming ceremony was held for the next-generation coal carrier Energia Azalea at Namura Shipbuilding. The vessel will serve Chugoku Electric Power.The coal carrier is 234.92 meters long, 43 meters wide, has a draft of 20 meters, and has a deadweight tonnage of 99,965 tons.According to MOL, the name Energia Azalea is derived from the official city flower of Hamada-shi, Shimane Prefecture, home to Chugoku Electric Power’s Misumi Power Station…

Three Panamanian-flagged ships have been hit by Russian missiles in the Black Sea since Russia’s invasion of Ukraine last month, Panama’s Maritime Authority said on Wednesday.One ship sank, the maritime authority said in a statement, but there were no casualties reported. The two others remain afloat with damages.“We know that we had three ships that were attacked by Russian missiles but the crew is all safe, we had material damage,” said Noriel Arauz, the administrator of the Panama Maritime Authority (AMP).The three affected ships were Namura Queen, Lord Nelson and Helt.

A methane oxidation catalyst system developed by Hitachi Zosen Corporation, Mitsui O.S.K. Lines, Ltd. (MOL), and Yanmar Power Technologies Co. (YPT) has received approval in principle (AIP) from classification society Nippon Kaiji Kyokai (ClassNK).The system reduces methane slip by placing a methane oxidation catalyst in a liquefied natural gas (LNG) fuel engine and oxidizing the methane. This is the first time in the world that a methane oxidation catalyst system has received…

As the global shipping industry is under the microscope to reduce emissions, three Japanese leaders in the maritime space: Hitachi Zosen, Mitsui O.S.K. Lines, Ltd.(MOL) and Yanmar Power Technology Co., Ltd. (YPT), have targeted methane slip as an area of study via its "Development of Methane Slip Reduction Technology from LNG Fueled Vessels by Improving Catalysts and Engines", with Hitachi Zosen serving as the managing company in the "Development of Next Generation Vessels Project"…

Japan's Yanmar said Thursday it had received an order for dual fuel 6EY22ALDF engines which will be used to power generators on board Mitsui O.S.K. Lines' new LNG-fueled large coal carrier. The coal carrier will be built by Namura Shipbuilding."Emission regulations in the marine sector are becoming ever more stringent, with LNG vessels being adopted globally as a means of reducing environmental impact. As this trend has progressed in recent years, dual-fuel engines have attracted ever more attention…

Seanergy Maritime Holdings Corp. has taken delivery of the M/V Friendship bulk carrier.The vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan. "The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date," the company said.Seanergy also said that the has been fixed on a time charter with Japan's NYK Line, which is an existing charterer of Seanergy. The charter is expected to commence immediately…

German shipping company Oldendorff Carriers said on Tuesday that earlier this year it ordered a Capesize bulk carrier newbuild at Namura Shipbuilding in Japan and purchased a trio of secondhand Post-panamax bulkers from three Japanese owners.The 182,000 tdw eco Capesize newbuild is due for delivery during the fourth quarter of 2022. It features a Mitsui-MAN B&W 6G70ME-C9.5(EGRBP) NOX Tier III main engine and a new hull form, which results in a very low fuel consumption.

Japanese shipping major Kawasaki Kisen Kaisha (K Line) and the shipbuilding and repairing company Namura Shipbuilding have jointly received an Approval in Principle (AIP) for the concept design of an LNG-fueled ore carrier from DNV GL."Work on this joint project for the development of an LNG-fueled ore carrier has complied with both environmental and actual operation requirements as follows, based on the second generation WOZMAX of Namura Shipyard," said a press release from the provider of container, breakbulk and roll-on, roll-off shipping.WOZMAX (registered brand of Namura Shipyard) is an optimum size of vessel that can call main West Australian iron ore loading ports…

Qatar-based S'hail Shipping and Maritime Services has recently added MV S'hail Al Dukhan, 74143 DWT built at Namura, Japan and MV S'hail Al Rayan, 76629 DWT built at Imabari, Japan, to its fleet.S’hail took Delivery of Shail Al Rayyan on 14th June 2019 and Shail Al Dukhan on 13th June 2019, said the company sources.Last month, the company announced that it has entered into agreements to purchase two modern dry bulk carriers worth nearly QR75mn.With the addition of these two ships, the company’s fleet size will increase to seven ships and the deadweight to 483,522 MT.According to S’hail Shipping chairman and managing director Mohamed Khalifa al-Sada, its vessels are engaged in carrying various cargoes like grain, iron ore, coal, bauxite, cement clinkers and other minerals.

Taiwanese shipping company Wisdom Marine Lines has taken delivery of a 34,000 dwt bulker newbuilding.The newbuild Bulker, MV Daiwan Miracle, was handed over to Wisdom Marine in Japan on April 2, 2019, after completing sea trials in March, said Wisdom Marine Group, the largest dry bulk shipowner in Taiwan by number of vessels.MV Daiwan Miracle is an eco-ship built by Namura Shipbuilding Co, Japanese shipbuilding and repairing company.Featuring a length of 179.9 meters and a width of 30 meters, the handy bulker has a capacity of 44,100 cubic meters.MV Daiwan Miracle flies the flag of Liberia. Wisdom Marine’s fleet has a fleet of 143 vessels, 14 of which are newbuildings as at June 30th, 2018.

Mitsui O.S.K. Lines (MOL) has announced the delivery of the coal carrier OI MARU, which will serve JERA Trading , was delivered at Imari Shipyard and Works of Namura Shipbuilding on June 14, 2018. The vessel, which was jointly developed by Namura Shipbuilding and MOL, is a state-of-the-art coal carrier with a wide-beam/shallow-draft configuration and wide range of advanced safety and energy-saving features. The vessel is so-called "Hekinan MAX" which has characteristic 250 meters length to maximize transport volume to the discharging port, Chubu Electric Power's Hekinan Thermal Power Plant in Aichi, Japan. MOL has operated the same type of vessels…

Mitsui O.S.K. Lines announced that MOL, Tohoku Electric Power Co and Namura Shipbuilding have jointly earned an Approval in Principle (AIP) from Lloyd's Register for the design of an liquefied natural gas (LNG) powered coal carrier. The three companies have moved ahead with this project and recently conducted a Hazard Identification Study (HAZID), and finished the basic design. MOL noted that the AiP marks Japan's first jointly obtained by three companies - a shipping company, cargo owner, and shipbuilder - for a vessel powered by LNG. The vessel design ensures sufficient cargo capacity without making the hull larger by installing the LNG fuel tank at the stern, the partners say.

Mitsui O.S.K. Lines (MOL) announced the delivery of the coal carrier NAGARA MARU, which will serve Singapore-based JERA Trading, was delivered at Imari Shipyard and Works of Namura Shipbuilding on November 17, 2017. The vessel, which was jointly developed by Namura Shipbuilding and MOL, is a state-of-the-art coal carrier with a wide-beam/shallow-draft configuration and wide range of advanced safety and energy-saving features. The vessel is so-called "Hekinan MAX" which has characteristic 250 meters length to maximize transport volume to the discharging port, Chubu Electric Power's Hekinan Thermal Power Plant in Aichi, Japan. MOL has operated the same type of vessel…

Japanese shipbuilders Mitsubishi Heavy Industries, Ltd. (MHI) and Oshima Shipbuilding Co., Ltd. have reached a basic agreement to form an alliance in the commercial ship business. Together the two companies will seek business synergy and target sustainable growth to strengthen global competitiveness, while also respecting mutual independence, MHI said. The shipbuilders will also work toward establishing a technical alliance to focus on development of new ship designs and technologies, standardization of design and construction, as well as efficient shared use of tools and equipment. The alliance with Oshima follows on MHI’s agreement reached at the end of March with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd.

Mitsubishi Heavy Industries, Ltd. (MHI) has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions focused on forming alliances in the commercial ship business. Discussions toward concluding a similar alliance with Oshima Shipbuilding Co., Ltd. continue. The agreements are targeted at achieving sustained growth through the pursuit of mutually complementary, synergy-generating alliances while respecting each partner’s independence, in an overall effort to strengthen the competitiveness of all alliance partners in the global marketplace. The newly completed basic agreements cover a variety of core issues…

Mitsubishi Heavy Industries (MHI) has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions focused on forming alliances in the commercial ship business. Discussions toward concluding a similar alliance with Oshima Shipbuilding continue. The agreements are targeted at achieving sustained growth through the pursuit of mutually complementary, synergy-generating alliances while respecting each partner’s independence, in an overall effort to strengthen the competitiveness of all alliance partners in the global marketplace. The newly completed basic agreements cover a variety of core issues…

In the last month, we have seen the Baltic Dry Index (BDI) recover to the same level it was 12 months ago (see circles in fig.1). Vessel values have started to firm, but not at the same rate and are still at historically low levels. In the last 12 months, contrarian owners have taken advantage of the low values and have been buying cheap tonnage. With hindsight, this looks to have paid off with many values having increased above the purchase price. This article takes a look at which dry bulk owners have been buying the most in the last year.

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, to form an alliance in the area of commercial ships. The plan of the alliance is to pool their resources in efforts to compete more effectively with their Chinese and Korean rivals, reports Korea Herald. If successful, the alliance is expected to create the second-largest tonnages, behind the world’s No.1 shipbuilder Korea's Hyundai Heavy Industries. In addition to cooperating in the areas of shipbuilding R&D and parts procurement…

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. and Namura Shipbuilding Co., Ltd. “The move toward forming these alliances targets the integration of MHI's strengths in shipbuilding technology and engineering with the three prospective partners' manufacturing capabilities and cost competitiveness,” MHI said.