Transport Co News

NYK agreed to obtain all the shares of Mitsubishi Ore Transport Co., Ltd. (MOT) from Mitsubishi Corp. (MC), Tokio Marine & Nichido Fire Insurance Co., Ltd. (Tokio Marine & Nichido), and Mitsubishi Heavy Industries, Ltd. (MHI), making MOT its wholly-owned subsidiary.MOT is a joint company of NYK, which owns a 40.28% stake, MC, Tokio Marine & Nichido, and MHI, mainly operating vessel management and ship-owning businesses with 17 ships consisting of bulkers, pure car and truck carriers, and wood-chip carriers.

To help foster interest and understanding of the maritime industry in the 'next generation,' earlier this week NYK welcomed students and parents from the Jacksonville Japanese School to board Apollon Leader, a pure car and truck carrier (PCTC) that was moored at the port of Jacksonville.The Jacksonville Japanese School opened in 2011 in Florida for children who can speak and understand Japanese at their appropriate grade levels, regardless of nationality, in addition to adults who have an interest in the language and culture.

PetroChina International has taken delivery of a large liquefied natural gas (LNG) carrier from China's Hudong-Zhonghua Shipbuilding Group Ltd, the first of three tankers ordered under a joint venture with state shipping firms.The vessel Shaolin, named after the renowned Chinese kungfu style, is designed to carry 174,000 cubic meters of the super-chilled fuel, PetroChina International said on its WeChat platform on Wednesday.The carrier is one of three vessels ordered in 2020 costing a total of $600 million by a joint venture between PetroChina International…

Among transportation planners, “resilience”, describing the ability to bounce back from adversities, both economic and other, has become a top consideration as we increasingly must “expect the unexpected.” The U.S. waterway system, covering the network of inland rivers and coastwise waterways, has seen a mix of good and not so good. As the 2020-2021 pandemic moves toward winding down, a recovery from the dismal 2020 is underway, but activity on the rivers is uneven. Ken Eriksen…

Inmarsat's Fleet Data provides data acquisition, processing, uploading, and interface links between engine and Nautilus Labs’ fleet optimization solution so that Mitsubishi Ore Transport and Diamond Bulk Carriers reap rewards of big data without hardware expense.Satellite communications company Inmarsat says it is helping to connect digital stakeholders for Asia Pacific’s first Fleet Data Premium project. Delivered for Diamond Bulk Carriers, the project requires no new hardware…

A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas to Asia trade route for the fast-growing commodity.The 'Al Safliyah', which can carry about 210,000 cubic metres of LNG, is on its way to Panama from the North Pacific after discharging a cargo from Qatar into Korea Gas Corp's (KOGAS) Tongyeong terminal on April 21, shipping data in Refinitiv Eikon showed."This is the first Q-Flex to transit the Panama Canal…

Australia on Monday reached a A$39.3 million ($29.66 million) out-of-court settlement with the owners of a Chinese coal carrier that ran aground in 2010 on the Great Barrier Reef. The settlement, dismissed by an environmental group as not enough, is less than a third of what the Australian government was seeking from the ship's owner - Shenzhen Energy Transport Co - for remediation costs after the 225-metre long Shen Neng 1 ran aground on the reef's Douglas Shoal. The fully-laden carrier was en route to China when it sailed outside the shipping lane and ran aground on April 3, 2010. Anti-fouling paint that peeled off the ship contained a highly toxic component, tributyltin, that is now banned from use.

China Energy Transport Co., Ltd. (China VLCC) has sold two secondhand VLCCs to an unrelated third party for a total price of $117.5mln. China VLCC is 51 percent owned by China Merchants Energy Shipping (CMES) and 49 percent owned by Sinotrans & CSC Group. It has signed agreements with two Marshall Island-registered companies, Coral Shipowning and Medal Shipowing, under which China VLCC will sell a 297,600 dwt VLCC of six to seven years old  to each of the two companies. The entry into force of the agreement remains subject to the Board of Directors of the company and the counterparty approved by the Board. Meanwhile, China VLCC has on Thursday taken delivery of a new VLCC named New Constant in Dalian, China.

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 7.9 percent rise in first-quarter net profit on Tuesday.   The company made a net profit of 240 million riyals ($65.91 million) in the three months ending March 31, it said in a statement.   This was up from a profit of 222.4 million riyals in the same period a year earlier.   One analyst polled by Reuters had forecast Nakilat's first quarter net profit would be 234.2 million riyals.   ($1 = 3.6413 Qatar riyals) (Reporting By Tom Arnold; editing by Matt Smith)

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn), up 10% on the same period last year. The healthy financial results reflect “Nakilat’s strategic development, the success of its joint ventures, and the company’s resilience in the challenging economic climate”, the company announced. The Board of Directors, whose chairman is the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada, stated that Nakilat was in an “excellent position to face the current economic situation”, as the company’s ships are on long-term charter hire contracts that are not impacted by temporary fluctuations in oil prices.

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 12.3 percent increase in second-quarter net profit on Tuesday, according to Reuters calculations. The company made a net profit of 267.8 million riyals ($73.6 million) in the three months ending June 30, Reuters calculations showed, using financial statements in lieu of a quarterly earnings breakdown. This is up from 238.4 million riyals a year earlier, while it exceeded the forecast of 259.1 million riyals made by QNB Financial Services. Nakilat recorded a net profit in the first six months of 2015 of 490.2 million riyals, up from 444.9 million riyals in the corresponding period of last year, it said in a statement.

The Society for Gas and Marine Fuel (SGMF) recently interviewed one of its members, Samir Bailouni of Nakilat (Qatar Gas Transport Co.). Bailouni weights in on Nakilat, LNG, the gas industry, and SGMF membership. Who are you, and what do you do? Services you provide? Products you offer? Nakilat is a Qatari company that ships LNG from Qatar mega projects to the world. Nakilat owns into 61 LNG vessels. We own 100% of 25 of our vessels, (all 14 QMax and 11 QFlex) and the others are 43% owned on aggregate. We also co-own four VLGCs.

Safely, efficiently lifting and handling increasingly heavy loads takes a hefty dose of the latest heavy lift products and systems. Rolls-Royce is a ubiquitous and growing force in all matters maritime, inching toward the one-stop-shop premise. It is particularly well known in the deck machinery sector, and it recently signed a deal with Detroit Chile SA to supply offshore cranes to nine PSVs under construction at Detroit Brasil Ltda. shipyard, in Itajaì, Brazil. The order includes nine ship sets of the dual draglink crane, making 18 cranes in total.

MacGregor has signed a new series of deck machinery orders for 12 vessels with the China-based Sinopacific Shipbuilding Group. This builds on a track-record of contracts that now stands at 150 shipsets of equipment successfully delivered and installed at Sinopacific yards. The orders were booked into the third quarter 2014 order intake. "These orders demonstrate Sinopacific's confidence and satisfaction with MacGregor equipment and its services," said Francis Wong, Vice President, Segment Sales, MacGregor Offshore.

Qatar Gas Transport Co (Nakilat), the Middle East's largest shipper of liquefied natural gas, reported a 16.6 percent rise in first-quarter profit on Sunday. The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31, up from 177 million riyals in the year-earlier period, according to a statement to Doha's bourse. QNB Financial Services had forecast Nakilat would make a quarterly profit of 205.6 million riyals. (Reporting by Matt Smith; editing by Olzhas Auyezov) ($1 = 3.6407 Qatar Riyals)

A boy and girl trapped in a sinking South Korean ferry with hundreds of other high school students tied their life jacket cords together, a diver who recovered their bodies said, presumably so they wouldn't float apart. The diver had to separate the two because he could not carry two corpses up to the surface at the same time. "I started to cry thinking that they didn't want to leave each other," he told the Kyunghyang Shinmun newspaper on the island of Jindo on Thursday, near where the overloaded ferry went down last week. The parents of the boy whose shaking voice first raised the alarm that an overloaded ferry was sinking believe his body has also been found, the coastguard said.

It should have been plain sailing for a South Korean ferry carrying hundreds of children and their teachers on an outing to the sub-tropical island of Jeju, an annual trip for Danwon High School. The Sewol had 476 passengers and crew on board, including 339 children and teachers. It had an experienced captain, was navigating well-known waters and had passed its annual inspections since it was bought second hand in 2012 by Chonghaejin Marine Co. Ltd. But prosecutors believe the vessel capsized after turning at too high a speed. Sixty-four people are known to have died and 238 are missing, presumed dead, mostly children. In an arrest document…

Qatar Gas Transport Co (Nakilat) said on Tuesday that a joint venture between it and Dutch shipbuilder Damen had won orders worth 3.1 billion riyals ($850 million) to build seven vessels for the Qatari armed forces. The vessels to be built by Nakilat Damen Shipyards Qatar comprise six high-speed patrol ships and a diving support vessel. They will be built in Qatar, Nakilat said without giving a timeframe. (Reporting by Andrew Torchia)

Reuters - Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 13 percent drop in fourth-quarter net profit on Tuesday. The company made a fourth-quarter profit of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier, according to Reuters calculations based on its financial statements. QNB Financial Services had forecast Nakilat would make a quarterly profit of 201 million riyals. Nakilat posted a 2013 net profit of 729 million riyals, compared with a profit of 765.5 million riyals in 2012, it said.

At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property and preserving the natural environment. "ABS' strength as a global classification society is drawn from its membership and the many regional, national and technical committees that contribute to the process of developing practical, impartial and authoritative standards," said ABS Chairman Robert D. Somerville. •    Robert G. •    James G. •    Maria F. •    Chow Yew Yuen, Keppel Offshore & Marine USA Inc. •    Dr. Jen-Hwa Chen, Chevron Shipping Co. •    Dr.

Mitsubishi Heavy Industries, Ltd. (MHI) and Hakata Shipbuilding Co., Ltd., of Imabari, Ehime Prefecture, have agreed to collaborate in the joint development of a 1,000 TEU (twenty-foot equivalent unit) container carrier. The two companies have received the first order for the carrier, for two vessels to be used for time chartering by Korea Marine Transport Co., Ltd. (KMTC) of Korea. Going forward the two companies intend to establish a framework advantageous for competing in the international feeder container ship market as a way of expanding their businesses. Under the collaborative agreement, MHI will be responsible for hull form development and conceptual design of the container carrier…

Tokyo, Japan, is the Newest Global Location for the Middletown, RI-Based Technology Company. KVH Industries, Inc., (Nasdaq:KVHI) has opened an office in Tokyo to further strengthen KVH's position in the market and to provide additional support to its Japanese partners. The opening of the KVH Industries Japan Co., Ltd., office reflects the growing market in Japan for KVH's maritime satellite communications solutions, which include the mini-VSAT Broadband(SM) service -- the world's leading maritime VSAT choice -- and the award-winning TracPhone(R) satellite communications systems. KVH Industries' Japanese partners include SKY Perfect JSAT Corporation, which provides the mini-VSAT Broadband service under the OceanBB brand name, as well as Furuno Electric Co., Ltd., and Japan Radio Co.

LNG Carrier Al Zubarah and Its Ship Management Company Earn Green Award Certificate. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the MOL-managed LNG carrier Al Zubarah and its ship management company MOL LNG Transport Co., Ltd. (President: Reizo Funakoshi), received a Green Award Certificate from the independent non-profit Green Award Foundation based in Rotterdam on December 13. The certificate, based on stringent audits, is given to vessels and ship management companies for excellence in safety and environmental protection. The Al Zubarah follows the LNG carrier Dukhan, managed by an MOL LNG Transport (Europe) Ltd. inLondon, which received the same certification in October.