Marubeni Corporation News

Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero), Marubeni Corporation, Sojitz Corporation, and other partners.Built by Samsung Heavy Industries in South Korea, the Jawa Satu FSRU has a storage capacity of 170,000 m3, with 300 MMcsfd of regasification capacity.The…

Greek shipowner Diana Shipping on Wednesday announced it has placed an order for two new methanol dual-fuel Kamsarmax bulk carriers from China's Tsuneishi Group (Zhoushan) Shipbuilding Inc.The 81,200 dwt newbuilds were ordered at a purchase price of $46 million each, Diana said. The vessels are expected to be delivered by the second half of 2027 and the first half of 2028, respectively.Diana in September 2023 announced it signed a letter of intent (LOI) to order the ships through…

Orca AI, headquartered in Israel and founded in 2018, has a simple yet complex premise: develop and deliver an intelligent safety platform for the maritime industry to prevent collisions. To date it has attracted attention and business globally, working with SeaSpan, NYK, MSC, Shell Shipping and Marubeni amongst others. Maritime Reporter TV recently caught up Orca AI CEO and co-founder Yarden Gross for insights on the reality today, and the promising potential for AI in the maritime sector.Yarden…

Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of $46 million each, built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China.The vessels are expected to be delivered by the second half of 2027 and the first half of 2028 respectively. The transaction remains…

After three successful years as joint partners of Baumarine by MaruKlav, the world's largest Panamax Pool, Marubeni will take a 25% stake of Klaveness Dry Bulk.The deal includes the operating arm Klaveness Chartering, the Baumarine Pool and Market Manager, a recently commercialized digital freight offering."The Torvald Klaveness group and Klaveness Dry Bulk have delivered significant results, not only for the Marubeni fleet, but also for Panamax owners in Baumarine by MaruKlav as a whole,” said Toru Okazaki, Chief Operating Officer, Aerospace & Ship Division of Marubeni Corporation.

Japan-based Marubeni Corporation and bound4blue, a Spanish engineering company which manufactures and sells a wind propulsion system, have concluded entered a sales partnership.Marubeni will promote retail activities for bound4blue’s suction-type eSAILs both domestically and internationally and will act as the exclusive business partner in the Japanese market.The basic principles of eSAIL are similar to those underlying the generation of lifting power by airplane wings. The sucking of air into the eSAIL also smooths the flow of wind around its body…

A vessel’s fuel consumption and CO2 emissions can be reduced by up to 7.3% by using voyage optimization software, a recent study shows. Moreover, the analysis shows that voyage optimization can improve a vessel’s CII by an average of 5-6%, enabling ships to maintain their ratings for an additional two to three years.NAPA, a maritime software and data analysis expert, and classification society Nippon Kaiji Kyokai (ClassNK) announced the results of a joint study conducted with Marubeni Corporation…

MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore signed an agreement with bound4blue to install four suction sails on the Crimson Kingdom, making it the first wind-assisted vessel owned by Marubeni. According to the preliminary studies, the 229-m Panamax bulk carrier will be retrofitted in 2023/24 with four 26-m eSAILs, expected to be the largest suction sails ever built and installed on a vessel. After the installation, the vessel will be operated by MaruKlav Management Inc.…

Japan's Marubeni Corporation announced it has conducted a trial voyage onboard one of its chartered ethylene carriers using a marine biofuel blend, from Vlissingen, the Netherlands to Morgan's Point, Texas, as the maritime industry continues to explore ways to decarbonize its operations."To the best of our knowledge, this is the first biofuel supply to an ethylene carrier in the world," the company said. "The voyage was aimed at understanding whether technical issues such as combustibility…

Ship management company Fleet Management Limited (FLEET), part of the Caravel Group, said it has launched a new integrated ship management unit – MaruFleet Management Pte Ltd – in Singapore in collaboration with MMSL Pte. Ltd. (MMSL), a Singapore subsidiary of Marubeni Corporation. MaruFleet will provide dedicated ship management services to MMSL. Kishore Rajvanshy, FLEET Managing Director, said the relationship between FLEET and Marubeni began in 2014 when FLEET began to manage MMSL’s first Supramax bulk carrier, Crimson Queen.

Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. (MOL) are working together to develop a dual-fuel methanol/very-low sulfur fuel oil powered vessel to ship methanol from Russia.On September3, during the Eastern Economic Forum in Vladivostok, Russia, the Japanese firms signed a memorandum of understanding (MOU) with the Ministry of the Russian Federation for Development of the Far East and the Arctic Regions, State Development Corporation VEB.RF, VTB Bank and ESN Limited Liability Company (ESN Group) to commence a joint study to build…

Eneti, a company until recently known as Scorpio Bulkers, has completed the exit from its bulk carrier business and has also completed the acquisition of Seajacks, boosting its offshore wind ambitions.In its quarterly results release on Tuesday, Eneti said it had on August 12 completed the previously announced transaction to acquire offshore wind installation firm Seajacks for consideration of around 8.13 million shares, $302 million of assumed net debt, $71 million of newly-issued redeemable notes, and $12 million of cash.

Offshore wind services company Eneti announced on Thursday it has entered into an agreement to acquire rival Seajacks, creating one of the world's largest, most capable fleets of wind turbine installation vessels (WTIV).Eneti said its deal with sellers Marubeni Corporation, INCJ, Ltd. and Mitsui O.S.K., Lines Ltd. will see it acquire 100% of Atlantis Investorco Limited, the parent of Seajacks International Limited, for consideration of approximately 8.13 million shares, $299 million of assumed net debt, $74 million of newly-issued redeemable notes, and $12 million of cash.

MHI Vestas Offshore Wind has signed a firm order with Akita Offshore Wind Corporation (AOW) to supply turbines for the Akita Noshiro Offshore Wind Farm (OWF) Project. This is the first firm order in Japan for the Danish wind turbines manufacturer."In a sector first for a utility-scale project in Japan, MHI Vestas Offshore Wind has completed firm and unconditional orders to supply turbines for the Akita and Noshiro offshore wind farms, jointly referred to as the Akita Noshiro Offshore Wind Farm Project," said a press release from the company.The wind farms have an expected combined output of 139 MW.MHI Vestas will supply 33 V117-4.2 MW turbines in total, to be installed with fixed-bottom foundations at both sites.

Norwegian dry bulk operator Torvald Klaveness and Japanese trading house Marubeni have merged their panamax pool activities into a new jointly-owned pool management company called Maruklav Management.Maruklav, claimed to be the world's biggest panamax bulker pool, will be led by Michael Jørgensen as the company MD, with Masashi Kobayashi from Marubeni as Deputy MD. The combination of existing fleets in the MG Harrison Shipping and Baumarine Pools will see the venture with a fleet of approximately 30 vessels starting operations in early April."Combining the strengths of major trading house Marubeni and long-term Owner and Operator Klaveness will not only leverage individual capabilities…

Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O.S.K. Lines (MOL), and Marubeni Corporation have agreed that Mitsui, MOL, and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing  FPSO for use on the Búzios field off the coast of Brazil.Based on these agreements, Mitsui, MOL and Marubeni will invest in Buzios5 MV32 B.V. (MV32), a Dutch company established by MODEC, and the Companies will proceed with the Project jointly.MV32 has entered into a long-term charter agreement for the deployment of the FPSO with Petróleo Brasileiro S.A.

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has partnered with Hiroshima University, the National Institute of Maritime, Port and Aviation Technology and Marubeni Corporation to jointly work on research and analysis of maritime logistics and shipping market conditions using artificial intelligence (AI).In recent years, it has become possible to use comprehensive, chronologically ordered ship movement and static data, such as position (coordinate information), speed, direction, port of call and drafts, for ships with over 300 gross tonnage traveling internationally. This data is being applied in a variety of ways.Additionally…

Australian Industrial Energy (AIE) said it has reached a preliminary agreement with EnergyAustralia to provide 15PJs of natural gas per annum, from its Port Kembla gas terminal (PKGT).PKGT is one of five proposed LNG import terminals that could help meet a looming gas shortage in southeastern Australia, even as the country is set to become the world’s top LNG exporter.Commencing 1 January 2021, the five-year contract will supply gas for EnergyAustralia’s residential and industrial customers as well as for electricity generation.This announcement follows the NSW Government’s decision in April 2019 to award development consent to AIE’s PKGT…

Japanese ship building marine engineering and service company Imabari Shipbuilding, with the cooperation of Marubeni Corporation,has secured a newbuilding order of twelve units of 11,000TEU Container Carriers for Evergreen Line, Taiwan.Having dimensions of about 334m in length with about 48.4m breadth service speed in about 23 knots, loading capacity is over 11,000TEU, said a press release."Like our other Ultra large-size containers with track record, this Vessel is adopted with eco-friendly hull form design and Twin-Islander enhancing more loading capacity to compare with our former design," it said.Also, she is able to go on many service routes such as between Asia - North/South America - Europe flexibly to restrict her breadth below 49m for passing through the new Panama Canal…

Mitsui O.S.K. Lines (MOL) has announced that the company has signed deals for construction of a floating storage and regasification unit (FSRU), FSRU services, and financing for the Jawa 1 Gas-Fired Project, through PT Jawa Satu Regas (JSR), a joint company of PT Pertamina (Persero), Marubeni Corporation, and Sojitz Corporation etc.MOL is entrusted with FSRU construction supervision, maintenance, and operation services.In this project, PT Jawa Satu Power(JSP), jointly established by Pertamina, Marubeni, and Sojitz, will build, own, and operate a gas-fired power plant with a generating capacity of 1,760MW in Indonesia's West Java province while JSR will build…

Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. "MODEC, Mitsui, Mitsui O.S.K. Lines, Marubeni Corporation and Mitsui Engineering & Shipbuilding Co have agreed to jointly invest in a long-term charter business currently promoted by MODEC, for providing a FPSO in the Sepia Area, off the coast of Brazil," said a press release. These companies have entered into related agreements for the FPSO project on January 9, 2018. The FPSO will be chartered for 21 years under this charter agreement which was signed on October 13, 2017.

Marubeni Corporation started a joint feasibility study with PTT Public Company Limited, Thailand`s national petroleum and petrochemical company, which aims at implementing LNG refueling to ships in Laem Chabang Port, the largest industrial port in Thailand. The regulation of exhaust gas will be tightened from 2020, and since LNG is an environmentally friendly fuel, ships that use LNG for fuel (LNG fueled ships) are expected to increase. In Laem Chabang Port, where more than 8,000 ships arrive and leave annually, a third expansion plan is being implemented with the demand for LNG bunkering expected to grow in this area due to increased exports and the tightening of environmental regulations.

Mitsui O.S.K. Lines (MOL) and Marubeni Corporation signed a Memorandum of Understanding (MOU) in Moscow with PAO NOVATEK, Russia's largest independent gas production and sales company, to conduct a joint feasibility study aimed at establishing an LNG transshipment and marketing complex in the Kamchatka area. This Project will create offshore infrastructure to transship LNG cargoes from ice-breaking LNG ships to standard LNG ships. The LNG will be produced in LNG projects NOVATEK is implementing in the Arctic region. The Project will ensure flexible LNG supply to the Asia-Pacific region. Marubeni and MOL will contribute not only to the mutual relationship between Japan and Russia, but to the stable supply of LNG to the Asian-Pacific region including Japan.