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Klaipedos Nafta Bids for Cyprus LNG
Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) is partnering with the market leaders in the tender procedure for the design, construction…
MOL Indonesia Celebrate 25th Anniversary
Japanese shipping major Mitsui O.S.K. Lines (MOL) celebrated a major milestone-25 years since the launch of MOL business operations in Indonesia.The carriers of…
MOL’s LNG Pioneer Rescues 4 Castaways
Japanese shipping giant Mitsui O.S.K. Lines, Ltd (MOL) said that its liquefied natural gas (LNG)carrier LNG Pioneer safely rescued four castaways in the Pacific…
MOL Celebrates Marine Day with Kids
Japanese logistics major Mitsui O.S.K. Lines (MOL) announced that it marked the Marine Day holiday on Monday, July 15, by hosting a tour of the car carrier Emerald Ace at Harumi Pier…
Last Yamal LNG Arctic Ships on Sea Trials
The last of 15 Arc7-classed tankers ordered for the liquefied natural gas (LNG) production plant Yamal LNG in Russia's Arctic north are undergoing sea trials around a South Korean shipyard, Refinitiv Eikon shipping data showed on Monday.The Georgiy Ushakov and Yakov Gakkel LNG tankers are both in water at the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in South Korea and indicating they are performing sea trials, the data showed.
MOL Names 3rd Yamal LNG Carrier
Japanese logistics major Mitsui O.S.K. Lines (MOL) announced that a naming ceremony for an ice-breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping…
MOL LNG Carrier Rescues Castaway
Japanese shipowner Mitsui O.S.K. Lines (MOL) said that its liquefied natural gas (LNG) carrier 'Energy Advance' rescued a castaway in the Pacific Ocean about 970km…
ABS, MOL in Landmark Gas Carrier Pact
ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.ABS will provide plan review, survey, inspection and other classification services for vessels…
BV Joins the Int'l Windship Association
The decarbonization drive is gearing up to be the defining issue faced by the shipping sector in the coming decades and the industry is searching for low carbon and zero emissions technologies that will deliver on the International Maritime Organization (IMO) initial strategy of reducing emissions by at least 50% by 2050. One family of technologies that is seeing an upsurge of interest in the industry is wind-assist and primary wind propulsion solutions.
MOL Sets Terms of Green Bonds
Japanese shipping major Mitsui OSK Lines (MOL), the first company in Japan to issue sustainability bonds aimed at individual investors, has revealed interest and…
MOL to Renovate Nippon Maru
Japanese transport company Mitsui O.S.K. Lines, Ltd. (MOL) announced that its group company Mitsui O.S.K. Passenger Line, Ltd. (MOPAS) has scheduled a major renovation of its operated cruise ship…
MOL Tests Autonomous Ship Handling
Japanese shipping major MOL Group announced the completion of a demonstration test (from December 2018 to February 2019) using the TUMST training ship Shioji Maru…
Optimarin H1 Revenues Soar as BWMS Market Picks Up
Ballast water treatment (BWT) specialist Optimarin reports positive developments in the market today, with the first six months of 2019 showing a year-on-year doubling of revenues, orders and a substantial increase in EBITDA. The Norwegian-headquartered company, has recorded increased business activity in key shipping areas such as North West Europe, South East Asia and the Mediterranean, while segments such as offshore are showing signs of recovery.
MOL-JERA LNG Carrier Named Sohshu Maru
Japanese ocean transport company Mitsui O.S.K. Lines (MOL) named the newbuilding LNG carrier Sohshu Maru ordered by Trans Pacific Shipping 8, a joint venture between MOL and JERA Co.…
One MOL Safety Campaign From July 15
Japanese ocean transport company Mitsui O.S.K. Lines (MOL) announced that its annual safety campaign will begin on July 15, targeting all MOL Group-operated and…
MOL Works on Environmental Agenda
Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."Shpping…
MOL to Issue Sustainability Bonds
Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced its plan to issue “Sustainability Bonds” for the financing of a series of green projects.This is…
OOCL Chooses Navis StowMan
Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) has chosen the Navis stowage planning software StowMan for…
Market in Focus: Bulkers
NewbuildingMany Chinese companies have been stepping up in the bulker market with COSCO Shipping and Avic leasing placing orders at Chinese yards. Of the total 313 Bulkers ordered over the past year, nearly 40% have been Panamax vessels, demonstrating the hot market.Source: Vessels ValueSecond hand marketThe Bulker market as a whole has shown a softening in values over the past year. The main reason for this is due to the drop off in rates throughout the first quarter of 2019.
MOL Signs FSRU Charter Deal
Japanese shipping transport company Mitsui O.S.K. Lines (MOL) has signed a charter deal with Hong Kong LNG Terminal Limited for a floating storage and regasification…
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
MOL Invests in Fleet of the Future
Japan Seminar and Reception at the SMM Show
