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NOVATEK, Mitsui O.S.K. Lines and JBIC Signed Cooperation Agreement

Tokyo, 26 September 2019. Today, PAO NOVATEK, Mitsui O.S.K. Lines, Ltd. (MOL) and Japan Bank for International Cooperation (JBIC) signed a Cooperation Agreement confirming the parties’ intentions to implement projects for the construction of a marine LNG transshipment complexes in the territory of Kamchatka and Murmansk region, including possible acquisition of participation interest in Projects and […]

The Flying Dutchman – Wind-Assist Propulsion Coming of Age: van Dam Shipping to install latest Ventifoil system from eConowind BV

Jan van Dam Shipping has signed a contract for the installation of an eConowind supplied wind assisted propulsion system on their 3,600 DWT general cargo vessel MV Ankie. The Spijk, Netherlands based company will take delivery of the Ventifoil system in Q4 2019. For eConowind BV, located in Groningen, Netherlands, it is the first commercial […]

First Atlantic LNG freight swap trade

LNG traders JERA Global Markets and Vitol have executed the first Atlantic LNG freight swap against The Baltic Exchange’s BLNG3 assessment in a bilateral trade arranged by Affinity Financial Products LLP. The BLNG3 assessment provides a freight rate benchmark for LNG shipments between Sabine Pass and Tokyo. The benchmark is on a time charter equivalent […]

Supporting gender equality, empowering women – World Maritime Day

On Thursday 26 September, IMO and the global maritime community celebrate the annual World Maritime Day, under the theme „Empowering Women in the Maritime Community“. „Gender equality has been recognized as one of the key platforms on which people can build a sustainable future. It is one of the 17 goals that underpin the UN’s Sustainable […]

World Premiere: Launching of the World’s Largest LNG-Powered Containership and Future CMA CGM Group Flagship

The CMA CGM JACQUES SAADE, the first in a new fleet of nine French-flagged, 23,000-TEU, LNG-powered containerships An outstanding tribute to the CMA CGM Group’s founder Packed with an extensive array of environmentally-friendly technologies CMA CGM, the world’s first maritime shipping company to choose LNG to power its ultra large containerships The CMA CGM Group, […]

International Symposium on Extreme Maritime Weather

Identifying ways to reduce the loss of life and property, damage to the environment, as well as disruptions to the economy from extreme maritime weather. Millions of dollars in goods and thousands of lives are still lost at sea each year due to extreme weather conditions. In the maritime environment, vessels of any size are […]

NYK Places Order for World’s Largest LNG-fueled PCTC

NYK has placed an order for the world largest pure car and truck carrier (PCTC) capable of navigating oceans with only LNG as the main fuel. A keel laying ceremony was held on September 20 at Shin Kurushima Toyohashi Shipbuilding Co. Ltd., and NYK managing corporate officer Takaya Soga and other related parties were in […]

ClassNK grants AIP on LPG Reformer for marine engines

Tokyo – Leading Classification Society ClassNK granted an Approval in Principle (AIP) to Osaka Gas for their joint project with Daihatsu Diesel on an LPG Reformer for marine engines. This was the first AIP granted in Japan for such equipment. The LPG Reformer is designed to convert LPG into synthetic methane gas equivalent to the kind found […]

IMO showcasing tangible progress at global Climate Action summit

IMO Secretary-General Kitack Lim has been reporting on the solid progress being made by the Organization to reduce GHG emissions from international shipping, in support of the 2030 Agenda for Sustainable Development, in particular SDG 13 on Climate change. ​The UN Climate Action Summit in New York (23 September) is giving global leaders the chance to show the world […]