krogragg

Category: Japan

  • Radziwill’s CTM adds firepower with new investors

    Radziwill’s CTM adds firepower with new investors Bermuda-domiciled dry bulk operator C Transport Maritime has brought Japan’s Tokyo Century Corporation and Norway’s Barque onto its register as new shareholders. As part of the deal, both investors have taken equity stakes in the company and appointed representatives to the board. Financial details were not disclosed. CTM…

  • NYK and Ocean Yield expand LNG carrier series to eight ships

    NYK and Ocean Yield expand LNG carrier series to eight ships Japan’s Nippon Yusen Kaisha (NYK) and Norwegian shipleasing specialist Ocean Yield have bolstered their LNG carrier programme after declaring options for additional newbuildings to serve long-term charters with Cheniere Energy. The partners have doubled their orderbook at HD Hyundai Heavy Industries to eight large…

  • CMA CGM fills gap between Japan and Europe

    CMA CGM fills gap between Japan and Europe France’s CMA CGM is filling a gap linking the world’s third largest economy with the continent of Europe, launching Ocean Rise Express (OCR), a new weekly direct service linking Japan and South China straight to North Europe, offering what the carrier says are the best transit times…

  • Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run

    Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run One of the best-known names in container shipping is stepping back from his frontline role. Jeremy Nixon, who has been CEO of Japanese liner Ocean Network Express (ONE) since it was founded in 2018, will move aside at the start of July,…

  • Fednav returns to Oshima for new handysize series

    Fednav returns to Oshima for new handysize series Canadian dry bulk owner and operator Fednav is heading back to Japan for a new series of handysize bulkers, marking its latest move in the newbuilding market. The Montreal-based company has signed a letter of intent with Oshima Shipbuilding for four 35,000 dwt lakers, with deliveries scheduled…

  • NYK and Ocean Yield clinch LNG carrier deal with Cheniere

    NYK and Ocean Yield clinch LNG carrier deal with Cheniere Japan’s Nippon Yusen Kaisha (NYK), together with Norwegian shipleasing player Ocean Yield, has locked in long-term charter contracts for a series of new liquefied natural gas carriers with US LNG heavyweight Cheniere. The fixture confirms market talk that emerged in December when NYK and Ocean…

  • MOL Chemical Tankers readies leadership change

    MOL Chemical Tankers readies leadership change MOL Chemical Tankers has announced a change at the top, with chief executive Akira Sasa set to retire at the end of March. Sasa, who took over as president and CEO in April 2022, joined the Singapore-based chemical tanker operator as a director in 2020 and has led the…

  • PSA and MOL step up Singapore car carrier push

    PSA and MOL step up Singapore car carrier push PSA Singapore and Japanese shipping major Mitsui OSK Lines (MOL) have agreed to form a joint venture to run a dedicated roro terminal in the Lion City, tightening their grip on one of Asia’s busiest automotive transhipment hubs. The terminal, subject to regulatory approval, is expected…

  • Wan Hai tightens grip on Japan routes with Osaka terminal investment

    Wan Hai tightens grip on Japan routes with Osaka terminal investment Taiwanese containerline Wan Hai Lines is moving deeper into Japanese port infrastructure with the acquisition of Terminal C9 at Osaka Port, spending about $87m to strengthen its core intra-Asia network. The Taipei-headquartered carrier said in a Taiwan Stock Exchange filing that its board approved…

  • Modec taps DOF for FPSO mooring gig off Guyana

    Modec taps DOF for FPSO mooring gig off Guyana Norwegian offshore vessel owner DOF has won a turn-key contract award with Modec’s Guyana arm for the provision of mooring pre-lay for the Hammerhead FPSO project offshore Guyana. DOF’s North America subsea team will provide in-house project management, engineering, procurement, logistics, transportation and installation utilising DOF’s…

  • Kyoei Tanker adds VLCC slot at JMU

    Kyoei Tanker adds VLCC slot at JMU Japanese owner Kyoei Tanker is expanding its VLCC fleet with a 310,000 newbuild ordered at Japan Marine United’s Ariake yard, with delivery slated for 2029. The Tokyo-based company confirmed the vessel will be acquired through a shared ownership structure, following board approval and final sign-off by partners late…

  • MOL plugs into Singapore electric vessel start-up Pyxis

    MOL plugs into Singapore electric vessel start-up Pyxis MOL PLUS, the investment arm of Japanese shipping giant Mitsui OSK Lines (MOL), has taken a stake in Singapore-based electric vessel developer Pyxis Maritime. The investment targets both electric harbour craft and the charging stations, with a focus on commercial roll-out rather than pilot projects. Pyxis develops…

  • MOL and ITOCHU perform Japan’s first environmental attribute certificate trade

    MOL and ITOCHU perform Japan’s first environmental attribute certificate trade Japanese trading company ITOCHU Corporation and shipping major Mitsui O.S.K. Lines (MOL) have signed […] The post MOL and ITOCHU perform Japan’s first environmental attribute certificate trade appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • UK firm’s subsea technology ordered for Japanese offshore wind

    UK firm’s subsea technology ordered for Japanese offshore wind Japanese submarine cable installation specialist SEKIKAIJI Industry has purchased a trencher and advanced cable […] The post UK firm’s subsea technology ordered for Japanese offshore wind appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Castor Maritime enters sale and leaseback deal for kamsarmax

    Castor Maritime enters sale and leaseback deal for kamsarmax Cyprus-based owner Castor Maritime has signed a sale and leaseback agreement for a bulk carrier vessel. The company signed the agreement for the 2013-built kamsarmax Magic Perseus bulker with a Japanese counterparty. The transaction is set to be completed in January 2026. The bareboat financing amounts…

  • Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards

    Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn…

  • Samudera and Imoto set up Japan coastal shipping venture

    Samudera and Imoto set up Japan coastal shipping venture Singapore-listed Indonesian owner Samudera Shipping Line is stepping deeper into the Japanese market through a new joint venture with Imoto Corporation, part of the Imoto Lines Group. Through its wholly owned unit in Japan, Samudera has signed an agreement with Imoto to set up Blue Ocean…

  • NYK and MOL agree $72m payout in UK car carrier cartel case

    NYK and MOL agree $72m payout in UK car carrier cartel case Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches…

  • Capes changing hands for increasing sums

    Capes changing hands for increasing sums The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark—levels not seen in years. Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt…

  • Norsepower wins contract to install rotor sails on two Japanese VLCCs

    Norsepower wins contract to install rotor sails on two Japanese VLCCs Norsepower has won the contract to install rotor sails on a pair of methanol-fuelled VLCCs in a world-first for shipping. Japan’s Idemitsu Tanker first revealed its contract to build these new-look ships in May this year, signing with Japan Marine United Corporation (JMU) and…

  • Odfjell and Nissen Kaiun team up in new chemical tanker venture

    Odfjell and Nissen Kaiun team up in new chemical tanker venture Norwegian chemical tanker owner Odfjell has joined forces with Japanese shipping major Nissen Kaiun to launch a new Bergen-based joint venture for operating stainless-steel chemical tankers. The new company, Odfjell Hakata Maritime, will pool 10 modern chemical tankers contributed equally by the two partners.…

  • Japan’s shipbuilders seek $2.3bn injection to double output

    Japan’s shipbuilders seek $2.3bn injection to double output Japan’s shipbuilders are mounting their most ambitious modernisation drive in decades, seeking a ¥350bn ($2.3bn) government-backed injection to double national shipbuilding output within 10 years. The plan, unveiled on Wednesday by the Shipbuilders’ Association of Japan (SAJ) ahead of a meeting with the ruling Liberal Democratic Party…

  • Shipping heavyweights join bid to standardise emissions tracking

    Shipping heavyweights join bid to standardise emissions tracking Carbon Measures, a new global coalition representing major businesses from diverse industries and geographies, including famous names from shipping, ports and large charterers, has launched this week seeking to establish what they claim is a more accurate carbon accounting framework as well as to drive market-based solutions…

  • DeepSea: The autonomy age is here

    DeepSea: The autonomy age is here 2026 will be the year autonomy takes off in cargo shipping, specifically with regards to propulsion automation, followed by full navigation automation in the forthcoming years, predicts Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea, one of maritime’s best-known AI brands. A number of leading ship operators have been quietly working…

  • ORIX steps in to save Japan’s greying shipowning class

    ORIX steps in to save Japan’s greying shipowning class Japan is well known for its acute demographic timebomb. More than 29% of its population is aged 65 or older — the highest proportion globally — while the birth rate continues to fall, reaching a record low in 2024. The working-age population is shrinking rapidly, straining…

  • NYK seals CTV newbuild deal for domestic offshore wind project

    NYK seals CTV newbuild deal for domestic offshore wind project Japan’s Nippon Yusen Kaisha (NYK) has signed a long-term charter deal with Oga Katagami Akita Offshore Green Energy for a domestically built crew transfer vessel (CTV) that will serve the country’s first offshore wind farm developed in general sea areas. The vessel will be built…

  • MOL’s 98% methane slip cut hands LNG a lifeline ahead of key IMO showdown

    MOL’s 98% methane slip cut hands LNG a lifeline ahead of key IMO showdown Japan’s Mitsui OSK Lines (MOL) has achieved a 98% reduction in methane slip during sea trials — a leap that could reshape the emissions profile of LNG-fuelled tonnage ahead of next week’s Marine Environment Protection Committee meeting at the International Maritime…

  • Total lack of safety culture laid bare in Wakashio disaster

    Total lack of safety culture laid bare in Wakashio disaster Mauritius has finally published the long-suppressed Court of Investigation report into the 2020 grounding of the Wakashio. The findings are damning — exposing what investigators call a “total lack of safety culture on board the Wakashio,” a disaster born from distraction, negligence, and systemic oversight…

  • Diana Shipping charters out kamsarmax to NYK Line

    Diana Shipping charters out kamsarmax to NYK Line Greek bulker owner Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax dry bulk vessels. The company hired the 2014-built, 82,165 dwt bulker Leonidas P. C. The gross charter rate is $14,000 per day, minus…

  • New data clears biofuels for extended deployment

    New data clears biofuels for extended deployment The Global Centre for Maritime Decarbonisation (GCMD) has published results from its six-month Project LOTUS trial, showing that long-term use of biofuels on oceangoing ships can be done safely without hitting performance or costs. Launched with Japan’s Nippon Yusen Kaisha in May 2024, the project put a B24…

  • Turkey’s GSD Marin returns to Japan for fresh ultramax order

    Turkey’s GSD Marin returns to Japan for fresh ultramax order Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029. The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a…

  • Splash Wrap: From tankers to tech

    Splash Wrap: From tankers to tech Unquestionably, the big news this week came from Singapore, where BW-controlled Hafnia made a move for rival product tanker giant Torm. Hafnia is acquiring a 14.45% holding in its Danish rival from Oaktree Capital Management in a deal worth about $311.4m leading many analysts to speculate whether this is…

  • Shipping heavyweights invest in AI safety firm Captain’s Eye

    Shipping heavyweights invest in AI safety firm Captain’s Eye AI safety technology firm Captain’s Eye has completed its Series A funding round, bringing in backing from major shipping groups Eastern Pacific Shipping (EPS), MOL PLUS of Mitsui OSK Lines, and The Caravel Group. The investors, which collectively control or manage more than 1,700 ships, are…

  • Nam Cheong pulls plug on Japan OSV contract

    Nam Cheong pulls plug on Japan OSV contract Malaysia’s Nam Cheong has terminated a charter deal for one of its offshore support vessels with an offshore wind farm contractor in Japan after the charterer failed to meet its obligations. The Singapore-listed company said the contract collapsed following the cancellation of the charterer’s downstream agreement with…

  • Japan delivers world’s first commercial ammonia-fuelled engine

    Japan delivers world’s first commercial ammonia-fuelled engine Japan Engine Corporation (J-ENG) has claimed a significant step in shipping’s decarbonisation drive with the completion of the world’s first full-scale commercial ammonia-fuelled engine. The seven-cylinder, 50 cm bore 7UEC50LSJA-HPSCR engine was finalised on August 30, following official test runs at J-ENG’s factory in Akashi under the supervision…

  • Egypt, Japan set sights on green marine fuels and industrial cooperation

    Egypt, Japan set sights on green marine fuels and industrial cooperation The General Authority for the Suez Canal Economic Zone (SCZONE) has held talks with […] The post Egypt, Japan set sights on green marine fuels and industrial cooperation appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Cheniere signs 20-year LNG supply deal with JERA

    Cheniere signs 20-year LNG supply deal with JERA Cheniere Marketing, a subsidiary of U.S. player Cheniere Energy, has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Japan’s JERA. The post Cheniere signs 20-year LNG supply deal with JERA appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz

  • BP and JERA’s offshore wind alliance takes off

    BP and JERA’s offshore wind alliance takes off Energy major BP and Japan’s largest utility JERA have completed the formation of their equally-owned offshore wind business JERA Nex BP. JERA Nex BP’s portfolio of operating assets and development projects has a net potential generating capacity of 13GW. This includes around 1GW of installed net generating…

  • NYK and Chuo University to explore shipborne sea life for human health gains

    NYK and Chuo University to explore shipborne sea life for human health gains Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) and Chuo University have recently launched a joint research initiative to discover novel natural products from marine organisms. The project aims to identify previously unknown substances that may have beneficial applications for humanity, including potential…

  • MOL launches global shipmanagement arm

    MOL launches global shipmanagement arm Japan’s Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The…

  • USTR threat hits Chinese shipyards as global orders slump

    USTR threat hits Chinese shipyards as global orders slump A contraction in Chinese shipbuilding orders has been registered in the first half of 2025, with Beijing’s once unassailable dominance increasingly under pressure from geopolitical tensions and a softening global market. According to new data from BIMCO, China’s share of newbuilding contracts dropped from 72% to…

  • Itochu orders world’s first ammonia bunkering vessel

    Itochu orders world’s first ammonia bunkering vessel Japanese trading giant Itochu Corporation is set to operate the world’s first ammonia bunkering vessel by September 2027. Itochu, via its Singapore bunkering subsidiary, has signed a shipbuilding contract for the construction of a 5,000 cu m ammonia bunkering vessel with Sasaki Shipbuilding and an agreement regarding the…

  • MOL links up with ONGC for VLEC newbuilds

    MOL links up with ONGC for VLEC newbuilds Japanese shipowner Mitsui OSK Lines (MOL) is partnering up with India’s Oil and Natural Gas Corporation (ONGC) to build and operate very large ethane carriers (VLECs). According to the expression of interest, the deal, structured as a joint ventur,e will see the contracting of two newbuild VLECs…

  • Imabari to take control of Japan Marine United

    Imabari to take control of Japan Marine United Consolidation – and by extension greater focus and economies of scale – continues in the revived Japanese shipbuilding sector with news that Imabari Shipbuilding, the nation’s top yard, is to take control of Japan Marine United (JMU). The Higaki family-controlled Imabari announced yesterday it will up its…

  • Japan seeks to double shipbuilding output by 2030

    Japan seeks to double shipbuilding output by 2030 Japan is weighing bold steps to rejuvenate its once-dominant shipbuilding industry, including the establishment of a government-backed national shipyard, as part of a wider strategy to restore maritime manufacturing capabilities critical to national security. The proposal, submitted to prime minister Shigeru Ishiba by the ruling Liberal Democratic…

  • K Line teams with Provaris in hydrogen carrier drive

    K Line teams with Provaris in hydrogen carrier drive Japanese shipping major Kawasaki Kisen Kaisha (K Line) has partnered up with Australia’s Provaris Energy to advance compressed hydrogen shipping and offshore storage solutions. The two companies have signed a 12-month memorandum of understanding (MoU) to jointly explore the development, construction, and operation of Provaris’ H2Neo…

  • MOL, Petronas, and MISC launch liquefied CO2 shipping venture

    MOL, Petronas, and MISC launch liquefied CO2 shipping venture Japanese shipping giant Mitsui OSK Lines (MOL), Malaysian state energy firm Petronas and the country’s top shipping line, MISC, have launched a joint venture to build and operate liquefied carbon dioxide (LCO2) carriers. The JV called Jules Nautica will aim to become a leading owner of…

  • Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series

    Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series Japanese shipowner Shinomiya Tanker has reportedly commissioned three compatriot yards for five handysize bulker newbuildings. The Tokushima-based company has placed a single 40,000 dwt vessel at Naikai Zosen, with two additional ships each ordered from Imabari Shipbuilding and Hakodate Dockyard at $33m apiece. The first…

  • DryDel inks ultramax order in Japan

    DryDel inks ultramax order in Japan Greek bulker owner and operator DryDel Shipping is expanding its fleet with an ultramax newbuilding deal in Japan. The Costas Dellaportas-led company has penned a contract with Nihon Shipyard to see the 64,000 dwt vessel delivered in 2028. Financial terms have not been divulged. The order marks the 10th…

  • ONE and Hapag-Lloyd line up more than 30 newbuild contracts

    ONE and Hapag-Lloyd line up more than 30 newbuild contracts Alphaliner is reporting that Ocean Network Express (ONE) and Hapag-Lloyd are close to finalising big orders in Asia as the record global container orderbook nears 10m teu. Singapore-based, Japanese-owned ONE is in discussions with HD Hyundai in South Korea for up to twelve 16,000 teu…

  • Japan-US Shipbuilding Revitalization Fund under discussion

    Japan-US Shipbuilding Revitalization Fund under discussion The Japanese government will issue a major new shipbuilding directive next month, aimed to revive an industry it used to lead the world in, as well as using the nation’s yards as a bargaining chip in trade talks with the Donald Trump administration in the US.  Using the 2022-promulgated…

  • Japan consortium to seek ‘deeper’ pathways toward a carbon-neutral future

    Japan consortium to seek ‘deeper’ pathways toward a carbon-neutral future A consortium consisting of seventeen Japanese organizations has jointly launched a social collaboration program […] The post Japan consortium to seek ‘deeper’ pathways toward a carbon-neutral future appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Why diversity makes business sense

    Why diversity makes business sense On International Women in Maritime Day, Sakura Kuma, senior advisor at Mitsui OSK Lines (MOL), outlines how the maritime industry could more effectively make use of its innate diversity.  Shipping is a truly international business and I was drawn to a career in the industry as the result of the…

  • Nissen Kaiun in for HD Hyundai Mipo LPG brace

    Nissen Kaiun in for HD Hyundai Mipo LPG brace Low-profile shipowner Nissen Kaiun has returned to HD Hyundai Mipo Dockyard in Ulsan for a pair of LPR carriers. Multiple newbuilding sources have listed the Japanese shipping mammoth with two 45,000 cu m units booked at $73.5m each for delivery in 2027. The owner of more…

  • World’s second-largest owner opens Washington office

    World’s second-largest owner opens Washington office In a sign of the times, Japan’s Mitsui OSK Lines (MOL), the world’s second-largest shipowner, will open a new office in Washington, DC. “As global challenges continue to evolve-ranging from geopolitical uncertainties and stricter environmental regulations to increasingly intricate supply chains-strengthening cooperation with governments and international organizations has become…

  • Japanese and Korean yards with investments in China on edge

    Japanese and Korean yards with investments in China on edge With Donald Trump widely tipped to pass judgement on extra fees for Chinese-linked tonnage calling at US ports in the next couple of days, another wrinkle has emerged that has not been widely discussed in Washington to date.  Trump’s tariff war against China late last…

  • NYK reveals new dry bulk player via triple merger

    NYK reveals new dry bulk player via triple merger Japanese shipping line Nippon Yusen Kaisha (NYK) is rolling out a new player in the dry bulk sector through a merger of three of its shipping and shipmanagement subsidiaries. Asahi Shipping, Hachiuma Steamship and Mitsubishi Ore Transport are set to combine into NYK Bulkship Partners. The…

  • Eneos Drilling seals jackup deal in Vietnam

    Eneos Drilling seals jackup deal in Vietnam Japanese offshore contractor Eneos Drilling has secured employment for one of its jackup rigs in Vietnam. The Tokyo-based subsidiary of Eneos Xplora has fixed the 2018-built Hakuryu-14 to Japan Vietnam Petroleum Company for work on two wells in Block 15-2 offshore Vung Tau. The contract is set to…

  • NYK and Yara link up for ammonia-fuelled gas carrier newbuild

    NYK and Yara link up for ammonia-fuelled gas carrier newbuild Japanese shipping line Nippon Yusen Kaisha (NYK) has secured a charter deal from Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara for an ammonia-fuelled medium gas carrier. Described as the world’s first charter for such a vessel, the deal will see a…

  • OKI’s AI-driven technology to classify ships using underwater sounds

    OKI’s AI-driven technology to classify ships using underwater sounds Japanese information and telecommunication expert OKI has developed a ship classification AI system technology which automatically classifies ship types through deep learning of underwater sounds. This technology makes it possible to continuously and automatically acquire ship classification data, even in environments such as busy ports with…

  • Economou’s TMS Group enters leasing deal for newest LNG carrier

    Economou’s TMS Group enters leasing deal for newest LNG carrier Japan’s SBI Leasing Services has partnered with France’s BNP Paribas to arrange a leasing agreement with George Economou-led TMS Group for the newly built Athos LNG carrier. The vessel was completed in September last year at Samsung Heavy Industries in South Korea. The 174,000 cu…

  • GSB Tankers and Asahi Tanker form chemical tanker JV

    GSB Tankers and Asahi Tanker form chemical tanker JV GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial management of chemical tankers ranging from 10,000 to 15,000 dwt. ACTA is headquartered in Singapore, with an additional office in Tokyo. Initially, the joint venture will…

  • NYK establishes offshore wind CTV joint venture

    NYK establishes offshore wind CTV joint venture Japan’s Nippon Yusen Kaisha (NYK) has launched a crew transfer vessel shipmanagement joint venture for domestic offshore wind projects. The jv company Japan Offshore Support (JOS), in which NYK will hold a 51% stake, has been established with local towing player Akita Eisen Kisen Kaisha, following a memorandum…

  • MOL to develop green corridor linking Portugal and Northern Europe

    MOL to develop green corridor linking Portugal and Northern Europe Japan’s largest shipowner Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with the producer of green chemicals and gases Madoqua Renewables. This green corridor project aims to establish a shipping route utilising…

  • Revisiting national security in the context of global commerce

    Revisiting national security in the context of global commerce In light of the US rejection of the Nippon Steel and US Steel deal, Wolfgang Lehmacher discusses the ongoing erosion of trade agreements. The erosion of trade agreements, particularly through the invocation of national security exceptions, poses significant challenges to the international economic landscape. The recent…

  • JERA and BP-led partnerships win Japanese offshore wind auction

    JERA and BP-led partnerships win Japanese offshore wind auction Japan’s industry and land ministries have selected JERA and BP-led consortiums as operators for two offshore wind blocks in the country’s third auction round. The JERA-led consortium, which also includes Green Power Investment and Tohoku Electric Power, won the 615MW wind farm on the southern side…

  • MOL hires cape from Diana Shipping

    MOL hires cape from Diana Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s largest shipowner Mitsui O.S.K. Lines (MOL) for one of its capesize vessels. The company hired the 2015-built, 179,426 dwt bulker Santa Barbara. The gross charter rate is $22,000 per day, minus a 5% commission…

  • Doun Kisen bulks up with four newbuilds in China

    Doun Kisen bulks up with four newbuilds in China Japan’s Doun Kisen has boosted its bulk carrier orderbook in China with four additional newbuilds. Multiple broking outfits report the diversified shipowner has returned to Nantong Xiangyu Shipbuilding & Offshore Engineering for a pair of kamsarmax and ultramax vessels each. The 82,000 dwt and 63,500 dwt…

  • Kawasaki Heavy scales back hydrogen ambitions

    Kawasaki Heavy scales back hydrogen ambitions Kawasaki Heavy Industries is ditching plans to source hydrogen from Australian brown coal, due to delays in construction approvals. Kawasaki Heavy will now source hydrogen on home soil in Japan, and will focus on smaller hydrogen carriers than originally envisaged.  Kawasaki Heavy, which has been operating the world’s first liquified…

  • MOL orders ammonia dual-fuel newcastlemaxes

    MOL orders ammonia dual-fuel newcastlemaxes Mitsui OSK Lines (MOL) has beefed up its orderbook with a new deal for newcastlemax bulk carriers in China. Newbuilding brokers say the Japanese shipping giant has contracted four 210,000 dwt units at leading newcastlemax builder CSSC Qingdao Beihai Shipbuilding for delivery in 2027 and 2028. MOL had ordered three…

  • Investors sought to take over Sri Lanka’s top shipyard

    Investors sought to take over Sri Lanka’s top shipyard Japan’s Onomichi Dockyard is cashing out of Sri Lanka’s largest shipyard. The Japanese company intends to sell its 51% shareholding in Colombo Dockyard and end a management agreement that has been in operation for over three decades Colombo Dockyard is in preliminary discussions with a number…

  • ONE shows China an alternative way to power ships at port

    ONE shows China an alternative way to power ships at port Japanese containerline Ocean Network Express (ONE) has for the first time utilised shore power during lift-on and lift-off operations of an alternative marine power (AMP) container in a Chinese port. This was done ahead of a symposium which shared best practices and explored innovative…

  • NYK gets stamp of approval for new long-distance cable layer design

    NYK gets stamp of approval for new long-distance cable layer design Nippon Yusen Kaisha (NYK) has been given approval in principle from the Japanese classification society ClassNK for the design of a new cable-laying vessel. According to NYK, the vessel is suitable for the construction of a long-distance subsea direct current transmission network in Japan.…

  • DryDel enters cape segment with double order at Namura

    DryDel enters cape segment with double order at Namura Greek bulker player DryDel Shipping is moving into the capsize sector through a newbuilding deal in Japan. The Costas Dellaportas-led company has ordered a pair of scrubber-fitted 182,000 dwt vessels at Namura Shipbuilding with delivery set for 2028. Financial details were not given, but DryDel said…

  • K Line inks LNG carrier order at Samsung Heavy

    Kawasaki Kisen Kaisha (K Line) has been identified as the owner behind an order for a single LNG carrier at South Korean shipbuilder Samsung. Brokers have tied Japan’s third largest shipping company to a 174,000 cu m unit delivering by June 2027 at about $259m. Samsung has ordered LNG carriers at the Geoje-based shipyard before,…