Japanese shipping company NYK has concluded a time-charter contract with Mitsui & Co. Ltd. for a new liquefied natural gas (LNG) carrier for the Cameron LNG project based in the U.S. state of Louisiana. NYK said that the ship would be delivered in 2018 and assigned to transport the project’s LNG for a maximum of […]
October 9, 2014 | Posted in
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Two car carriers collided on Monday afternoon, September 29th in the Zeebrugge Pierre Vandamme lock, Belgium. Cyprus-registered car carrier Neckar Highway was heading from Grimsby bound for Malmo when it collided with Singapore-flagged Baltic Breeze. No injuries have been reported. After the accident, vehicle carrier Baltic Breeze was towed by two tugs, Smit Lion and Smit Kiwi. […]
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to vessels ordered from MHI by Astomos Energy late in 2013, and again in spring 2014. The carrier will offer flexibility to accommodate major LPG terminals around the globe, […]
September 29, 2014 | Posted in
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Dynagas LNG Partners LP, an Athens-based owner and operator of LNG carriers, has bought from Dynagas Holding 100% of the ownership interests in the Yenisei River, a 2013 built ice class liquefied natural gas carrier, and the related time charter contract, for USD 257.5 million. Dynagas expects to finance the purchase with the net proceeds of its […]
Customs officials at the Russian port of Vladivostok held up the Malacca Highway, a Panama-flagged Ro-ro car carrier on September 11, 2014, upon discovering one of the vehicles aboard emitted radiation. A Mitsubishi Pajero was part of the shipment of second-hand cars and trucks from Japan. The SUV was emitting ionizing radiation 26 times above the value of […]
China Cosco Holdings Company Limited had disassembled eight bulk carriers with the aggregate capacity of 553,798 deadweight tonnes throughout July and August 2014. The scrapping is in line with Cosco’s recent decision regarding restructuring of its shipping fleet, and the decommissioning and disposal of aged vessels. The vessels, sold as scrapped to third-party buyers for RMB 155.5 million (USD […]
September 19, 2014 | Posted in
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StealthGas Inc., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, has acquired two newbuilding LPG vessels as part of its fleet expansion program. The company exercised the acquisition options with a Korean yard and the additions to the fleet consist of two 22,000 cbm semi refrigerated eco LPG […]
September 4, 2014 | Posted in
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Ecoships, the technical shipmanagement arm of Newport Shipping Group, has introduced a next generation bulk carrier design, developed to set the standard in ecologically compatible marine transportation. Inspired by the low friction to water flow and self-cleaning properties of the lotus flower – a symbol of purity and beauty in Buddhist and Hindu philosophy – […]
Hyundai Mipo Dockyard Co, a subsidiary of South Korean shipbuilding giant Hyundai Heavy Industries, has secured orders for three vessels, two liquefied petroleum gas (LPG) carriers and one asphalt carrier. The LPG order, worth USD 104.7 million, comes from the Marshall Islands-based operator StealthGas. The carriers are slated for delivery by the end of 2017. These vessels will measure […]
August 29, 2014 | Posted in
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BSR’s Clean Cargo Working Group (CCWG) said in its latest annual CO2 emission performance data for the container shipping industry that on an average, its member carriers have reduced CO2 emissions per container transported in 2013 by 7.7%. 7.7% reduction of CO2 emissions per container in 2013 Clean Cargo Working Group is a business […]
August 27, 2014 | Posted in
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