Four vessels managed and operated by the NYK Group, the coal carrier Pirika Moshiri Maru, the very large crude oil carrier Takaoka, the bulk carrier Global Coral, and the passenger ship Asuka Ⅲ, have been honored with the “Best Quality Ship 2025” award sponsored by the Japan Federation of Pilots’ Associations. This is the largest number of NYK Group–related vessels ever selected simultaneously for this award…
The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than…
“We estimate that coal shipments to advanced economies will fall 2% y/y in 2025, reaching a 23-year low. This will be the third consecutive annual drop although the pace of decline has slowed compared to previous years. The contraction is primarily…
On November 27, 2024, approximately 100 nautical miles off the coast of Virginia, a bulk carrier shipping a type of coal called “Bailey High Vol Coking Coal” experienced consecutive explosions in the two forward cargo holds. While still under investigation…
“Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far,” said Niels Rasmussen…
On March 9, the coal carrier Kagura for the Chugoku Electric Power Co., Inc. (EnerGia) was delivered at Oshima Shipbuilding Co. Ltd. A naming and delivery ceremony took place on the same day and was attended by Shigeru Ashitani, representative director…
