ZF Appoints New Board Members
ZF Friedrichshafen AG's Supervisory Board has appointed Sabine Jaskula and Dr. Holger Klein to the company's Board of Management.Jaskula, an experienced HR manager and lawyer, will be responsible for Corporate HR and Legal functions from latest January 1, 2019. In this function, she will also be in charge of compliance. Dr. Klein has been appointed to ZF's Board of Management with effect from October 1, 2018. His responsibilities will include Car Chassis Technology and Aftermarket (service and parts business).
Auto Collision Avoidance Project for Vessel Safety
Mitsui E&S Shipbuilding (MES-S), Mitsui O.S.K. Lines (MOL), Tokyo University of Marine Science and Technology (TUMST), Akishima Laboratories (Mitsui Zosen) announced that on July 25, their proposed joint demonstration project related to the safety of vessels' auto berthing and un-berthing was selected for Japan's Ministry of Land, Infrastructure, Transportation and Tourism (MLIT)'s FY2018 autonomous vessel demonstration project.Human errors account for 80% of marine accidents…
Papua New Guinea LNG Export Plant Offers Cargo for September
Exxon Mobil's Papua New Guinea liquefied natural gas (LNG) export plant has offered a cargo for delivery in September, two industry sources said on Tuesday.The cargo is to be delivered into Japan, Taiwan, South Korea or China, and the tender closes on Wednesday with bids to remain valid until Thursday, one of the sources said.This is expected to provide some relief to the spot market at a time when spot demand from Japan and South Korea has been firm due to warm temperature, traders said.(Reporting by Jessica Jaganathan; Editing by Tom Hogue)
Mitsubishi to Acquire 25% Take in Bangladesh LNG Terminal
Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.The other 75% of the Summit LNG terminal will remain with Summit Corp.Mitsubishi is planning to help in the development of an offshore receiving facility in the country. It will also develop a liquefied natural gas (LNG) receiving terminal that uses a floating storage and regasification unit (FSRU) in Bangladesh.Under the project…
China Tops Leading Maritime Nations of the World: Menon Economics
The 2018 report on the “Leading Maritime Nations of the World” ranks China as the world’s leading maritime nation, placed among the top four on all the maritime pillars in the ranking. China’s position is particularly strong in shipping and ports & logistics.The study conducted by Menon Economics benchmarks the 30 leading maritime nations around the world in four key maritime pillars: shipping, finance and law, maritime technology and ports & logistics, in an attempt to understand the key drivers behind national maritime success.
Japan Spot LNG Contract Price Hits 5-month High
The average contract price for spot liquefied natural gas (LNG) cargoes for shipment to Japan last month hit a five-month high of $10.00 per million British thermal units (mmBtu), Japan's trade ministry data showed on Thursday.Asian spot LNG prices held around $10 last month as a heatwave gripped Japan and high temperatures swept across South Korea and parts of China, boosting cooling demand.The average price of spot LNG cargoes that arrived in Japan last month was $10.30 per mmBtu.METI surveys spot LNG cargoes bought by Japanese utilities and other importers…
MOL Magsaysay Maritime Academy Opened
Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that an inauguration ceremony for MOL Magsaysay Maritime Academy (MMMA), jointly operated by MOL and Magsaysay Maritime Corporation (MMC), was held on September 12 in Salitran, Dasmariña City, the Philippines.Around 700 people attended the event, including Senator Grace Poe, Secretary of the Department of Transportation Arthur Tugade, H.E. Koji Haneda, Japanese Ambassador-designate to the Republic of the Philippines, President and CEO Doris Teresa Magsaysay-Ho of A.
OOCL Bags 2018 Singapore Environmental Achievement Award
Orient Overseas Container Line (OOCL) has received the 2018 Singapore Environmental Achievement Award (Regional) at a ceremony held by the Singapore Environment Council’s (SEC) recently.The SEAA (Regional) Award category recognizes local or international companies and organizations with outstanding environmental performance in Asia, and this year, the regional scope has been expanded to welcome companies from Greater China, Japan, South Korea, and ASEAN countries to take part in the awards scheme.In the review and evaluation process…
Oldendorff Inks Transhipment Deal in Vietnam
Oldendorff Carriers said it has signed an integrated coal transport and transhipment agreement for a new power station project to be built in the North of Vietnam at Nghi Son. The customer is a consortium between Marubeni Corp of Japan and Korea Electric Power Corporation (Kepco) named Nghi Son 2 Power Limited Liability Company (NS2PC).The agreement is expected to include the transportation of about 100 million metric tons of coal over 25 years. Oldendorff Carriers signed the 25-year agreement with NS2PC…
NYK to Test Autonomous Boxship
Nippon Yusen Kaisha (NYK) and NYK Group companies MTI Co. Ltd., Keihin Dock Co. Ltd., and Japan Marine Science Inc. (JMS) have been selected by Japan's Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) to participate in a demonstration project utilizing ship maneuvering support functions and remote control.By 2025, Japan is seeking to begin demonstrations for the practical implementation of autonomous ships.With the aim to pursue efficient, safe operations and reduce officer workload…
Hikawa Maru's Technological Links to Showa Era
Hikawa Maru, which is owned by Nippon Yusen Kabushiki Kaisha (NYK)x, has been recognized by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) as a cargo-passenger ship that conveys the story of maritime technology in the early Showa era.On July 20, a ceremony was held at Meiji Kinenkan in Tokyo, and Norio Kanaya, the 28th captain of Hikawa Maru, received the recognition.This honor was introduced last year by JASNAOE and is given to vessels that have historical…
Asian Cruise Market Growth Continues -Report
Cruise vacations are growing increasingly popular in Asian markets, according to the latest report from trade association Cruise Lines International Association (CLIA).Asian-sourced ocean cruise passenger numbers hit another record high in 2017 with more than 4 million taking an ocean cruise (up 20.6 percent), CLIA’s 2018 Asia Cruise Trends report revealed.Asia accounted for about 15 percent of total global ocean passenger volume in 2017 as mainland China maintained its dominance as a key source market…
China Navigation Company Opens Vancouver Branch
China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W Hastings Street.Minister Bruce Ralston said, “The Province recognises the significant contribution that The China Navigation Company makes to the shipping industry worldwide.
Stena Blue Sky Bags Safety Achievement Award
The award was recently given for the professional seamanship and conduct when Stena Blue Sky effected a rescue operation after spotting a fisherman and recovering him from wreckage between the waters of North Korea and Japan 26th October 2017.“Events of this nature are subject to international laws and for us, acting in accordance with these laws is a matter of course. Nevertheless, it is important that attention is drawn to them – in this case, by the Chamber of Shipping of America.
Japan, South Korea Steel Exports to India Surge
India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after U.S. President Donald Trump slapped an import duty on the alloy earlier this year.During the first quarter of the fiscal year starting in April, India's steel imports from South Korea rose 31 percent from a year earlier, while those from Japan climbed 30 percent, according to an internal document from the Ministry of Steel that was reviewed…
Middle East Oil & Gas Shipping Routes are at Risk
Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz, the other major strategic shipping route for oil from the region and the main route for Iranian crude exports.Below are facts about region's shipping routes:Bab al-MandebAny move to block the Bab al-Mandeb…
APL Introduces Weekly Japan Russia Service
Ocean carrier APL unveiled a new Japan Russia Express (JRX) service, which it says is the only weekly Japan-Russia ocean freight service to be available in the marketplace.A jointly operated service with TG FESCO, the JRX service will commence sailing from Yokohama on 24 August on the following rotation: Vostochny – Vladivostok – Yokohama – Shimizu – Nagoya - Kobe – Busan- Vostochny.Russian-destined cargoes from Yokohama to Vostonchny and Vladivostock will be delivered in as soon as seven and nine days respectively.
Japan, Russia Join for Trans-Siberian Rail Transportation
Japan and Russia plan to officially develop a freight transport route between the two countries via the Trans-Siberian Railway, the Yomiuri newspaper reported.The report said that the two governments aim to foster mutual economic cooperation by energizing the “third distribution channel,” after sea and air routes.Now cargo between Japan and Russia are delivered mainly either by air or by sea. According to the Japanese Ministry of transport, terms of delivery of goods by sea ranged from 53 to 62 days.
Bangladesh Shelves LNG Projects as Others Ramp Up
Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.Bangladesh has turned to LNG to offset falling domestic gas output to feed industrial demand and electricity generation in a nation of 160 million people where a third have no power supply.It aims to import 17 million tonnes a year of LNG by 2025, which in today's terms would make it a top five importer.
MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations
Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels), but carries cargoes between ports and to the final place of delivery by using other shipping companies.MOL Executive Officer Michael P.Y. Goh was appointed CEO of MWL.
LNG Trade to Grow by 11% in 2018 -Clarksons
The liquefied natural gas (LNG) trade is expected to achieve further growth of 11 percent for 2018, according to a recent report from Clarksons Research. The forecast comes on the heels 2017's 9 percent growth to 929mt. By comparison, the LNG trade averaged 0.3 percent growth from 2012 to 2015.“Global trade in LNG has moved into a strong growth phase, with a 9 percent increase in 2017 expected to be followed by further growth of 11 percent in 2018,” said Steve Gordon, Managing Director of Clarksons Research.
14,000-TEU ONE Aquila Delivered
Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima.
Tokyo International Container Terminal Marks 20 Million TEUs Handled
Mitsui O.S.K. Lines (MOL) announced that the MOL-operated Tokyo International Container Terminal (TICT) reached a major milestone on August 21—a cumulative total of 20 million TEUs handled.The terminal started operations in November 1971, and in December of that year, the full containership Kamakura Maru, serving the Asia-Europe route, was the first vessel to call at TICT. After 47 years of successful operations, TICT becomes the first terminal in the Port of Tokyo to handle 20…
One Minato Shines Through Port of Yantian
Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan, One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service)…
Braemar Shipping Services Adds New LNGC 'LNG Schneeweisschen'
Braemar Shipping Services announced the successful delivery of the 180,000m3 Liquid Natural Gas Carrier (LNGC) called “LNG Schneeweisschen” from Daewoo Shipbuilding & Marine Engineering (DSME), South Korea, as part of the ongoing LNGC newbuilding project between Uniper Global Commodities SE (Uniper) and Braemar.The international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries said that the vessel has been built for Japan based owners…
MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds
Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…