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  • NYK Wins Green Loan for Its 1st Methanol-Fueled Chemical Tanker

    NYK Wins Green Loan for Its 1st Methanol-Fueled Chemical Tanker Dec 29, 2018

      Japanese shipping giant NYK has secured a green loan to finance the construction of its first methanol-fueled chemical tanker set for delivery in 2019.   The JPY 2 billion(USD 18.04 million)loan will be provided by Taiyo Life Insurance Company and has a duration of 10 years.The loan has been certified by Japan Credit Rating Agency Ltd.   In...[learn more]

  • ONE Still Considering Scrubbers and LNG

    ONE Still Considering Scrubbers and LNG Dec 10, 2018

    Ocean Network Express(ONE)sees adoption of low-sulphur compliant hybrid oil as the most realistic and cost-efficient,but short-term solution,for becoming compliant with the 2020 sulphur cap.   ''We are still also carefully considering other possible solutions such as exhaust gas cleaning systems and using liquefied natural gas(LNG)as a fue...[learn more]

  • Hyundai Cuts Steel for KOTC’s New Gas Carrier

    Hyundai Cuts Steel for KOTC’s New Gas Carrier Nov 26, 2018

      Hyundai Heavy Industries has held a steel cutting ceremony for the first of three vessels ordered by Kuwait Oil Tanker Company(KOTC),KUNA news agency reported.   The ceremony,held on November 19,marked the start of construction of the first 84,200 cbm very large gas carrier(VLGC),contracted by the shipping company in January 2018.   At the ...[learn more]

  • Hapag-Lloyd Cautiously Optimistic for the Rest of 2018

    Hapag-Lloyd Cautiously Optimistic for the Rest of 2018 Nov 9, 2018

      German container shipping line Hapag-Lloyd delivered improved earnings in the period ended September 30,2018,amid a recovery of freight rates and a significant increase in transport volume.   For the third quarter of the year,the company witnessed a significant improvement in its net profit,which reached EUR 113.4 million,compared to EUR 51.8...[learn more]

  • Trans-Pacific Trade Drives OOCL’s Revenue Up

    Trans-Pacific Trade Drives OOCL’s Revenue Up Oct 29, 2018

      Hong Kong-based Orient Overseas Container Line(OOCL)delivered stronger revenue in the third quarter of 2018.   During the quarter ended September 30,2018,the company witnessed a 7 percent rise in revenue,reaching USD 1.55 billion compared to USD 1.45 billion seen in the same period a year earlier.The rise was mainly driven by the Trans-Pacifi...[learn more]

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