Mitsubishi Shipbuilding to Build LNG Bunkering Vessel
Mitsubishi Shipbuilding Co. signed a contract with KEYS Bunkering West Japan Co., Ltd. for construction of a liquefied natural gas (LNG) bunkering vessel, the first to operate in western Japan. The vessel will be built at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with completion and handover scheduled for March 2024.KEYS Bunkering West Japan is a joint venture company established in February 2022 to supply LNG fuel for ships in the Kyushu and Setouchi Regions…
Mitsubishi Shipbuilding Books First Order for LNG FGSS for High-Pressure Marine Engines
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has taken its first order for LNG (Liquefied Natural Gas) fuel supply systems (FGSS) for high-pressure dual-fuel marine engines, for installation on six LNG-fueled car carriers to be built by a group company of Imabari Shipbuilding Co., Ltd.The core components of the newly ordered FGSS are LNG fuel tanks, LNG fuel gas supply units and a control unit…
Japanese Trio Connects on Project to Reduce Methane Slip by 70%
As the global shipping industry is under the microscope to reduce emissions, three Japanese leaders in the maritime space: Hitachi Zosen, Mitsui O.S.K. Lines, Ltd.(MOL) and Yanmar Power Technology Co., Ltd. (YPT), have targeted methane slip as an area of study via its "Development of Methane Slip Reduction Technology from LNG Fueled Vessels by Improving Catalysts and Engines", with Hitachi Zosen serving as the managing company…
Sakura Leader: New LNG-fueled Pure Car Carrier Enters Service
Mitsubishi Shipbuilding Co., Ltd. completed installation of the first unit of an LNG (liquefied natural gas) fuel gas supply system (FGSS) for marine dual fuel engines, delivered in November last year, on the pure car carrier (PCC) built by Shin Kurushima Toyohashi Shipbuilding Co., Ltd. The first LNG-fueled PCC built in Japan was delivered to Nippon Yusen Kabushiki Kaisha on October 28, 2020, and has entered service. During the construction period after the delivery of the FGSS…
Meet the World's First Digital Smart Ship, the Japanese Built LNG-Fueled PCTC Sakura Leader
The run up to 2050 and dramatic reductions in emissions from ships will, by most expert’s thinking, be an evolution of small steps premised on melding new fuels and digitalization technologies. The recent delivery of the LNG-fueled PCTC Sakura Leader to NYK can be considered a sizable leap in this regard, as the ship has been designated as the world’s first digital smart ship.A Big Step Toward CO2 Reduction TargetsOn October 28…
China-led Consortium Bids for Cyprus LNG
The Natural Gas Public Company of Cyprus (DEFA) announced that a Chinese-led consortium has been chosen as the preferred bidder for the construction of a EUR 250 million liquified natural gas (LNG) import terminal and related infrastructure.The authorities announced that the consortium of JV China Petroleum Pipeline Engineering Co Ltd, AKTOR S.A. and METRON S.A., with Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship…
Solar Array Installed on Cargo Ship
The marine renewable energy technology company Eco Marine Power (EMP) announced that its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana.The Japan-based EMP said in a press release that this installation was carried out by the ship’s crew with remote support provided by Zeaborn Ship Management (Singapore) Pte. Ltd. and EMP from Japan.Over the next few weeks the solar power equipment…
LPG Carrier "Laurel Prime" Christened at MHI
Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The christening ceremony was held at the Koyagi Plant of MHI's Nagasaki Shipyard & Machinery Works for the ship named “Laurel Prime” by Seiya Araki, president of Astomos Energy Corporation.NYK has traditionally given LPG carriers two-word names that begin with the letters “L” and “P” respectively.
Four Japanese Companies Join Modec in Sepia FPSO Deal
Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. "MODEC, Mitsui, Mitsui O.S.K. Lines, Marubeni Corporation and Mitsui Engineering & Shipbuilding Co have agreed to jointly invest in a long-term charter business currently promoted by MODEC, for providing a FPSO in the Sepia Area, off the coast of Brazil," said a press release.
Partners Aim to Advance Methane Harvesting Tech
Mitsui Engineering & Shipbuilding Co., Ltd. (MES), one of major heavy industry manufacturers in Japan, has partnered MHWirth, a global provider of drilling solutions and services, to harvest shallow methane hydrates from the seabed of the Japan Sea. Methane hydrates generally are categorized as either shallow-type or pore-filling sand-layer type. For pore-filling sand-layer methane hydrates, the studies for the recovery have been conducted since around FY2001 in Japan.
Mitsui Innovation: noah-FPSO Hull Gets AIP from BV
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) obtained Bureau Veritas Approval in Principle (AIP) for the noah-FPSO Hull and associated design and construction methods following American Bureau of Shipping. This AIP provides assurance of the feasibility and reliability of the noah-FPSO Hull design. The noah-FPSO Hull is a next generation FPSO – Floating Production, Storage and Offloading – platform, and “noah” stands for New Offshore Adapted Hull.
Navig8 Acquires Second Tanker from SPP
Navig8 Product Tankers Inc. today announced that it has taken delivery of the Navig8 Providence, a 74,000 DWT LR1 tanker from SPP Shipbuilding Co., Ltd. (“SPP”). The Navig8 Providence is the second of four vessels contracted at SPP to be delivered to the Company and is the second vessel to be delivered under the sale and leaseback agreements entered into with CMB Financial Leasing Co., Ltd (“CMBFL”) announced on March 17, 2016.
Gener8 Maritime Net Income Up 91%
Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share, for the three months ended June 30, 2016, a 91% increase compared to $19.9 million for the same period in the prior year. The Recorded adjusted net income of $42.0 million, or $0.51 basic and diluted adjusted earnings per share, for the three months ended June 30…
G E Shipping Acquires Product Tanker
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a Newbuilding Medium Range Product Tanker “Jag Punit” of about 49,700 dwt. The company had contracted to buy the ship in December 2012. The vessel is built at STX Offshore & Shipbuilding Co. Ltd., Jinhae, Korea. With the inclusion of the vessel, the Company’s current fleet stands at 32 vessels, comprising 23 tankers (8 crude carriers, 14 product tankers, 1 LPG carrier) and 9 dry bulk carriers (4 Kamsarmax…
Navig8 Acquires Product Tanker
Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Experience, a 74,000 DWT LR1 tanker from STX Offshore & Shipbuilding Co., Ltd. The Navig8 Experience will operate in Navig8 Group’s LR8 commercial pool. Thus far the Company has taken delivery of five LR1 and four LR2 product tanker newbuildings and anticipates that its entire newbuilding fleet will be delivered by the end of 2016.
Zentech Inks Deal for Two Z-210 with CSSC
Zentech Incorporated of Houston, Texas, USA signed contracts with CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of (2) Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of Intent received by CSSC Huangpu Wenchong Shipyard on September 23,2015. The Z-210 is a self-propelled, self-elevating, DP-2 capable, ABS Class, high temperature (55 deg Celsius) rated 4-legged mobile offshore unit capable of operating in water depths of up to 280 feet.
MES Establishes Unit for FPSO Charters
Mitsui Engineering and Shipbuilding Co., Ltd. (MES) has established a new department to support the chartering of floating production, storage & offloading system vessels (FPSO) for marine oil and gas. Effective February 1, this new section within the Ocean Business Promotion Department will handle all operations and management related to our participation in FPSO chartering-related businesses. MES is implementing Mid-Term Business…
Frontline Reports Strongest 3Q
* Frontline achieved net income attributable to the Company of $17.4 million, or $0.09 per share, for the third quarter of 2015 and net income attributable to the Company of $65.9 million, or $0.42 per share, for the nine months ended September 30, 2015. * The long-term charters for the 1995-built Suezmax tankers, Front Glory and Front Splendour, were terminated in September and October, respectively. The Company received compensation payments of $2.2 million and $1.3 million, respectively, for the termination of the charters.
First LPG Carrier Order for MHI Shipbuilding
Mitsubishi Heavy Industries Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI), announced it has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The order marks the very first to be received by Mitsubishi Heavy Industries Shipbuilding since the company's launch on October 1. The LPG carrier on order is identical to the four vessels Astomos Energy has already ordered to MHI since 2013.
ABS Grants AIP for MES FPSO Design
ABS, a provider of classification services to the global offshore industry, has granted Mitsui Engineering & Shipbuilding Co. Ltd. (MES) approval in principle (AIP) for a floating production, storage and offloading (FPSO) vessel design and an epoch-making construction concept, the classification society announced today. This work is the result of an ABS/MES joint development project that began in March 2015. The "noah-flex modular design" for the FPSO and the flexible construction procedure…
