Increasing demand for the carriage of dry bulk overtakes shipping supply in dry markets causing, as any armchair economist could predict, rising freight rates. But it's not a super-surge by any means... Only a few brave souls would have predicted … [Read more...]
NYK to Build Company’s First LNG-Fuelled Capesize Bulk Carrier
By NYK Line NYK (a Shipping Australia member) has concluded a long-term consecutive voyage charter (CVC) contract with JFE Steel Corporation for a new large bulk carrier that uses LNG (liquefied natural gas) as its main fuel. This vessel will … [Read more...]
New innovative LPG-powered bulkers for Australia
Australian ports may start receiving liquid petroleum gas-fuelled dry bulkers in the not-too-distant future. Japanese classification society Class NK has given world-first approval-in-principle to Imabari Shipbuilding to build an LPG-powered 180,000 … [Read more...]