Shipping major Kawasaki Kisen Kaisha Ltd ("K" Line) has announced plans to buy eight new car carriers. The new vessels will be more environmentally-friendly as they will be fuelled by liquefied natural gas. LNG is the super-cooled and liquid form … [Read more...]
“K” Line signs long-term charter for an LNG-fuelled, wind-assisted, capesize bulker
Tokyo, Japan-based shipping and logistics giant Kawasaki Kisen Kaisha (“K” LINE) has signed a long-term consecutive voyage charter with steel manufacturer JFE Steel Corporation for a new 210,000 deadweight bulker fuelled by liquefied natural … [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...]
CMA CGM announces order for 22 new box ships
The CMA CGM Group, a Shipping Australia member, recently announced a deal with shipbuilder CSSC Group. CMA CGM has placed an order for: 6 LNG-powered containerships with a capacity of 13,000 TEUs (Twenty-foot equivalent unit),6 LNG-powered … [Read more...]
Gas glut sees seaborne-trade increase but LNG future is uncertain
In the latest "Resources and Energy Quarterly" (December 2020), the Chief Economist notes that volumes of seaborne LNG have increased despite COVID because of a massive gas glut. While LNG appears to have a near-term future as a transition fuel, … [Read more...]