The United Nations Conference on Trade and Development (Unctad) has confirmed Greek shipowners remain the dominant force in the global industry, topping operators overall based on fleet capacity, while heading the wet and dry categories, and rising to third among containership fleets.
Renewal of the Greek fleet continues at pace as cash rich owners continue to build ships and buy ships.
Mitsui OSK Lines (MOL) has developed a safety training tool using virtual reality (VR) goggles.
K Line Kinkai and K Line have agreed to work on a joint study to develop Japan’s first environmentally-friendly LNG-fueled ferry, in line with K Line Group’s long term environment management vision.
Nishishiba Electric and NICO International have entered into an alliance covering the Middle East.
Three more companies have joined the SEA\LNG the cross sector coalition aiming to promote the use of LNG as a marine fuel.
One of the world’s largest shipowners Nippon Yusen Kaisha (NYK) returned to the black in the first quarter ended 30 June 2017 and has maintained its full year profit forecast.
Mitsui OSK Lines (MOL) has upped its full year profit forecast for the year ended 31 March 2018 by 20% to JPY12bn ($108.5m) as it forecasts a gradual improvement in most major shipping sectors.