Foreign demand for Iranian crude has more than doubled since sanctions against Iran were lifted early last year, according to new data from Vessels Value.
The smallest of Japan’s K Line reported a JPY54.58bn ($468.5m) loss for the first nine months of the financial year ended 31 March 2017, but noted signs of recovery were “beginning to appear”.
With just a few days to go before a decision needs to be made, Japanese conglomerate Mitsubishi looks to be the leading contender for the construction and operation of Indonesia's Patimban Port.
Japan’s big three shipping groups, K Line, MOL and NYK, have announced an integration of their container shipping business with the establishment of a joint venture by 1 July 2017 and the commencement of joint servce from 1 April 2018.
Japan’s Kawasaki Heavy Industries (KHI) has come up with an innovative expandable LNG-fuel tank for ships that can store up to five times more LNG than existing designs, reports said.
The Japanese government has launched a feasibility study for LNG bunkering in the port of Yokohama, making this the first LNG bunkering facility development project in Japan.