Russian firms Sovcomflot Group and Gazprom Neft Marine have joined hands to develop projects for LNG bunkering as part of their efforts to reduce emissions from ships.
South Korean carrier Hyundai Merchant Marine (HMM) announced that it will expand its cooperation with Russia’s Fesco on an existing service between China, Korea and Russia.
China LNG Shipping (Holdings) Limited (CLNG), 50% controlled by Cosco Shipping Energy Transportation named four ice-breaking LNG carriers jointly funded with Teekay.
Russian shipowner Sovcomflot has continued its switch to using LNG as marine fuel ordering three gas powered product tankers from Zvezda shipbuilding complex.
The Tasmanic Winter has nearly finished its voyage from China to Rotterdam via the Northern Sea Route with 24 new vessels on board built at Damen yards in Changde and Yichang.
As the World Cup tournament was about to kick off at Luzhniki Stadium, Russia, the freight market seemed to be caught on with the ball watching and boasted little activity since the start of the week.
The ice-breaking liquefied natural gas (LNG) carrier Vladimir Rusanov, jointly owned by Mitsui OSK Lines (MOL) and China Cosco Shipping has undertaken its first loading at Yamal LNG in the far north of Russia.
Mitsui OSK Lines (MOL) is looking to expand in Arctic shipping with an agreement with the Far East Investment and Export Agency (FEIA) on the development of the Northern Sea Route (NSR).