China is closing in on Japan as the world’s largest importer of LNG mainly driven by the government’s environmental protection requirements, the increasing demands of LNG consumption, and the development of new LNG terminals.
NYK Line has approached compatriot Japan Marine United Corporation (JMU) to construct a next-generation, scrubber-fitted bulk carrier on the back of a long term charter contract with JFE Steel Corporation.
Japan has updated that the country’s first trial of using IMO-compliant bunker fuel on coastal vessels has been successfully conducted, ahead of the next step of low-sulphur bunkering for ocean-going ships.
U-Ming, Taipower, K Line and Kuang Ming are to form a joint venture to ship coal and LNG.
Tsuneishi Shipbuilding has received its first order from a Japanese owner for its larger design 42,000 dwt log and bulk carrier.
Proxy-advisor firm Institutional Shareholder Services (ISS) has called on shareholders of Japanese shipowner K Line to vote against the re-election of its chairman and president at its upcoming annual general meeting.
Tsuneishi Shipbuilding its design workforce in the Philippines as it faces an aging workforce at home in Japan, and seeks to diversify the product range of its Cebu yard.