Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019.
Mitsui OSK Lines (MOL) returned to the black in FY2018, ended 31 March 2019, and is forecasting a better year ahead.
Mitsui OSK Lines (MOL) has entered into an agreement to co-own six very large ethane carriers (VLECs) with Reliance Ethane Holding, wholly-owned by Reliance Industries.
GAC's automated underwater hull cleaning service, HullWiper, has inked an agreement with Equinor for its oil and gas tanker fleet.
Chinese energy enterprise, Zhejiang Energy Group has inked a sales and purchase agreement with ExxonMobil for liquefied natural gas (LNG) supply over a period of 20 years.
US Energy policy, along with Donald Trump’s classic head-fakes, almost seems destined to confuse participants in the oil business, with obvious impacts on shipping which serves it.
Qatar Petroleum has launched a tender for up to 100 LNG carrier newbuildings that would more than double the fleet of the world’s largest owner Nakilat.
Mitsui OSK Lines (MOL) is going to install an augmented reality (AR) navigation system on 21 VLCCs having successfully trialled the innovation on two vessels.