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.
The chairman of the board and executive director of Brightoil Petroleum (Holdings) Limited, Dr Sit Kwong Lam, was vacated as he was adjudged to be a bankrupt by the High…
Dubai-based Tristar Group has ordered six newbuild 25,000-dwt oil and chemical tanks at Hyundai Mipo Dockyard on the back of long term charters with oil major Shell.
Hyundai Heavy Industries (HHI) has announced on Sunday an order win for a 174,000-cu m LNG carrier, bringing its recent newbuilding orders to a total value of KRW700bn ($630m).
As the IMO’s 0.5% global sulphur cap looms for the maritime sector from 2020, South Korean shipbuilders have been urged to focus on LNG carriers and product tankers.
Teekay Offshore Partners has clinched a $414m long term debt facility to finance its four LNG-fuelled suezmax DP2 shuttle tanker newbuildings.
Cosco Shipping Energy Transportation has jointly launched a project with Dalian Shipbuilding Industry (DSIC) to develop the world’s first LNG dual-fuel VLCC.
Container shipping tonnage provider Seaspan Corp is looking to diversify into LNG with a cooperation agreement with Cosco Shipping Energy Transportation.