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Japan’s Mitsui OSK Lines (MOL) has signed a transportation deal with compatriot Tohoku Electric Power to use a coal carrier equipped with hard sail wind power propulsion system.
A nascent dry bulk shipping recovery has lost steam following a fall in Chinese coal demand and a second round of Covid-19 lockdowns in Europe, despite strong demand for iron ore.
The dry bulk shipping market must brace itself to face more impact from the coronavirus (Covid-19) outbreak originating from the Chinese city of Wuhan, given that China imports around 40% of global dry bulk cargoes, according to consultancy...
Japan carriers NYK and MOL have entered into agreements with compatriot Kyushu Electric Power (Kyuden) on the deployment of the world’s first LNG-fuelled large coal carriers.