Japanese shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) on Thursday (25 August) said it has signed deals with shipbuilding companies to build four Capesize bulkers and two Very Large Crude Carrier (VLCC) tankers, which will use environment-friendly liquefied natural gas (LNG) as their main fuel.
The company signed a deal for construction of four 210,000 DWT-class Capesize bulkers with CSSC Qingdao Beihai Shipbuilding Co., Ltd. This is MOL’s first time ordering newbuilding vessels from this shipyard. The new ships are slated for delivery in succession from 2025 through 2026.
MOL also signed a contract for construction of two 309,000 DWT-class VLCCs with Kawasaki Heavy Industries Ltd. (KHI). The newly ordered VLCCs will be built by Dalian COSCO KHI Ship Engineering Co., Ltd. and jointly operated by KHI and China COSCO Shipping Corporation Limited. This is the first LNG-fuelled VLCC ordered from a Japanese tanker operator. The newbuilding VLCCs are scheduled for delivery from 2025 through 2026.
MOL Group, to date, has ordered 16 ocean-going LNG-fueled vessels which includes these Capesize bulkers and VLCCs, in addition to car carriers, bulkers, and six coastal vessels which are ferries, a tugboat, and coastal cargo vessels.
It plans to expand its fleet of LNG-fueled vessels to about 90 by 2030, in line with the “adoption of clean alternative energy” strategy toward the goal of net zero GHG emissions.
Photo credit: Mitsui O.S.K. Lines, Ltd.
Published: 29 August, 2022
Besides exercising regulatory control, it is suggested that flag states view the decarbonisation journey as a business opportunity while development funds are being established.
IBIA suggested to a working group that existing delivered MARPOL sample, which is also recorded on the bunker delivery note, could be used to check for flashpoint.
‘China is already a leader in production of renewable energy and shift towards methanol long term is in step with its decarbonisation ambitions,’ says Chris Chatterton, COO.
Monjasa fleet comprises of 25 tankers and barges deployed across West Africa, UAE, Northwest Europe, Houston and the Panama Canal.
Several LNG bunkering facilities currently under construction, with some already operational, says researcher.
‘A challenging current climate calls for an all-hands-on-deck approach, in addition to exceptional talent [...] like Maleek, Neethu, Sascha and Travis,’ said Head of Bunkering.
Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.
‘Consort Bunkers will be operating the youngest bunkering fleet in Singapore after complete delivery of the ‘K’ series vessels by late-2023,’ Mr SK Yeo, Founder of Consort Bunkers, tells Manifold Times.
‘Vessel suffered inter alia damage to her engines as well as other losses and expenses, including but not limited to salvage costs, costs of repairs and time lost,’ states legal document obtained by Manifold Times.
‘It is undisputed that Sing Fuels furnished fuel in Port Elizabeth that enabled the M/V Lila Shanghai to continue on its way […] and it is undisputed that Sing Fuels was never paid for this fuel,’ states Judge.
JMs wanted to confirm if both of IPP’s former auditors ‘were reasonably assured that its assessment that the receivables owed by Mercuria Energy were not in any way doubtful’, according to court documents.
A Duraisamy received a SGD 42,870.60 fine and 10-month jail sentence while Lee Been Lian was fined SGD 6,795 and received a two-month jail term due to offences under the Prevention of Corruption Act.
