• 2019 April 24 16:34

    MOL co-own world 6 largest Liquified Ethan Carrier with Reliance

    Mitsui O.S.K. Lines Ltd, ("MOL"), with Head office located at Minato-ku, Tokyo, Japan and Reliance Ethane Holding Pte. Ltd. ("REHPL") a 100% subsidiary of Reliance Industries Ltd ("RIL") and based in Singapore agreed to co-owning of Six (6) Very Large Ethane Carriers (VLECs) which are currently fully owned by REHPL, MOL said in its release.

    The six VLECs were delivered in 2016-2017 and have been engaged for transportation of Liquefied Ethane from Houston (US Gulf coast) to Reliance facilities at Dahej in West coast of India. MOL has been involved right from the ship building supervision stage at Samsung Heavy Industries yard in Korea and in the operation of the VLECs thereafter. Prior to this transaction, MOL and RIL have cooperated in the transportation of crude oil on VLCC's.

    After two and a half years of efficient and safe operation of VLEC's as well, MOL, through this strategic investment, shall now to be a stakeholder in terms of co-owning of the 6VLECs.

    It is pertinent to record that MOL is the only Japanese shipping company and the largest VLEC operator in the world. This development is in line with MOL's philosophy of aiming to for Higher Competitiveness in the field in terms of safety and reliable ocean-going transportation and meaningful contribution to the emerging energy transportation scenario.

    RIL is India's largest private sector company, with a consolidated turnover of INR 622,809 crore (US$90.1 billion) and net profit of INR 39,588 crore (US$ 5.7 billion) for the year ended March 31, 2019. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.

    RIL is the first private sector company from India to feature in Fortune's Global 500 list of 'World's Largest Corporations'.




2020 January 29

09:14 Baltic Dry Index is down to 539 points

2020 January 28

18:05 Cheniere Energy celebrates 1000th LNG cargo milestone
17:40 NYK establishes first exclusive RORO terminal in Egypt
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15:43 Severnaya Verf starts cutting metal for fifth processing trawler of Project 170701 ordered by NOREBO Group
15:02 Hyundai's Engine Machinery Division announces the completion of the first shop test for the first of six ME-GI engines for container ships for Eastern Pacific Shipping
14:38 Metal Shark delivers patrol boat to Puerto Rico customer
14:16 Bunker prices are stable at the Far East ports of Russia following the recent growth (graph)
14:02 CMA CGM has announced FAK rates from Middle East Gulf and Pakistan to North Europe and the Mediterranean
13:27 Cheniere Energy celebrates 1000th LNG cargo milestone
13:02 Diversification of Poland’s natural gas supply sources and directions is progressing
12:35 Vostochnaya Stevedoring Company starts shipping trains to Elektrougli of Moscow Railways
12:01 Carisbrooke takes D.I.Y approach to BWT compliance with Optimarin for huge savings, efficiency and on-schedule operations
12:00 IMO and WISTA to promote greater diversity in the maritime sector
11:41 New video highlights benefits of working with IMO
11:19 Damen develops new concept vessel – the Offshore Support Vessel (OSV) 9020
11:07 Rainmaking partners maritime giants with tech startups to energise innovation
10:39 Tallink and Silja Line to establish annual summer cruise to Saint-Petersburg
10:16 Ships of RF Navy's Baltic Fleet assisted the crew of a foreign yacht in the Gulf of Aden
10:02 MABUX: Bunker market this morning, Jan 28
09:54 Dredging and Hydraulic Engineering Structures Congress will feature engineering ships buyers subordinate to Rosmorrechflot
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2020 January 27

18:07 Port of Oostende, DEME Concessions and PMV announce exclusive partnership for green hydrogen plant in Ostend
17:35 Fincantieri announces the launching ceremony of the "Emilio Bianchi" frigate
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17:02 Baltic Workboats’ PILOT 15 WP wins Small Pilot Boat Award for 2019
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13:35 Northern Fleet detachment leaves Mediterranean sea
13:13 Baltic Fleet guard ship Yaroslav Mudryi calls at the port of Oman
12:51 Klaipėda Port remains an important centre-line of the national economics
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09:59 Victor Golomolzin takes the helm of Oktyabrskaya Railway
09:37 Brent Crude futures price is down 3.41% to $58.62, Light Sweet Crude – down 2.29% to $52.95
09:37 MABUX: Bunker market this morning, Jan 27
09:18 Baltic Dry Index is down to 557 points
09:06 CMA CGM cancelled PSS for cargo from Asia to North Africa
08:33 Port of Gothenburg container volumes up three per cent to 772,000 TEUs in 2019

2020 January 26

16:34 Harley Marine Services changes name to Centerline Logistics Corp
15:13 Island Class ferries move to Point Hope Maritime in Victoria
14:16 Wärtsilä integrated solutions will deliver efficiency and sustainability to three new short-sea vessels
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12:03 Fincantieri strengthens the strategic partnership with Qatar
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2020 January 25

16:11 “Flower Power” from Sanmar and Robert Allan Ltd. – 200 Tugs and Counting
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2020 January 24

18:07 Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk
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