• 2019 June 20 14:03

    MOL and GAIL sign charter contract for one LNG carrier

    Mitsui O.S.K. Lines, Ltd. today announced that, through a wholly owned subsidiary of MOL, a short-term charter agreement for a liquefied natural gas (LNG) carrier has been signed with GAIL (India) Limited.

    GAIL is the largest natural gas Company of India with approx. 11,400 Km of cross country existing trunk pipeline network and another 4,000 Km pipelines in advance stage of completion. GAIL is ranked no. 1 gas pipeline company in India and among the top gas utilities in Asia. The company business activities range from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE. The company has extended its presence in Liquefied Natural Gas (LNG) re-gasification, City Gas Distribution and Exploration & Production through equity and joint venture participations. Of late, GAIL also diversified into solar and wind power generation. GAIL currently holds a LNG / RLNG portfolio of about 14 MTPA from various long and short-term contracts. The company is also committed to LNG trading globally. The consolidated turnover of GAIL for FY 2018-19 is about USD 11 billion with a net income of about USD 900 million.

    It is expected that demand for gas will be increasing continuously in India, registering significant economic growth. MOL has been participating in Indian market since the beginning of LNG import into the country, with the distinction of having brought the first gas from Qatar. MOL is currently participating in not only transportation of LNG but also the projects in India of floating LNG receiving terminal and Ethane transportation by the first Very Large Ethane Carrier (VLEC) in the world.

    The present Agreement has been concluded in line with the direction, which MOL declared in the Management Plan "Rolling Plan 2019", to strategically allocate management resources to businesses where MOL has strengths.

    MOL will, in response to increasing demands for energy transportation, continue its effort to provide a stable sea transportation services with high safety standards, which the company is known for.




2019 November 20

18:10 FESCO provided transportation of nuclear submarines’ blocks and tanker from Kamchatka Territory to decommissioning site in Primorye
17:48 Cruise ship Mustay Karim returns from successful sea trials
17:06 ECOsubsea gets permission to start offering hull cleaning services to vessels at all Dutch Ports
16:56 Tallinn Shipyard wins prestigious 2019 Safety4sea Europort Awards
16:19 Wärtsilä solutions chosen to upgrade efficiency and environmental performance of Norwegian fishing vessel
16:03 Oboronlogistics completed the delivery of inert materials and special equipment to the Novaya Zemlya
15:00 ESPO: TEN-T policy review must bring maritime links on equal footing with land links
14:09 RF Govt Transport Commission approved inclusion of 57 projects into comprehensive plan for upgrading and expanding core infrastructure
13:35 Ecosystem-based management and maritime spatial planning are furthered at HELCOM-VASAB meeting in St Petersburg
12:57 RS takes part in Transport of Russia 2019
12:02 The world’s largest wind turbine tested on Maasvlakte
11:44 WMU signs MoU with International Maritime Academy, Lebanon
11:23 Tariffs for LNG services provided by KN approved for 2020
11:02 Bureau Veritas certifies Ørsted's Borkum Riffgrund 2 offshore wind farm
10:28 Hydraulic engineering structures of Volga-Don Canal underwent reconstruction
10:25 MABUX: Bunker market this morning, Nov 20
10:05 Bunker prices are stable at the port of Saint-Petersburg, Russia (graph)
10:02 Yang Ming to launch new Southeast Asia Services
09:46 Brent Crude futures price is down 0.11% to $60.84, Light Sweet Crude – up 0.04% to $55.37
09:41 Foreship launches Hamburg business to grow in Germany
09:29 Baltic Dry Index is down to 1,304 points
09:14 CMA CGM reviewes Low Sulphur Surcharge for RoRo Med Lines

2019 November 19

18:03 Port of Piraeus throughput reaches 5 million TEU this year
17:50 BPO joins the “More EU budget for transport” coalition
17:22 Throughput of Russia’s seaports expected to grow by 3% to 850 million tonnes in 2019
17:03 Expro awarded contract extension with INPEX, offshore Australia
16:45 Gasum expands their maritime fuel supply by new Swedegas’ facility in the port of Gothenburg
16:24 IMO helps train future leaders in maritime policy
16:03 CSV Bourbon Oceanteam 101 extends charter contract with client for works in Angola
15:03 MSC appoints Soren Toft as CEO for container shipping & logistics
14:21 Shipment of half a billionth tonne of coal from Vostochny Port kicked off by Sergey Ivanov and Yevgeny Ditrikh
14:02 ICTSI proposal to develop Iloilo ports complete
13:23 Med Marine orders MAN 175D for Svitzer ice-breaking tugs
13:00 Havyard Ship Technology AS announces new general manager
12:38 Bunker prices are stable at the Far East ports of Russia (graph)
12:02 ABP’s Port of Ipswich welcomes floating storytelling museum
11:44 Registration for the 16th International Transport Forum YugTrans 2020 is open
11:37 Port of Southampton investing in quayside to continue welcoming largest ships
10:59 Navigation season of 2019 closed in Baikal-Angara Basin of Russia’s IWW
10:31 EEC postponed consideration of amendments into Technical Regulation of the Customs Union in the part of sulphur content in bunker
10:05 Ports of Los Angeles and Copenhagen Malmö sign collaborative agreement on sustainability, environment
10:03 Multipurpose Reloading Complex spent over RUB 1 million under its social programme in 9M’19
09:40 Brent Crude futures price is down 0.14% to $62.35, Light Sweet Crude – down 0.21% to $57.02
09:25 Baltic Dry Index is down to 1,338 points
09:22 MABUX: Bunker market this morning, Nov 19
09:08 Nexans secures a 5-year contract extension with Chantiers de l’Atlantique to supply cables and services
08:12 Shell Marine secures contract for Cosco Shipping Specialized Carriers

2019 November 18

18:30 CMA CGM announces FAK rates from North Europe to ISC
18:07 2020 Bulkers extends time charters for Bulk Santiago and Bulk Seoul
17:54 Rosmorport supports 3rd Hydraulic Engineering Structures and Dredging Congress as its General Sponsor
17:35 Columbia Threadneedle Investments and Brittany Ferries reach agreement to acquire Condor Ferries from Macquarie Infrastructure and Real Assets
17:21 Moscow, Saint-Petersburg and Murmansk to host PORA discussion “Development of Water Transport Infrastructure in the Arctic” on Nov'26
17:05 ​Shearwater GeoServices awarded largest-ever 4D campaign in the Asia Pacific region by Woodside
16:35 HYUNDAI Merchant Marine joins “Getting to Zero Coalition”
16:20 Gazprom Neft reports 4.1-pct growth of bunker fuel production to 2.04 million tonnes in 9M’19
16:05 Essar Ports completes work on the Hazira-based Passenger Ferry Terminal
15:41 Epic Gas completes acquisition of 11,000 CBM Epic Sicily
15:37 Gazprom Neft increases net profit by 7% in 9M 2019
15:02 Port of Gdynia prepares to develop acquired land at Węgierskie Quay
14:39 Training for African women working in SAR operations held at Maritime Rescue Coordination Centre in Morocco