• 2021 May 18 13:11

    MOL to re-enter ammonia transport business

    Mitsui O.S.K. Lines, Ltd. today announced that it has decided to re-enter the ammonia transport business with the Green Pioneer, a 35,000 cbm-type ammonia /LPG carrier, and signed a time charter contract with Trammo, a leading international merchandising and ammonia trading company, according to MOL's release.

    MOL was active in the ammonia transport business until 2016 and this contract marks its re-entry into the field.

    Ammonia is widely used all over the world as a raw material for fertilizer and demand is expected to increase in step with rising food production as the world's population grows. In recent years, ammonia has also drawn attention as a next-generation clean fuel, which generates zero CO2 emissions when it burns, and as a "hydrogen carrier" that enhances the efficiency of hydrogen transport.

    MOL has the world's largest LNG fleet, which is also positioned for growth as a low-carbon fuel, and has been deeply involved in LNG value chains through its powership and FSRU businesses. The MOL Group will steadily accumulate a track record in safe, reliable transport of ammonia and hydrogen, which are expected to be in high demand as fuel in the future, and contribute to the realization of a decarbonized society through proactive participation in a broad range of value chains.




2021 June 19

15:37 BIMCO welcomes updated IMO Compendium to advance electronic data
14:19 TradeLens digital shipping platform adoption grows in China
13:49 Bimco launches initiatives to address shipping’s plastic footprint
12:31 First cruise passengers of the year in Gothenburg go ashore in a bubble
11:23 Austal Australia delivers 11th Guardian-class patrol boat

2021 June 18

19:30 Royal IHC hands over the second cutter suction dredger to Suez Canal Authority
18:02 Consolidated cargo turnover of NCSP Group in 4M’2021 fell by 18.7% YoY
17:39 Safety management of Sparta IV complies with the ISM Code
17:15 Oboronlogistics' Sparta III allowed to sail in Northern Sea Route waters
16:47 Acceptance/delivery certificate signed for non-self-propelled suction hopper dredger of Project 4395 built for Kama Basin
16:14 BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts
15:51 FESCO opened seasonal transportation to the ports of Chukotka
15:30 CMA CGM to enhance its BSMAR service connecting Black Sea & Turkey with Morocco
15:22 Production of Icon of the Seas began at Meyer Turku shipyard
14:56 Wärtsilä signs multiple vessel support agreement with Nakilat
14:53 Multipurpose Reloading Complex puts into operation two new 5-cbm clamshell buckets
14:17 Singapore: Seven start-up grant recipients announced at launch of Smart Port Challenge 2021
13:48 The Lepse floating maintenance base no longer poses a nuclear threat to the Arctic
13:21 GLDD agrees to $1 million fine
12:59 Rosatomflot organized icebreaker escorting of LNG carrier Nikolay Urvantsev
12:54 Stena RoRo takes delivery of the lengthened vessel Stena Scandica from the Turkish shipyard
12:30 CMA CGM announces Overweight Surcharge from Asia to North Europe
11:45 Number of lock through operations on Russia’s IWW rose by 2.81%
11:02 ATLAS A-CLASS new WTIV tailored for large-scale Wind Farm Installations
10:38 Glavgosexpertiza of Russia approves project of in-depth modernization of Onezhsky Shipyard
10:02 CMA CGM announces Hazardous Surcharge from Asia to North Europe
09:53 Port of Oakland posts results for Jan-May 2021
09:40 Baltic Dry Index as of June 17
09:24 Oil prices continue decreasing
09:07 MABUX: bunker indexes may decline on June 18
08:59 DNV launches new digital EEXI Calculator

2021 June 17

18:37 PD Ports commended with top ‘Gold’ award for ongoing commitment to health and safety
18:07 Maersk advises logistics planners on hurricane season preparation
17:40 Trials of innovative smart navigation marker at Stockholm Norvik Port
17:23 Remote surveys continue to gain momentum
17:16 Konecranes instills new Generation 6 mobile harbor cranes with a genetic code for the future
17:06 MABUX: Bunker Weekly Outlook, Week 24, 2021
16:55 Sovcomflot to pay dividends in the amount of RUB 6.67 per share
16:50 KARMOL's first Floating Storage and Regasification Unit has arrived in Dakar
16:48 GTT entrusted by Hyundai Heavy Industries with the tank design for four new LNG carriers
16:18 HEMEXPO President appointed as Vice-Chair of SEA Europe
15:13 10 consecutive months of positive year-over-year growth in Savannah
14:52 Grigory Zhelokovich appointed as General Director of Astrakhan Ship Repair Yard
14:33 Royal IHC carries out maintenance work for DMI on LCF frigates
14:13 On-shore power plant at Kiel's Ostseekai inaugurated
13:54 Volga Shipping Company completes transportation of equipment for windfarm under construction in Kazakhstan
13:33 MARINE INTERIORS, Cruise & Ferry Global Expo, powered by SMM 2021 cancelled
13:33 Kalmar’s new-generation RTGs ready to enable productive eco-efficiency for container terminals
13:12 DNV and Keppel Offshore & Marine sign collaboration agreement to develop hydrogen projects in Singapore
13:00 Russia’s State Duma passes bill on obligations of investors in seaports
12:11 Covenant Energy chooses Haldor Topsoe’s HydroFlex™ and H2bridge™ solution to produce renewable diesel with low carbon footprint
11:49 RF Navy’s frigate Admiral Makarov took part in a complex exercise in the Mediterranean Sea
11:30 Global Ship Lease announces agreement to acquire four ultra-high reefer containerships on multi-year charters
11:02 Konecranes launches new generation of energy-efficient mobile harbor cranes as global trade accelerates
10:57 Port of Salalah ranked 6th globally in efficiency
10:51 Oil market sees downward price correction
10:09 MABUX: bunker indexes may demonstrate upward changes on June 17.
09:53 Port of Riga sees timber handling growth
09:30 Baltic Dry Index as of June 16
09:12 Weathernews signs strategic partnership deal with Wärtsilä