South Korean owner Sinokor Merchant Marine has sold its 1992-built VLOC for demolition. Shiprboking sources said the 268,000 dwt Mitsubishi-built vintage unit has fetched a price of $310 per ldt, including 2,700 tons of bunker fuel on board. VesselsValue data shows the vessel will be delivered to...
https://splash247.com/sinokor-sells-elderly-vloc-for-demolition/
Imabari Shipbuilding, Japan’s largest shipbuilder, is pressing ahead with plans to build a world-first LPG-fuelled capesize bulk carrier, with ClassNK granting an approval in principle to the 180,000 dwt dual-fuelled concept design developed in cooperation with Mitsubishi Shipbuilding. “As one of...
https://splash247.com/imabari-presses-ahead-with-project-to-build-worlds-first-lpg-fuelled-cape/
Yuichi Sonoda is to return as secretary-general of the Asian Shipowners’ Association (ASA), a role he held from 2010 to 2014. The Japanese citizen is unable to get to Singapore in time for the May 1 start of his tenure thanks to travel restrictions in place because of the coronavirus so ASA has...
https://splash247.com/sonoda-to-return-to-take-helm-of-the-asian-shipowners-association/
The Higaki family, who own Japan’s largest shipbuilder, Imabari, as well as shipping line Shoei Kisen Kaisha, has emerged as the fourth largest shareholder in Oslo-listed dry bulk concern, Belships. Citing a recent Pareto report, Norwegian business daily Finansavisen is reporting Imabari, which...
https://splash247.com/imabari-emerges-as-major-shareholder-in-belships/
The Maritime and Port Authority of Singapore (MPA) has reported two vessels detentions for using non-compliant fuel in the first quarter to ensure the implementation of IMO 2020 sulphur regulations. According to MPA, about 96% of the ships that arrived in the Port of Singapore used compliant fuel...
https://splash247.com/singapore-detains-two-vessels-for-using-non-compliant-fuel/
Japanese owner Nippon Yusen Kabushiki Kaisha (NYK) has placed an order at China’s Nantong Cosco KHI Ship Engineering (NACKS) for the construction of a VLCC tanker. According to Banchero Costa, delivery of the crude tanker is scheduled in the second half of 2021 and the value of the order is $90m....
The South Korean government will provide KRW1.25trn ($1.01bn) in emergency funding to the shipping industry, with $382m earmarked for flagship carrier HMM, the Ministry of Oceans and Fisheries announced today. HMM this week starts taking delivery of a series of record-breaking ships. The is the...
https://splash247.com/seoul-hands-out-billions-to-yards-and-lines/
The Baumarine pool, managed by Klaveness and Marubeni joint venture MaruKlav, has been joined by Japanese owner Shoei Kisen. Shoei Kisen, the ownership arm of Imabari Ship Building, has added the newbuild to the pool after it was delivered last week. The pool says it will likely perform a voyage...
https://splash247.com/baumarine-pool-adds-shoei-kisen-panamax/
Accounting firm PwC is set to become the interim judicial manager of Hin Leong Trading with founder O K Lim and his family ceding control of the oil trading giant. Singapore-based Hin Leong Trading, which controls Ocean Tankers as well as Ocean Bunkering Services, has revealed debts of $3.85bn...
https://splash247.com/lim-family-steps-away-from-debt-laden-hin-leong/
The president of South Korea, Moon Jae-in, was on hand today at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering for the naming of the largest containership in the world. The country’s first lady, Kim Jung-sook, served as godmother, cutting the ropes to officially name the 23,964 teu ,...
https://splash247.com/south-korean-president-presides-over-the-naming-of-the-worlds-largest-boxship/