China COSCO Shipping

Teekay LNG Releases Resolution To China LNG Joint Venture Issues

Vladimir Voronin_Yamal LNG

With reference to a press release issued on September 30, 2019, Teekay Corporation (Teekay) and Teekay LNG Partners L.P. (Teekay LNG) announced that COSCO Shipping Energy Transportation Co., Ltd. has completed an ownership restructuring on arms-length terms which has resulted in Teekay LNG’s joint venture partner, China LNG Shipping (Holdings) Ltd. (China LNG), no longer being classified as a “Blocked Person” under Office of Foreign Assets Control (OFAC) rules.

Representation Image – Credits:...

https://www.marineinsight.com/shipping-news/teekay-lng-releases-resolution-to-china-lng-joint-venture-issues/

Kawasaki Heavy Industries Delivers 61,000 DWT Bulk Carrier ‘African Cardinal’

Bulk Carrier AFRICAN CARDINAL Delivered

Kawasaki Heavy Industries, Ltd. announced that it delivered the bulk carrier AFRICAN CARDINAL, with a capacity of 61,000 DWT (Kawasaki hull No. 8038, DACKS hull No. DE056), for CARDINAL MARITIME S.A. at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), which is located in Dalian City, China and operated jointly with China COSCO Shipping Corporation Limited (China COSCO Shipping).

Image Credits: global.kawasaki.com

The vessel has a flush deck with a forecastle and five holds that are...

https://www.marineinsight.com/shipping-news/kawasaki-heavy-industries-delivers-61000-dwt-bulk-carrier-african-cardinal/

MOL & China COSCO Shipping Name LNG Carrier For Yamal LNG Project ‘LNG DUBHE’

LNG Dubhe

Mitsui O.S.K. Lines, Ltd. (MOL) announced that on 24 September, a naming ceremony for a conventional LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong).

As many participants in the Yamal LNG project looked on, the newbuilt vessel was named the “LNG DUBHE” at the Hudong shipyard. The vessel was named “LNG DUBHE” after a star in the constellation Ursa Major and is the first of...

https://www.marineinsight.com/shipping-news/mol-china-cosco-shipping-name-lng-carrier-for-yamal-lng-project-lng-dubhe/

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