Tag: Orders
Mitsubishi Shipbuilding Receives Orders for Japan’s First Methanol-Fueled RORO Cargo Ships
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has received orders from Toyofuji Shipping Co., Ltd. (Aichi Prefecture) and Fukuju Shipping Co., Ltd. Shizuoka Prefecture) for Japan’s first methanol-fueled roll-on/roll-off (RORO) cargo ships(1). The two ships will be built at the Enoura Plant of MHI’s Shimonoseki Shipyard & Machinery Works in…
Trafigura orders four ammonia-powered ships, first one to come in 2027
Commodity trading house Trafigura has ordered four medium gas carrier ships that can be powered by ammonia to cut shipping emissions, with the first vessel to be delivered in 2027, the company said in a statement. By 2030, Trafigura aims to cut the carbon intensity of its shipping fleet by 25%. The newbuild vessels will…
Ocean Network Express orders 12 methanol dual-fuel container ships
Singapore-headquartered container carrier Ocean Network Express (ONE) has signed ship building contracts with two Chinese shipyards for the construction of 12 methanol dual-fuel container ships. The company said in a press statement that Jiangnan Shipyard and Yangzijiang Shipbuilding will each build six 13,000 TEU methanol dual-fuel container ships. The ships are scheduled to be delivered…
Fratelli Cosulich Group orders its first methanol dual-fuelled bunker tanker backed by a long-term time-charter to TFG Marine
Fratelli Cosulich Group is proud to announce that on December 15, the Company placed an order for its first methanol dual-fuelled chemical bunker tanker. The 7,990 dwt IMO Type II chemical vessel will be built at Taizhou Maple Leaf Shipbuilding Co., Ltd in China. With a capacity of over 8,000 m3, its cargo tanks will…
Maritime decarbonization efforts propelled as orders for alternative-fueled vessels grow
The latest stats from DNV’s Alternative Fuels Insight (AFI) platform found that a total of 298 ships with alternative fuel propulsion were ordered in 2023 – an 8% increase year on year. The year also saw methanol go mainstream, with a sharp increase in orders (138), putting it neck and neck with LNG (130). Additionally,…
Proven MAN EGR Incentivises Continuous ME-GA Engine Orders
Nippon Yusen Kaisha (NYK), the major Japanese shipping company and among the world’s largest owners and operators of LNG carriers, has ordered 4 × 2 × 5G70ME-GA Mk. 10.5 engines in connection with the construction of 4 × 174,000 cbm. LNG carriers. All eight engines will feature MAN Energy Solutions’ proprietary EGRBP (Exhaust Gas Recirculation…
Korean Shipbuilding Industry Achieves Successive Orders for LNG, Ammonia Transport Vessels
The domestic shipbuilding industry, which secured the top position in global orders last month, continues to receive new orders this month. HD Korea Shipbuilding & Offshore announced on Nov. 14 that its subsidiary, HD Hyundai Heavy Industries, has recently signed a construction contract worth a total of 698.1 billion won (US$531.68 million) with a shipping…
Wallenius Wilhelmsen Orders Multiple Dual-Fuel, Methanol-Powered Car Carriers
Wallenius Wilhelmsen, the global RoRo shipping and vehicle logistics company, has ordered 4 × MAN B&W 7S60ME-C10.5-LGIM (-Liquid Gas Injection Methanol) dual-fuel engines capable of running on green methanol in connection with the construction of 4 × PCTCs (Pure Car/Truck carriers). The 9,300 CEU (Car Equivalent Unit) vessels will be built in China at the…
Ship Owners Limit Newbuilding Orders After Latest Spree
Newbuilding activity was somewhat limited over the past week, after a series of very strong contracting. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market prevailed in a state of clampdown as of the past week, with a very limited number of new projects coming to light during the same time…
In Support of Maritime Arbitration: The English Courts’ Role in Enforcing Peremptory Orders and Awards
We have previously discussed the English courts’ supportive powers in LMAA arbitrations through the use of anti-suit injunctions to enforce arbitration agreements and its powers to preserve evidence and property and order the attendance of witnesses. In this article, we consider the courts’ powers under the Arbitration Act 1996 (“AA 1996”) to enforce peremptory orders…
