Saturday, April 18, 2015
   
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MOL to Pioneer Arctic Route for LNG

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Northeast PassageMitsui OSK Lines will begin shipping liquefied natural gas through the Arctic Ocean in 2018 — making it the first company in the world to tap the sea as a regular transit route.

Using icebreakers and tankers, the company plans to deliver LNG shipments to Europe and Asia from a gas plant to be built on the Yamal Peninsula in northern Russia, where gas producer Novatek is engaged in a joint LNG venture.

Read more: MOL to Pioneer Arctic Route for LNG

   

Australian Mining Giant Eyes Four More

Yangzijiang ShipbuildingLast month we reported Fortescue Metals Group’s order for four very large ore carriers valued at $275m.

Read more: Australian Mining Giant Eyes Four More

   

China Cosco Invests $176m in Six Panamax Bulkers

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CoscoChina Cosco Holdings has entered into agreements to construct and buy a total of six dry bulk carriers at a cost of $175.62m as part of a fl eet upgrading plan.

Read more: China Cosco Invests $176m in Six Panamax Bulkers

   

Royal Caribbean to Build Cruise Berth in Taiwan

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Oasis of the SeasRoyal Caribbean International has signed a memorandum of understanding with Taiwan International Ports Co (TIPC) to invest NT$1bn ($33.3m) in building a pier in outlying Penghu County to accommodate the cruise company’s vessels.

Read more: Royal Caribbean to Build Cruise Berth in Taiwan

   

Hyundai Glovis orders four vehicle carriers

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Glovis ChallengeThe Seoul-listed logistics unit of car maker Hyundai Motor, Hyundai Glovis, has ordered four 7,400 ceu vehicle carriers for nearly Won305bn ($298m) to expand its fleet.

Read more: Hyundai Glovis orders four vehicle carriers

   

Australia Looks to European Yards for New Icebreaker

Aurora AustralisThe Australian Federal Government has shortlisted two European yards to build a replacement for the Australian Antarctic Division’s icebreaker Aurora Australis.

Read more: Australia Looks to European Yards for New Icebreaker

   

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