Cosco Shipping Energy Transportation (CSET), the tanker unit of China Cosco Shipping, has approved a proposal to order a total of 14 tankers at two state-run domestic yards. CSET will order four 320,000 dwt VLCCs and three 160,000 dwt crude tankers at Dalian Shipbuilding Industry (DSIC), and five 110,000 dwt tankers and two 65,000 dwt tankers at CSSC Offshore & Marine Engineering, formerly known as Guangzhou Shipyard International. The official shipbuilding contracts will be signed soon.
The cruise ship and shipbuilding industries marked an important milestone recently with the beginning of construction of the "AIDAnova" in Germany and the Costa Smeralda in Finland. Far more than just two more new cruise ships, they will be the first of a new generation of cruise ships fully powered by LNG. The adoption of LNG-power represents the first significant development in ship power in nearly a century. Since the conversion from coal the 1920s, ships have used heavy oil as their fuel source. “Without a doubt, the future belongs to low-pollutant LNG,” asserts Meyer Werft, one of the world’s leading shipbuilders.
Dry bulk shipowners are not helping their own cause by a failure to scrap vessels, which will lead to an “extremely volatile” market recovery warns Precious Shipping. In its third quarter results Precious Shipping noted that demand had grown, as could be seen from the cargo numbers from China, with the Baltic Dry Index (BDI) rising to 1,356 points on 29 September. However, when it comes to vessel supply Precious Shipping md Khalid Hashim warned: “net increase in supply has exceeded our most pessimistic expectations at 21.64m dwt easily surpassing the entire net supply increase of 18.51m dwt in all of 2016!”
Mitsui OSK Lines (MOL) has developed a safety training tool using virtual reality (VR) goggles. The tool uses VR technology developed by Tsumiki Seisaku and replicate training scenarios and work tasks. With the seafarer wearing VR goggles it means that the training can be carried out at any location be it onboard the vessel, in the office or in a training centre. Initially training will focus on preventing accident falls which MOL said were a major cause of injuries, and later expanded to other areas and more vessels.
The 20,170 teu "MOL Truth" has been registered with Panama, a first for the Registry. "This is a historic moment, as we are registering the first ship of Panamanian flag of 20,000 containers of Japan, in the context of the 100 years of Panama Ship Registry and 40 years of friendship between the cities of Imabari and Panama,” said Jorge Barakat Pitty, Panama Minister of Maritime Affairs. The ship 20,170 teu MOL Truth is deployed for trade between Asia and Europe and she will be operated by Mitsui OSK Lines (MOL), serving mainly the Toyota Corporation cargo. She was named in the shipyard of Saijo of the city of Imabari.
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