169 Ships sent to South Asian shipbreakers in second quarter 2018

There were a total of 220 ships sent for demolition in the second quarter of 2018, with 169 of those sold to South Asian shipbreakers where they are driven ashore and dismantled by hand within the tidal zone, the NGO Shipbreaking Platform said in its Q2 report. Between April and June, the Platform tallied 6 […]

S&P Boosts Panama Canal’s Outlook to Positive

Two years after the inauguration of the Expanded Panama Canal, Standard & Poor’s (S&P) Global Ratings revised its outlook on the Panama Canal from stable to positive – demonstrating the global impact of the historic waterway. The rating agency also affirmed its A- rating for the Panama Canal, ranking the ACP two notches above that […]

Japan to Launch First LNG Bunkering Vessel in 2020

Central LNG Shipping Japan Corporation (CLS) placed an order a 3,500 m3 LNG bunkering vessel (LBV) on July 6, the first to be operated in Japan. The joint venture company, established by Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha, ordered the new vessel from Japanese shipbuilder Kawasaki Heavy Industries. […]