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Shipping & Logistics
Chem tanker to recover
Global chemical tanker market is predicted to recover in 2014, boosted by declining fleet growth. Shrinking tonnage growth and increasing seaborne trade, etc., give positive forecast for the market.
Samsung scores two LNGCs
Marubeni, Japan's fifth-largest trading company has decided to participate in a business for transportation of the US’ shale-gas to Korea, having set up a joint venture with SK Shipping of Korea, a Japanese local newspaper said on April 12.
Eco Tech into Energy Efficiency Design Index?
An examination is being conducted to include improved fuel-efficiency effects from new energy-saving innovative technologies in the Energy Efficiency Design Index (EEDI), developed by the International Maritime Organization (IMO) by calculating fuel-efficiency of ship.
Petronet expand LNGC stake
Petronet LNG plans to expand shipowning by taking a 26% stake in its next newbuilding LNG carrier. The Indian importer now holds a 3% stake in one LNG carrier out of three currently chartered-in.
