China-based COSCO (Zhoushan) Shipyard Co. has delivered a 64,000 DWT bulk carrier named Queen Cuki to its European buyer, Lomar Shipping.   The vessel measures 199.90 meters in LOA (length of all), 32.26 meters in breadth and 18.5 meters in depth.   In February 2012 Lomar signed an order with COSCO Group in China for up to six ‘Ultramax’ bulk carriers.   Scheduled for delivery starting from early 2014, the ‘Dolphin’ 64,000 dwt vessels have been designed by Chinese des...

Kawasaki Kisen Kaisha (K Line) has joined compatriots Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) in inking a long-term time charter contract with Mitsui & Co for the Cameron LNG project in the US.   K Line said it would be building a 178,000 cu m capacity LNG carrier at Imabari Shipbuilding for the 25-year contract. The vessel will be owned by Trinity LNG Transport a joint venture between K Line, Mitsui and Imabari.   Delivery of the vessel is expected in 2020 and i...

Vietnam needs to find at least USD 2 billion in the next five years to modernise its fleet of commercial vessels, the country’s daily Vietnam News quoted Vietnam Maritime Administration Deputy Head Bui Thien Thu as saying.   However, the multi-billion dollar investment cannot be financed from the already stretched state budget, Thu said, hinting at a possibility for the domestic and foreign private sectors to invest in the country’s proposed maritime r...

Japan’s Mitsui OSK Lines (MOL) has entered into a deal to buy four next-generation car carriers at Minaminippon Shipbuilding. The newbuildings are scheduled to be delivered in 2017 and 2018 and will serve on MOL’s worldwide car carrier services. MOL named the car carriers the ‘Flexie’ series, where the number of decks will go up to 14 from 12 on current vessels. The number of liftable decks will also increased to six from two. The newly designed liftable decks will offer greater flexi...