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Five major companies to develop ammonia-fueled vessels

Imabari Shipbuilding along with MAN Energy Solutions, Mitsui E&S Machinery, ClassNK, ITOCHU ENEX and ITOCHU Corporation shake their hands and signed an agreement in order to jointly develop vessels equipped with ammonia-fueled engine and achieve net zero emissions. 

Cargill, Maersk Tankers, Mitsui collaborate to advance GHG reduction in shipping

Cargill, Maersk Tankers and Mitsui & Co. announced the establishment of a collaboration to advance the reduction of global greenhouse gases (GHGs) in shipping. The companies will work towards lowering maritime GHG emissions by fully exploiting existing fuel-saving technologies and exploring new technical solutions.

Gazprom, Mitsui discuss Sakhalin II and Baltic LNG projects

Alexey Miller, Chairman of Russia’s Gazprom Management Committee, met with Masami Iijima, Chairman of the Board of Directors of Japanese Mitsui & Co., Ltd., in Moscow on 22 January. The parties discussed current issues related to bilateral collaboration, including the Sakhalin II project.

MOL takes part in demonstration test using aerial drones

Mitsui O.S.K. Lines, Ltd. announced on December 20 that it participated in a demonstration test of ship class survey using aerial drones to inspect an MOL-operated coal carrier in service. The test reassured the benefits of using drones to monitor rust, corrosion, and the presence of cracks.

Gazprom, Mitsui ink MoU on Baltic LNG project

On the sidelines of the Eastern Economic Forum, Russian Gazprom and Japanese Mitsui & Co. Ltd. signed a MoU on the LNG plant project Baltic LNG. The parties also discussed the ongoing cooperation on the Sakhalin II project, which includes Russia’s first LNG plant.

Japanese companies cooperate for FPSO project off Brazil

MODEC, Mitsui & Co, Mitsui O.S.K. Lines, Marubeni and Mitsui E&S Holdings, agreed that Mitsui, MOL, Marubeni and Mitsui E&S will invest in a long-term charter business to provide a floating production, storage, and offloading system for use in the Mero field off the coast of Brazil. The FPSO will be chartered for 22 years.

China, Japan to regularly use Arctic route for LNG transport

Chinese and Japanese shipping companies are collaborating to create an Arctic Ocean route, with the aim to ship LNG to Asian markets. This development is an attempt which has as a target to reduce transport time by more than half. Namely, Mitsui and Cosco will cooperate, diversifying risk, as sailing in the Arctic hides many dangers.

Mitsui makes offer for AWE acquisition

Mitsui is about to make an offer of A$0.95 cash per share for all of the issued shares of AWE, which was announced on 5 February 2018. Mitsui currently has an interest in 3.01% of AWE’s shares. Mitsui will declare the offer unconditional if it acquires an interest in AWE shares of at least 50.1%, on 14 March 2018.

Mitsui Engineering & Shipbuilding, Tsuneishi form business alliance

This alliance aims to maintain the sustainable growth of the two companies in the shipbuilding business. The two companies will remain independent and will collaborate to enhance design development capabilities and cost competitiveness and increase orders, as well.

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