Internatinoal classification society DNV GL has awarded Kawasaki Heavy Industries of Japan an Approval in Principle (AiP) for a newly developed non-spherical (MOSS) tank designed for use in liquified natural gas carriers using the Expanded Panama Canal. The new tank is an IMO Independent Type B LNG tank developed for use in 180,000 cubic meter LNG carriers. KHI says that … [Read more...]
Norway Races Australia to Fulfill Japan’s Hydrogen Society Dream
By Lefteris Karagiannopoulos, Sonali Paul and Aaron Sheldrick OSLO/MELBOURNE/TOKYO, April 28 (Reuters) - Norway and Australia are racing each other to show they can supply Japan with hydrogen, hoping to fulfil its ambition to become the first nation significantly fuelled by the super-clean energy source. While Australia has planned to derive liquid hydrogen from brown … [Read more...]
Kawasaki Heavy Industries Tumbles Most in Eight Years on Outlook
By Chris Cooper (Bloomberg) -- Shares of Kawasaki Heavy Industries Ltd. plunged the most in eight years after the company cut its full-year profit forecast by more than half and said it was reviewing whether to continue its shipbuilding business. The stock fell 11 percent to close at 276 yen in Tokyo on Monday, the biggest drop since October 2008. It was the worst … [Read more...]
Kawasaki Heavy Industries to Build LNG Carriers in China
By Masumi Suga June 25 (Bloomberg) -- Japanese shipbuilder Kawasaki Heavy Industries Ltd. plans to construct gas carriers abroad as it strives to lower costs and take market share from Korean rivals. At present currency levels, the company’s Chinese ventures are more cost competitive than Korean shipyards, Akio Murakami, head of Kawasaki Heavy’s shipbuilding and offshore … [Read more...]
K-Line Orders New, Environmentally-Optimized Car Carrier
Feb. 12 (Bloomberg) -- Kawasaki Kisen Kaisha Ltd., Japan’s third-largest shipping line by sales, has ordered a vessel fitted with an engine to cut nitrogen oxide emissions to meet stricter controls, said three people familiar with the situation. The Tokyo-based shipping line, also known as K-Line, will put an engine being developed by Kawasaki Heavy Industries Ltd. in a car … [Read more...]