LNG

July 20 (LNGJ) - JFE Steel of Japan has signed long-term charter agreements with the three main Japanese shipping companies, Mitsui OSK Lines, NYK Lines and K-Line for three LNG-powered bulk carriers to transport iron ore and coal. The three 210,000 deadweight-ton bulk carriers are being designed and built by Japanese shipbuilder Nihon Shipyard, a joint venture set up by Imabari Shipbuilding and Japan Marine United. JFE Steel said the charters were part of a gradual switch to LNG-fuelled vessels in an efforts to reduce shipping emissions.