American Bureau of Shipping approves Moss LNG tank design for larger Kawasaki carriers
The American Bureau of Shipping, the US classification society, has granted an approval in principle (AIP) for a new Moss-type LNG tank design concept developed by Japan’s Kawasaki Heavy Industries to boost shipment capacity through the Panama Canal.
Classification society DNV GL awards Kawasaki approval for non-spherical Moss-type LNG tank
DNV GL, the European classification society, awarded Kawasaki Heavy Industries of Japan an approval in principle for its newly developed non-spherical Moss-type LNG storage tank.
LNG shippers to maintain high debt levels
Aug 20 (LNGJ) - Moody's expects that new investments by Japanese shipping companies Nippon Yusen Kabushiki Kaisha (NYK) Mitsui O.S.K Lines (MOL) and Kawasaki Kisen Kaisha will keep their debt levels high and slow deleveraging.
Continued high debt leverage due to a rise in LNG tankers on order could trigger downgrades for NYK and MOL, the rating agency warned.
