LNG

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line), with almost 80 LNG carriers and a fleet of over 700 vessels covering all sectors, has given an overview of shipping difficulties such as Panama Canal congestion and trading route problems, China’s economic slowdown and lower global oil output for its tankers to handle.

Japanese shipping company Mitsui OSK Lines (MOL), whose energy business fleet includes over 150 tankers for oil and other products and about 90 LNG carriers, reported tumbling profits and a fall in revenues amid global shipping market disruptions.