LNG

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.

French classification society Bureau Veritas has approved a joint development project involving several companies from Japan, South Korea and France for wind-assisted ship propulsion (WASP) for an LNG carrier and a Very Large Crude Carrier.