ABS and MOL Sign MOU on 14 LNGCs

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.

The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.

“ABS is a world leader in gas and the classification of gas carriers, with a track record of supporting some of the most innovative and technically demanding...

https://maritime-executive.com/article/abs-and-mol-sign-mou-on-14-lngcs

Offshore wind activity on US East Coast to drive newbuild vessel demand

As offshore wind activity increases along the US East Coast, a big ramp-up in port activity is expected; there is already evidence of this at ports in Massachusetts and Rhode Island. With this will come a demand for newbuild heavy lift vessels installation vessels specifically for the wind energy...

https://www.seatrade-maritime.com/news/americas/offshore-wind-activity-on-us-east-coast-to-drive-newbuild-vessel-demand.html