Japan’s Mitsui OSK Lines (MOL) has ordered two very large gas carriers (VLGCs) from Hanwha Ocean and HD Hyundai Heavy Industries in South Korea for delivery in the second half of 2027. The LPG dual-fuel newbuilds at Hanwha Ocean cost $118.5m each, while those at HD Hyundai Heavy are priced at $121m each. MOL is expanding its LPG and liquefied ammonia gas fleet to meet the increasing imports in Japan, with potential for more orders in the future.
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US stock markets expected to recover after Trump drops tariffs on mobiles
US stock markets are poised for a recovery following Donald Trump’s decision to exempt imports of smartphones and laptops from tariffs, a move seen as a concession. This exemption, which also includes chips, is expected to significantly benefit companies like Apple and Nvidia, with their shares predicted to rise as tariffs on their products will be lifted for 90 days. The announcement, made late on Friday, is anticipated to provide a boost to the tech...
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