Japanese shipping company Mitsui OSK Lines (MOL) has expanded its orderbook by securing a deal for four newcastlemax bulk carriers from CSSC Qingdao Beihai Shipbuilding, with delivery scheduled for 2027 and 2028. These new vessels, costing $10m more than previous orders, will be powered by ammonia dual-fuel units instead of LNG dual-fuel engines. MOL’s focus on ammonia-fuelled ships has led to partnerships with Mitsui & Co and Mitsubishi Shipbuilding, resulting in 14 dual-fuel newcastlemax newbuilding projects across Chinese and Japanese shipyards, joining other industry players in pursuing eco-friendly vessel designs.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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