MOL Chemical Tankers has reached a deal to acquire the business of Fairfield-Maxwells' Fairfield Chemical Carriers in an all-cash transaction.Under the agreement, MOL Chemical Tankers would obtain 100% of the shares in Fairfield Chemical Carriers for about $400 million, subject to change depending on the price adjustment under the share purchase agreement.
Nippon Yusen Kabushiki Kaisha (NYK) and its group company MTI Co., Ltd. (MTI), in collaboration with Smert Design Co. Ltd., launched a trial to use 3D models in the initial design phase of ship construction. Ultimately, the aim of the project is to help optimize and shorten the ship design and construction process.
Mitsui O.S.K. Lines (MOL) has installed a long-range wind condition measurement device on one of its RoRo vessels in a trial that aims to reduce fuel consumption and contribute to safe operations.MOL partnered with Metro Weather for a demonstration of Doppler LiDAR on Musashi Maru RoRO vessel on the route between Tokyo and Fukuoka.
Kawasaki Kisen Kaisha, Ltd. (“K” Line) has adopted NavFleet as a fleet monitoring system platform provided by Navtor A.S., and witnessed by Norwegian Embassy in Japan, “K” Line signed a MoU with Navtor regarding the development of “K” Line 24/7/365 global fleet monitoring and support system through the use and functional expansion of NavFleet on August 25.