World-leading alternative fuels supplier, Titan LNG has tied up with Petronas Marine to deliver LNG under a Term Supply Agreement to VLCC Yuan Rui Yang, chartered by Koch Industries.
Earlier this month, Chinese shipbuilder COSCO Shipping Heavy Industry (Dalian) named and delivered an energy-saving eco-friendly MR product and crude oil tanker to COSCO Shipping Energy Transportation.
Orders for new cargo ships have rushed to Chinese shipbuilders in the past week, as the sky-high profits of shipping companies boosted by skyrocketing shipping costs amid the COVID-19 pandemic have given major momentum to new orders, the Global Times learned.