Marine link


SK E&C Awarded Contract for Magnolia LNG

SK-EC awarded EPC contract for Magnolia LNG

  Liquefied Natural Gas Limited informs that its wholly owned subsidiary, Magnolia LNG LLC (MLNG) has agreed to an EPC contract with SK E&C USA (EPC Contract) in relation to the Company’s Magnolia LNG Project.  The Contract covers the initial 4 mtpa LNG installation, comprising two LNG trains, each with a LNG design capacity of 2 mtpa, two 160,000m3 storage tanks, a jetty and ship loading facility and related infrastructure, and all required approvals and licenses for the full 8 mtpa project. An additional two x 2 mtpa trains (Trains 3 & 4) are planned to follow the initial 4 mtpa installation. The EPC Contract, which is a Lump Sum Turn Key model, has now been forwarded to BNP Paribas, MLNG’s project finance adviser, Merlin Advisors LLC, the lenders’ technical consultant, and legal advisors White and Case for final review.  The finance adviser review aims to ensure third party acceptability of all proposed EPC Contract provisions to enable MLNG financial close consistent with project timelines.  The EPC Contract has also been forwarded to Stonepeak Partners LLC, the proposed Magnolia LNG Project Equity partner, for their final review together with its advisers. Execution of the EPC Contract is planned for later this month, subject to LNGL Board approval. The capital cost for the initial contracted work totals $1

LNG Finalizes Acquisition of Bear Head LNG Project


  Liquefied Natural Gas Limited today informed having finalised the acquisition of 100% of Bear Head LNG Corporation (BHLC). This follows the announcement to the ASX by LNGL on 28 July 2014 regarding the signing of an agreement to acquire BHLC from a subsidiary of Anadarko Petroleum Corporation (Anadarko) for US$11.0 million, and the satisfaction of standard closing conditions and consents. This acquisition of BHLC is in line with LNGL’s strategy of acquiring sites in North

Barge Partially Sinks

The AP has reported that a barge hauling 800,000 gallons of liquid asphalt that strayed from its tow has partially sunk to the river bottom, according to the Coast Guard. The Coast Guard said the barge doesn't seem in danger of breaking. The river current has pushed the 80-foot barge sideways against a railroad bridge near downtown Louisville. Nauert said the barge is believed to be stable. The barge was one of three that got away from their tow Thursday when a connecting cable broke or

Gulf Companies Brace for Hurricane Dean

Oil and natural gas producers were evacuating offshore workers and shutting small amounts of production over the weekend as they watched powerful Hurricane Dean storm across the Caribbean Sea toward an entry into the Gulf next week. Forecasts and computer models point Dean away from the paths taken by 2005's devastating hurricanes Katrina and Rita through offshore oil production areas and onshore refining centers.

Boskalis's Dockwise Bag Heavy Lift Contracts

Dockwise Vanguard at work: Photo courtesy of Boskalis

Royal Boskalis Westminster N.V. (Boskalis) announces that Dockwise has recently been awarded numerous new contracts valued at US$175-million for heavy marine transport as well as transport and installation (T&I) services. Various short term heavy marine transport contracts were acquired, primarily for the transportation of jack-up rigs, and all due to commence in the next couple of months. Included in these contracts is the transportation of large

Canadian Tour Boat Sinks

Canadian Transport Minister David Collenette released the following statement concerning the sinking of the tour boat Lady Duck, which resulted in the deaths of four passengers. The accident happened in the late afternoon of June 23, 2002, on the Ottawa River. “I would like to convey my condolences to the families and friends of those who died in this tragic accident. “We are cooperating fully with the Transportation Safety Board’s (TSB) investigation

Companies Align to Form Taipei Port Consortium

Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor. Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid. Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company

Bear Head LNG Plans Initial Phase of 8 MTPA

Aerial View of the Bear Head LNG Project Site, Nova Scotia, Canada

Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction and environmental permits granted by the Nova Scotia Utility and Review Board and Nova Scotia Environment. “This is a major step in adapting Bear Head LNG’s 12 existing construction and environmental permits to an export project. These key regulatory filings help maintain our accelerated pace in executing the

Crowley's Green Initiatives Garner Attention

Crowley Maritime Corporation's continued focus on environmental preservation and protection was recently recognized by the Chamber of Shipping of America (CSA) in Washington, DC, with environmental excellence awards for 26 ships, which are owned and/or operated by Crowley subsidiaries. The awards ceremony recognized companies with vessels that had achieved a record of two or more years of no recordable environmental incidents

MN 100: Kirby Inland Marine


55 Waugh Dr, #1000 Houston, TX 77007 Tel: (713) 435-1000   Email: Website: President: William G. Ivey The Company: Kirby Corporation is a premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii

Baltic Index Slips as Demand Falls

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as demand dropped across all vessel categories. The overall index, which factors in average daily earnings of capesize, panamax

Fiji: Boats Registeration a Must

Photo by Maritime Safety Authority of Fiji

 Under new maritime laws all vessels and boats using Fiji waters have to abide by the rules and regulations under the Marine Transport Decree, reports FBC   Maritime Safety Authority of Fiji (MSAF) will issue with an infringement notice to any vessel or boat that is not registered with

Smart Box Ship Features Built-in Container Tracking

CMA CGM Bougainville (Photo: CMA CGM)

CMA CGM Bougainville is billed as the first containership in the world to be equipped with TRAXENS technology, which transforms containers into smart, connected objects.   Newly built CMA CGM Bougainville, the 18,000 teu flagship of French container shipping company the CMA CGM Group

New Risks Moving Crude Oil by Rail

ERC-crude by rail-1.jpg

The rapidly changing landscape of crude oil exploration and drilling in the US and Canada, together with economic considerations, logistical issues related to pipeline transport, and the availability of new types of crude oils, including Bakken crude and various forms of bitumen

Crowley Acquires Jones Act Tankers

Crowley Takes Delivery of First of Four New, Jones Act Tankers from Aker Philadelphia Shipyard

  Crowley Maritime Corp. took delivery of Ohio, the first of four new, Jones Act, product tankers this week from Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA. The delivery is momentous not only for Crowley

Weaker Capesize Demand Pulls Down Baltic Index

Photo: Alex Sergienko

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry-bulk commodities, fell on Wednesday, primarily due to lower demand for capesize vessels.   The overall index, which factors in average daily earnings of capesize, panamax

River Information System Updated in Bulgaria

Bulgarian Prime Minister Boyko Borissov at the inauguration ceremony (Photo: Transas)

The Consortium BulRIS II led by Transas has completed the second phase of the BULRIS project, funded by the Operational Program "Transport" 2007 – 2013. The system was delivered to the Bulgarian Ports Infrastructure Company (BPI Co

Acta Marine Inks VSAT Deal with Alphatron Marine

(Photo: Alphatron Marine)

Alphatron Marine announced it has signed a leasing agreement with Acta Marine for to provide satellite hardware and data solution packages for 13 vessels.   Alphatron Marine’s VSAT system including Wireless access will be integrated into the IT infrastructure on the Acta Marine fleet

Calif. Forum Examines Transport ‘Beyond Traffic’

Paul “Chip” Jaenichen (Photo: MARAD)

Maritime Administrator Jaenichen, Vice Mayor Lowenthal Host Town-hall style Forum on Beyond Traffic Framework   U.S. Maritime Administrator Paul “Chip” Jaenichen and Long Beach Vice Mayor Suja Lowenthal today hosted the third of 11 nationwide regional forums on the Beyond

Baltic Sea Freight Index Remains Flat

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained unchanged on Monday.   The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels

Heavy-lift Ship Transporting 22 Vessels from Asia to Rotterdam

Photo: Damen Shipyards Group

Press release - The Damen Shipyards Group is shipping a total of 22 vessels from several Damen shipyards aboard the heavy-lift vessel Happy Star. This is Damen’s largest transportation of stock vessels to date. Upon arrival in Europe later this month

UK Chamber signs MOU with Society of Maritime Industries, British Marine

Photo: UK Chamber of Shipping

 The UK Chamber of Shipping has signed a Memorandum of Understanding with the Society of Maritime Industries and British Marine, to set out the basis for the three organisations to work together for the benefit of the industry as a whole.  

Leaders Call on Canadian Marine to Grow Economy

Robert Lewis-Manning (Photo: CSA)

The Federal Election is an important opportunity to boldly support the marine industry as a means to sustainable Canadian growth. During this election and post-election period, political leaders are urged to build upon Canadian domestic shipping for the Canadian economy and sustainable economic

Changes in Swire Pacific's Top Deck

Ron Mathison

  Swire Pacific Offshore (SPO) announces a change in leadership with the appointment of a new Managing Director in Singapore. Mr Ron Mathison has taken over the helm as the new Managing Director on Monday, 21st September 2015.  Mr Mathison has also been appointed as Director of John

Wärtsilä Adds Thruster to Inland River Portfolio

The new Wärtsilä WST-14 thruster

Wärtsilä introduces the latest addition to its thruster product portfolio, the Wärtsilä WST-14 steerable thruster, which represents state-of-the-art azimuthing propeller technology. It is aimed primarily at inland waterway cargo vessel applications

rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright