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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

Logo

  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


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


Marine Polluter Gets Fined

A Newfoundland and Labrador provincial court judge has ordered the Motor Vessel (MV) Project Europa to pay a $70,000 penalty for violations of the Canada Shipping Act associated with the unlawful discharge of an oily substance into Canadian waters. On August 23, 2003, a Government of Canada marine pollution surveillance flight detected a slick in the wake of MV Project Europa, a cargo ship registered in the Netherlands and owned by Biglift Goedkoop B.V.of Amsterdam


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


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


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


HHI Delivers 14,000 TEU Box Ship to Seaspan

Seaspan Corporation accepted delivery of a 14,000 TEU containership, the YM Witness. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's fourth 14,000 TEU SAVER design containership and fifth delivery in 2015.


Conference to Delve into Hybrid Power & Propulsion

HYBRID MARINE LOGO.jpg

The first international Hybrid Marine Power & Propulsion Conference will be held at the RNLI Lifeboat College, Poole UK from October 6-8, 2015.   Shock Mitigation will bring together an international group of experts, armed with the latest knowledge that will identify the potential


SeaZip Offshore Service Commences Operation

SEAZIP OFFSHORE SERVICE GETS OFF TO A SUCCESSFUL START IN THE OFFSHORE OIL AND GAS INDUSTRY

  Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting, installing and dismantling offshore oil and gas installations, has contracted service vessel SeaZip 4 for its annual


Huge Yacht Carrier Headed for South Pacific

DYT Yacht Transport’s largest semi-submersible ship, Yacht Express, will make its first trip to Sydney, Australia. (Photo credit: Onne van der Wal)

New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier, the 686-foot (209-metre) Yacht Express, to deliver yachts to the South Pacific


MOL Launches Car Carrier Brand MOL ACE

Emerald Ace (Photo: MOL)

Tapping into one of its major business fields, Mitsui O.S.K. Lines, Ltd. (MOL) has established MOL Auto Carrier Express (MOL ACE) as global brand in the car carrier service. MOL will start to use MOL ACE beginning July 1.   MOL’s carrier service network includes offices and


China Fines 21 Liner Companies in Sino-Japan Routes

Photo: Orient Overseas Container Line Limited

 China’s Ministry of Transport has fined 21 shipping companies operating on Sino-Japan routes have been fined for violating international regulations on fair competition.   The accumulated amount of the fines totals in USD 684,000 (RMB 4.25 million), the ministry said.  


Green Bay Recovers Mariners in Makassar Strait

The amphibious transport dock ship USS Green Bay (LPD 20) arrives on station for a photo exercise during the Korean Marine Exchange Program

  Amphibious transport dock ship USS Green Bay (LPD 20) rendered assistance to distressed mariners in the waters between the Indonesian islands of Kalimantan and Sulawesi June 19. Shipboard lookouts first spotted the distressed mariners waving a black flag approximately 3 to 5 nautical


7th Annual UK Ports Conference to Take Off Tomorrow

Maria Pittordis

  Tomorrow 23rd June international law firm Hill Dickinson LLP will be holding  its UK Ports Conference focusing on ‘The Future of UK Ports: changing regulation, shipping trend updates and new opportunities in the supply chain’.  


setec, Royal HaskoningDHV to Manage Canal Seine-Nord Europe

  Engineering and consulting firms setec and Royal HaskoningDHV have been selected by VNF – the French navigable waterways authority – to jointly provide programme management assistance over 12 years for a canal link extending from France to Belgium.  


New European Inland Waterway Project Underway

Photo courtesy of VNF

Engineering and consulting firms setec and Royal HaskoningDHV have been selected by VNF – the French navigable waterways authority – to jointly provide program management assistance over 12 years for a canal link extending from France to Belgium.  


UK Seeks Maritime Dominance of Yore

S tidal turbine being transported to EMEC test site Image Rolls Royce WEB.jpg

“Britannia rules the waves” paid a glowing tribute to the maritime past of the United Kingdom.  Over the past three centuries as the sun began to set on the British power, resilient U.K. with its pioneering characteristics began its voyage of transformation to become a world-class


Maritime Ireland Comes of Age

Flumill helical corkscrew tidal device Image Mike Brookes Roper 2 WEB.jpg

Even though the struggle for independence from Britain finally resulted in Ireland being declared “a sovereign, independent, democratic state” in 1937 there was little interest being shown in the maritime affairs of the country. This


ContainerTug B.V. Releases Two New Models

Containerbarge (Photo: ContainerTug B.V.)

Young Dutch ship design, engineering and construction company ContainerTug B.V. follows on the introduction of the ContainerTug 600S early last year with the release of two new containerized workboat models, the Containerbarge 1200D and the ContainerBarge 1200P.  


Missing Divers Found in Gulf of Mexico

A Coast Guard Air Station Corpus Christi MH-65 Dolphin helicopter aircrew stands with two rescued divers after they were located and rescued Saturday, June 27. (U.S. Coast Guard photo)

U.S. Coast Guard crews locate two missing divers in Gulf of Mexico   Two overdue divers offshore from San Jose Island, Texas, were rescued by a U.S. Coast Guard (USCG) helicopter crew Saturday afternoon.   The two San Antonio men, Dennis Garrett and Robert Holms


Scorpio Bulkers Charters Out Newbuild Bulker

Dry bulk marine transport provider Scorpio Bulkers Inc. announced today that it has agreed to time charter-out the SBI Montesino, a Capesize vessel that is currently under construction in South Korea with delivery expected in July, 2015. Upon delivery from the shipyard






 
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