Logistics

BW LPG Exercises Purchase Option on Vermilion First

  BW LPG Limited exercises purchase option over Very Large Gas Carrier Vermilion First. The VLGC Vermilion First has been on a time charter with BW LPG since

Faster Rotterdam-St Petersburg link

  The Rotterdam (Netherlands)-based neutral consolidator FPS Famous Pacific Shipping has launched a new, weekly ocean LCL service from Rotterdam to St Petersburg

Lomar Adds Seven Container Ships to its Fleet

 Lomar Corporation, a Libra Group company, has again added to its fleet of container ships with the purchase of three vessels plus an order for up to four new buildings from the Yangzijiang Shipyard,

25,000-TEU Ships Possible, Not Practical

 Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,

'K' Line to Shrink Container Fleet

 Japan's third-biggest shipping company Kawasaki Kisen Kaisha ('K' Line) plans to beef up its LNG and bulker vessels over the next four years, while downsizing its container shipping fleet.

Manila Port Congestion Eased: Palace

 Malacañang has declared that the congestion at the Port of Manila has been resolved, noting the various measures that the government and the private sector have implemented to address the problem.

Indonesia: Port Operation to Go Online in September

 The Indonesian government is expected to start operation of a new online system at the country’s four major ports in September this year.   The operation of the long awaited Inaportnet system,

Crowley Ships Massive Electrical Equipment

Crowley Maritime Corporation’s liner services group recently transported two massive electrical equipment enclosures with a combined weight of 196,000 pounds to San Juan, Puerto Rico.

Port Conference Comes to Hamburg

This year’s IAPH World Ports Conference will be held in Hamburg from June 1-5.   International representatives from business, politics and science will gather

Ukraine: Russia Violating Winter Gas Terms

Ukraine's state energy firm Naftogaz said Russia's Gazprom is violating the terms of an EU-backed winter gas supply agreement, ahead of talks on Monday in Brussels on the issue.

Bets on Oil Rally Highest Since July

ICE Brent net longs up 11,371 contracts to 182,783; highest net length in ICE Brent crude since July 2014. Hedge funds and large speculators increased their

Iraq Gas from Iran Possible in May

Iran could begin natural gas exports to Iraq in May if security conditions improve, Iranian oil ministry website Shana quoted a senior official as saying on Monday.

Maersk Drilling Wins Eni Contract

A.P. Moller-Maersk's Maersk Drilling has won a 3.5-year contract from Italy's Eni for its new-build drillship Maersk Voyager, it said on Monday. "The total estimated

CNOOC Drilling off Myanmar: Report

China's flagship deepsea oil rig Haiyang Shiyou No. 981 is drilling offshore Myanmar in the Andaman Sea, tackling the deepest exploration well it has undertaken so far,

Poland: LNG Gas Terminal Ready in July

Poland's Deputy Prime Minister Janusz Piechocinski said on Monday that the liquefied natural gas (LNG) terminal in the Baltic city of Swinoujscie should be ready in July 2015,

Norway's Knarr Field Delivering Gas to UK

Knarr, a small field offshore Norway, is expected to start delivering gas to the St Fergus terminal in Britain via a new pipeline link tied to the FLAGS pipeline this spring,

Johan Sverdrup Contract to "Pioneering Spirit"

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field.   The vessel will be installing the topsides for the drilling,

As New England Freezes, Natural Gas Stays Cheap

What a difference a year makes. Twelve months ago, tumultuous weather in the U.S. Northeast caused record natural gas price spikes and forced some power plants

Oil Dips to $61 on Dollar, Supplies

Dollar hits 11-year high against major currencies; Iran Foreign Minister: nuclear deal possible this week. Brent crude oil fell almost 2 percent towards $61

1st lifejacket for Working at heights

  The first lifejacket custom-designed specifically for offshore personnel carrying out rope access or work at height has been developed by Survitec Group, the

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