Strongest Year News

Developments in the oil tanker market in the past decade dominated by geopolitics, says shipping association BIMCO.Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets. The first major disturbance since the fall in the oil price between the fourth quarter of 2104 and first quarter of 2016 came in the fourth quarter of 2019, after which freight rates have bounced back despite a collapse in demand.In these extraordinary times…

Siemens Gamesa Renewable Energy (SGRE) has signed three contracts to supply turbine orders worth 359MW to undisclosed customers in Chile.With the new orders, SGRE reached 640MW of turbine orders in Chile for its 2019 financial year, the best yet for the company in the country.The contracts bolster SGRE’s leadership position in the Chilean market, and the wind power generated by these turbines will provide enough clean, reliable and affordable electricity to cover the demand of over 900,000 people. This in turn will significantly contribute to Chile’s ambitious decarbonization program, including the closure of 28 coal-fired plants.The latest three contracts cover the installation and commission of 82 SG 4.5-145 turbines with flexible power rating…

Liquefied natural gas (LNG) is expected to have increased by 9%, from 288 million tonnes per annum (mtpa) in 2017 to 313 mtpa in 2018, said GasLog.The Monaco-based owner, operator and manager of LNG carriers said in a stock exchange announcement that China’s LNG imports increased by approximately 16 mtpa, or 41%, to 54 mtpa in 2018, driven mainly by continued coal-to-gas switching in the industrial, commercial and residential sectors.South Korea, Pakistan, Thailand and Mexico also experienced strong growth in LNG imports during 2018. The outlook remains robust, with Wood Mackenzie forecasting compound annual growth in global LNG demand of 6% between 2018 and 2025.This growth is expected to be broad-based…

Cammell Laird says it has developed one of the most advanced ‘bespoke environmental’ packages for ferries in the shipyard industry, following its strongest year of trading in the sector. Cammell Laird technical manager Paul Ashcroft  said ‘a massive challenge and focus’ for the sector moving forward is to find cost effective solutions to the new environmental standards ferry companies have to meet. “There has never been greater pressure on ferry companies to become greener than now,” he said. “As a result we have developed a highly advanced and specialised new environmental package addressing some of the hardest challenges. Mr Ashcroft said Cammell Laird’s green package has been developed to be bespoke and address the challenges faced by each individual ferry.

Birkenhead shipyard and engineering services company Cammell Laird said it has developed an advanced shipyard environmental package for ferries, following its strongest year of trading in the sector. Cammell Laird said it has docked 24 ferries between 2013 and the beginning of 2014 and, in addition, has carried out a further 24 afloat repairs for ferry operators. During 2013 Cammell Laird repaired, built and converted almost 250,000 gross tons of ferry and Ro-Ro ships for a wide range of owners. Already in 2014 it has docked and repaired ferries of 150,000 gross tons.

The Oman Drydock Company (ODC), one of the Middle East’s newest and biggest shipyards, is announcing its strongest year of trading. The shipyard undertook 75 drydockings and repairs in 2013 taking the total number to 190 since the yard which was opened in Duqm in Central Oman in 2011. ODC also saw staff numbers increase to more than 2,000 in 2013. The vessels ODC has worked on include Very Large Crude Carriers (VLCCs), crude oil tankers, container ships, LNG and LPG carriers, chemical carriers, bulk carriers, as well as dredgers, RO-ROs and barges.