Tcp News

Malaysia’s MISC Group has entered into time charter party (TCP) and shipbuilding contracts for the development of world’s first two ammonia dual-fuel Aframax oil tankers.The TCP contract has been signed with Petronas' PETCO Trading Labuan Company (PTLCL), through MISC Group's petroleum arm AET.Using these vessels, PTLCL will be able to transport its products to customers around the world while contributing to the industry decarbonization by utilizing ammonia as the cleaner alternative…

QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25, 174,000 cubic meter LNG vessels as part of the second ship-owner tender under QatarEnergy’s historic LNG Fleet Expansion Program.The agreements were signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy and Mr. Abdullah Al Sulaiti, the CEO of Nakilat, in a special ceremony held at QatarEnergy’s headquarters in Doha…

QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second shipowner tender under QatarEnergy’s LNG fleet expansion program.Seventeen of the 25 LNG vessels are being built at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being built at Hanwha Ocean, also in South Korea.These agreements firm up last month’s selection of…

QatarEnergy has selected Qatar Gas Transport Company Limited (Nakilat) to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties (TCP).The 25 vessels, each with a capacity of 174,000 cubic meters, will be owned 100% by Nakilat and chartered out to affiliates of QatarEnergy. They are scheduled for construction at South Korean shipyards.This constitutes the first award in the second batch of long-term TCPs under QatarEnergy’s LNG fleet expansion project.

Avenir LNG announced it has entered into a time charter party (TCP) with Shell for the newbuild 20,000-cubic-meter capacity liquefied natural gas (LNG) bunkering supply vessel Avenir Achievement.Avenir LNG, a joint venture between Stolt-Nielsen, Hoegh LNG and Golar LNG, said the time charter is expected to begin in the first quarter of 2023 and will run for a period of three years with an option to extend up to five years.Avenir Achievement is scheduled to be delivered from Chinese builder Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd (CIMC SOE) in the second quarter of 2022.

Malaysia's state oil firm Petroliam Nasional Bhd is expanding its global fleet of liquefied natural gas (LNG) carriers with three newbuild 174,000 cubic meter capacity vessels, the company said on Thursday.The company, best known as Petronas, inked a time charter party (TCP) agreement with shipowner Hyundai LNG Shipping, which has signed shipbuilding contracts with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of the three vessels that are expected to be delivered from the second quarter of 2024 on a staggered basis.

A government agency in Pakistan has issued a new international tender to purchase and import 300,000 tonnes of wheat, European traders said on Thursday.Price offers in the tender from the Trading Corporation of Pakistan (TCP) must be submitted on March 2.Rapid shipment is required, with the shipment period comprising two weeks plus ship voyage time after the opening of a letter of credit on the purchase, the traders said.Pakistan has regularly bought wheat in the global market…

Malaysian national oil company Petronas’ subsidiary Petronas LNG Ltd recently signed a 12-year time charter party (TCP)  with a Japanese shipowner Kawasaki Kisen Kaisha Ltd (“K” Line) for two midsized new build LNG vessels.According to the statement, the TCP includes an extension option for an additional 12 years. The LNG vessels had about 79,960 cubic metres each in capacity.Petronas said this was in line with the signing of the shipbuilding agreements between ‘K’ Line and Hudong-Zhonghua Shipbuilding Co Ltd for the construction of the vessels in Shanghai, China.Petronas executive vice president and CEO of gas and new energy, Adnan Zainal Abidin said the procurement and chartering of these vessels were concluded within four months…

IEC Telecom will launch its Orion Edge+ satellite voice and data communication solution during this week’s Sea Asia (April 9 to 11).Orion Edge+ provides high quality, reliable broadband with the ultimate cost effective operational benefits. It also provides flexible data plans with no long-term commitment. This flexibility makes Orion Edge+ ideal for busy offshore support vessels, tugs, and oil and gas contractors.Powered by Thuraya’s Orion IP broadband and Thuraya’s Seastar circuit switched voice terminal…

DNV GL has launched a new standard that allows operators to choose thermoplastic composite pipes (TCP) instead of steel or traditional flexibles, enabling substantial cost reductions throughout the project lifecycle.After the successful and wide adaptation of the recommended practice (RP) DNVGL-RP-F119 by the industry for qualification of TCP for various applications from dynamic to static applications since its publication in 2015, the RP has now been converted to an official DNV GL standard DNVGL-ST-F119.

Summit LNG Terminal, a subsidiary of Summit Power International, signed a USD 100 Million turnkey contract with marine work contractor consortium comprising of Geocean SAS and MacGregor for design, engineering, procurement, fabrication, installation and testing of the Fixed Infrastructure (FI) for its Floating LNG Storage and Regasification Terminal (FSRT) at Moheskhali, Cox’s Bazar. The project completion date is 16 months from the time of signing. The Fixed Infrastructure will consist, among others, of Disconnectable Turret Mooring (DTM) plug for FSRU vessel system with anchors (suction piles), flexible riser with floatation and tether system, control and hydraulic umbilical, PLEM, Stern Mooring System (SMS) of FSRU vessel offshore pipelines and landfall works.

APM Terminals announced the sale of its 5% share in Terminal de Contêineres de Paranaguá (TCP) to China Merchants Port Holdings. The share sale was initiated and led by Advent, who is the controlling shareholder of TCP. Price and terms were not disclosed and the share sale is subject to the normal reviews and condition precedents. In March 2016, APM Terminals had acquired the 5% share in TCP as part of the Grup Maritim TCB acquisition. In Brazil, APM Terminals maintains a strong port and landside offering to supply chains with ports in Itajai, Pecem and Santos that are integrated with inland services in Itajaí, Itapúa and Paranagua.

China Merchants Group Ltd is in advanced talks to buy Advent International Corp's 50 percent stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest container port, O Estado de S. Paulo newspaper said on Thursday. According to Estado, which cited unnamed sources familiar with the transaction, talks with the Chinese state-run company known as CMG gained momentum after Advent's negotiations with Dubai-based DP World Ltd hit a snag. Reuters reported in August that Advent had hired Morgan Stanley & Co and Grupo BTG Pactual SA to sell the TCP stake. Sources said at the time that Advent wanted to fetch a price for the stake that could set a minimum value of 3.5 billion reais ($1.1 billion) for TCP.

iNavX, the benchmark marine navigation mobile application, announced today, in partnership with Fugawi and Navionics, the availability of Navionics charts in the iNavX In-App Chart Store. This is a first for the industry, and iNavX is the only independent marine navigation app to offer Navionics charts to its users. “When it comes to crucial navigation information, boaters’ decisions about what apps, electronics and charts they use can be as varied and personal as the foul weather gear they wear to keep them dry,” said Shaun Steingold, CEO, NavX Studios. “The most respected name in electronic charting and cartography is Navionics and…

Eaton is expanding its product portfolio for the marine and shipbuilding industry with its SmartWire-DT technology, certified by DNV GL. The power management company’s SmartWire-DT products have received type approval from the largest classification organization in the world for integration in control cabinets with protection rating IP20. The offering also includes the XV-300 and XV-100 families of combined HMI/PLCs management and control units with touch technology, in addition to the XP-500 series industry-standard PCs.

Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest container port, according to two people with direct knowledge of the plans. Earlier this year, Boston-based Advent had announced plans to sell the 50 percent stake it has in TCP, which can handle about 1.5 million tonnes of cargo containers annually. BTG Pactual joined Morgan Stanley as advisor to Advent at the start of July, the people said. The sources, who spoke with Reuters in recent days, asked for anonymity because the plan remained confidential.

iNavX, the benchmark marine navigation mobile application, in partnership with Fugawi X-Traverse, today launched its chart and map in-app purchase program. Now enabled with one-touch purchase and download, iNavX gives boaters the most streamlined access to the broadest set of marine charts and maps from multiple providers. iNavX users will gain intuitive download capabilities for all of their favorite chartsand navigation data such as Navionics’ worldwide chart catalog, Canadian Hydrographic Service (CHS) charts; Fugawi Aboard quilted Canadian and US charts; NV Charts for Europe, the US and the Caribbean; Theyr weather; Waterway Guide…

Transnet Capital Projects (TCP) – which is overseeing Transnet National Ports Authority’s project to reconstruct the quay walls and deepen berths at Maydon Wharf – recently achieved a safety milestone of 1,000,000 man hours without a lost time injury (LTI) on the reconstruction and deepening of Maydon Wharf Berth 1- 4, 13 & 14 Project. Shane Perumal, Project Manager, said, “There has been a huge safety commitment from the project managers, the main contractor Stefanutti Stocks AXSYS Joint Venture…

SignalFire Wireless Telemetry now offers a Modbus DIN Mount Gateway that combines a high power SignalFire radio with gateway electronics in a compact DIN mounted module with external SMA antenna connections for installation flexibility in remote monitoring applications. SignalFire’s Remote Sensing Systems consist of a gateway and nodes that connect to remote assets and extract data from or send control data to those devices through other nodes and/or the gateway. The SignalFire Gateway serves as a two-way interface, connecting asset managers to a remote mesh network of assets using industry-standard Modbus protocol. All sensor data is stored in Modbus format.

The SignalFire Remote Sensing System™, an innovative long-range mesh networking technology specifically designed for challenging, large-scale environments, provides cost effective remote monitoring of well pad tubing and casing pressures in upstream oil and gas fields. The SignalFire Remote Sensing System (SFRSS) consists of a gateway and remote nodes that interfaces with a wide variety of sensors, transmitters, and actuators using industry standard interfaces. As a truly wireless system, the SFRSS is significantly less expensive that an equivalent wired system – particularly if trenching is required. Tubing and casing pressures as well as heater-treater temperatures…

Helm Marine Software’s product team leads burdened brown water workboat operators out of the wilderness – and confidently into compliance. Four to six forms a day and that’s before Subchapter M rules take effect. That is how many forms Helm Marine Software’s product team figures a typical inland vessel must deal with, every day. Their research shows that OSV companies have around 100 different forms to complete and Dry Bulk companies have around 70. Skip the forms, and under Subchapter M, vessels without Certificates of Inspection (COIs) won’t be fined. They will also be tied up at the dock.

The oil and gas industry invests billions annually in offshore pipelines and risers. DNV GL has launched a recommended practice (RP) that allows operators to choose thermoplastic composite pipes instead of steel or traditional flexibles, enabling substantial cost reductions throughout the project lifecycle. “Thermoplastic composite pipes are a new, robust lightweight pipe alternative that will impact field layout, and installation methods and ultimately reduce the cost level,” says Per Anker Hassel, project manager with DNV GL – Oil & Gas. DNVGL-RP-F119 Thermoplastic composite pipes (TCP) was developed through a DNV GL-led joint industry project involving 18 companies covering the whole supply chain; from polymer producers, via TCP manufacturers, to oil companies as the end users.

Industry leading online chart service Fugawi X-Traverse, announced today that in coordination with GPSNavXTM and its app, iNavX, the availability of quilted raster charts for the navigation app’s most recent version. One of the most established marine navigation apps on the Apple iOS platform, iNavX brings the latest marine navigation features to iPhone and iPad users. In an exciting revision of the top-selling app, iNavX adds greater functionality to its already robust feature set. Offering users the ability to plot position in real-time on multi-touch marine charts with scroll, zoom and rotate, the app can also act as a repeater for popular marine navigation software that supports NMEA data over TCP/IP. They weather forecasts; and even an  anchor alarm.