Shipping's GHG Emissions Down
The total Green House Gas (GHG) emissions from global maritime transport are estimated to have been over 20% lower in 2012 than in 2007, according to "London Matters – the official Maritime London Newsletter", citing the International Chamber of Shipping (ICS). ICS reports that the global shipping industry, which transports by sea around 90% of all world trade, is thought to have produced only about 2.2% of the world’s total GHG emissions during 2012 compared to 2.8% in 2007.
DMR Examines Container Terminal Congestion Issues
Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world regions though may be at greater risk of persistent congestion in the longer term, considers Drewry Maritime Research in this extract from the latest 'Container Insight Weekly'. The map shown here provides a snapshot of some of the main container ports which have reportedly experienced congestion issues in recent months.
MAN Propulsion Packages for New Icelandic Trawlers
MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship designs from specialist fishing-vessel consultants and designers, Nautic and Skipasýn. Optimised for safety, operational economy and pulling power, the 50-metre-plus vessel series differ in their choice of specified propeller, aft-ship and propeller-nozzle configurations, apart from their principal design differences.
Aker Evaluating Future of US Shipyard, ASC
Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto investment vehicle said in a statement released late on Monday. Converto, the top owner of both Aker Philadelphia Shipyard and American Shipping Company (ASC), seeks to "evaluate and execute potential strategic initiatives to visualize and maximize shareholder value" for the two firms.
Cove Point LNG Export Facility Gets US FERC Approval
U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.S.
Brent Holds Above $97, Eyes Worst Quarter Since 2012
Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop in more than two years on plentiful supplies. * Underpinned by firm U.S. $115.71 in June as investors focused on a well supplied market, although it has regained some footing since touching a 26-month trough last week. Monday's upbeat U.S.
Mitsui Procuring 8 LNG Vessels
President and CEO, Masami Iijima of Mitsui & Co., Ltd. informed that the compnay is currently proceeding with the procurement of eight LNG ships intended to be used for the delivery of LNG mainly to its customers in Japan from the Cameron LNG Export Project in the U.S.A. On September 26, 2014, Mitsui signed time charter parties for five of the above eight ships for a total maximum charter hire amount of approximately 400 billion Japanese yen.
Report on MOL Comfort Incident is out
For all inquiries regarding the report, please fill out an Enquiry Form via the website above. Answers to these inquiries will also be regularly updated as Q&As on the ClassNK website. ClassNK has scheduled an immediate Explanatory Meeting with IACS members to explain the report and to share the findings and outcomes among the IACS members. ClassNK will continue to work towards the safety of the large container ships including improvement of the relevant Rules, Guidance and Guidelines.
Schlumberger Releases 2014 Software Platforms
Schlumberger has released the 2014 versions of its industry leading software platforms. The Petrel* E&P software platform, Techlog* wellbore software platform, Studio* E&P knowledge environment and Ocean* software development framework enhance multidisciplinary integration, collaboration and productivity. “E&P investment decisions are increasingly driven by digital models that enable rich analysis of physical data through the application of workflows reflecting industry best practices…
GasLog Closes First Option Vessels Dropdown
GasLog Ltd. announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea, to GasLog Partners LP for an aggregate price of $328 million (the “Transaction”). The purchase price was paid by a combination of cash and assumed debt. This milestone transaction marks the first dropdown after the Initial Public Offering (“IPO”) in May of assets from GasLog to the Partnership and is a significant step for both companies.
ABB WinsTunisia's Gas Treatment Plant Bid
ABB, the leading power and automation technology group, has been awarded a $216 million contract to deliver a gas treatment plant to the South Tunisian Gas Project (STGP).The order was awarded by OMV Tunisie Production GmbH, a subsidiary of Austrian energy group OMV, and was booked in the third quarter. ABB will be responsible for the turnkey delivery of the Nawara gas treatment plant (GTP) including gas separation and Liquefied Petroleum Gas (LPG) extraction units.
Better Flow Control for Multi-pump Applications
The VACON 100 FLOW is an AC drive designed to improve flow control for multi-pump applications in which several pumps are used in place of a single one. Multiple pump solutions help lighten the load by spreading it across several pumps, thus offering greater energy efficiency and system redundancy – if one pump fails, the others can take up the additional load. For operations in which demand fluctuates throughout the course of the day…
Norvestor to Become PG’s Largest Shareholder
Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS. The transaction is expected to close end of October 2014, subject to customary approval from the Norwegian Competition Authorities. Following the acquisition, Norvestor will become the largest shareholder in PG with about 63 % of the shares…
USCG Cutter Rush Returns
The crew of Coast Guard Cutter Rush returned to its homeport following a successful 72-day deployment in the Central and Western Pacific, Monday. Rush departed in July 2014 and spent the last two months conducting operations in the Central and Western Pacific. During the deployment, Rush’s crew coordinated with multiple countries and partner agencies to conduct fisheries boardings in support of the Coast Guard’s living marine resources mission.
MOL Restructures Asia to S. Africa Service
Mitsui O.S.K. Lines, Ltd. (MOL) announced the restructuring of its existing Asia to South Africa liner services into two direct loops. One service will call South China, while the other loop will directly connect Central China. The newly restructured loops will further strengthen MOL’s service network from Asia to South Africa, while continuing to meet increasingly diverse commercial requirements, the company said.
'Flag Zannis' Delivered
The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.…
All Set for the Long Beach Arts Month
A gala reception Saturday, Oct. 4, will kick off a month-long art exhibition showcasing the Port of Long Beach in images captured by professional and amateur photographers. The show, “Port of Long Beach PHOTOGALLERY,” will be held at the Liberty Gallery and Event Space, 6-10 p.m., at 435 Alamitos Ave., in conjunction with Long Beach Arts Month. The evening reception and exhibit are free and are the…
Steel Cut for Yamal LNG Project’s Lead Tanker
A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project. The prototype vessel will be operated under a long-term time charter between OAO Sovcomflot and JSC Yamal LNG. The steel-cutting ceremony, marking the formal start of a ship’s construction process, took place at the Daewoo Shipbuilding and Marine Engineering Co., Ltd.
N-Sea Completes Inaugural System Diving Scope
Inspection, maintenance and repair (IMR) specialist N-Sea has recently completed its inaugural diving scope with the TUP Diving System (Transfer Under Pressure). The diving scope involved x-mas tree assistance with the deployment of the TUP Diving System for client ONE (Oranje-Nassau Energie) on its project, L6 Diving Services, at the location L6D in the North Sea. For this project, N-Sea stationed the closed bell system on the Jack-Up rig, Paragon C46-1, between July and September.
Power and Endurance Ready for Austrailian Waters
Wamalhanha is the final newbuild in a series of six tugs of the Robert Allan Design, RAstar 3200 where her main duties will be terminal activities, escort duties, ship assist, towage duties. She was named on September 24, 2014 at UZMAR Workboat and Tug Factory for delivery. Rio Tinto owns six vessels in this series, these arePilbara Apollo, Kashima, Matsuzaka, Barrura, Gurrgura and Wamalhanha.These…