Ships Must Prepare for Sulphur Rules
The shipping industry is fully committed to total compliance with the 0.1% sulphur in fuel requirements, in Emission Control Areas, from January 2015. And there is no reason to suggest that there will not be full compliance, says the industry’s global trade association, the International Chamber of Shipping (ICS). “But there is nevertheless concern amongst those owners who know that they themselves…
U.S.-Asia Crude Exports Stall on Cheap Mideast Oil
Asian refiners shift towards cheaper Mideast oil, naphtha-trade; U.S. light oil exports to Asia only started 4 months ago. U.S. exports now going to Europe instead.
One dead, Dozens Missing as S.Korean Vessel Sinks
One person was killed and the fate of more than 50 others was unknown after a South Korean fishing vessel sank in the Bering Sea off the coast of Russia's far eastern…
Early Termination for Viking’s AHTS Vessels
As previously communicated, Viking Supply Ships has entered into an agreement with a major oil company for the charter of three vessels. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drilling season is expected to commence around April / May each year. As a result of the 2015 drilling season has been cancelled, Viking Supply Ships has received an early termination for Brage Viking…
Caterpillar Completes 1st Dual Fuel Engine Retrofit
Caterpillar Marine successfully completed the commercial marine industry’s first dual fuel engine retrofit conversion in hull. Performed in under six weeks, Caterpillar Marine along with Cat dealer Bolier, completed an in hull retrofit onboard the Coral Anthelia, an Anthony Veder LNG carrier vessel. The MaK™ M 43 C diesel engine was retrofitted to the 6 cylinder M 46 dual fuel platform, with each cylinder offering 900 kW of rated power.
DSCV SBM Installer Sold to OS Installer
SBM Offshore has entered into an agreement to sell the DSCV SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash. OS Installer AS is a newly established joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%). Both parties have signed a memorandum of agreement, and SBM Offshore will charter the vessel under a long-term bareboat charter for a fixed period of 12 years.
SK E&C Awarded 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.
CMA CGM Agent in Munich Relocated
Otl-Aicher-Str. Phone and fax numbers remain unchanged.
Containers Must be Weighed Before Shipping
United Nations’ International Maritime Organization (IMO) has decided to make it mandatory to weigh loaded containers before they are transported by sea. This will enhance safety and prevent pollution of the marine environment. In the future, loaded containers must not be taken on board a ship until their weight has been determined. This was decided by the IMO Maritime Safety Committee (MSC) at last week’s meeting.
NORECO's Revenue Dips in 3Q 2014
Norwegian Energy Company’s (Noreco) production in the third quarter of 2014 was basically unchanged from the previous quarter, significant impairments took down Noreco net results after tax to minus NOK 1 101 million. Revenues in the third quarter 2014 were NOK 296 million, down from NOK 318 million in the previous quarter. Exploration and evaluation expenses amounted to NOK 629 million, primarily due to a write-off of the Huntington Fulmar (Maxwell) discovery in the UK…
Keppel Infrastructure Sheds Facilities Arm
Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has signed an agreement for the sale of its entire stake in Keppel FMO (KFMO) to…
Stena Donates Tanker Model to Paris Museum
Stena donates tanker model to the Musée National de la Marine in Paris, highlighting safe maritime practices and clean oceans. A ceremony was held Friday evening at the prestigious national maritime museum, Musée National de la Marine in Paris, marking Stena’s donation of a model of the Stena Paris P-MAX tanker. The P-MAX tanker concept was developed in the early 2000s in collaboration with the French energy company Total.