ExxonMobil Sees PNG LNG Producing at 16 pct Above Nameplate
ExxonMobil expects to deliver 7.9 million tonnes of liquefied natural gas from Papua New Guinea this year, around 14 percent above nameplate capacity of its PNG LNG plant, says a report in Reuter's quoting the company's PNG head. The PNG LNG plant, operated by its biggest owner ExxonMobil, can produce at more than 8 million tonnes a year or 16 percent above original design specifications, ExxonMobil's PNG managing director Andrew Barry said at a conference in Sydney.
HII Acquires Camber Corp
Huntington Ingalls Industries (NYSE:HII) announced today that it has completed its previously announced acquisition of Camber Corporation and formed a new operating division, HII Technical Solutions. The new division will be led by Andy Green, who will serve as an executive vice president of HII and president of HII Technical Solutions, reporting directly to HII President and CEO Mike Petters. “The…
ZIM in the Red
Despite continued distressed market conditions ZIM announced today improved results for Q3 2016 on most parameters compared to Q2 2016. Despite continued distressed market conditions ZIM published today improved results for Q3 2016, posting a loss of USD 37.6M, compared to a loss of USD 74.2M in Q2 2016. The company’s EBIT margins are in the industry’s top 5. • ZIM recorded an improvement in most of the parameters compared to Q2 2016 results.
Keels Laid for Young Brothers Tugs at Conrad Shipyard
Conrad Shipyard held the Keel Laying Ceremony for the four Damen Stan 3711 Kāpena Class tugs now under construction for Young Brothers, Limited of Hawaii. On hand for the ceremony was Glenn Hong, President of Young Brothers, Ltd; Jonathan Parrott, President of Foss Marine, Young Brothers’ sister company; and, Tim Engle and Mark Tabbutt with Saltchuk, the parent company of both. Also attending and delivering remarks was Kommer Damen…
Evac Acquires Uson Marine
Evac Group, the world’s leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries, has acquired Uson Marine. The acquisition is expected to increase Evac’s market share in dry and wet waste management systems, as well as strengthen the Group’s position with regard to small and medium-sized marine and offshore vessels. Thanks to the acquisition…
Industry to Prevent Shipping of Counterfeit Goods
Brand owners and representatives from the international shipping industry have joined forces in signing an historic declaration of intent aimed at preventing the…
Coast Guard Repatriate 38 Cuban Migrants
The Coast Guard Cutter Charles David Jr. repatriated 38 Cuban migrants Thursday to Bahia de Cabañas, Cuba. These repatriations are a result of three separate at-sea migrant interdictions in the South Florida Straits. In each instance, the Coast Guard helped secure the U.S. border and prevented these sea voyages from ending in tragedy. “We discourage anyone from taking to the sea and attempting to reach U.S.
First LNG-powered Hopper Dredger Launched
The launch ceremony of DEME’s 3,500m3 LNG-powered trailing suction hopper dredger (TSHD) MINERVA took place on 3 December at Royal IHC's shipyard in Kinderdijk, The Netherlands. The official name giving and christening ceremony will take place in the spring of 2017 in Zeebrugge, Belgium. "The launch of this vessel is an important milestone for the dredging industry,” says IHC's Executive Director Shipbuilding, Arjan Klijnsoon.