LNG Rates Hit Record in 4Q: Flex LNG
During the fourth quarter ended December 31, 2018, spot LNG rates reached record levels as market players were positioning themselves ahead of the winter season, said Flex LNG.According to the UK-based provider of LNG Shipping with a focus on LNG Carriers and FSRUs (Floating Storage Regasification Units), due to a combination of higher temperatures meaning fewer heating days, liquidation of approximately…
LNG Only Fills Niches in Europe
Although LNG (Liquid Natural Gas) provides a solid supplement to European gas supplies, the EU is and will remain a pipeline market – for good reasons, said Wintershall's new position paper.The report from Germany's largest crude oil and natural gas producer on the importance of liquid gas for Europe said that the liquefaction is highly energy-intensive – the energy consumption corresponds to about 13% of the gas transported.With an energy loss of less than five percent…
Gasum's Coralius Made 100th LNG Bunkering
Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its 100th bunkering on February21. Coralius is operating on behalf of Gasum (former Skangas) and the vessel mainly operates in the North Sea and the Skagerrak area.The LNG bunker vessel Coralius celebrated a milestone at the end of February, as she completed her 100th bunkering operation in just 18 months. Coralius delivers LNG through ship-to-ship bunkering at sea and in port.
ABS Updates Naval Ships Guide
ABS has updated its Guide for Building and Classing International Naval Ships (INS Guide), expanding its guidance to strengthen safety and protection against a range of threats.“ABS is a world leader in naval classification and our 2019 INS Guide takes this to the next level,” said ABS Senior Vice President for Global Government, James Watson. “Naval vessels face an increasingly sophisticated range of threats and the ABS guidance is evolving to keep pace with the challenges they face…
New Container Port Opens in Costa Rica
The inauguration of APM Terminals Moín, Costa Rica yesterday will enable products to be shipped on transatlantic routes to European and Asian markets without transshipment.The new terminal will also move Costa Rica to number one for connectivity, out of 139 countries ranked by the World Economic Forum, said a press release from the international container terminal operating company headquartered in The Hague…
Global LNG Demand to Rise by 35mt in 2019
Global liquefied natural gas (LNG) supply is set to rise by 35 million tons (mt) in 2019, Trend reports with reference to forecasts of Royal Dutch Shell. Acording to Shell’s latest annual LNG Outlook, Europe and Asia are expected to absorb all this additional supply.Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tons to 319 million tons…
Frontline Predicts Tanker Market Volatility
The tanker market improved significantly in the fourth quarter ended December 31, 2018 driven by continued strong oil demand, said Bermuda-based tanker shipping company Frontline Ltd.According to the world's largest oil tanker shipping company, crude inventory draws reversed in the quarter, after having fallen below five-year levels and reduced the demand for crude tankers in the process.There is a historical correlation between inventory cycles and tanker rates, it said.
Turkey Launches Largest Naval Exercise
Turkey's military launched the largest naval exercise in its history on Thursday, February 28, carrying out drills with frigates, corvettes and submarines in the Black Sea, Aegean and eastern Mediterranean.The nine-day exercise is aimed at testing the readiness of command bases and operation centers throughout Turkey's territorial waters, the defense ministry said.On board the frigate TCG Barbaros, gunners fired live ammunition at mock targets floating on the waves.
U.S. Army Corps Selects 10 Beneficial Use Pilot Projects
At the end of December, the U.S. Army Corps of Engineers (ACE) announced its selection of ten dredging projects that will form the core of a pilot program to advance the beneficial use of dredged material.The recent U.S. Army Corps of Engineers’ announcement culminated a program required by Congress, established within the Water Resources Development Act (WRDA) of 2016, specifically Section 1122. Congress directed that the ten pilot projects selected were required to present environmental…
Lessons Learned: the Bow Mariner Sinking
The 570-foot Singapore-flagged chemical & oil tanker Bow Mariner sank 15 years ago when the ship caught fire and sustained two explosions, resulting in the deaths of 21 out of 27 crew members, 45-miles off the coast of Virginia, Feb. 28, 2004.The vessel was transporting over three million gallons of ethyl alcohol on a voyage from New York to Texas. It had previously carried methyl tert-butyl ether…
Cruise: Lindblad Orders Another Polar Ship
Lindblad Expeditions Holdings signed an agreement with Norway's Ulstein to build a new polar vessel, expanding the line’s National Geographic polar fleet to four ships. The ship is the next phase of Lindblad’s fleet expansion following the launches of new builds National Geographic Quest in July 2017, National Geographic Venture in December 2018 and the scheduled delivery of National Geographic Endurance in Q1 2020.The new ship is scheduled for delivery in Q3 2021.
GEs SeaStream for PKNU's Training Vessel
Pukyong National University (PKNU) has chosen GE’s Power Conversion business to provide the SeaStream Dynamic Positioning (DP) system for their training vessel for fisheries industry training.GE’s SeaStream DP will enable the ship to perform operations – for example controlling horizontal movement or holding position against harsh wind and in choppy waters – with stability, safety and precision for…
MobileOps Upgrades Ops Platform
MobileOps announced a major upgrade to its operations platform: Form Builder. With Form Builder, customers can easily create unique form based processes all within MobileOps. Form Builder boosts efficiency, team communication, and employee collaboration.With Form Builder a user-friendly drag-and-drop interface enables any manager to dive in and start building forms right away. From simple text and date inputs to vessel-pickers and document attachments—customers can do it all.
Russia Ships Record High LNG Volumes to Europe
Russia delivered a record amount of liquefied natural gas (LNG) to Europe in February, becoming the biggest supplier of the chilled fuel to the continent for the first time.A total of 19 cargoes, or 1.41 million tonnes, of LNG from the Yamal LNG plant in Russia's Arctic reached regasification terminals in Europe in February, with the majority of those going to northwest Europe, Refinitiv Eikon data…
Fincantieri Open to Shipyard Acquisitions
Italian shipbuilder Fincantieri is open to new acquisitions in the sector as authorities review its purchase of French rival STX, CEO Giuseppe Bono said on Thursday.When asked about possible M&A activity in the future other than STX, Bono said: "Why not?".Italy's Deputy Minister Matteo Salvini, who was attending the same event in Monfalcone, said the idea of possibly replacing Bono was off the table.(Reuters, Reporting by Riccardo Bastianello; writing by Francesca Landini, editing by Steve Scher
R/V Bob and Betty Beyster: New CAT For Scripps
The Research Vessel Bob and Betty Beyster is a purpose-built coastal research vessel designed for efficient operations offshore Southern California and throughout the Channel Islands. Based at the Scripps Nimitz Marine Facility and operated as a shared-use facility, Bob and Betty Beyster provides scientists, students and engineers a capable, safe and economical platform for research and teaching.R/V Bob and Betty Beyster is a 42-foot scientific workboat with a range of 500 nautical miles…
Wärtsilä inks Maintenance Deal With MSCL
Wärtsilä signed an 5-year optimized maintenance agreement with Marine Service Company Ltd (MSCL), a Saudi Arabian tug operator, significant as it is the first ever such agreement that Wärtsilä has signed with a marine operator in Saudi Arabia. MSCL operates four terminal escort tugs operating in the port of Rabigh, and the comprehensive maintenance planning is designed to streamline the vessels’ operations.
New Book on Ship Stability
To say this book is a collection of research would be an understatement. “Contemporary Ideas on Ship Stability: Risk of Capsizing” is more like a preservation of knowledge covering the last nine years.Dr. Vadim Belenky, a naval architect in the Simulations and Analysis Branch at Naval Surface Warfare Center, Carderock Division, was the editor in chief for the book, the chapters of which are papers from engineers, naval architects and professors from around the world.
Ulstein Bags SunStone Ship Order
Norwegian ship designer Ulstein has received a contract to design the fourth expedition cruise vessel for Miami-based SunStone Ships, in their Infinity series.The vessel, which will be constructed at the China Merchants Heavy Industries (CMHI) yard in China, is a CX103 design featuring the X-BOW and designed by Ulstein Design & Solutions.The SunStone ship design contracts were the first cruise contracts for Ulstein, a ship design company with long experience from the offshore industry.
PG's Pump for Sølvtrans' Boat
Norwegian shipyard Aas Mekaniske Verksted has awarded compatriot pump supplier PG Flow Solutions a deal to deliver pump systems to another new vessel the yard is building for wellboat company Sølvtrans.Pump and liquid handling specialist PG Flow Solutions will deliver eight of the company’s large seawater circulation pumps that ensure continuous seawater circulation in the boat’s well.Additionally…