Seasonality Impacts Chemical Tanker Market
The chemical tanker earnings for the third quarter of 2019 was impacted by the usual seasonal slowdown in volumes while rates remained stable, said Odfjell Group.According…
GasLog Provides FSU for Panama Project
GasLog has recently signed a 10-year time charter with Sinolam LNG Terminal, S.A. for the provision of an LNG FSU to a gas-fired power project being developed in…
GasLog Sees Tighter LNG Shipping Market
GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States…
Containership to Convert to Synthetic Fuel
ROTTERDAM – Today in Rotterdam Wessels Marine and MAN Energy Systems announced an innovative project to convert the containership Wes Amelie to run on Synthetic Natural Gas (SNG).While SNG today is far to sparse and expensive to make it a near term commercial reality, this step forward is significant in that a ship outfitted with an MAN propulsion unit to run on LNG would need no modification to have it run on SNG…
Newbuild Contract for 210,000 DWT Bulker
Kawasaki Kisen Kaisha, Ltd. has announced that construction contract for 210,000-dwt Bulk Carrier to be completed in 2021 fiscal year has been made with Japan Marine United Corporation.After delivery from the yard, the vessel will be put into a consecutive voyage as per contract signed with JFE Steel and will be engaged in iron ore and coal transportation.The main features of this vessel will comply…
CPO Tankers Becomes ZEABORN Tankers
Claus-Peter Offen Tankschiffreederei (GmbH & Co.) KG (“CPO Tankers”) has now been renamed ZEABORN Ship Management Tanker GmbH & Cie. KG (“ZEABORN Tankers”). The company is part of Bremen-based ZEABORN Group since June 2019 and has started trading under its new name with effect from November 4,2019.Since August 2018, ZEABORN Group has bundled its ship management activities for dry cargo vessels – container, bulk and multipurpose – under the brand ZEABORN Ship Management.
Japan Marks 50 years of LNG Imports
Japanese gas buyers on Wednesday marked the 50th anniversary since the first cargo of liquefied natural gas (LNG) arrived in Japan, now the world's biggest importer of the fuel.The arrival of the cargo on Nov. 4, 1969 helped transform Japan's energy system, which had relied on oil, coal and gas from coal in an era of high growth, before nuclear power was developed.But Japan's energy situation is undergoing huge changes in the wake of the Fukushima nuclear disaster in 2011…
Italy Police Search Shipbuilding Firms Linked to Fincantieri
Italian finance police searched offices of several companies working for state-controlled shipbuilder Fincantieri, as part of an investigation into suspected corruption, fraud and worker exploitation, the prosecutor's office in Venice said on Wednesday.The prosecutor added in a statement that 34 people were under investigation for alleged "systematic exploitation" of foreign workers - mainly from Bangladesh and Albania - in shipyards in the port city of Marghera, close to Venice, working on orde
ORE Catapult Mulls Humber Expansion
UK's technology innovation and research center Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment…
EGPC Leads Oil, Gas Discoveries in Q3 2019
Egyptian General Petroleum Corporation (EGPC) led globally among companies in the third quarter (Q3) 2019 in terms of the highest number of oil and gas discoveries…
Terntank Orders 2 Hybrid Tankers in China
Swedish shipping company Terntank has placed orders for two hybrid tankers, which run on liquefied biogas (LBG) and liquefied natural gas (LNG), at China’s AVIC…
SGRE Posts 10.9% Growth in Offshore Sector
Spanish-based engineering company Siemens Gamesa Renewable Energy (SGRE) closed the fiscal year ended September 30 with double-digit growth (+10.9%) in offshore unit due to new markets…
Europort 2019 Begins at Rotterdam Ahoy
The launch of Europort 2019 at the Rotterdam Ahoy yesterday (November 05) saw well-known journalist Geert Maarse bring four of the leading owners in Europe’s special ship segments to grips with the key challenges facing the maritime industries today and tomorrow. Now in its 39th edition, Europort continues to hold its own as one of the most significant events in the maritime calendar, with registered visitors this year reaching 27,000.
Ørsted Issues Green Bonds in Taiwan
Ørsted, the largest energy company in Denmark, has secured nominal TWD 12 billion (USD 395m) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan.
Saga Orders 1st Boutique River Cruise Ship
British cruise line Holidays announced plans to launch a newbuild river cruise ship to sail on European rivers in spring 2021.The new ship will be built by Vahali…
HHLA Receives New Container Gantry Cranes
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) has announced that it has taken delivery of three new container gantry cranes…
Polymnia TC Cancelled: Diana Shipping
Diana Shipping announced the cancellation of the time charter contract with Al Ghurair Resources International, Dubai, for one of its Post-Panamax dry bulk vessels…
MOL Adds Southern Treasure to its Fleet
Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced that the new scrubber-equipped wood chip carrier Southern Treasure has been delivered.The delivery ceremony for the 60…
BAM Bags 2nd JV Contract in Canada
JGC-Fluor joint venture has awarded BJM the contract for the construction of the LNG Canada MOF, a material offloading facility to support the realization of a LNG…
LNG Terminals Market to Grow 3% by 2022
The large-scale LNG terminals market size is expected to post a CAGR of close to 3% during the period 2018-2022, according to the latest market research report by…
