Chevron Greenlights Gorgon LNG Expansion
Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday.Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas to the nearby 15.6 million tonne a year LNG plant on…
China to Set up Hainan Free Trade Zone by 2020, Port by 2025
China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters in the province, state news agency Xinhua reported citing a government document. The guidance was jointly issued by the ruling Communist Party and State Council, Xinhua said. It comes after President Xi Jinping announced on Friday that the country would grant foreign firms greater economic freedom in the southernmost province.
Papua New Guinea LNG Project Resumes Exports
A liquefied natural gas (LNG) tanker has left Papua New Guinea laden with the first export cargo of the supercooled fuel since the country's giant LNG project resumed…
Goliat Field Output Resumed After Fire
Oil firm Eni said output from Norway's Goliat field has resumed after being shut since Friday morning following a small fire. The platform has a capacity to produce almost 100,000 barrels per day (bpd) of oil. "Production resumed Sunday morning," a Eni spokeswoman told Reuters. (Reporting by Ole Petter Skonnord Editing by Edmund Blair)
Japan, China Agree Trade War Will Harm Global Economy
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies. Concern is growing about a trade row between China and the United States in which the two nations have threatened each other with tariffs. Japan has been criticised by U.S.
China's Thermal Coal Futures Rally on Tight Import Policy
China's most-active thermal coal futures jumped 2.9 percent on Monday, marking the biggest gain since August 2017, as concerns of tightening the import policy dampened outlook for foreign coal supplies ahead of summer.Coal futures prices ended at 570 yuan per tonne after touching a two-week high of 578.8 yuan per tonne earlier in the session.Futures rallied as traders took cues from a wider ban on coal imports after some ports in Fujian province put a temporary halt on them."Our company received
Authorities team up for S&R Exercise off Perth
A major search and rescue training exercise has taken place off Rottnest Island in Western Australia yesterdayinvolving both state and federal authorities. Search…
SSY Pacific Capesize Index Rises 312 Points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index reports a change of 312 points in the week ending Monday to 3,814. "The SSY Pacific Capesize Index rose by 312 points week-on-week to 3…
First Cove Point LNG Lifting Departs Maryland
The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday…
Flensburg Shipyard, Spirit of Tasmania Sign LOI
TT-Line Company and European shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) have signed a letter of intent (LoI) for the construction of two new ships to replace…
Clean Arctic Hails IMO Action on HFO
The Clean Arctic Alliance has applauded progress by International Maritime Organization member states towards banning use of the world’s dirtiest fuel – heavy fuel oil – from Arctic shipping.
Dutch Deal on Inland Shipping GHG
Declaration of Nijmegen was signed by the inland shipping sector, along with Minister Van Nieuwenhuizen (Infrastructure and Water Management) on Friday (April 13).
CSC Welcomes Commitment to Decarbonise Shipping
The commitment by governments to require international shipping to decarbonise and at least halve its greenhouse gas emissions by 2050 is a welcome and potentially game changing development…
Commissioners Bulc and Arias Cañete Welcome IMO Emissions Target
"The agreement reached today at the IMO is a significant step forward in the global efforts to tackle climate change. The shipping sector must contribute its fair…
LCS 17 Christened USS Indianapolis
The Lockheed Martin-led industry team hosted the christening ceremony for the 17th Littoral Combat Ship (LCS) at the Fincantieri Marinette Marine shipyard on Saturday.
APL Adds Port Calls to CP1 Service
APL, one of the world’s leading ocean carriers, announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port…
DFDS to Acquire Turkey's Largest RoRo Operator
Danish shipping and logistics group DFDS has acquired Turkey’s largest operator of Ro-Ro freight ships and will be a major player in the strong and continuously…
BIMCO applauds IMO for setting emission target
"The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions…
Van Oord LNG Fueled Crane Vessel Named
With a two-day event on the quay of the Biesboschhaven Zuid harbour in Werkendam, Van Oord will launch its first LNG-powered vessel: the Werkendam. Because of Van Oord’s 150th anniversary…
SeaBubbles: ABB Electric Water TaxiTested
A futuristic, zero-emission new design of water taxi, called SeaBubbles, was successfully demonstrated today on Lake Geneva in Switzerland. The vehicle represents…
