Petrobras Output in Campos Drops to Lowest Level in 17 Years
Oil production by Brazilian state-led Petroleo Brasileiro SA in the Campos basin fell 1.4 percent in June over the previous month to 1.042 million barrels a day, its lowest level since 2001, as mature fields decline, according to company data.Output has dropped 15.8 percent in 12 months due to the ageing of fields off-shore from Rio de Janeiro and Espirito Santo that account for almost half of the crude pumped by Petrobras.
Jan De Nulās Green Hopper Dredger Launched in China
The 3,500 m³ trailing suction hopper dredger (TSHD) Diogo Cão was launched last Saturday at the Keppel Nantong shipyard in China, a subsidiary of Keppel Offshore & Marine. The green vessel is the second of three 3,500 m³ hoppers to be launched, equipped with an exhaust gas treatment system filtering out and virtually eliminating many pollutants from the exhaust gases. In total, Jan De Nul Group ordered six such ultra-low emission TSHDsā¦
Vietnam Orders Vessels Back to Port ahead of Tropical Storm
Vietnam has ordered vessels back to port and prepared evacuation plans in flood-prone northern provinces as tropical storm "Son Tinh" was expected to make landfall later on Wednesday.Son Tinh, which soaked parts of the Philippines on Tuesday, had reached sustained wind speeds of up to 90 km (56 miles) per hour, the National Centre for Hydro-Meteorological Forecasting said in a statement on Wednesday.Theā¦
For the Global LNG Industry, is the FSRU Honeymoon Over?
A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal.Butā¦
Spanish LNG Cargoes Set for Export from Gas Terminals
The following table lists liquefied natural gas (LNG) cargoes set to be loaded on tankers for onward export.Spain is Europe's most diversified gas importer and has the continent's biggest LNG import capacity spread across its six terminals, sourcing LNG from Qatar, Nigeria, Trinidad, Algeria and other producers.Imported cargoes are stored in tanks located at terminals, where the LNG can either be regasified and pumped into the local grid or loaded on to new tankers for export.PortLoading window
Vitol Invests in Coal-to-oil Venture as Shipping Fuel Rules Loom
Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement.Global oil and shipping companies are looking at any and all options to avoid becoming a casualty of the major market dislocations that the new standards will create when they come into effect in 2020.The U.N.
Stena Bulk Grows Sonangol Suezmax Pool
Over the last six months, Stena Bulk has expanded its fleet in the Sonangol Suezmax pool with the addition of six Suezmax tankers: SKS Skeena, Istanbul, Almi Galaxy, Almi Voyager and Almi Sky. The TC in fleet consists of modern tonnage of varying length and with different options.āIn what has generally speaking been a stable low market, we have recently seen opportunities to utilize our business model in the current market,ā said Erik Hånell, president and CEO, Stena Bulk.
BW LPG Nominates Three Directors to Dorian LPG Board
Dorian LPG confirmed that Oslo-based BW LPG BW LPG has submitted the names of three director candidates to stand for election at Dorian's 2018 Annual General Meeting of Shareholders.
Transocean Signs 11 Well Contract with Chevron Australia
The international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater semisubmersible GSF Developmentā¦
NYK Auto Logistics Pact with Adani Logistics
NYK Auto Logistics India (NALI), an NYK Group company, signed an agreement with Adani Logistics(ALL) to form a joint venture that specializes in the transportationā¦
Dubai Maritime City Authority to Develop UAEās Maritime Sector
The Department of Transport in Abu Dhabi signed a Memorandum of Cooperation (MoC) with the Dubai Maritime City Authority (DMCA) with an aim to promote the developmentā¦
ICS Encouraged by 2020 Global Sulphur Cap Progress
The International Chamber of Shipping (ICS) says it is encouraged by efforts made by IMO Member States to resolve some pressing practical challenges ahead of theā¦
Scorpio Tankers Sells, Leaseback Seven Product Tankers
Scorpio Tankers announced that it has agreed to sell and leaseback six MR product tankers (STI San Antonio, STI Benicia, STI St. Charles, STI Yorkville, STI Mayfairā¦
Ghana Ready For Maritime Crisis
From the sinking of the Titanic to the current piracy phenomenon plaguing the world's oceans, Maritime challenges requires a conserted and collaborative global effortā¦
IMO Animating 70 Years of Shipping
70 years of helping international shipping become safer, more secure and develop a greener environmental footprint ā that's what International Maritime Organization (IMO) is celebrating in 2018ā¦
Lim Joins ST Engineering Board
Singapore Technologies Engineering Ltd (ST Engineering) announced Lim Chin Hu has been appointed as an independent nonexecutive director of the company with effect from July 16, 2018.Lim is currently the Managing Partner of Stream Global Pte Ltd, an incubator for info-com startups. He has over 30 years of experience in the Info-communications industry. His past working experience includes various managementā¦
Cox Powertrain Announces New Engine Assembly Facility
British engineering firm Cox Powertrain has signed a lease to take over a 28,000 square foot production facility in Cecil Pashley Way, near Shoreham (Brighton City) Airport. The building, currently undergoing renovation, will be the assembly plant for Cox Powertrainās CXO300 diesel outboard engine which goes into production in Q2 2019.The U.K. engineer currently employs 70 staff and plans to grow its workforce to meet the demand for its new diesel engineā¦
Single Marine Access Solution for Offshore Ops
At the end of June, Damen Shipyards Group along with Ampelmann and VEEM hosted a Marine Access Event, where over two days delegates from both the offshore renewable and non-renewable industries had the opportunity to sail from IJmuiden in the Netherlands to experience the latest in marine access solutions. The demonstrations took place on board a Damen Fast Crew Supplier 5009 equipped with an Ampelmannā¦
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Great moments in naval architecture & marine engineeringThe 18,000 TEU Maersk Mc-Kinney Moller, lead ship of Maersk's Triple E class, entered service as the worldās largest containership on July 2, 2013. The groundbreaking ship led a string of ultra-large containership deliveries that would continue to escalate in size in the years following. Today, the 21,413 TEU OOCL Hong Kong holds the worldās largest title.The October 2018 edition of Maritime Reporter & Engineering Newsā¦
Philly Shipyard Looks to End Order Drought
Philly Shipyard said it is in the early stages of potentially securing an order to build two Jones Act compliant medium range (MR) product tankers for an undisclosed buyer.The U.S. shipbuilder revealed in its second quarter report that it has executed a nonbinding Term Sheet with a potential customer for the construction of two newbuild 50,000 DWT tankers for targeted deliveries in Q4 2020 and Q1 2021.In order to support the delivery timetableā¦
