Harvey Gulf Wins Work in Nigeria
US based Harvey Gulf announced on Tuesday that it has signed a pair of one-year charters in Nigeria, for the placement of two US-flag 3250DWT DPS-2 platform supply vessels (PSV). Both PSVs are capable of working in shallow water ports with 4.5 meters of transit depth and will depart for Nigeria in late June.The company said it also expects to send two 1,000-square-meter deck vessels to the area in the third quarter.CEO Shane Guidry commented, “We are continuing with our commitment to our shareholders of doing all we can to continue to generate positive EBITDA and cash flow…
Japanese, Australian Firms Join for FLNG Project
Australia's Transborders Energy announce it has entered into a Joint Study Agreement with Japanese utility Kyushu Electric Power Co., Inc. and its affiliate Kyushu Electric Australia Pty Ltd (Kyushu). The Joint Study Parties will work together to develop a Floating LNG (FLNG) Solution and pursue the deployment on a range of stranded offshore gas resource opportunities.Transborders’ FLNG Solution is a pre-determined FLNG and wells tie-back development concept with a package of streamlined commercial and regulatory approval frameworks.Transborders’ Chairman Jack Sato says…
Kadow tapped to head AGCS Marine
Allianz Global Corporate & Specialty SE (AGCS) said that, effective July 1, 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Currently Chief Agent of AGCS Canada, Kadow will take over from current Global Head of Marine and Energy Simon Buxton, who is leaving Allianz. Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both the country and Marine Line of Business responsibilities.Kadow has led AGCS’ Canadian business since May 2015, after originally joining AGCS in 2006.
Prelude FLNG Ships First LNG Cargo
The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG, located 475 kilometers northeast of Broome in Western Australia, will be delivered by the LNG carrier Valencia Knutsen to customers in Asia, more than eight years after financial investment decision (FID) and nearly two years after the facility arrived in Australia."How fast Prelude delivers its second and third cargo…
Maritime Safety Committee Meets
The Maritime Safety Committee (MSC) is meeting for its 101st session, with a busy agenda encompassing maritime autonomous surface ships, polar shipping, goal-based standards and other agenda items.A number of draft amendments will be adopted, including amendments to mandatory Codes covering the carriage of potentially hazardous cargoes: the MSC is set to adopt the draft consolidated edition of the International Maritime Solid Bulk Cargoes Code (IMSBC Code), and a comprehensive…
Maritime Constructions Receives Damen Dredger, Multi Cat
Damen Shipyards Group has delivered a Cutter Suction Dredger (CSD) 500 and a Multi Cat 1506 to Maritime Constructions of Port Adelaide, Australia. The two vessels have been put to use on a port extension project in Onslow, Western Australia.Maritime Constructions has been awarded the contract to carry out capital dredging works for the Onslow Marine Support Base Channel Dredging project, which will see the modification and expansion of the Beadon Creek Harbor Approach Channel, Swing Basin and Berth Pocket.
Shipping of First LNG Cargo from Prelude is "Imminent" - Royal Dutch Shell
Shipping of the first liquefied natural gas (LNG) cargo from the long-awaited Prelude floating production project in Australia is "imminent", Royal Dutch Shell said on Tuesday.Prelude - the world's biggest floating LNG production unit and the biggest maritime vessel ever built - is expected to have an annual LNG production capacity of 3.6 million tonnes.It will also produce 1.3 million tonnes a year of condensate and 400,000 tonnes a year of liquefied petroleum gas (LPG). (Reuters, Reporting by Ekaterina Kravtsova; Editing by Jan Harvey)
Australia to be World's Largest LNG Exporter
Australia is all set to become the world’s largest producer of liquefied natural gas (LNG) next year and to retain that position until 2024, when Qatar will reclaim the top spot, said a report by Rystad Energy'“Australia has no intention of relinquishing its hard-earned LNG crown without a fight. Over the next two years, pending approvals on up to seven Australian integrated LNG projects could challenge Qatar as the country with the largest sanctioned LNG volumes from integrated projects during that period…
HullWiper Opens Panama Base for Americas
Dubai-headquartered hull-cleaning company has announced it is opening its first operations base in the Americas, in partnership with subsea services in Panama, Talleres Industriales, to offer its hull cleaning solution to the vessels transiting the Panama Canal.The agreement forms part of HullWiper’s global leasing programme introduced in 2017, which works with partners around the world to offer ship owners and operators an affordable, brush- and diver-free alternative to traditional…
Total Takes Over Toshiba's U.S. LNG Biz
French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets, the firms said. Toshiba will also pay Total $815 million to take over all the contracts linked to the business, Total added."It includes a 20-year tolling agreement for 2.2 million tonnes per annum (Mtpa) of LNG from Freeport LNG train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal.
Spot LNG Freight Rates Plummets in Q1: Flex LNG
During the first quarter 2019, spot LNG freight rates plummeted from the record levels seen in the previous quarter, said Flex LNG, the company controlled by billionaire John Fredriksen.Asia winter demand came in lower than expected due to an unseasonably mild weather in northern Asia, coupled with Japanese nuclear power plants restarting as well as an oversupplied LNG market due to start-up of new LNG production, said the emerging player in the LNG shipping.Asian LNG prices moved lower…
Sempra's Cameron LNG Terminal Ships First Cargo
Sempra Energy said on Friday the $10 billion Cameron liquefied natural gas export terminal in Louisiana had shipped its first cargo, making the plant the fourth big LNG export terminal to enter service in the United States.Mitsui & Co Ltd, one of the partners in the Cameron project, chartered the tanker, Marvel Crane, to pick up the commissioning cargo.It was not immediately clear where the vessel was headed.Sempra said commissioning cargos were a critical step in the start-up process. The plant is expected to get federal authorization to enter commercial operations in mid-2019.Natural gas use is growing fast around the world as countries seek to wean their industrial and power sectors off dirtier coal.There are three liquefaction trains at Cameron.
Hutchison Ports, CN Rail to Build Terminal in Canada
Canadian Québec Port Authority (QPA) has signed a long-term commercial agreement with Hong Kong's Hutchison Ports and Canadian National Railway (CN) to build and operate a new container terminal, known as project Laurentia.The agreement increases Hutchison Ports' global network to 52 ports spanning 27 countries including the United Kingdom, Spain, Poland, Sweden, Germany, the Netherlands, Belgium, Australia, China, Pakistan, Egypt, Argentina, Mexico and Panama, said a press release.Hutchison…
Two Australians Rescued by Yang Ming Ship
Taiwanese shipping company Yang Ming Marine Transport Corp said that it's containership YM Excellence while sailing from Shekou, China, to Singapore successfully rescued two Australians who were spotted fleeing out of a flaming yacht.After the completion of the rescue operation, the two persons have already returned home in Australia safely.Recalling the experience, Captain Lee Chien-Sheng revealed the crew spotted black smoke billowing out the yacht, and soon it burst into flames.
Damen Delivers CSD500-S to ERA
Dutch shipbuilding conglomerate Damen Group announced that Damen Dredging Equipment has delivered CSD500-S, a fully customised cutter dredger for acidic environment, to Australian customer, Energy Resources of Australia (ERA)."The Cutter Suction Dredger (CSD), which has been named the Brolga I, will work in an acidic environment with a pH of approximately 3 for which a wide array of adaptations have been incorporated," it said in a press release.The dredger has been shipped to Antwerp, where it was loaded on board a transport vessel bound for the north of Australia.
AIE Buys Gas from Port Kembla LNG
Australian Industrial Energy (AIE) said it has reached a preliminary agreement with EnergyAustralia to provide 15PJs of natural gas per annum, from its Port Kembla gas terminal (PKGT).PKGT is one of five proposed LNG import terminals that could help meet a looming gas shortage in southeastern Australia, even as the country is set to become the world’s top LNG exporter.Commencing 1 January 2021, the five-year contract will supply gas for EnergyAustralia’s residential and industrial…
Teaching Teenagers About Oil Spill Issues
Discussions on oil pollution prevention, preparedness and response took centre stage this week (20-24 May) at the latest edition of Spillcon 2019 in Perth, Australia.The forum included sessions on cause and prevention, response management and environmental issues.A raft of high calibre national and international speakers addressed the conference on their particular areas of expertise. However, this year, the audience also invited 12 to 15 years olds to join the event to learn more about issues related to environmental protection, oil and chemical pollution, preparedness and response.
Adani to Develop Container Port in Myanmar
India’s largest private multi-port operator Adani Ports and Special Economic Zone (APSEZ) will set up its first container terminal outside India in Myanmar at an estimated cost of US$ 290 million.Adani Group said that all requisite permissions have been received in the form of Myanmar Investment Commission permit, to build and run a container terminal along the Yangon river for 50-years.APSEZ would be the first Indian company to set up a container terminal outside India, CEO Karan Adani said.Construction for phase one of the project will commence next month and will be completed by June 2021.
Fugro Cancels, McDermott Extends CSV Charter
The provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resource, Fugro has cancelled a charter with Oceanteam for construction support vessel (CSV) Southern Ocean off Australia as the unit has been delayed while working on its current job off India.Meanwhile, McDermott has awarded a charter extension to the Southern Ocean for operations offshore India."As a result of the cyclone hitting the Indian coast early May, expected scope of work undertaken by the CSV Southern Ocean could not be finalized during the charter period…
Sapura Bags Five Contracts
Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).All five contracts have been awarded to the Sapura’s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez."The contract wins demonstrate Sapura Energy’s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services…
VLGC Freight Rates Recover
The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U.S. and the Far East.According to BW LPG, the owner and operator of liquid petroleum gas (LPG) vessels, the recovery in VLGC freight rates was further strengthened by two occasions of fog and a temporary closure of the Houston Ship…
Petropoulos New Baltic Exchange Chair
Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from June 1, 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and remains a significant shareholder at Braemar Shipping Services PLC. He most recently headed up Braemar's Singapore office for seven years, before returning to the UK.He has been a Baltic Exchange Member since 1999 and has held positions…
Trade War Puts LNG Projects at Risk
The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, said Rystad Energy.China announced on Monday that it will raise the duty on imports of US liquefied natural gas (LNG) to 25% from the previous level of 10% in retaliation to the US increasing its tariffs on $200 billion worth of Chinese goods.Rystad Energy forecasts that Chinese LNG demand will reach 95 million tonnes per annum (tpa) in 2025, up from 53 million tpa in 2018.