Energy Logistics News

French engineering company GTT has signed two new technical services agreements with China-based energy supplier JOVO for its LNG carriers.The contracts cover GTT's assistance and operational support for LNG carriers operated by JOVO.GTT will provide its field expertise for inspections, maintenance, repairs and engineering consultancy.JOVO will also benefit from access to GTT's HEARS emergency hotline, available 24/7, to provide rapid technical assistance to crews.These new partnerships follow a first services contract…

Shipping and energy logistics company Crowley said Tuesday it is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services.Crowley’s advanced energy group will operate the service to manage the ship-to-ship LNG transfer services. With a potential start date in 2024, Crowley is preparing to provide bunkering and related…

Oman’s Asyad Shipping has signed an agreement with Korean shipyard Hyundai Samho Heavy Industries to build and deliver two fifth-generation liquefied natural gas (LNG) carriers in 2026.Asyad Shipping and Asyad Drydock CEO, Ibrahim Al-Nadhairi,  said, “The fifth-generation 174,000 cbm LNG carriers meet the highest international standards of environmental and commercial sustainability, as well as boasting 58% less fuel consumption than the older, second-generation 138,000 cbm LNG carriers.

Ocean Infinity's Armada 7801 has reached Norway after a long journey from Vietnam, where its hull was built last year at the Vard Vung Tau shipyard."Our first new ship has arrived in Norway, having set sail on its maiden voyage from Vietnam in November. Installation of the payload equipment and remote systems will now commence ahead of the ship entering service on offshore data acquisition tasks in the coming months," Ocean Infinity, a seabed survey and ocean research company based in the United States…

Ocean Infinity, a seabed survey and ocean research company based in the United States, said Tuesday that two of its new vessels, part of the Armada USV fleet, had set sail from Vietnam."We're officially the proud owner of not just one but two brand new ships. Armada 7801 and 7802 have set sail from Vietnam and are headed to Norway. The delivery of these first two ships marks an important milestone on our journey towards tech-enabled lean-crewed operations for a safer and greener maritime future…

Energy logistics provider Peterson has won a logistics contract with OceanXpress, a recently formed joint venture between Dutch companies Damen and Ampelmann.Damen Shipyards and offshore gangway specialist Ampelmann launched the joint venture last month to provide offshore crew change solutions in the North Sea area.Now, Peterson will deliver ship agency services for OceanXpress' Aqua Helix vessel, which will use the Port of Den Helder as its main port of operation.Mark Hol, Business Unit Manager at Peterson, said: “We’re delighted to  welcome the Aqua Helix to the Port of Den Helder and be no

Hong Kong-based Asia Energy Logistics has said it has agreed to sell its bulk carrier MV Asia Energy.In a brief statement on Thursday, Asia Energy Logistics said that on November 5, 2020, after trading hours, its subsidiary Asia Energy entered into a MOA with an unnamed buyer to sell the M/V Asia Energy bulk carrier.The buyer will pay a cash consideration of US$3,300,000 (equivalent to approximately HK$25,740,000) for the 2001-built vessel.Asia Energy Logistics bought the 169 meters long handysize bulk carrier in 2013.According to the vessel's heatmap found on VesselsValue, the bulk carrier has in the past year operated mainly in Southeast Asia.

Malaysian shipowner AET said it signed a deal with Total's Chartering and Shipping Services SA for the time charter of two liquefied natural gas (LNG) dual-fuel very large crude carriers (VLCC). The two newbuilds, which are able to carry about 300,000 tons of crude oil each, are scheduled to be delivered to AET from the first quarter of 2022.The two newbuilds will be powered by LNG and will be among the most environmentally friendly VLCCs in the market. When in service, they will emit around 20% less CO2 greenhouse gases than conventional vessels; 85% less NOx and 99% less SOx.

Two yard workers have died and five others were severely injured yesterday (May 15) in a major explosion on board beached vessel at a shipbreaking yard in Chittagong, Bangladesh, said the NGO Shipbreaking Platform.At around 8:30 AM, a fire broke out on board the vessel BUNGA KELANA 4, beached at Mahinur Ship Breaking yard, also known as Premium Trade Corporation. The flames spread from abandoned waste oil located close to the engine room where workers were torch-cutting steel parts. Mohammod Rubel, 25 years old cutter man, lost his life in the accident. He died on his way to the hospital. Hamidul Islam’s dead body was found on the ship several hours after the explosion.

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico. The company’s fleet grew to 32 vessels (mainly Aframax tankers but also two VLCCs) by 2003, when acquired by MISC Berhad.

Brazil has shelved a planned railway to ship commodities destined for China through Peru as it was too costly and faced "absurd" engineering challenges, a Brazilian official said. The 5,000-km (3,300-mile) railway over the Andes to the Pacific coast, announced during a visit by President Xi Jinping in 2014, was meant to speed up soybean and iron ore exports to China at a lower cost by bypassing the Panama Canal. But at an estimated cost of $80 billion, the railway would not be commercially viable if it transported just commodities and not more valuable goods, Jorge Arbache, vice planning minister for international affairs, told Reuters in an interview late on Thursday. Peru also opposed the planned route that cut through one of the country's most important nature reserves, he said.

International energy logistics provider Peterson is to partner with Port Cameron in Louisiana to develop a deepwater staging port and supply base facility serving the Gulf of Mexico. Peterson has signed a teaming partnership agreement with Port Cameron for the development of a 500-acre deep water staging port. Upon completion, Port Cameron in Louisiana will be one of the largest private energy services facilities on the Gulf Coast. The agreement will see Peterson serve as port manager with the option to lease up to 1.2 million square feet of space in Port Cameron Logistics Center. The proposed development will feature more than 21,000 linear feet of bulkhead lots on dredged slips of 500-feet and 700-feet wide and dredged depths of 33 feet.

Over forty-five leading companies in the shipping and offshore maritime sector are among those who have contributed to the funding for the first ever exhibition in the Netherlands dedicated to the offshore sector, to be housed at The Maritime Museum Rotterdam for the next seven years. Offshore Experience, which will open in mid-December, will provide visitors with a spectacular overview of the search for oil, gas, wind energy and renewables at sea. Frits Loomeijer, General Director of the Maritime Museum says, “As the worldwide transition from fossil fuels to renewable energy continues apace, energy assumes increasing importance for the economy and is essential for everyday living. Without energy, we could not recharge our mobile phones, put fuel in our cars or cook our food.

Hili Company, the logistics division of Hili Ventures, has entered into a joint venture agreement with leading international energy logistics company Peterson to provide oil and gas logistics services across the Mediterranean and North Africa. Peterson offers a comprehensive range of safe, reliable and value added logistics solutions to the global energy industry from locations including the Netherlands, North America and the northeast of Scotland. Established in 1920, the organisation has expanded throughout the UK with facilities at several prominent ports, including an integrated asset base in Aberdeen. The joint venture marries Peterson’s expertise in global oil and gas support with the wide-ranging capabilities of Hili Company…

International energy logistics group MISC Berhad announced that it is to merge its chemical fleet with the clean petroleum products (CPP) fleet operated by its wholly owned petroleum subsidiary, AET. Under the new arrangement, AET will take over the 13 chemical vessels and one LPG tanker currently owned/operated by MISC and combine them with its own fleet of eight CPPs to create a new, single entity. Announcing the move, MISC President/Group CEO, Yee Yang Chien, said, “There are significant synergies to be gained from merging the two fleets and creating a consolidated products business. “The integration will also allow us to continue to expand our customer base and develop a range of long-term partnerships in the sector,” he added.

China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m), according to a stock market statement. The Chinese yard noted the benefits of investing in Jiangxi Gas, which has state-owned enterprise Petrochina Kunlun (51% stake), as a controlling shareholder and which has good connections in the natural gas related industries, as part of the strategic transformation of the group’s business. Jiangxi Gas is principally engaged in investment, operation, development, manufacture, sale, transportation and storage of natural gas and related products in Jiangxi Province…

Hanjin Heavy Industries and Construction, Korea, is building a pair of new LPG carriers for Exmar, which  is a Belgian energy logistics company with an existing LPG fleet of around 30 vessels. The two new 38,000-cu. m. LPG carriers will be built at Hanjin’s Subic Shipyard in the Philippines and delivered to EXMAR in Q1 and Q2 of 2016. The pair is significant in that they will feature innovative emissions scrubbing technology from Alfa Laval, in response to global demand to significantly reduce emissions from ships.

Dorian LPG Ltd. a leading owner and manager of modern VLGC's (very large gas carriers), today announced that it has entered into a Memorandum of Understanding ("MOU"), with HNA Logistics Group Co., Ltd. to explore opportunities in the liquefied petroleum gas logistics market. John Hadjipateras, Chairman, President and Chief Executive Officer commented, "We are very pleased to form a strategic relationship with HNA Logistics. Their unique presence in the Chinese market creates opportunities to develop energy related transportation, finance, infrastructure and distribution. "The MOU with Dorian LPG presents a significant opportunity for our company to collaborate with a leader in the LPG industry." Director and Vice President of HNA Logistics, Mr.

OSX Brasil SA, the troubled shipbuilder controlled by former Brazilian billionaire Eike Batista, proposed a 25-year plan to pay back creditors to a Rio de Janeiro bankruptcy court, the company said on Friday in a statement. The proposal includes an initial three-year relief period before OSX would have to start making the payments. The shipbuilder also said it could seek to secure additional financing and make changes to its shareholding structure. OSX filed for bankruptcy protection in November, as part of the unraveling of the once high-flying empire of energy, logistics and commodities that Batista assembled during an economic boom in Brazil that fizzled in 2011. At the time of its bankruptcy filing, OSX sought to restructure a debt burden of 5.34 billion reais ($2.42 billion).

Sheriff Craig Apple assured a room of concerned citizens that county emergency crews were prepared to handle an oil-train accident involving three or four tank cars. Firefighters have been training to combat railcar fires with foam, and evacuation plans are detailed in a 500-page emergency response plan, Apple told residents in a May 12 address. Albany's tracks handle as much as a fourth of the oil pumped from North Dakota's booming Bakken Shale, or up to several 100-car trains per day, each carrying 70,000 barrels. It is one of several spots along North America's new oil-by-rail corridors where residents and officials are restless, following six fiery derailments in the past 10 months.

Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced that it expects to report a net loss between $12.0 million and $13.0 million, or between $0.26 and $0.28 basic and diluted loss per share, for the fourth quarter of 2010. On an adjusted basis, which excludes $1.8 million in unrealized foreign exchange losses, the Company expects to report a net loss between $10.2 million and $11.2 million, or between $0.22 and $0.24 basic and diluted loss per share, for the fourth quarter of 2010. For the three months ended December 31, 2010, the volume of marine fuel sold is expected to total approximately 2.9 million metric tons and the gross spread of marine fuel sold is expected to range between $15.5 and $16.0 per metric ton.

Today, Gov. Bobby Jindal and IT Minerals LLC CEO Jose Domene announced a $4.5 million capital investment by the company in Louisiana, where IT Minerals will establish an importing, processing and exporting facility at the Port of New Orleans for minerals sourced from Mexico and other countries. The project will create 12 new direct jobs with an average annual salary of $34,000 a year, plus benefits. LED estimates the project will result in an additional 28 new indirect jobs, for a total of 40 new jobs in the Southeast Region. IT Minerals is a manufacturer of lightweight aggregates and fillers for polymer-based products; construction products; and insulation, filtration, textile, cryogenic, horticulture and gardening products. Gov.

Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday. In a statement sent to Reuters, Rio de Janeiro-based CVM confirmed that Batista is a respondent in six of nine probes that executives of his Grupo EBX conglomerate are facing for breaching securities rules. In two of them, regulators are examining whether Batista allegedly took advantage of his access to privileged information.