Ukraine's Odessa Gets First WTI Oil Cargo from US
Ukraine's Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States, according to industry sources and shipping data, just a month after the front-month futures for the blend turned negative.U.S. West Texas Intermediate (WTI) May crude futures sank to minus $38 per barrel on April 20, just days before their expiration, in a quirky trading pattern never seen before, amid overproduction and lack of storage capacity inflicted by the coronavirus-battling restrictions.On Wednesday…
Coast Guard Corrals Wayward Buoy in Long Island Sound
Built to guide mariners through safe waters, the Valiant Rock Lighted Whistle Buoy 11 was dangerously adrift in the Long Island Sound.When ferry operators traveling between Orient Point and Fishers Island, New York, first reported the buoy off station on Jan. 17, the U.S. Coast Guard Cutter Oak (WLB-211) was already underway but foul weather kept the cutter from removing it.This was the beginning of a two-week saga that would involve several Coast Guard units. Like the Loch Ness monster of the Long Island Sound, the 35-foot-tall green buoy was occasionally seen but hard to catch.
Russian Tanker Back in Region After Shipping U.S. LNG to Europe
A Russian gas tanker that is used to secure energy supplies in the west Russian enclave of Kaliningrad has arrived back in the region after being leased out to transport U.S.-produced LNG to Europe, Refinitiv Eikon data showed on Tuesday.Two energy sources told Reuters in November that energy trader Gunvor had leased the Marshal Vasilevskiy tanker from Russian state-controlled gas company Gazprom for loading an LNG cargo in the United States.That surprised the LNG shipping market because U.S.
Poland Ends Major Russian LNG Contract
Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied natural gas (LNG) supplies when the agreement expires after 2022.In accordance with the provisions of the Yamal Contract, three years prior to its original termination date, i.e. by December 31st, 2019, the parties are required to submit a declaration whether or not they intend to continue their contractual relationship beyond 2022.Gazprom Export, the gas-exporting arm of state-controlled Gazprom…
Wind Farm Fryslân Reaches Financial Close
Ten banks and the province of Fryslân are jointly financing the 382.7MW Windpark Fryslân, which is being built in the Dutch IJsselmeer, south of the Afsluitdijk, six kilometers off the Frisian coast.The near shore windpark is being built by Zuiderzeewind, a consortium of Van Oord and Siemens Gamesa Renewable Energy.According to Van Oord, the preparatory work has already begun. Never before has such a large wind park been built in a lake in the world."We are proud to be able to realize a windpark that contributes over 70% to the Frisian objective for sustainable energy…
Fluxys Sign LNG Contract with Qatar
Qatar Petroleum subsidiary Qatar Terminal Limited (QTL) and Fluxys Belgium subsidiary Fluxys LNG signed a long-term LNG Services Agreement for the Zeebrugge LNG terminal.Under the agreement, QTL subscribes unloading slots at the facility from the expiry of the current long-term unloading contracts and up to 2044.The agreement was signed during a ceremony held in Brussels today by Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum…
Mitsubishi Christens Mitsui's LNG Newbuild
Mitsubishi Shipbuilding, a Mitsubishi Heavy Industries company based in Yokohama, christened Mitsui & Co.(MOL) liquefied natural gas (LNG) carrier named Marvel Heron.The 297.5-meter-long vessel is Mitsubishi Shipbuilding's newest carrier that achieves significant improvements in both LNG carrying capacity and fuel performance through adoption of a more efficient hull structure and an innovative hybrid propulsion system.After completion scheduled in September, the Marvel Heron will go into service primarily transporting LNG for the Cameron LNG Project…
Admiral Schultz Emphasizes Maritime as a Driver of U.S. Commerce
Last month Maritime Reporter & Engineering News was invited to join Admiral Karl Schultz, the Commandant of the United States Coast Guard, on a trek to New Orleans for an underway tour on board a mid-stream transfer operation in the Mississippi River. As the U.S. inland waterway system has endured historic water levels for more than six months, the destination provided a perfect backdrop to discuss several key messages coming from USCG leadership: the maritime industry’s critical role in facilitating U.S.
Christening Ceremony for LPG Carrier
Mitsubishi Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening ceremony on March 12th for a liquefied petroleum gas (LPG) carrier currently under construction for JX Ocean Co., Ltd. The new ship, named Future Ace, will be the twelfth of Mitsubishi Shipbuilding's latest third-generation, 83,000m3-class LPG carriers. In addition to increased energy-efficiency, the ship will have the capability to adapt flexibly to major LPG terminals worldwide, as well as specifications compatible with the new expanded Panama Canal.
MHI: LNG Carrier "Marvel Crane" Christened
Mitsubishi Shipbuilding held a christening ceremony on February 21 for the next-generation LNG (liquefied natural gas) carrier currently under construction for Mitsui & Co., Ltd.The new ship, named Marvel Crane, is a design that significantly improves both LNG carrying capacity and fuel performance due to the adoption of efficient hull structure and hybrid propulsion system. Completion is scheduled for March 2019, after which the Marvel Crane will be put into service, transporting LNG for the Cameron LNG Project in the U.S., in which Mitsui & Co.
Lithuania Plans to Buy an FSRU
Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas.Klaipedos Nafta is currently leasing a floating storage and regasification unit (FSRU), called Independence, from Norway's Hoegh LNG.The use of the vessel has allowed Lithuania to import LNG since 2014, breaking the monopoly Russia's Gazprom had on natural gas supply to the country as well as neighboring Latvia and Estonia."This will keep us able…
Shipping Industry Welcomes EU Support to Green Fuel
The shipping industry and the European Independent fuel suppliers welcome the European Parliament’s support to incentivize the uptake of low-carbon and carbon-free alternative fuels and to remove disparities in energy taxation.On 25 October the European Parliament adopted its report on The deployment of infrastructure for alternative fuels in the EU which pointed out that taxation has a major impact on the price competitiveness of alternative fuels and underlined that a technology…
Mitsubishi Shipbuilding Christens "LNG JUNO"
Mitsubishi Shipbuilding held a christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for MOG-X LNG Shipholding S.A., a wholly owned subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL).The ship, named "LNG JUNO," is the third "Sayaringo STaGE" type vessel, and is Mitsubishi Shipbuilding's newest carrier to feature significant improvements in both LNG carrying capacity and fuel performance through adoption of a more efficient hull structure and an innovative hybrid propulsion system.
IEA Calls for Enhancing Global Natural Gas Security
The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers, and raises new challenges for the global security of energy supplies.Global natural gas markets are being reshaped by the development of major emerging LNG buyers led by China, and the rising production and exports from the United States. The third annual edition of the International Energy Agency’s…
Greek Shipowners Meet Danish Shipping
The Union of Greek Shipowners (UGS) has welcome to its premises the Board of Directors of Danish Shipping in the context of the bilateral meetings of the two national shipowners’ associations.Representing two traditional maritime nations, the Board of Directors of Danish Shipping, headed by its Chairman, Niels Smedegaard, met with the President,Theodore Veniamis and members of the UGS Board of Directors and engaged in what was described by both sides as “an open and constructive…
Hoegh LNG Vessel to Leave Egypt Before Weekend
Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week, a day after Norway's Hoegh LNG said Egypt was to give up one of its two floating liquefied natural gas (LNG) terminals.The minister, Tarek El Molla, told Reuters the other vessel would stay behind as part of the petroleum ministry's strategy to maintain energy supplies for the country.Hoegh said Egypt Natural Gas Holding (EGAS), having decided to end its charter early…
China Navy Ship Makes Maiden Visit to Venezuela
A Chinese naval ship has traveled to Venezuela for the first time, following a visit by President Nicolas Maduro to Beijing this month, where he had been looking to gain China's support for the Latin American nation's struggling economy.The naval medical ship, known as the "Peace Ark", arrived on Saturday at the Venezuelan port of La Guaira for an eight-day period of "friendly visits" to the country, the official Xinhua news agency said on Sunday.Maduro, whose leftist government is under fire in Venezuela as the economy struggles with a fifth year of recession and hyperinflation…
Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal
Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This milestone was achieved approximately 25 months after the execution of project agreements, which took place in July 2016, with the state-owned Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) and 13 months following the receipt of all permits required to achieve financial close in August 2017 with its lenders…
Mitsubishi Shipbuilding Holds Christening for Next-Gen LNG Carrier
Mitsubishi Shipbuilding held the christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for a joint venture of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line). The ship, named "Diamond Gas Rose", is the second "Sayaringo STaGE" type vessel, Mitsubishi Shipbuilding's newest carrier that achieves significant improvements in both LNG carrying capacity and fuel performance through adoption of a more efficient hull structure and an innovative hybrid propulsion system.
British Ports Association Skeptical on Govt's Clean Air Strategy
The British Ports Association (BPA) has responded to the Government’s Clean Air Strategy which was published today and includes requirements for all major ports in England to develop air quality plans within the next year. Commenting on the strategy, Mark Simmonds, Policy Manager at the British Ports Association, said: “Ports and shipping are part of the solution, not the problem and it is disappointing that the Government have missed the opportunity to promote shipping as the cleanest way to move freight.
Tokyo Gas Takes First LNG Cargo from Cove Point
Japan received its first shipment of liquefied natural gas (LNG) on Monday from Dominion Energy Inc's newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world's biggest buyer of the fuel.The docking of the tanker LNG Sakura at Tokyo Gas Co's Negishi terminal near Tokyo is another marker of shifting global energy flows as the United States ramps up exports of gas and oil from shale formations.The cargo is the first of 2.2 million tonnes of LNG a year Japanese companies are purchasing under long-term contracts from Cove Point in Maryland.
Residents Flee South Texas Ahead of Harvey
Residents fleeing most powerful storm on U.S. mainland since 2005. Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S. mainland in more than a decade. The hurricane is forecast to slam first near Corpus Christi, Texas, drop flooding rains along the central Texas coast and potentially loop back over the Gulf of Mexico before hitting Houston, some models showed. "My urgent message to my fellow Texans is that if you live in a region where evacuation has been ordered, you need to heed that advice and get out of harm's way while you can," Texas Gov. Greg Abbott said in a televised address.
Hurricane Harvey Strengthens, Threatens US
Hurricane Harvey intensified early on Friday into potentially the most powerful hurricane to hit the U.S. mainland in more than a decade, as authorities warned locals to shelter from what could be life-threatening winds and floods. Harvey is set to make landfall late Friday or early Saturday on the central Texas coast where Corpus Christi and Houston are home to some of the biggest U.S. refineries. Oil and gas operations have already been disrupted and gasoline prices have spiked. "Now is the time to urgently hide from the wind.