Lampung News

From weather predicting apps to using artificial intelligence to monitor the fish they catch, small-scale fishermen and coastal communities are increasingly turning to digital tools to help them be more sustainable and tackle climate change.Overfishing and illegal fishing by commercial vessels inflict significant damage on fisheries and the environment, and take food and jobs from millions of people in coastal communities who rely on fishing, environmental groups say.In addition…

Indonesia will begin restricting foreign vessels transporting domestic aquaculture products in Indonesian waters to encourage growth for domestic shipbuilders from next year. The stricter fishing laws would spell the end of foreign fishing vessels plying Indonesian waters. This would in turn impact the fishery industry in several ASEAN countries which have partly depended on catch from Indonesian territorial waters. Indonesian Maritime and Fisheries Minister Susi Pudjiastuti said her country will not issue new licenses to foreign vessels after the current moratorium ends next month. The moratorium will end on 30 April. Indonesia doesn’t see that it should continue (with the moratorium). The country has already done verifications.

Höegh LNG reported USD 32.3 million in total income in the second quarter 2014, down from USD 42.7 million in the second quarter 2013. The decrease is mainly due to USD 16.2 million lower construction contract revenues. "We reached an important milestone when the complex FSRU and Mooring project in Lampung reached mechanical completion and the FSRU commenced commercial operation in August 2014," Sveinung J.S. Støhle, President and Chief Executive Officer stated. "Another important milestone was met in August 2014 with the successful IPO and NYSE listing of Höegh LNG Partners. The IPO was six times oversubscribed and priced at a yield of 6.75%, the best pricing ever achieved for a maritime MLP IPO.

Höegh LNG Partners LP  a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd., announced today the pricing of its initial public offering of 9,600,000 common units representing limited partner interests in the Partnership at $20.00 per unit. The Partnership has also granted the underwriters a 30-day option to purchase up to 1,440,000 additional common units. The common units being offered represent a 36.5% limited partner interest in the Partnership, or a 42.0% limited partner interest if the underwriters exercise in full their option to purchase additional common units. Höegh LNG Holdings Ltd. will own the Partnership's general partner and the remaining limited partner interest.

Höegh LNG Partners LP ("Partnership"), a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd. ("Company"), announced today that it has commenced an initial public offering of 9,600,000 common units representing limited partner interests in the Partnership pursuant to a registration statement on Form F-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC"). The Partnership intends to grant the underwriters a 30-day option to purchase up to 1,440,000 additional common units. The common units are expected to trade on the New York Stock Exchange under the symbol "HMLP". The common units being offered represent a 36.5% limited partner interest in the Partnership…

Greek shipowners have returned to the top of the global shipping economy by controlling a gross tonnage of 164 million tons, overtaking the Japanese on 159.4 million tons. According to Clarksons, this global lead illustrates that Greeks operate much bigger ships because they own 4,984 vessels against 8,537 managed by the Japanese and 6,427 by the Chinese. Japanese have invested huge funds during the past decade which resulted in significant losses during the crisis, while Greeks proved to be more conservative during the period of industry growth and had less negative impact on them. In addition Greeks are seemed to be very active in vessel acquisitions as they have spent more than $6,8bn during Q1 2014.

Italy-based RINA Group will deliver concept selection, FEED, support during negotiations with potential shipyards, project management during construction, and support for commissioning for a new floating LNG FSRU terminal in South Sumatra, Indonesia. RINA has been appointed by PGAS Solution, a subsidiary of PGN, Indonesia’s largest natural gas distribution company, which will own and operate the FSRU. The Floating Storage and Regasification Unit is to serve as an LNG importing hub for PGN in South Sumatra and will have a storage capacity of 170…