Northwest Europe News

26 Nov 2019

Boskalis Completes Horizon Acquisition

Image: Royal Boskalis Westminster

Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services.Earlier this year, Boskalis already acquired 62.5% of the shares. The 2019 revenue is expected to exceed USD 100 million and the activities will be consolidated as of 2020.Following this transaction, Boskalis will be able to optimize its successful…

01 Oct 2019

Europe Looks for Gas as Groningen Folds

Image: Rystad Energy

Europe’s energy landscape will be completely changed once the Dutch shut down the largest gas field on the continent years ahead of schedule, according to Rystad Energy.The Netherland recently announced that production at Groningen – Europe’s largest gas field – will be halted in 2022, eight years earlier than initially planned. However, despite the ambitious target of decommissioning the field by 2022, Rystad Energy expects that there could be some residual production from Groningen…

24 Sep 2019

Nauticor Undertakes 1st SIMPOS LNG Bunkering

Image: Unifeeder

Hamburg-based Nauticor, a unit of Linde, together with the logistics company Unifeeder completed a simultaneous  operations (SIMOPS) ship-to-ship bunkering of the liquefied natural gas (LNG)-retrofit Wes Amelie at the port of Helsinki, Finland.The world’s largest bunker supply vessel for liquefied natural gas (LNG) Kairos supplied the chilled fuel to the Wes Amelie at the Vuosaari Harbour container terminal through a SIMOPS (simultaneous operations), Nauticor saidThe transfer of LNG between the two vessels marks an important step in several aspects…

21 Aug 2019

Gulf Marine CEO Quits in wake of Profit Warning

A Gulf Marine Services Jack Up unit (CREDIT: GMS)

Gulf Marine Services said on Wednesday Chief Executive Officer Duncan Anderson has resigned as the oilfield industry contractor warned a reassessment of its ships and contracts showed profit would fall this year, kicking its shares 12% down.The Abu Dhabi-based offshore services specialist said a review by new finance chief Stephen Kersley of its large E-class vessels operating in Northwest Europe and the Middle East pointed to 2019 core earnings of between $45 million and $48 million…

16 Aug 2019

Neste Launches IMO 2020 Compliant Fuel

Image: Neste Corporation

Finland-based refiner Neste Corporation will begin to sell a low-sulfur marine fuel in northwest Europe in the fourth quarter of 2019.From January 1, 2020, the International Maritime Organization (IMO) will enforce a 0.5% global sulfur cap on fuel content for areas currently with 3.5% limit.In these areas, all vessels will be required to use fuel with a maximum sulfur content of 0.5%, unless they use exhaust gas cleaning systems.Neste helps shipping companies to respond to the…

26 Jul 2019

CSP Zeebrugge Terminal Deploys Navis N4

Pic: Navis

The terminal operating systems (TOS) provider Navis announced  that CSP Zeebrugge Terminal, part of COSCO Shipping Ports, has successfully gone live with Navis N4.The unit of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, the terminal connecting European market will use N4 to focus on real-time data sharing and efficiency for better service.The terminal…

23 May 2019

Shipowners See Increase in IMO-Compliant Fuels, But Doubts Persist

Shipowners, who are facing one of the biggest changes in the oil industry in decades, are seeing more fuels that will be compliant with new rules on sulphur emissions from ships, but some say the way forward is far from clear.The United Nations shipping agency the International Maritime Organization (IMO) will from January 2020 limit the sulphur content in fuel ships use to 0.5%.With the exception of some zones around northwest Europe and North America known as Emission Control Areas where maximum sulphur content is restricted to 0.1% sulphur, the current global cap is 3.5%.The sulphur switch will be a mammoth task as it requires adapting the 300 million tonne a year bunker fuel market…

31 Mar 2019

Visser Shipping Installs Scrubber in Boxships

Douwe and Aleida Visser, owners of Visser Shipping. Photo: Visser Shipping

Netherlands-based Visser Shipping has signed a contract with exhaust gas cleaning system (EGCS) supplier Value Maritime to outfit three container ships with scrubbers, with an option for a fourth scrubber.In 1995 Visser Shipping bought their first seagoing vessel, followed by their first container ship in 2002. The fleet provides container transport throughout Northwest Europe. Thanks to inventive entrepreneurship, the Shipping company continued to enjoy growth even during the crisis years. The fleet consists of 5 modern container ships.“Sailing is our passion.

19 Mar 2019

LNG Bunkering: World's Largest Starts Ops

Photo Credits: Nauticor

On March 15, 2019, the world’s largest bunker supply vessel (BSV) for liquefied natural gas (LNG) Kairos conducted the first LNG bunker supply operation for the newbuild ferry MS Visborg at the ferry pier of the port of Visby.The bunker operation puts into practice the contract for the supply of LNG, which was signed by Nauticor, a leading supplier of LNG as marine fuel, and Destination Gotland, the owner and operator of the new ferry, in December 2017 and enables the ferry to…

19 Mar 2019

Euronav planning LSFO STS at Malta

File Image: A EuroNav VLCC underway at sea (CREDIT: EuroNav)

Euronav has chartered a tanker to bring a 30,000 tonne cargo of low-sulphur fuel oil from northwest Europe to Malta, where its megatanker, Oceania, has been parked offshore since Jan.

12 Mar 2019

Rotterdam Port Invests in Expansion

Allard Castelein, CEO. Photo: Port of Rotterdam Authority

The Port of Rotterdam Authority said that its gross investments increased 91% to EUR408.1 million (USD461Mln) in 2018, the highest level since the construction of Maasvlakte 2.By far the largest part of this amount was used to further improve the logistical accessibility of the port of Rotterdam, for example by starting construction of the Container Exchange Route and building the Princess Amalia Viaduct, said a press release from the largest port in Europe, located in the city of Rotterdam…

28 Feb 2019

Russia Ships Record High LNG Volumes to Europe

Photo courtesy of Novatek

Russia delivered a record amount of liquefied natural gas (LNG) to Europe in February, becoming the biggest supplier of the chilled fuel to the continent for the first time.A total of 19 cargoes, or 1.41 million tonnes, of LNG from the Yamal LNG plant in Russia's Arctic reached regasification terminals in Europe in February, with the majority of those going to northwest Europe, Refinitiv Eikon data shows.This is the largest monthly amount of LNG from Yamal to arrive in Europe since the plant was launched in Dec.

06 Feb 2019

Elengy LNG Terminal Hit Records in 2018

Aerial photography of a transshipment operation at Montoir-de-Bretagne terminal

Elengy, a unit of the French energy company and LNG player Engie, reported record activities at its liquefied natural gas (LNG) terminals during 2018.The French LNG operator said in a press release thatits Montoir-de-Bretagne terminal also reached a number of milestones during the year. Elengy and its subsidiary Fosmax LNG berthed 215 vessels  at its facilities, with 106 TWh of natural gas delivered to the transmission network, a 13 percent jump on 2017 figures, it said.It reported…

18 Jan 2019

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

14 Dec 2018

Kairos Begins Operations in Northwest Europe

Photo: Polish LNG Platform

The world’s largest LNG bunker supply vessel “Kairos” has started operations in Northwest Europe on December 11th, 2018, said a press note from the Polish LNG Platform.Chartered by Blue LNG, a joint venture of the Hamburg based leading LNG supplier “Nauticor” with a 90% share and the Lithuanian energy infrastructure provider KN with a 10% share, the ship was handed over by the owner Babcock Schulte Energy in the port of Klaipeda.Mahinde Abeynaike, CEO of Nauticor, underlined the…

13 Nov 2018

Argus Adds New Marine Fuel Price Assessments

© Nikita Starichenko / Adobe Stock

Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020."Argus is pleased to be taking the lead in bringing price transparency that enables this large and emerging oil market to advance trading in preparation for the IMO 2020 required fuels…

12 Nov 2018

Ice-breaking Tanker Heads for Russia to Load Yamal LNG

A new ice-breaking tanker capable of navigating the Arctic on its own is set to load its first liquefied natural gas (LNG) shipment from Russia's fast-expanding Yamal facility.The Georgiy Brusilov left South Korea's Daewoo Shipbuilding and Marine Engineering shipyard at the weekend and is due at Yamal's Sabetta port on Nov. 28, Refinitiv Eikon data shows.It is the eighth ARC7-class LNG carrier, which are longer than the Titanic, to join the Yamal fleet operated by Teekay, Mitsui OSK Lines and Dynagas, with another seven expected.The vessels have enabled Yamal's operator Novatek to ramp up production since its first LNG cargo at the end of last year…

02 Nov 2018

ExxonMobil Rolls-out New Antwerp Unit to Produce Marine Fuel

Image: ExxonMobil

ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel.The new 50,000 barrel-per-day unit expands the refinery’s capacity to meet demand for cleaner transportation fuels throughout northwest Europe. The company’s investment in the new coker will also help meet anticipated demand for lower-sulfur fuel oil to comply with new standards to…

23 Oct 2018

LNG Shipping Rates Double Since End-August

© Björn Wylezich / Adobe Stock

Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.That is a 6-year high and compares to Atlantic basin rates of $75,000 at the end of August and around $95,000 at the end of September.Rates have jumped due to supply from new plants, longer distances traveled and anticipation of higher prices prompting shippers to lock in longer-duration contracts."Charterers continue to lock in multi-month contracts ahead of the winter and we continue

18 Oct 2018

Record Low Rhine Levels Hampers Barge Trade

© Markus Mohr / Adobe Stock

Water levels on the Rhine River fell to a record low on Thursday and were forecast to fall even further, hampering oil product barge trading in northwest Europe.Water levels at the Kaub point of the river fell to 31 cm, according to Refinitiv Eikon data, the lowest level in data available since September 1995.Shallow water on the Rhine in Germany means freight vessels cannot sail fully loaded.The river is an important shipping route for commodities including grains, minerals, coal and oil products including heating oil.

18 Oct 2018

World’s Largest LNG Bunker Vessel Sails for Delivery

Kairos (Photo: Nauticor)

The world’s largest liquefied natural gas (LNG) bunker supply vessel began its voyage from Hyundai Mipo Dockyard (HMD) in South Korea to the ship’s primary area of operation in Northwest Europe, on Wednesday.The 7,500 m³ capacity Kairos is the world’s largest LNG bunker supply vessel. It will be ready for operations before the end of 2018.Mahinde Abeynaike, CEO of Nauticor, which holds 90 percent of the joint venture that charters the vessel, said, “The arrival of the Kairos in the Baltic Sea will set a milestone for LNG as a ship fuel.

04 Oct 2018

Milestone LNG Bunkering for Shell and Sovcomflot in Rotterdam

(Photo: SCF Group)

Shell delivered its first ship-to-ship bunkering of liquefied natural gas (LNG) from specialized LNG bunker vessel Cardissa in the Port of Rotterdam on Tuesday, marking a number of key milestones as the maritime sector increasingly turns toward cleaner burning LNG fuel.The bunkering of the Sovcomflot's Aframax tanker Gagarin Prospect with LNG is the first operation under a fuel supply agreement between Shell and Sovcomflot signed in 2017, which helped pioneer the expansion of LNG fuel into the tanker industry and…

03 Sep 2018

Monjasa Acquires Tonnage for Northwest Europe Operations

Photo provided by Monjasa Group

Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel. Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the ceaseless high performance of the vessel now leads to definitive Monjasa ownership.In 2016, Monjasa established a niche market in the English Channel as an alternative for shipowners and operators taking bunkers in the ARA hub. In this setup, MT Fredericia plays a significant role and currently performs exclusive bunkering operations in the Portland…

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