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âKâ Line, Taipower, U-Ming, and Kuang Ming Establish JV
Kawasaki Kisen Kaisha, Ltd. ("Kâ Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of UnderstandingïŒMOUïŒin Taipei, Taiwan on July 1. This new joint venture will own both coal and LNG carriers, and operate them for transporting these raw materials to Taipower.
Saga Dawn Gas Trials Success for LNT Marine
LNT Marine has successfully completed gas trials of its novel LNTA-BOX containment system aboard Saga Dawn, a mid-size LNG carrier due for delivery from China Merchants Heavy Industry (Jiangsu) shipyard.Saga LNG Shipping and China Merchants Industry Holdings (CMIH) signed a contract for the 45,000m3-capacity LNG carrier in late 2015, with the yard subsequently entering into a license agreement withâŠ
OSK Designs RoPax Ferry for Onorato
The provider of passenger and freight maritime transportation Onorato Armatori has signed a contract with Guangzhou Shipyard International (GSI) for the order of two plus two RoPax ferriesâŠ
Africa Dominates LNG Investments
With LNG greenfield investments expected to reach near $103 billion this year, 2019 is set to shatter previous records for the oil and gas industry, said a reportâŠ
AGL Selects Höegh Esperanza FSRU
Norway-based floating liquefied natural gas (LNG) company Höegh LNG announced that its floating storage and regasification unit (FSRU) Höegh Esperanza has been selectedâŠ
MOL Works on Environmental Agenda
Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."ShppingâŠ
US LNG plays havoc with Dutch Gas, Asian shipping
Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses.Prices for month-ahead Dutch gas have dropped by two-thirds since their peak last September of just under 30 euros per megawatt hour (MWh).On Friday, Dutch gas for July delivery slumped to 8.95 euros per MWhâŠ
Coralius Completes 1st Bunkering in Rotterdam
Finnish integrated gas company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its first bunkering in the port and refining area of RotterdamâŠ
Titan LNG Christens FlexFueler001
Netherlands-based service supplier of liquefied natural gas (LNG), Titan LNG has christened its liquefied natural gas bunkering barge, the FlexFueler001, in theâŠ
Shipping Companies: Is Bigger Better?
âIf consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In âcommoditizedâ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level. As long as bigger is not in fact much better, then meaningful consolidation will not happen.âDr.
Damen to Build Eco-efficient Tug for Baleària
Damen Shipyards Group has signed a contract with Spain-based major ferry operator Baleària for the delivery of a Stan Tug 1606 E3.The contract was signed by Mr. Ettore Morace and Mr. Guillermo Alomar, executive director of operations and fleet director of Baleària respectively and Carlos Gonzalez Martin on behalf of Damen. The vessel is an answer to increasing demands for sustainability in the maritime industry.
OSK-ShipTech Designs Luxury RoPax Ferry
Onorato Armatori has signed a historical contract with Guangzhou Shipyard International (GSI) for the order of two plus two luxurious RoPax ferries.Danish naval architects OSK-ShipTech have again contributed to a significant Chinese newbuilding project with the design for the luxury ferries constituting the worldâs largest ferry order to this day. The contract was just signed at a ceremony in Beijing.
Yamal LNG Ships 1st LNG Cargo to Japan
Russian natural gas producer Novatek announced that Yamal LNG shipped the first LNG cargo to Japan in accordance with the long-term off-take agreement with TOTAL.ItâŠ
NorShipping 2019: A âKoseligâ Event
"Koselig" is a Norwegian adjective used to describe situations that give a feeling of comfort, warmth, and relaxation. The NorShipping exhibition and conferenceâŠ
First European Dual-Fuel Dredger Conversion
Damen Shiprepair & Conversion has signed off on the conversion of a dredger to dual-fuel operation on liquefied natural gas (LNG) and marine gas oil (MGO), and which is powered by MAN 35/44DF engines.The conversion of the âSamuel de Champlainâ is the first of its kind in Europe and is part of an EU-supported initiative to promote LNG propulsion in short-sea vessels operating along the European Atlantic coast.The 117mâŠ
Market in Focus: Gas Ships
Infrastructure continues to expand, and pricing incentives will continue to shift as the market matures. The LNG markets look like they may resemble the clean product tanker market in several years, which is highly arbitrage driven. We look to see an increased number of portfolio players working the spot market, which will drive the commoditization of the space and enable further demand.The total ton-mile demand for LNG carriers has increased over the past several years.
Europe's First Inland-Waterway LNG Bunker Vessel
Shell said that Europeâs first inland-waterway LNG bunker vessel has carried out its first bunkering operations, providing fuel for the Containerships Polar andâŠ
Awilco LNG Carrier Charter Cancelled
Norwegian LNG transportation company Awilco LNG said that the charter deal for its WilForce LNG carrier has been cancelled by the charterer.The LNG tanker whichâŠ
IMO 2020: Hydrogen's Future in Maritime
Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL AnnexâŠ
MAN B&W Dual-Fuel Engines Passes Half-Million Hours
MAN Energy Solutions has announced that its two-stroke, dual-fuel portfolio has now logged over 500,000 operational hours. The milestone stems from the confirmed 250+ sales the company has won within its entire portfolio of dual-fuel engines â all running on LNG or other, clean fuels such as LPG and methanol.MAN Energy Solutionsâ ME-GI (-Gas Injection) and ME-LGI (-Liquid Gas Injection) engines form the core of its two-strokeâŠ
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
Digitalization Driving Safety in the Maritime Sector
Video: LNG Carrier Transits the Northern Sea Route
Designer seeks permit to send out United States gas to Mexico for LNG exports
Crowley Christens LNG-Powered ConRo
Pasha Hawaii Brings LNG Containerships Online
Inside Crowley's Commitment Class ConRo Ships
Enhancing Gas Carrier Reporting and Reducing Crew Burden with ABS Wavesight Nautical Systemsâą Voyage Manager
LNG Investment Set to Grow
