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VTTI to Control Italy's Biggest LNG Terminal, Snam to Get 30%
Energy storage group VTTI will get a 70% stake in Italy's biggest liquefied natural gas (LNG) terminal, with grid operator Snam owning the rest, the Milan-listed group said on Wednesday, announcing a deal to be finalised by year-end.Snam, which is controlled by the Italian government, said in a statement it had exercised its pre-emption right to increase its stake in the infrastructure dubbed Adriatic…
Damen and CMA CGM Join Forces to Boost Containerships Efficiency
Around 10 of CMA CGM’s vessels are set to receive modifications and upgrades as part of the agreement the French shipping giant made with Dutch shipbuilder Damen Shipyards, aimed at increasing the efficiency of the ships.The upgrades and modifications will deliver fuel efficiencies of more than 10%, according to Damen.The upgrades will take place at Damen Shiprepair Dunkerque (DSDu) and Damen Shiprepair Amsterdam (DSAm)…
Japan’s First Dual-Fuel LNG Bunkering Vessel Delivered to Industry Partners
KEYS Bunkering West Japan Corporation - a joint venture established by Kyushu Electric Power, NYK Line, Itochu Enex, and Saibu Gas – has taken delivery of KEYS Azalea vessel, said to be Japan’s first LNG bunkering vessel equipped with a dual-fuel engine.The delivery ceremony for the vessel was held on March 28, 2024, at the Yamatomachi Shipyard of Mitsubishi Shipbuilding in Japan’s Yamaguchi Prefecture.KEYS…
Gazprom Uses Replacement Vessel to Maintain Gas Loadings
Russia's Gazprom is using a replacement vessel for ship-to-ship loadings (STS) of liquefied natural gas from its Portovaya LNG plant on the Baltic Sea while another ship is repaired, LSEG data showed on Monday.The floating storage and regasification unit (FSRU) Marshal Vasilevskiy is designed to supply Russia's Kaliningrad exclave, between Lithuania and Poland, and ensure its gas security in case of disruption to pipeline supplies from neighboring countries.According to LSEG data, the FSRU Marsh
Esgian Week 13 Report: Demand Shifts
Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.Drilling Activity and DiscoveriesThe Norwegian Offshore Directorate…
QatarEnergy to Charter 19 New LNG Carriers
QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.In a ceremony at its Doha headquarters state-owned QatarEnergy signed contracts to charter six vessels from CMES LNG Carrier Investment, six vessels from Shandong Marine Energy and three vessels from MISC Berhad.
Carnival Orders Excel-class Cruise Ship
Fresh on the heels of its first newbuild order in five years, the world's largest cruise company has placed an order for an additional vessel.U.S.-based Carnival Corporation on Tuesday announced it has signed an agreement with German shipbuilder Meyer Werft to build an Excel-class cruise ship for its Carnival Cruise Line brand for expected delivery in 2028.The ship will be the 11th Excel-class ship for the corporation's fleet across four of its brands…
Shipping Industry Faces Fuel Dilemma in Bid to Cut Emissions
The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industry…
Stena Bulk Completes Sale of LNG Tankers
Stena Bulk completed the sale of two of its LNG carriers – Stena Crystal Sky and Stena Clear Sky – to BW LNG.As part of the sale, BW LNG will assume the existing charters for both vessels.Both vessels were originally delivered in 2011 from Daewoo Shipbuilding & Marine Engineering in South Korea. Stena Crystal Sky and Stena Clear Sky each have an LNG carrying capacity of 174,000 cbm.“As part of our strategy to continuously look for new opportunities…
Fuel Savings of Autonomous Navigation System Verified
Avikus, HD Hyundai's autonomous navigation in-house startup, has verified that its autonomous navigation system is capable of reducing fuel use by as much as 15%, which is expected to reduce carbon emissions by 10%.The fuel savings were quantified on a 325,000-ton very large ore carrier (VLOC) operating several times on a 5,800-mile route from Singapore to Brazil using Avikus’ autonomous HiNAS Control…
QatarEnergy Inks Nakilat Deal for Operation of 25 LNG Ships
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25, 174,000 cubic meter LNG vessels as part of the second ship-owner tender under QatarEnergy’s historic LNG Fleet Expansion Program.The agreements were signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy and Mr.
QatarEnergy Charters 25 Nakilat LNG Carriers
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second shipowner tender under QatarEnergy’s LNG fleet expansion program.Seventeen of the 25 LNG vessels are being built at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being built at Hanwha Ocean…
Study Demonstrates Need for New Fire Safety Rules for Methanol-Fueled Ships
A new fire safety study by survival technology solutions provider Survitec finds that existing fire-fighting methods used to extinguish machinery space spray and pool fires on conventionally fueled vessels are inadequate when dealing with methanol-based fires.This follows extensive comparative fire tests on dual-fuel marine engines using diesel oil and methanol.“Our tests confirm that traditional water…
Petrobras Exec Says Gas Export Possible from Colombia Project
A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday.As oil production in Brazil's prolific presalt region is set to plateau in coming years, Petrobras is expanding its horizons to new frontiers including the Equatorial Margin…
Meyer Werft Lays Keel for Next Disney Cruise Line Ship
The construction of the next cruise ship for Disney Cruise Line has reached another milestone: assembly of the ship's hull began today with the traditional keel-laying ceremony. The ship is the sister ship of the Disney Treasure, which is also under construction, and the Disney Wish, which launched in 2022.The keel was laid in the 504-meter-long covered building dock at Meyer Werft in Germany. Philip Gennotte…
Master Boat Builders Delivers Tug for Seaside LNG/Polaris New Energy
Coden, Ala. shipbuilder Master Boat Builders on Monday announced it has delivered Tortuga, the latest tugboat to join Seaside LNG/Polaris New Energy fleet.Tortuga will connect with the barge Clean Everglades, delivered from Fincantieri Bay Shipbuilding in 2023, to form a Jones Act compliant articulated tug and barge (ATB) for bunkering liquefied natural gas (LNG).The new tug has an overall length of 109 feet and features two Caterpillar 3512E main engines…
Venture Global LNG to Buy Fleet of LNG Vessels
Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes.Venture Global LNG has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities in Louisiana. The vessels it used were owned by other companies and leased.The nine…
Sanmar Delivers Its Sixth ElectRA Tugboat to Norwegian Operator
Turkish shipbuilder Sanmar has delivered the sixth electric power tugboat from its ElectRA series to Norwegian operator Buksér og Berging.Named BB ELECTRA by its new owners, the tug will be based at the Port of Oslo.It boasts exclusive-to-Sanmar ElectRA 2200 SX design from Canadian naval architects Robert Allan, and represents the eighth tug that Sanmar has delivered to Buksér og Berging.With an overall length of 22.2 meters excluding fenders…
HaiSea Unveils New Operations Facility for Its Green Tug Fleet
HaiSea Marine, majority owned by Haisla Nation in partnership with Seaspan ULC, is celebrating the official naming and blessing of its new floating operations facility – which will be the home base for its fleet of three full-electric and two liquefied natural gas (LNG)-fueled tugboats.The new facility, named Zewén, is a floating operations and maintenance building purpose-built and designed to withstand the extreme tidal range in the Kitimat region.
Seapath Launches Jones Act Leasing Business
Libra Group subsidiary Seapath has launched a Jones Act leasing business offering maritime leasing and financing solutions and a growing portfolio of vessels valued at approximately $25 million.The group said it sees significant unmet demand for the supply of Jones Act compliant transport assets.Joshua Lubarsky, president of Seapath, said, “Domestic maritime transportation is the backbone of the U.S. transportation system.