DNV GL to Study Risks of Small Scale LNG Bunkering
In order to better understand the consequences of an accidental liquefied natural gas (LNG) release, DNV GL has been asked by the industry to initiate a Joint Industry Project (JIP). It will be run in collaboration with E&P companies and LNG market stakeholders. The JIP will contribute to the development of rigorous safety standards and guidelines for small scale LNG bunkering and filling stations. Other E&P and energy companies still have time to join the project.
Japan Shuts Down Nuclear Plants in Typhoon's Path
Hundreds of flights were cancelled in Japan and more than 500,000 people urged to evacuate as a powerful typhoon brought torrential rain and high winds to southwestern…
FPSO Contract Suspension Could Cost Petrobas US$15-bln
Profit at Petrobras, Brazil's state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore NV…
CITIC Starts Court Proceedings Against Qingdao Port Operator
China's CITIC Resources Holdings Ltd has begun court proceedings against the operator of a bonded warehouse at Quindao port as legal action ramps up following an…
Global Ocean Trade: Latest Shipbuilding Orders
Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin.
Shipping Industry Not Quite as Upbeat About Future: Analyst
Overall confidence levels in the shipping industry fell slightly during the three-month period to May 2014, due to concerns that overtonnaging could hit freight rates…
