Dual-fuel Tug Delivered to Keppel Smit Towage Singapore
Keppel Offshore & Marine’s shipbuilding arm Keppel Singmarine has delivered its second dual-fuel tug capable of running on liquefied natural gas (LNG). The new vessel…
US Aims to Start LNG Deliveries to Germany in Four Years
U.S. companies expect to begin delivering liquefied natural gas (LNG) to Germany in four years at the latest and will challenge Russia which now accounts for 60 percent of German gas imports, the deputy U.S. energy secretary told a German newspaper."U.S. liquefied natural gas is coming to Germany. The question is not if, but when," Dan Brouillette told the mass circulation daily Bild in an interview published on Monday.U.S.
Cheniere Inks 15-year LNG Sales Pact with Vitol
Cheniere Energy Inc said on Monday that it signed a 15-year agreement to supply liquefied natural gas (LNG) to the world's largest oil trader, Vitol Inc.Cheniere said it will sell 700,000 tonnes of LNG every year to Vitol, starting 2018 and the purchase price will be pegged to the Henry Hub monthly average, plus a fee.The United States has become a major LNG exporter in the last two years, mostly due to the ramp up of Cheniere's Sabine Pass terminal in Louisiana.
Baltic Index Eases on Weaker Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, was weighed down on Monday by weaker demand for the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 9 points, or 0.7 percent, to 1,357 points.The capesize index fell 47 points, or 2.5 percent, to 1,853 points, its lowest in almost 15 weeks.Average daily earnings for capesizes, which typically transport 170,000-180,000 to
Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap
Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge.
Maritime Ports Pushed to Up Cyber Security
Resilience planning, Info Sharing Take Spotlight“Oh what a tangled web we weave, when first we practice to deceive.” That old chestnut gets turned on its head when it comes to port cyber security. It’s more like “Oh what a tangled web we’ve woven, so much harder to stop data stolen.”Ports today have the physical aspect of security pretty well nailed shut - gates, locks, fencing, alarms, cameras, drones, etc.
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