Gorgon LNG Faces Scrutiny on Delayed Carbon Capture Project
The state of Western Australia has ordered an inquiry into a delay in burying carbon dioxide emissions at Chevron Corp's Gorgon liquefied natural gas (LNG) project, which could lead to a change in conditions on the project.The state approved the $54-billion Gorgon project in 2009 on the condition that at least 80 percent of carbon dioxide released in its gas processing operations over a five-year rolling…
Croatia Acts to Cut Red Tape for FSRU Terminal Project
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European Union wants the facility to help diversify sources of supply and reduce dependence on Russian gas, most notably for countries in central Europe.Brussels will invest 101.4 million euros ($121 million)…
Ships Stranded as Strikes Shut Israel's Main Ports
Striking workers shut down Israel's two main ports, leaving dozens of cargo ships stranded on Thursday in protest against the creation of competing foreign-run docks.At least 17 ships were waiting to unload at Ashdod port, with another 14 lined up to come in.
Baltic Index Slips, Snaps Five-session Gain Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday for the first time in five sessions as rates for capesize and panamax vessels fell.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 12 points, or 0.8 percent, at 1,453 points.The capesize index also snapped a five session gain streak and lost 51 points, or about 2 percent, at 2,565 points.Average daily earnings for capesizes
New Patrol Boats Delivered in Curacao
Four new high-speed patrol boats commissioned on the island of Curacao are the first to be delivered to the Dutch Caribbean Coast Guard (DCCG) under a 12-boat order announced last year.The welded aluminum 38 Defiant monohull patrol boats were designed and manufactured by Louisiana based shipbuilder Metal Shark as the result of a multi-year effort by the DCCG to procure a replacement for its fleet of…
Antwerp Port, Fluxys Team Up for CO2 Capture
The climate target of getting Belgian CO2 emissions 35% lower by 2030 is a formidable challenge. In this context Antwerp Port Authority and gas infrastructure operator…
Panama Canal Lifts Daily Neopanamax Reservations to Eight
The Panama Canal announced that it has added an additional reservation slot to its Neopanamax locks, effective from Monday (May 07), bringing the total available booking slots to eight daily.
Cargotec, JCE Invest AB Form Joint Bulk Business
Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture…
Eagle Bulk Shipping Q1 Revenue Jumps Up
Eagle Bulk Shipping generated net revenues of $79.4 million for the three months ended March 31, 2018, representing an increase of 73% compared to the same period in 2017.
Acciona Gets DNV GL Certification
Acciona Energia, the biggest global operator exclusively in renewable energies, received the first ever prototype certificate for a grid-scale energy storage solution by DNV GL…
Hapag-LLoyd Extends Contract of CEO Rolf Habben Jansen
The supervisory board of Hapag-Lloyd AG has unanimously approved to extend the contract of Chief Executive Officer Rolf Habben Jansen for a further five years until 31 March 2024.
Indian Ports Register 1.78% Growth in April
The major Indian ports collectively recorded a growth of 1.78 per cent during April, handling 56.81 million tonnes of cargo, said the Shipping Ministry. "The major…
TUI Approves New Ship for Hapag-Lloyd Cruises
Europe’s largest travel and tourism group TUI Group said it had approved construction of another cruise ship for its Hapag-Lloyd cruise business and that summer…
Upper Mississippi Fleeting Signs with MobileOps
Upper Mississippi Fleeting has signed a deal with MobileOps to help bolster safety, maintenance and regulatory initiatives across its fleet.Upper Mississippi Fleeting…
Statoil Awards Contract for Subsea 7’s Seven Viking
Subsea 7 S.A. said it has received a contract from Statoil to provide subsea inspection, maintenance and repair (IMR) services on the Norwegian Continental Shelf.Subsea 7 did not specify a dollar amount for the awarded work, but said the contract is worth between $150 million and $300 million.Offshore activities will begin in January 2019 using Subsea 7’s IMR and light construction vessel Seven Viking…
Great Lakes Limestone Trade Lags
Great lakes limestone shipments totaled just 1,254,226 net tons in April, a decrease of 23 percent compared to a year ago as the coldest April in more than two decades put a chill on the trade. According to the Lake Carriers’ Association (LCA), loadings trailed the month’s five-year average by even more – 33.3 percent.Loadings at U.S. ports totaled 1.1 million tons, a decrease of 19 percent, while shipments from Canadian quarries totaled 177…
Argentina Offshore Auction Attracting Oil Producers
International oil firms including Norway's Statoil, U.S.
Finns Want to Carve Trump’s Face on a Glacier
President Donald Trump reportedly told South Dakota Representative Kristi Noem it is his dream to be added to Mount Rushmore.There might not be space for the 45th American president’s likeness alongside some of his most immortal predecessors on Mount Rushmore, but a group of Finnish environmentalists say they want to fulfill Trump’s dream in a different way.Members of a Finnish NGO say they want to commission Project Trumpmore…
Offshore: Nippon Foundation, Deepstar Sign MOU
Japan's Nippon Foundation and Deepstar signed a Memorandum of Understanding (MOU) recently which essentially will allow Japan to tap the expertise and resources of DeepStar to help Japan discover and recover new-found subsea resources, as well as educate future generations of Japanese. The MOU was signed on May 1, 2018 at the Hotel ZaZa in Houston, and speaking at the event Nippon Foundation Chairman…
Practical Contributions to the Development of Autonomous Sailing
A great deal of debate and speculation surrounds autonomous sailing. While MARIN does not pretend to know all the answers, it is taking practical steps to assist in its development.The introduction of further autonomy in shipping first aims to facilitate much higher safety standards, but at the same time, a reduction in manning. MARIN is focusing on three main areas in relation to autonomous sailing.
