Guyana Puts Oil Auctions on Hold
![(File photo: Hexx Corp)](https://images.marinelink.com/images/maritime/w100h1500/file-photo-hexx-corp-90963.jpg)
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group led by Exxon Mobil Corp hundreds of oil blocks along Guyana's maritime borders with Venezuela and Suriname. Their finds are turning Guyana, a country with no history of oil production and relaxed energy regulation…
Chinese Marine Builder to Work with Singapore Trader to Buy Fuel
![(Photo: CCCC Marine Construction & Development Co)](https://images.marinelink.com/images/maritime/w100h1500/oto-cccc-marine-construction-development-90961.jpg)
The marine construction unit of the state-owned China Communications Construction Company (CCCC) on Tuesday signed an agreement to work with Singapore-based commodities trader Zenrock Group to purchase fuel.Marine Construction & Development Co (MCD), which is involved in major infrastructure projects around the world as part of China's Belt and Road initiative, wants to streamline its process for buying fuel…
Sinopec Adds LNG Tank at Tianjin Terminal
![(File photo: Chen Feng / Sinopec)](https://images.marinelink.com/images/maritime/w100h1500/file-photo-chen-feng-sinopec-90959.jpg)
China's Sinopec Corp completed adding a third tank to store liquefied natural gas at its receiving terminal in Tianjin, marking the completion of construction of the first phase of the import facility, the state oil and gas group said on Tuesday.The terminal, in the northern port city Tianjin, near Beijing, began operations last February. It has an annual receiving capacity of 3 million tonnes and…
New Wood Chip Carrier Delivered in Japan
![Snow Camellia (Photo: NYK)](https://images.marinelink.com/images/maritime/w100h1500/snow-camellia-photo-nyk-90944.jpg)
A new wood chip carrier was delivered for Hokuetsu Corporation on September 11 at Oshima Shipbuilding Co. Ltd. in Saikai city, Nagasaki, Japan, and a naming and delivery ceremony was held on the same day. NYK and Hokuetsu have a long-term contract for this vessel.According to NYK, the new vessel uses about 15 percent less fuel compared to conventional wood chip carriers.The ship was named Snow Camellia after the prefectural tree of Niigata…
Maritime Response Services & Non-Tank Vessel Response Plans
![The Author, Richard Paine Jr.](https://images.marinelink.com/images/maritime/w100h1500/the-author-richard-paine-jr-90940.jpg)
Avoiding Potential Pitfalls and HeadachesThe summer of Sub M may be over, but the heat remains for the tugboat and towing vessel industry operating under the July 20th regulations. Owner & Operators are faced with daily challenges to continually sustain and build their businesses. As with any new regulation, there is a period of learn-ing and, even more so, interpretation by industry and by those enforcing regulations.
US Navy Ship Denied Entry into Hong Kong Port
![File photo: The amphibious assault ship USS Wasp (LHD 1) (U.S. Navy photo by Levingston Lewis)](https://images.marinelink.com/images/maritime/w100h1500/file-photo-the-amphibious-assault-90937.jpg)
China has denied a request for a U.S. warship to visit Hong Kong, the U.S. consulate in the Chinese city said on Tuesday, amid rising tension between Beijing and Washington over trade and a U.S. decision to sanction the Asian nation's military.The amphibious assault ship Wasp had been due to make a port call in the former British colony of Hong Kong in October, diplomatic sources said."The Chinese Government did not approve a request for a U.S.
Higher Vessel Rates Lift Baltic Index
![(Photo: Peter Gramstrup / NORDEN)](https://images.marinelink.com/images/maritime/w100h1500/photo-peter-gramstrup-norden-90935.jpg)
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the fifth consecutive day on Tuesday supported by gains across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 16 points, or 1.1 percent, to 1,450 points.The capesize index was up 4 points or 0.2 percent at 1,868 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as
Lundin Petroleum Says Arctic Oil Test Points to Bigger Reservoir
![(Photo: Lundin Petroleum)](https://images.marinelink.com/images/maritime/w100h1500/photo-lundin-petroleum-90934.jpg)
Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms, but Alta is among the exceptions along with ENI's Goliat field and Equinor's Johan Castberg discovery.Lundin and its partners are considering…
No Delays to Implementing 2020 Sulphur Cap -IMO Official
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The International Maritime Organization (IMO) will not delay implementing a reduction in the amount of sulphur in marine fuel in 2020, an IMO official said on Tuesday."I can categorically say there will not be a delay," said Edmund Hughes, the head of air pollution and energy efficiency at the IMO, during the Asia Pacific Petroleum Conference (APPEC) in Singapore.IMO, the United Nations' shipping agency…
Smarter Energy Policy Will Broaden Offshore Recovery
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For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August, Gulf of Mexico Lease Sale 251 drew increased competition for offerings and $178 million in high bids, $53 million more than previous sale held in March.
Wang Tak Launches Catamaran Passenger Ferry
A new 40m catamaran passenger ferry, Jiang Men, has been launched by shipbuilder Wang Tak in Hong Kong.The Incat Crowther designed Jiang Men is the third in a series…
Russia's Novatek Ships First LNG Cargo to Brazil
Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project.A statement from PAO Novatek…
Rowan Gets New Contract by Turkish Petroleum
Offshore driller Rowan Companies has been awarded a two-well contract for its Rowan Norway jack-up rig in the Mediterranean Sea by Turkish Petroleum.Rowan Companies announced that the Rowan Norway…
IMO Member State Audit Summary Goes to Sub-Committee
The first consolidated audit summary report from mandatory audits conducted under the IMO Member State Audit Scheme will be considered this week, when the Sub-Committee…
OGCI Pledges to Tackle Methane Emissions
The Oil and Gas Climate Initiative (OGCI) has announced a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil…
Prysmian Completes Wikinger Offshore Wind Farm Cable Project
Prysmian Group, world leader in the energy and telecom cable systems industry, announces the successful commissioning of the inter-array cable system for the Wikinger offshore wind farm…
Global Maritime Community Strengthen Co-Operation in SOMS
More than 180 participants from around 80 maritime administrations and organisations, as well as embassies in Singapore, attended the 11th Co-operation Forum yesterday (September 24)…
Europe Prefers Polluting Yards Abroad, Though It can Handle Ship Recycling
Ship recycling yards approved by the EU will have enough capacity to handle demand from EU-flagged ships that need to be scrapped, a statement from NGO Shipbreaking…
MSC to Introduce Global Fuel Surcharge
Improving the environmental performance of the container shipping supply chain is a common goal shared by shipping lines, shippers, freight forwarders and non-vessel operating common carriers…
EU Backs European Maritime Single Window
The European Sea Ports Organisation (ESPO) welcomes the Commission’s proposal for a Regulation establishing a European Maritime Single Window environment, stated…