Equinor Pushes Shore Power, Cuts CO2
Norwegian oil major Equinor said that NorSea opened a shore power supply station at the Dusavik supply base in Stavanger, Norway, on January 18."The base is the…
Global Gas Output Hit Record in a Decade in 2018
The oil and gas industry achieved a net production increase of 164bn cubic metres (bcm), which represents the highest production growth since 2010, according to…
Marinsa Named Ken Jofs as Director of Sales
Miami-headquartered Marinsa International announced that Ken Jofs has joined the Team as Director of Sales."Ken joined our Marinsa Team on January 1, 2019. We are convinced that his expertise in the Marine Industry will add another layer of success in servicing our customers worldwide," Adrian Walchli, President of Marinsa International.Ken has worked in the Marine Industry extensively over the past…
Hafnia/BW Tankers Create Product Tanker Giant
The merger of BW Tankers with Hafnia Tankers is being operationalized creating one of the world’s largest owners and operators of product tankers.The merged company…
Finalists Revealed for 2019 Offshore Achievement Awards
Finalists for the Offshore Achievement Awards 2019 have been revealed last week.The annual awards, which are hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, give recognition to the best talent, performance and innovation in the offshore energy industry. The award is supported by principal sponsor TAQA.This year’s shortlist recognises exceptional companies, both large and small…
Shipbuilding: NYK, Jera Carrier Named “Shinshu Maru”
Japan’s Kawasaki Heavy Industries (KHI) held a naming ceremony at its Sakaide shipyard for the new liquefied natural gas (LNG) carrier owned jointly by NYK Line…
Deltamarin Wins Design of Titanic II Project
Passenger and cargo shipping company Blue Star Line has contracted Deltamarin to continue with the design of Titanic II. The contract covers activities and tasks for the design process…
Seaspan Corp.Prepays Credit Facility of Eight Vessels
The charter owner and manager of containerships Seaspan Corporation announced that it has prepaid a credit facility which was secured by eight of its vessels.Upon completion of the collateral release
Hyundai Heavy Industries Wins New Orders on Tanker Vessels
Hyundai Heavy Industries Co., Ltd (HHI) announced that it won an order to build two crude carriers from a shipping company based in Europe.The ships would be built…
DSME Bags Order for Two VLCCs
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won orders to build two very large crude carriers (VLCCs).Oman Shipping Company (OSC)…
Oakland Port Cargo Volume Hit All-time High in 2018
The Port of Oakland reported a record-setting 2018 in cargo movement, on account of an expected spike in imports aimed at beating new tariffs on goods shipped from…
Oldendorff Sells Three Vessels in in CSL Pool to Algoma
The dry bulk operator Oldendorff Carriers sold the three remaining self-unloaders still operating in the CSL Pool for US$100.5 million to Algoma Central Corporation.CSL…
Russia Launches First-ever Arctic Satellite
The first Russian satellite for weather forecasting and monitoring climate and environment in the Arctic region, Arktika-M, is planned to be sent to near-earth orbit…
BPER Banca Finances Augustea Navigation
Italian banking group BPER Banca is financing up to USD 8 million to Augustea Navigation to refinance its acquisition of a bulk carrier built in 2010 under an Italian flag.
India Fines Dutch Vessel Owner for Beaching Ship
Dutch ship owner Holland Maas Scheepvaart Beheer II BV has been fined 780.000 EUR and paid a settlement of 2.2 million EUR - totaling to a price tag of almost 3…
IMO Crosses Language Barriers
One of the great strengths of the UN system is its multi-national and multi-cultural nature.As far as possible, UN bodies try to work in their delegates’ own languages…
First Ship Lease Trust Sells Product Tanker
Singapore-listed First Ship Lease Trust (FSL Trust) announced that a wholly-owned subsidiary of the Trust has executed a Memorandum of Agreement to sell its MR product tanker FSL Hamburg to an unaffi
Algoma Central: Refund Given for Cancelled Ship Contract
Algoma Central Corporation (TSX: ALC), a provider of marine transportation services, announced that it has received full refund of all instalment payments made in…
IMO 2020: Oil Refining Capacity to Grow at Record Pace
Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel, the International Energy Agency said.Oil refining capacity will rise by 2.6 million barrels per day (bpd) and demand for refined products by around 1.1 million bpd, the IEA said in a monthly report.It was not clear yet what that meant for margins…
Bahrain's First LNG Terminal Ready for Business
Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's first liquefied natural gas (LNG)…
