Novatek Sells Stake in Arctic LNG
Russia's Novatek said on Friday it had sold a 20 percent stake in its new liquefied natural gas project, Arctic LNG 2, to two Chinese companies on the same terms as a similar deal with France's Total.Novatek announced the sale on Thursday but did not provide financial details.Earlier this year, Total, a shareholder in Novatek itself and its Yamal LNG project, bought a 10 percent stake in Arctic LNG 2 project.
Alfa Laval's DuroShell Heat Exchanger for LNG
Optimized for use as an LNG vaporizer, the robust DuroShell provides higher thermal efficiency than conventional plate-and-shell designs, as well as market-leading fatigue resistance. Thanks to new research into glycol freezing, it can now be used in even more compact and cost-effective installations.“The continued rise in the number of vessels sailing with LNG is one of the most significant trends in today’s marine industry…
Ready for IMO 2020: Damen's Mobile BWTS
In less than five months, the IMO’s Ballast Water Convention will be extended to cover existing vessels as well as new builds. As of September 8, all will be required to comply by the time of their first IOPP certificate renewal following that date.To assist vessel owners in meeting their obligations under the convention while at the same time offering port and harbor authorities a value-added service that they can offer to their clients…
New Jackup Delivered to EnscoRowan
Singapore-based rig builder Keppel FELS announced Friday it has delivered a new jackup rig to EnscoRowan. The US based driller, the product of a recent merger between Ensco and Rowan, has a contract to deploy the rig in the UK North Sea.The harsh environment newbuild ENSCO 123 is constructed to an enhanced version of Keppel’s state-of-the-art KFELS Super A Class design, the builder said. It was ordered…
UNHCR: 21 Venezuelans Missing after Caribbean Capsizing
At least 21 Venezuelans were missing after their boat sank on the way to the Caribbean island nation of Trinidad and Tobago, the U.N. refugee agency said on Friday…
US Oil Sees Growing Reach
Two cargoes of U.S. crude oil have been booked to sail to Australia, trade sources and data companies said, highlighting the increasing global reach of exports from…
Europe Leads in Ocean Energy
European tidal stream installations reached 26.8MW, and wave energy installations 11.3MW in 2018, according to yearly statistics published by Ocean Energy Europe.Europe…
Equipment For Deepwater Berth Delivered at NUTEP
A cargo of handling equipment for NUTEP terminal in the Black Sea port of Novorossiysk was successfully delivered on board M/V Zhen Hua 19 to the Port of Novorossiysk.The…
DFDS Invests in Biofuel Start-up
Danish shipping and logistics company DFDS has decided to invest in startup company Mash Energy ApS to develop a commercially viable biofuel.The Danish ro-ro giant…
IUMI Concerned about Global Marine Underwriting
The increased risk of large, more complex and costly claims has the potential to impact all marine underwriting sectors in 2019, said the International Union of…
Minerva Bunkering Names Tyler Baron as CEO
Minerva Bunkering, formerly Aegean Marine Bunkering Network now a fully-owned subsidiary of Mercuria Energy Group, appointed Tyler Baron as the Chief Executive Officer…
Novatek Sell 20% Stake in Arctic LNG 2 to China
Russian gas producer Novatek said on that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project…
MPC Container Ships Gets Loan
Norwegian shipowner MPC Container Ships, which provides feeder tonnage, has entered into a USD 40 million three-year revolving credit facility agreement.The deal…
RCI Cuts Steel on Fifth Oasis Class Ship
Royal Caribbean International (RCI) has celebrated the start of construction of its fifth Oasis class ship at the Chantiers de l’Atlantique shipyard in Saint-Nazaire…
EU Funding for Polish LNG Terminal Expansion
The Polish government and the Polskie LNG company signed a grant agreement on 24 April for the extension of the Liquefied Natural Gas (LNG) terminal in Świnoujście…
Six New LNG Vessels Join BP Shipping Fleet
BP Shipping, the maritime arm of British headquartered global oil company BP, announced that six new LNG vessels - British Partner, British Achiever, British Contributor…
Saudi Arabia Can Replace Lost Iranian Oil
The decision by the US government not to extend sanctions wavers for eight countries importing crude oil from Iran could remove around 1.1 million b/d from the market.
CMA CGM Launches eSolutions
Global shipping group CMA CGM has launched CMA CGM eSolutions, a digital system which enables its customers to manage the transport of their goods entirely via a…
GasLog Predicts LNG Spot Rate Recovery
GasLog Partners, which owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters, said that the longer-term outlook for natural…
FESCO Optimizes the Rotation
Russian shipping company FESCO Transportation Group announced that as part of the development of FESCO Fast Forward services it is optimizing the rotation and changing…
