Market in Focus: Gas Ships
Infrastructure continues to expand, and pricing incentives will continue to shift as the market matures. The LNG markets look like they may resemble the clean product tanker market in several years, which is highly arbitrage driven. We look to see an increased number of portfolio players working the spot market, which will drive the commoditization of the space and enable further demand.The total ton-mile demand for LNG carriers has increased over the past several years.
USCG MSC issues BWMS Type Approval to Cathelco
The Marine Safety Center issued the 20th Coast Guard Ballast Water Management System Type Approval Certificate to Cathelco Ltd, after a detailed review of the manufacturer’s…
Europe's First Inland-Waterway LNG Bunker Vessel
Shell said that Europe’s first inland-waterway LNG bunker vessel has carried out its first bunkering operations, providing fuel for the Containerships Polar and…
Colombo Delivers Cable-Laying Vessel
Sri Lanka's Colombo Dockyard PLC (CDPLC) delivered its biggest and most sophisticated vessel, the submarine cable-laying ship KDDI Cable Infinity built for Japan's…
Jacobs Bags Saudi Shipyard Contract
American international technical professional services firm Jacobs will deliver design engineering services for what will be the largest shipyard on the Arabian…
RAL Designs New Tugs for Ocean Group
Canadian naval architectural firm Robert Allan (RAL) announced they have been awarded the contract from Ocean Industries to design a new generation of Ship Handling…
Italian JV GMC Acquires Zouros
Greek-Euro Towage Maritime Company (GMC), a joint venture company operated by Italian tug owners Rimorchiatori Mediterranei, Fratelli Neri and Rimorchiatori Laziali…
Shearwater Wins Tyra Shoot
The geoservices company Shearwater GeoServices announced it has been awarded a 4D seismic survey by Total to be conducted this summer offshore Denmark.The survey…
Vestas, GE Settle U.S. Patent Dispute
Vestas Wind Systems A/S and GE Renewable Energy have settled all disputes related to multiple claims of patent infringement, said a joint announcement."The settlement…
IPC Begins Drilling Program in Malaysia
The oil and gas exploration and production company International Petroleum Corporation (IPC) has commenced drilling the first well in a planned multi-well drilling program on Block PM307…
ASPA Names Clark as Deputy Director
The Alabama State Port Authority (ASPA) announced that maritime executive Richard T. Clark will be its new deputy director.James K. Lyons, director and chief executive…
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