Drewry Cuts Global Port Throughput Forecast
Drewry Shipping Consultants has revealed that it now expects global port throughput to rise by 2.6% in 2019, down from the previous 3.0% expectation.The mood-music…
Flaring Runs Higher in Permian
Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according to Rystad Energy’s preliminary…
Transborders Signs up MOL on FLNG Solution
Perth-based company Transborders Energy has entered a Joint Study Agreement (JSA) to work with Japan's Mitsui OSK Lines (MOL) to together continue the development…
FERC Approves Plaquemines LNG Facility
The US Federal Energy Regulatory Commission has approved the construction of Venture Global's proposed $8.5 billion Plaquemines liquefied natural gas export facility in Louisiana.
Iran Approves 8 New Offshore Projects
Ports and Maritime Organization (PMO) of Iran has announced the approval of the Marine Structures Licensing Committee with the extension and licensing of operation…
Deepwater Port Posorja 1st Phase Opened
The $538 million first phase of the new Deepwater Port of Posorja in Ecuador by global trade enabler, DP World, is now completed and successfully operational.The…
ShipServ Signs Pact with AMOS Group
ShipServ, the marine eProcurement platform for ship operators, announced it is set to deliver a full supplier integration solution for AMOS Group Ltd, the SGX-listed…
NAT Bullish on Tanker Market
Bermuda-headquartered Nordic American Tankers (NAT) said that its tanker segment is on upswing mode following he strong market improvement for its Suezmax tankers."However…
K Line to Promote AI in Shipping Industry
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has partnered with Hiroshima University, the National Institute of Maritime, Port and Aviation Technology…
India to Use Bangladeshi Ports
India can now use two crucial Bangladesh ports - Chattogram and Mongla - for shipment of its cargo, which will cut time and cost significantly, India's shipping…
Carbon Capture and Storage Under Seabed
Carbon capture and storage under the seabed is recognized as one tool in climate change mitigation. An International Maritime Organization (IMO) treaty, the London Protocol…
MetalCraft Delivers New Fireboat to Kuwait
MetalCraft Marine (MCM), an aluminum boat manufacturer located in Kingston, Ontario, has delivered their 18th NFPA Type III Fireboat in 14 years.In 2015 the Kuwait…
Admiralty Cuts Steel for 3rd RFC Trawler
The Admiralty Shipyard in St Petersburg has begun cutting steel for the third in the series of trawlers being built for the Russian Fishery Company, with this vessel’s…
Occidental Tentatively Fixes VLCC for Record $13.25 mln to Asia
Occidental Petroleum Corp provisionally chartered a supertanker to ship U.S. crude to South Korea for a new record of $13.25 million in November, three shipping…
W. Africa Crude-Buyers Wary as Freight Rates Weigh
Sellers returned to the window on Monday to entice buyers spooked by high freight rates due to Washington's sanctions on subsidiaries of a major Chinese shipping firm at the end of September.Long-haul rates to Asia have risen sharply prompting refiners to shed some cargoes.China's Unipec offered four cargoes in the window for a third session all November loading on a fob basis. These were Angolan Saturno at dated Brent plus 35 cents…
GE Marine Turbines Power USS CINCINNATI
GE Marine’s LM2500 gas turbines now power the Littoral Combat Ship (LCS) USS CINCINNATI (LCS 20), which was commissioned into the United States Navy’s fleet on October 5 in Gulfport, Mississippi. “GE’s skilled and diverse workforce built the LM2500 marine gas turbines used to power this sophisticated surface combatant at GE Aviation’s manufacturing facility in Evendale, Ohio, a few minutes-drive from downtown Cincinnati…
Bawat A/S Raises New Capital
The Danish company Bawat A/S, specializing in the treatment of ballast water aboard ships and in ports, has just finalized the provision of capital equal to more than $2.94m from new and existing shareholders.The new shareholders include Selfinvest Family Office as a key stakeholder, and previous TORM CEO and current SKULD chairman Klaus Kjærulff. Former Sondex owner Åge Søndergaard of SonFlow A/S joins the new shareholders.
Westug Live with AI-assisted Dispatch
Perth-based Harbor towage operator, Westug Pty Ltd (Westug) has announced their successful start with the OptiPort AI-assisted Dispatch system in its new Port Hedland operation to ensure long-term, efficient and sustainable towage services in the port on behalf of KOTUG for Fortescue Metals Group (Fortescue). The announcement was made alongside the official start of Westug’s towage operations in the…
Nakilat Acquires Four Q-Flex LNG Carriers
Nakilat has acquired the full ownership of four Q-Flex liquefied natural gas (LNG) carriers from its joint-venture partner International Seaways, following execution of a sale and purchase agreement for the acquisition of the remaining 49.9% ownership interest in these vessels from INSW. This brings the total number of vessels wholly-owned by Nakilat from 25 to 29 LNG vessels, out of its overall fleet of 74 LNG and liquefied petroleum gas (LPG) vessels.With a cargo carrying capacity of 217…
Nobiskrug Inks contract for 100m Superyacht
German shipbuilder Nobiskrug has announced the order receipt for a 100m plus superyacht.Renowned for taking on challenging projects within the yachting industry, like “Sailing Yacht A” and M/Y ARTEFACT, Nobiskrug continues to push the boundaries of engineering and innovation with the newly signed 100m plus superyacht project.The announcement reinforces Nobiskrug’s position as an ideal shipyard for advanced newbuilds.
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