Next-Generation LNG Carrier Christened
Mitsubishi Shipbuilding Co., Ltd. held a christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for TRANS PACIFIC SHIPPING 5 LTD., a joint venture of JERA Co., Inc. (JERA) and Mitsui O.S.K. Lines, Ltd. (MOL). The new ship, named Nohshu Maru, is the fourth vessel of the latest model "Sayaringo STaGE" type, featuring significant improvements in both LNG carrying…
Sea States: Documentary on the Shipping Industry to debut in Spring 2019
Sea States, a new documentary film on the importance of the shipping industry is currently under production by Third Wave Films. Endorsed by the Connecticut Maritime Association, and the Marine Industry Foundation, the film is being funded by key stakeholders in the maritime community.Sea States will show how shipping is the life blood of our global economy. Despite the fact 90% of all consumables arrive by ship, the public remains unaware of the value of this hidden, yet massive industry.
Surface Navy Association to Hold Annual Symposium
The Surface Navy Association will hold its 31st National Symposium January 15-17, 2019 at the Crystal City Hyatt Regency Crystal City Hotel in Arlington, Va.The symposium will feature senior Navy leaders delivering keynote remarks, focused on the theme of “Ready, Agile, Focused: Own the Fight!”Featured speakers include Vice Chief of Naval Operations Adm. Bill Moran; Commander, Naval Surface Forces/Commander, Naval Surface Force, U.S. Pacific Fleet Vice Adm. Richard A.
First LNG Shipment Arrives in Gibraltar for New Power Plant
The first liquefied natural gas (LNG) shipment has arrived in Gibraltar for use in the British territory's new LNG-fuelled power station, a government statement…
Exxon Ships Have Not Returned to Disputed Area off Guyana
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday.Guyana, with no history of oil production, has become the focus of intense interest since Exxon announced the discovery of over 5 billion barrels of oil and gas off its shores. That has reignited a century-old territorial dispute with neighboring Venezuela.
PetroVietnam: Maritime Tensions Weigh on Operations
Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year, down 11.45 percent from last year's output, it said in a statement.Vietnam and China have been embroiled in maritime disputes in parts of the busy waterway, where China claims 90 percent of the potentially energy-rich marit
Crew Travel: Safety & Security in Shipping
Despite notable breakthroughs in technology and an overdue increase in conversations regarding safety at sea, the very nature of the marine industry means that risk…
Mergers: Commission to Assess Acquisition of Chantiers de l'Atlantique by Fincantieri
The European Commission has agreed to the request submitted by France and Germany asking it to look at Fincantieri's proposed acquisition of Chantiers de l'Atlantique…
Diesel Futures Project Slowdown in 2019: Kemp
By the end of last year, hedge fund positions in diesel had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession.Most middle distillate fuels such as diesel, gasoil and jet fuel are consumed in freight transport (ships, trucks, railroads and air cargo) as well as manufacturing and mining.Middle distillate consumption and prices are therefore more closely tied to the state of the economy than other refined fuels such as gasoline.
Singapore LNG and YTL PowerSeraya Appoint New CEOs
Singapore-based energy company YTL PowerSeraya and LNG terminal operator Singapore LNG Corp (SLNG) announced that they have appointed new chief executive officers…
Petrofac Secures Brunei Contract
Oilfield services provider Petrofac and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual Engineering Design Services contract to…
Evac Acquires Transvac Systems
The cleantech solution company Evac has acquired the provider of ballast water treatment systems for ships and offshore platforms Transvac Systems.This is another…
ABP, Thor Shipping Sign New Port of Hull Contract
Associated British Ports (ABP) announced a major new agreement which sees Dutch shortsea specialist Thor Shipping & Transport commit 10 years to The Port of Hull.In addition…
Port of Riga Set to Double Number of Cruise Ships
Over almost half a century, the cruise industry has experienced dynamic growth, initially driven by the demand for cruise travels in North America and the recent…
Concor Begins Maiden Coastal Voyage
India has huge potential for enhancing modal share of coastal shipping and inland water navigation. The current share is only 7% unlike countries like China with 24% and Germany 11%.
Shipbuilding: SHI Eyes Fat Order Book in 2019
South Korean shipbuilder Samsung Heavy Industries (SHI) expects to increase orders by almost 24 percent in 2019 compared to last year.According to Yonhap, SHI is…
Oil and Gas Digital Investment Set to Surge
Global oil and gas executives are preparing to accelerate their investment in digital technologies, primarily as they seek to double down on their cost-saving ambitions.An…
UPM to Invest in Montevideo Port Terminal
Finish forest company UPM is taking part in the international public tendering process in the port of Montevideo organized by the National Ports Administration (ANP)…
Hapag-Lloyd Names Rothkopf COO
Hapag-Lloyd has announced that Maximilian Rothkopf is to be its new chief operating officer (COO). He will take over as new COO of Hapag-Lloyd when Anthony J. Firmin…
Polskie LNG Commences Bid for Terminal
Polskie LNG, the owner and operator of the Swinoujscie, Poland LNG terminal has published the contract notice that officially commences the tender procedure with…
