Sempra LNG, Aramco Sign Deal
North American energy infrastructure company Sempra Energy and Saudi Aramco's Aramco Services Company, signed an Interim Project Participation Agreement for the…
Flex LNG Launches New LNG Carrier
Norway-based player in LNG Shipping with a focus on LNG Carriers and FSRUs (Floating Storage Regasification Units) Flex LNG has launched the 173,400m³ Flex Resolute…
Kuwait Signs 15-yr LNG Gas Deal with Qatar
State-owned Kuwait Petroleum Corp signed a 15-year agreement with Qatar Petroleum to import three million tonnes of liquefied natural gas (LNG) each year starting…
Gazprom Neft Completes Okhotsk Survey
Russian oil and gas exploration company Gazprom Neft has completed ecological monitoring of grey whale populations at the Ayashsky license block, offshore from Sakhalin Island…
KHI Delivers Bulk Carrier Amis Treasure
Japanese shipbuilder Kawasaki Heavy Industries Ltd. announced that it delivered the bulk carrier Amis Treasure, with a capacity of 61,000 DWT for Trobrian Wisdom…
Signal, Heidmar Join Forces on Tanker Fleet
Greek commercial ship management company Signal Maritime Services and tanker vessel trader Heidmar join forces to deliver commercial management to the global tanker…
P&O Ferrymasters Expands in Turkey
European providers of transportation and logistics services P&O Ferrymasters has announced plans to open five new offices across Turkey over the next two years as…
MISC Wins $245M Contract in Brazil
Malaysia International Shipping Corporation Berhad (MISC) said that its unit AET Tanker Holdings Sdn Bhd has secured long term contracts for three Suezmax class…
MARAD Awards Marine Highways Grants
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday announced more than $7.5 million in grants to nine Marine Highway projects. The funding, provided by MARAD’s America’s Marine Highway Program, will go toward enhancing existing services in Florida, South Carolina, Kentucky, Louisiana, Michigan, Oregon, Texas, Virginia, and Washington“This $7.5 million investment will improve our country’s vital fuel-efficient waterway transportation system…
Manson Wins $8.4M Dredging Contract
Manson Construction Co., Seattle, Washington, was awarded an $8,396,000 firm-fixed-price contract for dredging of the Mississippi River. Bids were solicited via the internet with two received.
IMO 2020: U.S. Restricts the Use of Certain Fuels in Scrubber Vessels
With the January 1 implementation of IMO 2020, which requires dramatic reductions in the sulfur content of emissions from ocean-going vessels, the United States government issued a new rule that it asserts actually facilitates the distribution of compliant fuel.The US Environmental Protection Agency asserts that it is taking steps to allow for the distribution of distillate fuel with sulfur content of up to 5,000 ppm sulfur—something that it asserts was previously prohibited.
Tankers Flock to US as Freight Rates Surge
A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of surging shipping rates, according to…
ClassNK Amends Rules and Guidance
Japanese classification society ClassNK has released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships on December 27, 2019.Some of the requirements amended are as follows:In response to feedback from damage investigations;- Amendment related to the Welding for Cross-joints subject to High Stress, Towing Winch Emergency Release Systems, and Arrangement, Connection and Protection, etc.
SMS Completes Dredger Refit
UK ship repairer SMS Southampton said it has completed a dredger refit in the port of Southampton for Tarmac Marine.Work on the 1997-built City of Chichester was completed in a dedicated, controlled berth alongside at Williams Shipping’s berths in Southampton. SMS took ownership of the site, to include permits-to-work and site security, as well as the program of repair works.The program included the feeder hopper refurbishment (completed in SMS’s nearby workshops)…
ShipServ Appoints Hyldahn as CEO
ShipServ has appointed Henrik Hyldahn as its new CEO, effective January 1, 2020. Hyldahn was previously ShipServ’s Chief Solutions Officer. He replaces CEO Kim Skaarup, who will join the company's board as Vice ChairmanAs new CEO, Hyldahn will prioritize driving further collaboration with customers and partners, as well as seizing the opportunity to capitalize on the significant advancements in digitalization within the maritime industry.
Baltic Index Falls to 8-Month Low
The Baltic Exchange's main sea freight index fell to its lowest level since April on Monday, weighed down by weaker vessel demand across all segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 63 points, or 6.9%, to 844 points, its lowest level since April 23.* The capesize index fell 119 points, or 7.9% to 1,388 - its lowest since May 10.* Average daily earnings for capesizes…
NORDEN Sells a Handymax, Buys 2 MR Tankers
Denmark-based NORDEN announced Monday it has sold a Handysize tanker, which was delivered to her new owners in late November 2019, and it purchased two medium range (MR) tankers, which were delivered in end-December 2019.NORDEN, which said it expects a continued strong market well into 2020 as refineries increase production to deliver the compliant fuels necessary for the IMO 2020 global sulphur regulation…
Suez Canal Revenues Rose in 2019
Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday.The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by 5% compared with 2019, it added.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.(Reporting by Omar Fahmy
Royston Overhauls Aoka Mizu FPSO Power Systems
Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu.The diesel power specialist said its team of engineers undertook the 6,000-hour service on the MAN 32/40 STX diesel generator B on board the 88,000 dwt floater as part of a planned refurbishment and refit of essential power systems.Work on the vessel…
Egypt Reopens Two Mediterranean Ports
Egypt on Saturday reopened the harbors of two of its Mediterranean ports, Alexandria and Dekheila, which had been shut due to bad weather, the Alexandria Port Authority said.The harbors were shut on Friday due to high waves and wind speeds, preventing ships from entering or leaving the ports, though loading and unloading within the ports was continuing normally, the authority said in a statement.The port authorities on Saturday ordered moored ships to enter the harbors according to their mooring
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