India's Imports of Cheap Russian Crude Surge Since Ukraine Invasion
India has received 34 million barrels of discounted Russian oil since Moscow invaded Ukraine on Feb. 24, according to Refinitiv Eikon data, more than trebling the value of total imports from Russia, including other products, compared with the same period of 2021.The volumes of India's seaborne oil imports from Russia exclude CPC Blend oil, which is also exported via Russia's Black Sea port, but mostly…
Tokyo Kisen Co Holds Naming Ceremony for Electric Tug Taiga
Tokyo Kisen Co on May 26 held a naming and launching ceremony of the electric tugboat Taiga, built at Kanagawa Dockyard Co., Ltd in Japan.The Taiga is powered by an electric propulsion system that combines e5Lab-developed large-capacity lithium-ion batteries and a diesel engine."It is an eco-ship designed to protect the environment in areas surrounding the ports of Yokohama and Kawasaki, and also a crew-friendly tugboat…
Norwind Offshore Takes Delivery of Norwind Breeze Vessel
Norwind Offshore, a Norwegian offshore wind-focused vessel owner has taken delivery of its first vessel - the Norwind Breeze - from Vard.The delivery took place Monday at 1 p.m. local time from Vard, Brattvåg, in Norway. Before the conversion, the service operation vessel used to be a platform supply vessel, previously known as MMA Responder.The vessel arrived in Norway in November 2021 where the rebuilding and outfitting process started.The vessel has been equipped with…
Oil Prices Climb above $120 a Barrel ahead of EU Meeting on Russian Oil Ban
Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT. The August Brent contract, which is more active, rose 74 cents, or 0.6%, to $116.30 a barrel.U.S.
Avenir LNG Takes Delivery of LNG Bunker Supply Vessel
Avenir LNG Limited has taken delivery of the Avenir Achievement, the second 20,000 cbm dual-purpose, liquefied natural gas supply and bunkering vessel (LBV) delivered from Nantong CIMC Sinopacific Offshore & Engineering Co. (“SOE”). The Avenir Achievement is the sixth vessel to be delivered into the Avenir fleet.The vessel will be equipped with BOG reliquefication and simultaneous operations (SIMOPs) capabilities…
Poland Could Build Second FSRU Amid Czech, Slovak Interest
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said.Czech Republic and Slovakia are seeking alternatives to cut reliance on Russian supplies. Slovakia's state gas firm SPP struck deals to buy enough piped Norwegian gas and LNG to cover about 65% of its demand until the end of next year.
MOL's Next-gen Coal Carrier Named in Japan
Japanese shipping company Mitsui O.S.K. Lines (MOL) said that a naming ceremony was held Monday for the MOL-operated next-generation coal carrier at Oshima Shipbuilding Co., Ltd. in Japan.The 234.96 meters long vessel, with a deadweight tonnage of 89,999 tons, will serve Hokuriku Electric Power Company. The vessel was named Hokulink by Hokuriku Electric Power President Matsuda. According to MOL, the…
Petrobras Awards $70M Deal to DOF's Brazilian Subsidiaries
Brazilian oil company Petrobras has awarded service contracts to DOF's Brazilian subsidiaries to Norskan Offshore Ltda. and DOF Subsea Serviços Brasil Ltda.The contracts…
Iran Seizes Vessel Carrying Smuggled Fuel, Arrests Crew Members -Tasnim
Iranian authorities have seized a vessel carrying 106,500 liters of smuggled fuel and arrested nine crew members, the semi-official Tasnim news agency reported on Monday."On the orders of the Qeshm Prosecutor, the officers of the marine base, while identifying a vessel carrying 106,500 litres of smuggled fuel, started the process of seizing it," said the chief justice of Hormozgan province.Iran, which…
Ship to Take Metal from Mariupol to Russia; Kyiv Decries Looting
A ship has entered the Ukrainian port of Mariupol for the first time since Russia completed its capture of the city to load metal and ship it east to Russia, TASS news agency reported on Saturday, in a move that Kyiv decried as looting.A spokesperson for the port told TASS that the vessel would be loading 2,700 tonnes of metal before traveling 160 km (100 miles) east to the Russian city of Rostov-on…
