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European Gas Prices Fall To 10-Years Low
European natural gas prices reached their lowest in at least a decade, fueled by a battle for market share between Russia, traditionally the continent's supplier…
MOL-JERA LNG Carrier Named Sohshu Maru
Japanese ocean transport company Mitsui O.S.K. Lines (MOL) named the newbuilding LNG carrier Sohshu Maru ordered by Trans Pacific Shipping 8, a joint venture between MOL and JERA Co.…
Meyer Turku Wins Another Royal Caribbean Newbuild Deal
Royal Caribbean Cruises and Meyer Turku shipyard have signed an agreement (*) on the delivery of a third Icon class cruise ship, to be delivered from Turku in the spring of 2025. The previous Icon ships are to be delivered in 2022 and 2024. Icon ships will be approximately 200 000 gross tonnage cruise ships and will be powered by LNG.Meyer Turku has a long-standing history together with Royal Caribbean…
Wärtsilä, Oshima & DNV GL Produce Bulker Design
The technology group Wärtsilä, Japanese ship builder Oshima Shipbuilding, and the classification society DNV GL have delivered the first results of their joint industry development project. At the recent Nor-Shipping exhibition held in Norway, the project partners announced a next-generation 62,000 dwt Ultramax Bulk Carrier design that is optimized according to actual operating profiles, and that will meet coming emissions legislation.
Titan LNG Christens FlexFueler001
Titan LNG held the christening event for the FlexFueler001 in collaboration with the Port of Amsterdam. This event marks the official commencement of safe, efficient and cost-effective inland waterway LNG bunkering in the ARA region.At the event in the Port of Amsterdam a mix of LNG enthusiasts gathered, including customers, business partners, and manufactures of the FlexFueler. Yvonne Brouwer, the…
GTT Wins DSME Order for 4 New LNG Carriers
French liquefied natural gas containment system specialist Gaztransport & Technigaz (GTT) has received an order, in June, from the Korean shipyard Daewoo Shipbuilding…
Mitsui, JOGMEC join Arctic LNG-2
Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s…
Port Canaveral Wins Funding for Response Vessel
New fireboat will provide enhanced firefighting and rescue capabilities for maritime and commercial space. The Canaveral Port Authority will receive $1.5 million in funding from the State of Florida to support the acquisition of a specialized fireboat to provide marine firefighting and rescue capabilities for Port Canaveral and the surrounding communities. Port Canaveral’s Marine Firefighting Rescue…
“K” Line, Taipower, U-Ming, and Kuang Ming Establish JV
Kawasaki Kisen Kaisha, Ltd. ("K” Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding(MOU)in Taipei, Taiwan on July 1. This new joint venture will own both coal and LNG carriers, and operate them for transporting these raw materials to Taipower.
Saga Dawn Gas Trials Success for LNT Marine
LNT Marine has successfully completed gas trials of its novel LNTA-BOX containment system aboard Saga Dawn, a mid-size LNG carrier due for delivery from China Merchants Heavy Industry (Jiangsu) shipyard.Saga LNG Shipping and China Merchants Industry Holdings (CMIH) signed a contract for the 45,000m3-capacity LNG carrier in late 2015, with the yard subsequently entering into a license agreement with…
OSK Designs RoPax Ferry for Onorato
The provider of passenger and freight maritime transportation Onorato Armatori has signed a contract with Guangzhou Shipyard International (GSI) for the order of two plus two RoPax ferries…
Africa Dominates LNG Investments
With LNG greenfield investments expected to reach near $103 billion this year, 2019 is set to shatter previous records for the oil and gas industry, said a report…
AGL Selects Höegh Esperanza FSRU
Norway-based floating liquefied natural gas (LNG) company Höegh LNG announced that its floating storage and regasification unit (FSRU) Höegh Esperanza has been selected…
MOL Works on Environmental Agenda
Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."Shpping…
US LNG plays havoc with Dutch Gas, Asian shipping
Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses.Prices for month-ahead Dutch gas have dropped by two-thirds since their peak last September of just under 30 euros per megawatt hour (MWh).On Friday, Dutch gas for July delivery slumped to 8.95 euros per MWh…
Coralius Completes 1st Bunkering in Rotterdam
Finnish integrated gas company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its first bunkering in the port and refining area of Rotterdam…
Titan LNG Christens FlexFueler001
Netherlands-based service supplier of liquefied natural gas (LNG), Titan LNG has christened its liquefied natural gas bunkering barge, the FlexFueler001, in the…
Shipping Companies: Is Bigger Better?
“If consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ‘commoditized’ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level. As long as bigger is not in fact much better, then meaningful consolidation will not happen.”Dr.
Damen to Build Eco-efficient Tug for Baleària
Damen Shipyards Group has signed a contract with Spain-based major ferry operator Baleària for the delivery of a Stan Tug 1606 E3.The contract was signed by Mr. Ettore Morace and Mr. Guillermo Alomar, executive director of operations and fleet director of Baleària respectively and Carlos Gonzalez Martin on behalf of Damen. The vessel is an answer to increasing demands for sustainability in the maritime industry.
OSK-ShipTech Designs Luxury RoPax Ferry
Onorato Armatori has signed a historical contract with Guangzhou Shipyard International (GSI) for the order of two plus two luxurious RoPax ferries.Danish naval architects OSK-ShipTech have again contributed to a significant Chinese newbuilding project with the design for the luxury ferries constituting the world’s largest ferry order to this day. The contract was just signed at a ceremony in Beijing.