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LNG Powered ConRo Ship Delivered to Crowley
U.S. based Crowley Maritime Corp. has taken delivery of one of the worldâs first combination container/roll on-roll off (ConRo) ships powered by liquefied natural gas (LNG), from shipbuilder VT Halter Marine Inc. The Jones Act compliant El Coquí is the first of two Commitment Class, LNG-powered ConRo ships being built for Crowleyâs shipping and logistics services between Jacksonville, Fla., and San JuanâŠ
S.Korea LNG Imports Set to Ease from Record
South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's imports of the commodity jumped nearly 16 percent year-on-year to a record 22.7 million tonnes in the first six months of 2018, according to customs data in mid-JulyâŠ
First of Six New LNG Carriers Delivered to BP
BP Shipping has taken delivery of British Partner, the first of a half dozen new 173,400 cubic meter capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea.BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, says the six new Partnership class ships will increase its ability to transport LNG in emerging new marketsâŠ
Novatek Ships First LNG Cargo to China via Arctic
Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal.Novatek said a ceremonyâŠ
Japan's LNG Imports Slide to Lowest Since May 2016
Japanese imports of liquefied natural gas (LNG) in June fell to the lowest in more than two years as the country's utilities switched on more nuclear reactors that had been shut in the wake of the Fukushima atomic disaster in 2011.Japan has six reactors operating and three others have passed safety inspections and could be operating by October, allowing utilities to switch away from LNG. Spot prices for the fuel rose to three-and-a-half-year high in June.JapanâŠ
Singapore, Rotterdam to Strengthen Cooperation
The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on cooperation in InformationâŠ
MODEC Secures FPSO FEED Contract
MODEC, Inc. subsidiary MODEC International Inc. has been awarded a contract by ConocoPhillips Australia, as operator of the Barossa joint venture, for the FrontâŠ
CMA CGM Selects BIO-SEA BWMS for 17 Containerships
CMA CGM, one of the worldâs largest container carriers with a fleet of 454 vessels, has contracted France-based BIO-UV Group to supply its BIO-SEA ballast water treatment systems to 17 containerships, including newbuilds and retrofits.Nine liquefied natural gas (LNG) fueled 22,000TEU vessels currently under construction at Chinaâs CSTC Shipyard will each be fitted-out with two 3,000m3/h capacity BIO-SEA B 10-1500 FX unitsâŠ
The Jones Act is Good for Puerto Rico -Report
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before, in the immediate aftermath of and in the months that followed the hurricaneâŠ
For the Global LNG Industry, is the FSRU Honeymoon Over?
A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal.ButâŠ
Spanish LNG Cargoes Set for Export from Gas Terminals
The following table lists liquefied natural gas (LNG) cargoes set to be loaded on tankers for onward export.Spain is Europe's most diversified gas importer and has the continent's biggest LNG import capacity spread across its six terminals, sourcing LNG from Qatar, Nigeria, Trinidad, Algeria and other producers.Imported cargoes are stored in tanks located at terminals, where the LNG can either be regasified and pumped into the local grid or loaded on to new tankers for export.PortLoading window
GTT Awarded LNG Tank Design Contract
GTT has received a new order from the Korean shipyard Hyundai Samho Heavy Industries (HSHI), concerning the tank design of two liquefied natural gas (LNG) carriers of 174âŠ
Container Ship âAfifâ Named in London Gateway
It took British Maritime Minister Nusrat Ghani just one go to activate the mechanism that sent a big champagne bottle crashing against the massive sidewall of the âAfifâ.
ABS to Class FSRU for Turkey's BOTAS
Classification society ABS said it was selected to class a floating storage and regasification unit (FSRU) for Turkeyâs oil and gas pipeline operator BOTAS.âAs demandâŠ
Golar LNG Partners Completes Sale of Golar Hilli
Golar LNG Partners have completed the acquisition of 50 percent equity in FLNG Hilli Episeyo located offshore Kribi in Cameroon, from Golar LNG, Keppel and Black and Veatch.
Total Closes USD 1.5 bln Acquisition of Engie's Upstream LNG Business
Total announces the closing of the acquisition of Engieâs portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5 billion.
TUI Cruises Orders Two LNG Newbuilds
TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises has placed an order with Italian shipbuilder Fincantieri to build a pair of new-generation cruise ships to be powered by liquefied natural gas (LNG).The new 161,000 gross ton vessels will be built at the Monfalcone shipyard and delivered in 2024 and in 2026. Including the new pair, the cruise lineâs Mein Schiff fleet will grow to nine ships by 2026.âThese will be the largest ships ever built in ItalyâŠ
Shippingâs Half Year Report: Extra Classes Needed?
With the industry hoping for better âgradesâ after the âeffortâ of recent years, this weekâs Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week). After comments of âmust do betterâ and âshowing potentialâ in recent years, do the statistics suggest âextra classesâ will again be needed over the summer holidays?Progress But No Time To Relax!Our ClarkSea Index (comprising tankersâŠ
GTT Bags LNG Carrier Tank Design Order
GTT has received a new order from South Korean shipbuilder Samsung Heavy Industries (SHI) concerning the tank design of a new 174,000 m3 liquefied natural gas (LNG) carrierâŠ
Nakilat Grows Profits 9%
Nakilat announced its financial results for the first half of the year ended June 30, 2018, with the company achieving a net profit of QR 445 million compared to QR 409 million during the same period in 2017, an increase of 9 percent.The company observed positive developments despite the challenging market conditions in the maritime sector over the past year. Nakilat continued to pursue its long-termâŠ