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NYK’s SIMS Wins Special Award
The Ship Information Management System (SIMS) jointly developed by NYK and the Monohakobi Technology Institute has been recognized with a special award from the Japan Institute of Navigation.
Busan LNG Bunkering Terminal by 2020
A new liquefied natural gas (LNG)-bunkering terminal may become operational at South Korea's Busan New Port by 2020. South Korean shipping company Polaris Shipping…
NLNG Bullish on Prospects
The Nigeria Liquefied Natural Gas company (NLNG) has shipped 3,200 liquefied natural gas (LNG) cargoes by Q2 of 2015, since it began international gas exports in 1989…
Expert Panel Set for LNG Marine Fuel Seminar
ECM Training Services, LLC, in conjunction with Galway Group, will hold an interactive training seminar entitled "Pursuing ECA Compliance: Is LNG as a Marine Fuel Viable?" September 22-23, 2015, at Minute Maid Park in Houston. Leading the discussions will be a distinguished group of industry experts who are influence the way LNG is used globally in a marine environment. "ECM Training Services is proud…
MN 100: ABS
Since its founding in 1862, the American Bureau of Shipping (ABS), a New York registered not-for-profit corporation, has been committed to setting standards for safety and excellence as one of the world’s leading classification societies. Today, ABS brings together the latest technical solutions and best-in-class services to meet the growing regulatory, safety and environmental stewardship needs of its members and clients.
Texas LNG’s Brownsville Project Progressing
Texas LNG appoints BNP Paribas as financial adviser for Brownsville LNG project, progresses FERC pre-filing process and completes over 60 percent of front end engineering and Design for facility. Texas LNG Brownsville LLC announced that BNP Paribas has been appointed as financial adviser for the Brownsville project. BNP Paribas will assist Texas LNG in the raising of equity and debt financing for the total capital requirements of the Project…
Survey Underway for Morecambe Bay LNG Project
Seabed survey company Bibby HydroMap have begun survey operations on the proposed LNG project off Morecambe Bay. The work program comprises geophysical, geotechnical and environmental surveying of the proposed pipeline route to shore and will be undertaken using a multi-vessel approach. Bibby HydroMap’s own vessels Chartwell and Eagle will perform the geophysical and environmental scope, acquiring multibeam bathymetry…
Dawei LNG Terminal for Shell
Royal Dutch Shell plc recently entered into an agreement with Thailand-based companies to develop a liquefied natural gas (LNG) terminal at the Dawei special economic…
GAIL to Finalize LNG Deal with Iran
India’s state-run gas utility GAIL has begun talks with Iran to revive a decade-old LNG supply contract with the country, reports PTI. The Business Standard has…
Gladstone LNG to Offer Multiple Commissioning Liftings
Australia's Gladstone liquefied natural gas (LNG) production plant coming on stream in September is expected next week to offer up to six commissioning cargoes for sale between October and December…
Floating LNG Plant Proposed for Saanich Inlet
The Malahat First Nations and Steelhead LNG plan for a floating natural gas liquefaction plant proposed for the waters of the Saanich Inlet. The Mill Bay-based Malahat…
DNV GL: New Class Notation for Gas Bunkering
DNV GL has developed a new class notation for gas bunker vessels that targets safer fuel transfer operations from one ship to another. Until now, the development…
Boskalis Posts Highest Profit
Royal Boskalis Westminster N.V. (Boskalis) achieved a very busy first half year with historically high profit and realized a net profit of EUR 306.5 million in the first half of 2015…
Maritime Security Experts Convene in San Diego
Maritime security experts from federal, state and local jurisdictions are meeting in San Diego this week as part of Maritime Security 2015 West. Attendees from Turkey, Japan, United Arab Emirates, France, U.K., and New Zealand joined participants from across the U.S. and Canada to examine challenges and share solutions. A special tour of the Unified Port of San Diego was conducted to offer a glimpse…
Jensen Develops 2 New LNG Bunker Barge Concepts
Jensen Maritime Consultants, Inc., a naval architecture and marine engineering firm owned by Crowley Maritime Corp., has developed two new liquefied natural gas (LNG) bunker barge concepts. The two new fully customizable concepts aim to offering customers maximum flexibility and improved safety features, the designer said. The first concept involves outfitting an existing barge with an above-deck LNG tank.
ENI to Produce from Arctic Oilfield off Norway in a Few Weeks
Italian energy group ENI plans to start oil production from Norway's first Arctic oil development in a few weeks after years of delays and cost overruns. Production from the Goliat field, estimated to hold about 174 million barrels of oil, was originally expected to start in 2013, and the latest deadline was the end of this summer. "We had some delays due to bad weather, but we are planning to start the production in a few weeks," said Andreas Wulff, the spokesman for ENI in Norway.
GAC Handles First FSRU at Aqaba
As Jordan steps up its LNG imports, GAC was entrusted with handling the first gas carriers to offload at Aqaba. The country has signed a sales and purchase agreement with Shell for the delivery of nearly 17 million cubic meters per day of gas, equal to approximately 25 percent of the National Electric Power Company’s daily needs, signaling an increase in demand for shipping and logistics services to support incoming Liquefied Natural Gas (LNG) carriers.
Challenging Times Ahead for LNG Shipping
LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilizing LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years…
LNG Owners Pool Fleets to Cut Costs
Three of the top liquefied natural gas (LNG) tanker owners have decided to market 14 vessels jointly on a spot charter basis, part of a new pooling arrangement that…
Dynagas, GasLog, Golar LNG Team up to Operate LNG Carrier Pool
Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd today jointly announced having entered into an LNG carrier pooling agreement to market their vessels, which are currently…