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Tianjin Resumes Commodity Port Ops
Oil, gas and iron ore imports resume after disruptions; Strategic oil reserves in the region not affected. Many operations have resumed at China's Tianjin port, trade sources said…
Transit Cancellation Charges at Suez Canal
The Suez Canal Authority has announced that following the completion of the latest development phase, the rules of navigation edition August 2015 are in effect since 13 August.
Otto Marine 2Q Losses Lower
• Marked improvement in performance as losses after tax for 2Q2015 reduced to US$2.5 million from US$13.3 million in 1Q2015. Otto Marine Limited, a leading offshore…
Teekay’s Gas Carrier Fleet Worth $6.9 Billion
Global shipping giant Teekay LNG Partners can count itself as owner of the world’s most expensive fleet of whole gas (LPG and LNG) ships, worth a combined $6.9 billion, according to online ship intelligence and information service VesselsValue.com. In its newest installment to the Most Expensive Fleet Series, VesselsValue compares the value of Teekay LNG Partners’ entire fleet with the prices of other costly items.
GAIL Tenders for LNG Cargoes
GAIL (India) Limited has launched two tenders for up to 17 cargoes of liquefied natural gas (LNG) for delivery in western India reports Reuters quoting trade sources.
Keppel Shipyard Wins FPSO Conversion Contract
Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won. Keppel Offshore & Marine Ltd has secured a Floating…
Kinder Morgan Buys Four Newbuilding Resales
Kinder Morgan, Inc. is expanding its growing fleet of Jones Act product tankers having signed a definitive agreement valued at an all-in price of $568 million with…
IOC LNG Terminal to be Ready by 2018
Indian Oil Corporation (IOC) has begun initial works for setting up the Rs 5,150-crore ($830 million) liquefied natural gas (LNG)terminal at Ennore, Chennai. LNG terminal would be ready by 2018…
$500 mln LNG Terminal in Myanmar's Dawei
Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar…
Simulating Marine Collisions for a Safer Future
Collisions at sea have always been a major risk for seafarers and while the exact numbers of incidents that take place across the globe each year are hard to quantify, the number is significant. The Marine Accident Investigation Branch (MAIB) reports on average six collisions between merchant vessels in British waters every year and for every collision reported to the appropriate authorities there will be many more near-misses that go unreported.
US Sanctions Put Gazprom-Shell Alliance Plans in Jeopardy
Royal Dutch Shell's plans to build a strategic alliance with Russia's Gazprom could be in jeopardy after the United States added one of Gazprom's biggest gas fields…
Honghua Wins Order for 200 LNG Vessels
Honghua Group Ltd. informs it has signed a shipbuilding deal with LNG Power Shipping Ltd. for the construction of 200 eco-friendly inland river ships to be powered by liquefied natural gas (LNG).
Iran-Japan Joint LNG Production
Iran's oil minister invited the Japanese delegation to partner in many areas especially Liquid Natural Gas (LNG) output, reports MNA. The delegation of high-level…
Asian LNG Spot Prices Firm
Asian liquefied natural gas (LNG) spot prices for September delivery were firm this week, supported by supply issues in Nigeria after a pipeline leak, though surplus…
Wärtsilä to Power First Dual-Fuelled Dredger
A new generation "Antigoon" class dredger, called Scheldt River, being built by Royal IHC in the Netherlands on behalf of the Belgium based DEME Group, is to be…
Bechtel to Design America's First FLNG
The first U.S.-based floating liquefied natural gas vessel (FLNGV) moved closer to reality after engineering giant Bechtel agreed to design and engineer the project.
GE Inks Turbine Service Deal for Fastest Commercial Ship
GE Marine announced it will provide Buquebus, Buenos Aires, Argentina, with a customized service agreement for the two GE LM2500 gas turbines aboard the Francisco fast ferry. The 10-year agreement provides for scheduled and unscheduled maintenance for the dual fuel gas turbines that power the world’s fastest commercial ship. “We worked closely with Buquebus to fashion a gas turbine maintenance agreement…
Bechtel Wins Contract for US' First FLNG Facility
Bechtel announced it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corporation, to perform front-end engineering and design…
Totem Inks LNG Conversion Deal with Keppel
Totem Ocean Trailer Express announced that it has signed a contract with Keppel Offshore & Marine Ltd, wholly owned subsidiary Keppel Shipyard Ltd for the conversion…
SKANReg Recruits UK Ship Register's Mazumdar as CEO
After four groundbreaking years as head of the UK Ship Register (UKSR), Debasis Mazumdar is moving on to become CEO of the London-headquartered St Kitts & Nevis International Ship Registry (SKANReg), with a mission to drive further growth for the ambitious ten-year-old Caribbean flag state. He succeeds Nigel Smith in the role from August 10 and will also take over from him as International Registrar after a familiarization period of three months.