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GTT Records Order for 2 LNG Tankers
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received a new order…
FLEX Acquires LNG Assets from EXMAR
Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd.
Teekay Sells FPSO, Announces Dividend Boost
Teekay Corporation announced today that its board of directors has declared a cash dividend on its common stock of $0.55 per share for the quarter ended June 30, 2015, an increase of approximately 75 percent over the previous cash dividend of $0.31625 per share. The cash dividend is payable on July 31, 2015 to all shareholders of record as at July 17, 2015. Teekay also announced today that it will complete the sale of the Petrojarl Knarr (Knarr) floating production…
Tanker Converted to LNG-electric Propulsion
Bergen Tankers’ 95-meter-long chemical and product tanker Bergen Viking has returned to service following its conversion from diesel-electric to liquefied natural gas (LNG)-electric propulsion. Delivered in 2007, the Rolls-Royce powered vessel supplies diesel and petrol along the Norwegian coastline in trade for Statoil as part of a fleet of six vessels owned by Bergen Tankers AS. Bergen Viking’s retrofit…
Otto Marine Secures $131 mln in New Contracts
Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services…
ICS: U.S. Approach to LNG 'Protectionist'
According to the Internatinal Chamber of Shipping, the United States Congress signaled last week its intention to approve major free trade deals with Asia and Europe.
Brand New Ro-Ro Ran Aground in Norway
Ro-ro cargo vessel Kvitbjørn ran aground off Ulsteinvik port, Norway, in the afternoon June 28, while approaching the port. The vessel, owned by Norway-based Nor Lines…
Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu
Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.
UASC Behemoth Calls at Felixtowe
United Arab Shipping Company's (UASC) newest vessel, the 18,800 teu Barzan, has made its maiden call at the Port of Felixstowe, the Port of Britain. The biggest container ship in the UASC fleet…
Panama Canal Plans LNG Terminal
The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal. The ACP has been…
More than Mega: Diversity Defines the Dredging Industry
The mantra of recent times has been the worldwide trend to ‘mega’. Mega container ships created the need for mega ports which required mega dredging projects. These in turn demand mega dredging vessels. All this is true but disregards another development: the consolidation of the major dredging contractors into larger companies with long-term strategies that have resulted in diversification. Today’s major dredging contractors do more than dredge.
US Backs Study into Panama Canal LNG Terminal
The U.S. Trade and Development Agency informs it has awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal.
Global LNG Prices Hold, Supported by Middle East Demand
Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger…
ICBC Finances EXMAR for FLNG project
EXMAR stated that on June 23rd 2015 under the witness of King Philippe of Belgium and President Xi Jinping, Mr. Jiang Jianqing, Chairman of Board of ICBC and Mr.
BAM Completes LNG Terminal in Aqaba, Jordan
BAM International has completed its €65 million project to construct the Aqaba LNG terminal for Aqaba Development Corp. (ADC). The operating company of Royal BAM…
Gasum, Anthony Veder Pact for a New LNG Carrier
Finnish natural gas importer Gasum and Dutch gas tanker ship-owner Anthony Veder have signed an agreement for a long term time charter of a new ICE Class 1A Super LNG carrier.
China Ocean Shipbuilding Acquires Jiangxi Gas
China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m)…
NASSCO Starts Building 2nd SEA-Vista Tanker
Ceremony signals the start of construction for the second SEA-Vista ECO Tanker to be constructed at the General Dynamics NASSCO shipyard in San Diego. General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, signaled the start of construction for the second of three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista Newbuild III LLC, a subsidiary of SEACOR Holding Inc.
Harvey Gulf Acquires Shipbuilding Assets
Harvey Gulf International Marine (HGIM) is launching a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets, the company announced today. Harvey Shipyard Group is acquiring Gulf Coast Shipyard (Gulfport, Miss.) and Trinity Yachts (New Orleans, La.). HGIM Chairman and CEO Shane J. HGIM said it intends to work with its affiliates to catapult the Gulf Coast Shipyard, which constructed the nation’s first LNG OSVs for the offshore market, in addition to tank and hot oil barges.
Boskalis Secures Dredging Work in Africa
Royal Boskalis Westminster N.V. has been awarded three dredging-related contracts on the African subcontinent with a combined value of approximately EUR 75 million.