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Police Guard LNG Ports as Germany Fast-tracks Critical Infrastructure Law
Germany has ordered police to guard LNG terminals under construction and increased aerial supervision of its rail network as it prepares a law to bolster the protection of critical infrastructure, its interior minister told Reuters.Suspected sabotage on the German rail network and on the Baltic Sea gas pipelines linking Germany and Russia in recent weeks have raised concerns about the country's exposure…
Nippon Yusen to Invest in Pertamina's Shipping Unit
Japan's Nippon Yusen said on Wednesday it will invest in Pertamina International Shipping (PIS), a unit of Indonesia's state energy firm Pertamina, without disclosing terms of the deal. ,The move by Japan's biggest shipping company is aimed at expanding business in Indonesia, where energy and energy transportation demand are expected to increase in tandem with the country's economic growth, a spokesperson for Nippon Yusen said. Nippon Yusen plans to complete the deal by the end of 2022.
Himalaya Shipping Secures Time Charters for Four More Ships
Himalaya Shipping on Monday announced it has entered into time charter agreements for four dry bulk vessels with Koch Shipping Pte Ltd.The bulk carrier newbuilds will commence a 24-month time charter with an evergreen structure upon delivery from China's New Times Shipyard in the second and third quarter of 2023, with certain options to roll two charters to 2024.Himalaya Shipping said the vessels will earn an index linked rate…
Cruise Industry Making Headway Toward Net Zero
The global cruise industry continues to make progress as it works to achieve its goal of net-zero carbon cruising by 2050, though the need for development and deployment of sustainable marine fuels remains.The 2022 Global Cruise Industry Environmental Technologies and Practices Report from trade group Cruise Lines International Association (CLIA) reveals an increasing number of vessels launching over…
50-meter Section Missing from Damaged Nord Stream Pipeline
Damage to the Nord Stream gas pipeline from Russia to Europe was caused by powerful explosions, Danish police said on Tuesday, echoing earlier findings into leaks that erupted in the network under the Baltic Sea and that have been blamed on sabotage.In what a Swedish newspaper described as the first publicly released footage of damage to the system, film from a private drone appeared to show a gaping rupture in one pipe.
Dozens of LNG Carriers Queue off Europe's Coasts Unable to Unload
Dozens of ships carrying liquefied natural gas (LNG) are circling off the coasts of Spain and other European countries unable to secure slots to unload because plants that convert the seaborne fuel back to gas are full.Europe is facing an energy supply squeeze as Russia has progressively cut gas flows after the West imposed sanctions in response to the Ukraine war.The region has had to find alternative supplies…
US Grants LNG Shipping Waiver for Puerto Rico after Hurricane
The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico's urgent need for liquefied natural gas (LNG) after Hurricane Fiona. The Homeland Security Department (DHS) issued a waiver of the Jones Act, a century-old law that requires goods moved between U.S. ports to be carried by U.S.-flagged ships "to address Puerto Rico’s needs as recovery efforts from Hurricane Fiona continue," the department said.
Furetank to Sell Two Dual-fuel Tankers to Neste
Furetank Rederi AB said it has signed an agreement to sell two 17,999 dwt dual-fuel product tankers Fure Valö and Fure Ven to the Finnish company Neste, a producer of sustainable aviation fuel and renewable diesel. The vessels will be delivered in October and December 2023, when the first of the seven new-buildings already ordered by Furetank and partners are scheduled to be delivered from the shipyard…
Titan to Build World’s Largest Biomethane Liquefaction Plant
Titan has unveiled plans to build and operate a liquified biomethane plant in the Port of Amsterdam allowing supply to ships and trucks.The production project for 200,000 tonnes of LBM per year is said to be the world's largest.BioValue, one of the largest biogas suppliers in the Netherlands, has been contracted for the exclusive off-take of all on-site produced biogas, and Linde Engineering has signed…
CMI Inks Licensing Deal with GTT for Membrane Technologies
French engineering firm GTT said it has signed a technical assistance and license agreement with China Merchants Heavy Industries-Jiangsu (CMHI-Jiangsu), a subsidiary of shipbuilding group China Merchants Industry Holdings (CMI), enabling the yard to construct vessels using GTT membrane technologies.GTT and China Merchant Industry Holdings have been cooperating for a decade, with a first Technical Service Agreement signed in 2013 for the maintenance and repair of LNGCs.
Finland to Host joint Finnish-Estonian LNG Import Vessel
A Finnish-Estonian liquefied natural gas (LNG) import vessel will be based in Finland's Inkoo port from the start later this year, the two countries said in a joint statement on Monday.The Finnish and Estonian governments in April decided they would replace lost Russian gas imports by together renting an LNG terminal and later opted to charter the vessel from U.S based Excelerate Energy for 10 years.Two sites have been developed for the vessel, one in Paldiski in Estonia and the other at Inkoo i
Shippers Focus on LNG, Biofuels, Methanol to Meet Emissions Targets
Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering as they seek to cut emissions from ship operations, senior executives said this week.The shipping industry is seeking to reduce its reliance on oil as it tries to meet carbon emission reduction targets set out by the U.N.'s International Maritime…
Nord Stream Gas 'Sabotage': Who's Being Blamed and Why?
Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage.Here is what we know and what has been said so far:WHO IS BEING BLAMED?As probes by European authorities continue, the Swedish security police said on Thursday that suspicions of gross sabotage on the pipelines had been strengthened following a crime scene investigation.
TotalEnergies, BW LNG Partner with Nautilus Labs
TotalEnergies, signatory of the Sea Cargo Charter in 2020, identified the need for a better monitoring system that also allows to report and optimize GHG emissions for its LNG fleet. Reporting on emissions was a tedious, manual time-consuming process that was prone to error, and left little room for optimization. BW, the owner and operator of some LNG vessels chartered by the energy major, was at the…
Mitsui OSK Signs Charter With New Russian Operator of Sakhalin-2 LNG project
Japan's Mitsui OSK Lines (MOL) said on Wednesday it had signed a long-term charter contract with the new Russian operator of the Sakhalin-2 liquefied natural gas…
German Police See State Actor Role in Nord Stream Blasts as Probable - Spiegel
Germany's BKA federal police assumes explosions in the Nord Stream pipelines last week were "a targeted act of sabotage" and said it is probable that state actors were involved, the Spiegel weekly reported, citing a letter to industry representatives. The BKA said in the letter that it did not yet have any findings about who was behind the sabotage but "against the background of the high complexity of the execution of the act and corresponding preparation…
QatarEnergy to Be the Largest LNG Trader Over Next 5-10 years - Minister
QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Wednesday that his company will become the world's largest trader of liquefied natural gas (LNG) over the next 5-10 years, a position that is currently held by Shell. Following Russia's invasion of Ukraine, Europe in particular has become a prime market for the seaborne fuel, where massive amounts are being bought to help replace Russian…
GTT Tank Design for Seven New LNG Carriers
French engineering firm GTT said Tuesday it had received, in the third quarter, an order from the Korean shipyard Hyundai Heavy Industries for the tank design of seven new LNG carriers.The LNG carriers will be built for an Asian ship owner.As part of this order, GTT will design the tanks of the vessels, which will offer a cargo capacity of 174,000 m3 each and will be fitted with the Mark III Flex membrane containment system…
Putin Ally Compares Nord Stream Sabotage to CIA-backed Attacks of 1980s
One of President Vladimir Putin's top allies said on Wednesday that the sabotage of the Nord Stream offshore gas pipelines resembled the U.S. Central Intelligence Agency-backed attacks on oil infrastructure in Nicaragua in 1983.Nord Stream 1 and Nord Stream 2 offshore gas pipelines, which run from Russia to Germany on the bed of the Baltic Sea, were ruptured last month in what Moscow said was an act…
Brassavola LNG Bunker Vessel Named in Singapore
TotalEnergies Marine Fuels has moved closer to starting its LNG bunkering services in Singapore, following a ship naming ceremony of the Brassavola LNG bunker vessel that was held at Sembcorp Marine’s Tuas Boulevard Yard on Tuesday.Measuring 116.5m in length and 22m in width with a capacity of 12,000m3, the ship will be the largest LNG bunker vessel for use in service in the Port of Singapore. The Brassavola is scheduled to be operational in the first quarter of 2023.