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Fukuoka Shipbuilding Delivers New Chemical Tanker to Fairfield
![(Photo: Fairfield Chemical Carriers)](https://images.marinelink.com/images/maritime/w200h200c/photo-fairfield-chemical-carriers-149911.jpg)
Fairfield Chemical Carriers has taken deliver of its latest vessel, Fairchem Pathfinder, a 26,222 DWT IMO 2/3 chemical tanker built by Japan's Fukuoka Shipbuilding.Fairchem Pathfinder is the first in a series of four LNG-dual fuel sister vessels being built by Fukuoka for Fairfield.The 158.4-meter-long (LOA) stainless steel chemical tanker is classed by NK and registered in the Marshall Islands.U.S.…
McDermott’s Subsidiary Grabs Marsa LNG Job Worth Up To $250M
![© aerial-drone / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/aerialdrone-adobe-stock-149903.jpeg)
CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.Under the contract, awarded by Marsa Liquefied Natural Gas, CB&I will provide turnkey EPC services for a 165,000m3 full…
HD Hyundai Marine Solution Jumps in Seoul Debut
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HD Hyundai Marine shares closed up 97% versus their initial public offering (IPO) price in the company's trading debut on Wednesday, after a 742 billion won ($538 million) IPO, South Korea's largest in two years.The successful listing of the ship maintenance and repair firm, backed by U.S. private equity giant KKR, paves the way for other potential offerings to come to market. Sizeable South Korean…
Last of Six New Tugs Delivered to Svitzer in Brazil
![(Photo: Svitzer)](https://images.marinelink.com/images/maritime/w200h200c/photo-svitzer-149849.jpg)
Marine towage provider Svitzer announced it has taken delivery of the final tug in a series of six built for its operations in Brazil.Built by Brazilian shipyard Rio Maguari, the new vessel Svitzer Babitonga is an Azimuth Stern Drive (ASD) tugboat from the 2300 Rampart Series, designed by Robert Allan Ltd. These sister vessels boast a top speed of 13 knots, an overall length of 23.2 meters, and a bollard pull of 70 tonnes.
Escalated Middle East Conflict Could Hike Oil Price to $150/barrel, Bloomberg Finds
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So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according to a new analysis by Bloomberg Intelligence (BI) and Bloomberg Economics (BE).The new study from BI and BE – Middle East Energy Scenarios – looks in detail at four broad scenarios and their potential impact on global GDP and inflation…
Tanzanian LNG Project Delayed as Government Seeks to Change Terms
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Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said.The government and investors announced last May they had completed negotiations on the long-delayed project to unlock Tanzania's vast offshore gas resources.Equinor and Shell are joint operators while Exxon Mobil…
New EU Sanctions Could Hit Russian Shipping
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The European Union would ban trans-shipment of Russian LNG, the use of EU ports by vessels transporting goods contributing to Russia's war effort and make EU operators more accountable for any sanctions violations, according to a text under discussion.The text seen by Reuters on Monday covers proposals that would constitute a 14th package of sanctions against Russia over its 2022 invasion of Ukraine…
Höegh LNG Strikes Deal to Deploy FSRU Hoegh Galleon in Egypt
![Hoegh Galleon FSRU (Credit: Höegh LNG)](https://images.marinelink.com/images/maritime/w200h200c/hoegh-galleon-fsru-credit-hegh-149778.jpeg)
Norway-based Höegh LNG has made an agreement with Australian Industrial Energy (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the floating storage and regasification unit (FSRU) Hoegh Galleon. The aim of the deployment is to support energy security in Egypt, Höegh LNG said.Hoegh Galleon will be located in Ain Sokhna in Red Sea for a likely period of 19-20 months, after…
April Sees Jump in Methanol-Fueled Tanker Orders
![Source: DNV](https://images.marinelink.com/images/maritime/w200h200c/source-dnv-149761.jpg)
According to the latest figures from DNV’s AFI platform, 23 new orders for alternative fueled vessels were registered in April 2024.A majority of these (12) were for methanol-fueled tankers, a segment where the uptake of alternative fuels has been low up until now.Seven orders were place for LNG-fueled vessels in April, and four ammonia-fueled vessel orders were confirmed. Following a quiet month in March…
Trafigura Orders Four Dual-Fuel Ammonia-Powered Vessels
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Commodities trader Trafigura has placed an order to HD Hyundai Mipo Dockyard for the construction of four Medium Gas Carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel.The vessels will carry LPG or ammonia will be built at HD Hyundai Mipo Dockyard in Ulsan, South Korea.The first ship will be delivered in 2027. Each vessel, when delivered, will be equipped with a dual-fuel low-carbon ammonia engine…
Crowley Reaches Labor Deal for Isla Grande Terminal in Puerto Rico
![(Photo: Crowley)](https://images.marinelink.com/images/maritime/w200h200c/photo-crowley-149718.jpg)
Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers the 200 employees who work at Crowley’s Isla Grande Terminal in San Juan until 2029. Employees there serve as port equipment operators, truck drivers and support…
US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies
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The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.The U.S.
Shaping a Safer and Sustainable Future for Shipping
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Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his key insights on the newly released Engine Room Procedures Guide, Second Edition, by ICS.The shipping industry has embarked on a transformative journey, actively working towards a sustainable future and a safer environment. With a strong commitment to reducing greenhouse gas emissions, the industry is…
US LNG Exports Fall for Fourth Straight Month
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U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday.Recurring mechanical problems have hit Freeport LNG, the second largest U.S. plant by capacity. Last month, the Quintana, Texas, terminal exported five cargoes for a total of 330…
Kongsberg to Supply Hybrid Electrical Systems for Matson's New Box Ships
![(Image: Matson)](https://images.marinelink.com/images/maritime/w200h200c/image-matson-149684.jpg)
Matson Navigation Company’s new liquefied natural gas (LNG)-powered containerships will feature a comprehensive range of integrated technologies from Kongsberg Maritime to optimize energy use and reduce emissions.The Norwegian company announced Tuesday that it will supply hybrid electrical systems, controlled and operated by its Energy Management System, for a series of three 3,600 TEU vessels that are being built by Philly Shipyard for the U.S.-based shipowner.
QatarEnergy Places $6B Order for 18 LNG Vessels to China’s CSSC
![(Credit: QatarEnergy)](https://images.marinelink.com/images/maritime/w200h200c/credit-qatarenergy-149627.jpg)
QatarEnergy has signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels, marking a significant addition to its LNG fleet expansion program.The new vessels, with a capacity of 271,000 cubic meters each, will be constructed at China’s Hudong-Zhonghua Shipyard, a CSSC wholly-owned subsidiary, and will feature state of the art…
Avenir LNG Orders Two LNG Bunker and Supply Vessels from Chinese Shipyard
![© vladsv / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/vladsv-adobe-stock-149545.jpeg)
UK-based small-scale liquefied natural gas (LNG) supplier Avenir LNG has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering in China, a subsidiary of CIMC Enric, for two new LNG bunker and supply vessels.The two 20,000 cbm LNG bunker and supply vessels are scheduled to be delivered in the fourth quarter of 2026 and the first quarter of 2027.The newbuildings will feature new Type C tank designs…
MOL and Gaz-System Sing Long-Term FSRU Charter for New Polish LNG Terminal
![(Credit: MOL)](https://images.marinelink.com/images/maritime/w200h200c/credit-mol-149544.jpg)
Mitsui O.S.K. Lines (MOL) has signed a long-term time charter party agreement for one floating storage and regasification unit (FSRU) with the Polish gas transmission system operator Gaz-System, which is the developer and operator behind the future LNG terminal.The FSRU will be constructed by HD Hyundai Heavy Industries shipyard and is expected to be completed in 2027. Thereafter, the FSRU will be…
Energy Transition: LNG Prices Plummet, Dual-fuel LNG Newbuilds Rise
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Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet. Prices of LNG delivered as marine fuel at the world's largest bunker hub Singapore are at steep discounts of nearly $100 per metric ton compared with conventional 0.5% very low sulphur fuel oil (VLSFO), industry sources report.That is a far cry from record premiums of more than $1…
Simulators Track our Changing Relationship with Technology
![Kongsberg Digital has integrated NORBIT’s oil spill detection system with its K-Pos DP system for simulation-based training of offshore professionals at Equinor.
Image courtesy Kongsberg Digital](https://images.marinelink.com/images/maritime/w200h200c/ongsberg-digital-has-integrated-norbits-149517.jpg)
Simulation-based training has its whole-of-ship/whole-of-team scenarios, but zooming in, the industry is now working on more specific targets.We have a close relationship with technology, evidenced by, for example, the phones we are estimated to unlock around 50-80 times a day. It has changed us. Half the people surveyed in a 2022 King’s College London study said that they feel like their attention span is shorter than it used to be.
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
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Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
![](https://images.marinelink.com/images/storage/w150h150c/662036de.jpg)
Digitalization Driving Safety in the Maritime Sector
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Designer seeks permit to send out United States gas to Mexico for LNG exports
![](https://images.marinelink.com/images/storage/w150h150c/roundex-adobe-stock-149830.jpeg)
Video: LNG Carrier Transits the Northern Sea Route
![](https://images.marinelink.com/images/storage/w150h150c/eduard-toll-northern-sea-route-passage-1.jpg)
Crowley Christens LNG-Powered ConRo
![](https://images.marinelink.com/images/storage/w150h150c/0x4a1012-bhdisplay.jpg)
Pasha Hawaii Brings LNG Containerships Online
![](https://images.marinelink.com/images/storage/w150h150c/nicksouzahnl1.jpg)
LNG Investment Set to Grow
![](https://images.marinelink.com/images/storage/w150h150c/jim.png)
Maritime Reporter TV Interviews Leif Gross, Caterpillar
![](https://images.marinelink.com/images/storage/w150h150c/74b84e3d.jpg)
Inside Crowley's Commitment Class ConRo Ships
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