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Trafigura Names Richard Holtum CEO
Richard Holtum will take over as chief executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday.Holtum will take over the helm at a time when trading firms are set to see reduced profits following windfall years after the COVID-19 pandemic, while sharp equity growth in recent years will also mean hefty expenses in paying out departing shareholders.Holtum becomes the group's third ever CEO after around 10 years at the company.
North Pole of Inaccessibility Reached by Cruise Ship
Ponantâs Le Commandant Charcot became the first cruise ship to reach the North Pole of Inaccessibility on September 12.The North Pole of Inaccessibility is the point on the Arctic Ocean that is furthest from land. First described in 1909 by the Russian polar explorer Alexander Koltchak, the exact geographic coordinates were established in 2013 by Jim McNeill with the help of NASA and satellites: 85°48â North, 176°09â East.
Dutch See Rise in Russian LNG Imports, Urge Further Sanctions
Imports of liquefied natural gas (LNG) from Russia at the Netherlands' main terminal in Rotterdam have risen in recent months, underlining the need for further sanctions, the Dutch government said on Monday.Imports of Russian LNG at the GATE terminal in Europe's largest sea port have increased in the third quarter, as the average number of Russian carriers that arrived there doubled to two per monthâŠ
ABS Grants Approval for Wison's New FLNG Design
A new design for a 268-meter floating liquefied natural gas (FLNG) facility from Wison New Energies received approval in principle (AIP) from classification society ABS.The unit is designed to perform offshore and at-shore with an expected production capacity of 1.2 million tonnes per annum (mtpa). ABS completed design reviews based on class and statutory requirements.âABS offers world-class engineeringâŠ
GTT Lands Tank Design Order for Six Ultra Large Ethane Carriers
French engineering company GTT has received an order from its partner Jiangnan Shipyard (Group) for the tank design of six Ultra Large Ethane Carriers (ULEC), on behalf of ship-owner Eastern Pacific Shipping.GTT will design the tanks of these unique ULEC, which will each offer a capacity of 150,000 m3, the largest ever to be built for ethane transport.The tanks will be fitted with the Mark III membrane containment system developed by GTT.
Pertamina's Shipping Unit to Double Tanker Fleet in Next 10 Years
The shipping unit of Indonesia's state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit's CEO Yoki Firnandi told the Gastech conference in Houston on Thursday.The expansion, aimed at reducing the average age of the company's fleet, is set to include investment in vessels to transport liquefied natural gas (LNG).Indonesia is a major producer and exporter of LNG.
Gulf LNG Tugs Orders Four New Vessels to Serve Port Arthur LNG Export Facility
Gulf LNG Tugs of Port Arthur on Thursday announced it has placed orders for four new escort tugs to serve the Port Arthur LNG export facility in Texas. Two will be constructed by Master Boat Builders in Coden, Ala., and two by Sterling Shipyard in Port Neches, Texas. Gulf LNG Tugsâa joint venture comprised of Bay-Houston Towing, Moran Towing Corporation and Suderman & Young Towing Companyâsaid the new high horsepowerâŠ
Wärtsilä to Convert Engines on Chevronâs LNG Carriers to Cut Methane Emissions
Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions are intended to reduce greenhouse gas emissions by lowering methane slip in support of Chevron Shippingâs broader efforts to reduce the carbon intensity ofâŠ
Furetank Names Björn Stignor CEO
Swedish family-owned shipping company Furetank is making a shift in management, where Björn Stignor steps into the CEO position from an international career in the Stena sphere. Former CEO Lars Höglund continues as chairman of the board, focusing on Furetankâs expansive newbuilding programme and other engagements in shipping industry and policy.Lars Höglund has a career of 50 years in shipping. During his almost three decades of leadershipâŠ
Baltic Seaâs First Green Freight Corridor Opens
The Baltic Sea's irst green freight corridor has been launched, allowing for the transportation of Felix ketchup to Finland with a 90% reduction in emissions. This initiative, a collaboration between Orkla Suomi, Scandic Trans, and Viking Line, features a scheduled freight service powered by biofuel.Since July, Felix ketchup, produced by the Orkla Group in Fågelmara, has been shipped to Finland using biofuels.
KR Approves Design of SHIâs 9,300 TEU Ammonia-Fueled Container Ship
KR (Korean Register) has awarded an Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for its 9,300 TEU ammonia-fueled container ship.The development of the 9,300 TEU ammonia-fueled container vessel marks a key step in advancing ammonia fueled propulsion technology, according to KR.SHI has developed an entirely new structural layout and the vesselâs design which includes specialized fuel tanksâŠ
Bulk Carrier Scrapping Plummets 42%
âBetween January and August 2024, the number of recycled ships has dropped 42% y/y, the second lowest level in 16 years. The market has seen high freight rates and strong demand, delaying the recycling of older ships. On the supply side, the fleet has continued to grow slowly, limiting fleet renewal,â says Filipe Gouveia, Shipping Analyst at BIMCO.So far this year, only 45 ships have been recycled, adding up to 2.5 million deadweight tonnes (DWT) or 0.2% of the fleet.
Golar Takes FID for MK II FLNG
Golar LNG signed an agreement with CIMC Raffles for a MK II Floating LNG Production (FLNG) vessel with an annual liquefaction capacity of 3.5 million tons of LNG per annum (mtpa).Black & Veatch will provide its licensed PRICO® technology, perform detailed engineering and process design, specify and procure topside equipment and provide commissioning support for the FLNG topsides and liquefaction processâŠ
DNV Grants Approval for Onboard Carbon Capture and Storage System Retrofit Design
HD Hyundai Marine Solution, HD Hyundai Engineering & Technology, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), and Hyundai Heavy Industries Power Systems have obtained Approval in Principle (AIP) from DNV for their design of an onboard carbon capture and storage (OCCS) system for retrofits.The retrofit design is applicable to a wide range of vessels, and DNV's AIP confirms that the OCCS technologyâŠ
ABS and HD KSOE Partner to to Advance Zero-carbon Ships
ABS and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) signed a memorandum of understanding (MOU) to advance the development and certification of innovative systems for next-generation, zero-carbon ships.Entitled âCooperation on the Advanced Zero-Carbon Ships,â the MOU focuses on integrating advanced technologies in three main areas: a novel liquefied natural gas (LNG) cargo handling systemâŠ
Höegh LNG Rebrands as Höegh Evi
Marine energy infrastructure solutions company Höegh LNG announced it has rebranded as Höegh Evi in a move that reflects its expansion beyond liquefied natural gas (LNG) vessels and terminals.Standing for âenergy vector infrastructure,â the name Evi encompass a wider range of clean energy solutions, including floating infrastructure for ammonia and hydrogen, as well as carbon transport and storage (CCS)âŠ
Loadings Picking up at Russia's Arctic LNG 2
The fifth cargo of liquefied natural gas (LNG) from Russia's Arctic LNG 2 has been picked up by a vessel managed by a company under U.S. sanctions, according to ship tracking data.The Arctic LNG 2 project by Russia's Novatek is also subject to Western sanctions over Russia's war with Ukraine. Novatek has said media allegations the company was involved in establishing and managing a "shadow fleet" for the Arctic LNG 2 project were untrue.On Sept.
US Offshore Oil Production Reawakens in Wake of Hurricane Francine
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region's output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers.Hurricane Francine shut in up to 42% of the region's offshore oil and 53% of its natural gas production. The storm missed Texas and came ashore in Louisiana late on TuesdayâŠ
Gas Supply Deal Signed for Galveston LNG Bunker Port
Galveston LNG Bunker Port (GLBP) announced a gas supply agreement (GSA) with Energy Transferâs Houston Pipeline Company (HPL), in a new milestone for the development of the regionâs first dedicated liquefied natural gas (LNG) bunker terminal.The newly signed agreement outlines the terms for the supply of natural gas and the construction of additional pipeline facilities needed for efficient delivery to the GLBP facility on Shoal Point in Texas City, Texas.
MOL and Chevron to Install Wind-Assisted Propulsion System on LNG Carrier
Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company, a subsidiary of oil and gas giant Chevron, have signed an agreement to install Wind Challenger to a newbuild LNG carrier, which will become worldâs first LNG carrier equipped with wind-assisted propulsions system.The is under long term charter from MOL Encean to Chevron Asia Pacific Shipping, and is currently under construction at the Geoje Shipyard of Hanwha OceanâŠ
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
Digitalization Driving Safety in the Maritime Sector
Video: LNG Carrier Transits the Northern Sea Route
Designer seeks permit to send out United States gas to Mexico for LNG exports
Crowley Christens LNG-Powered ConRo
Pasha Hawaii Brings LNG Containerships Online
Inside Crowley's Commitment Class ConRo Ships
Enhancing Gas Carrier Reporting and Reducing Crew Burden with ABS Wavesight Nautical Systemsâą Voyage Manager
Maritime Reporter TV Interviews Leif Gross, Caterpillar
