At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would make the country the world's largest LNG exporter for years to come.After a dearth of plant approvals last decade
Equatorial Marine Fuel Management Services Pte Ltd rose one spot to become the top marine fuel supplier at world's largest bunkering hub Singapore in 2022, official data showed on Monday.Equatorial overtook PetroChina International Singapore Pte Ltd, who dipped from its top ranking in 2021 to second spot in 2022
The U.S. government on Friday received just a single bid, from Hilcorp Alaska, for oil and gas drilling rights off the coast of Alaska the first federal auction in the region in more than five years.The offer of nearly 1 million acres in the Cook Inlet was among the concessions to the oil and gas sector included in President Joe Biden's signature climate change law
Equinor, a Norwegian oil company, said on Friday that it had recently awarded six offshore vessel contracts to five shipowners. The total value of the contracts, including options, is estimated to be more than NOK 2.5 billion ($235,6 million). The six platform supply vessels will be managed by Simon Møkster Shipping AS (Stril Luna & Stril Mar vessels)
Liebherr Container Cranes completed its first ship to shore lift height increase with their new patented jacking system as part of Liebherr Transform. The operation was conducted under the supervision of Liebherr engineers at Patrick Terminals – Brisbane Autostrad.Patrick Terminals – Brisbane Autostrad located on the eastern coast of Australia is one of the world’s most advanced container
U.S. oil companies are working around a century-old shipping law to supply fuel to the U.S. East Coast, according to data from Refinitiv and oil trading sources, as high demand for gasoline and global disruptions in fuel markets sent prices higher.Traders are increasingly sending unfinished gasoline components from the Gulf Coast to Buckeye Partners LP’s terminal in the Bahamas
Navios Maritime Holdings Inc. on Wednesday announced it has reached a deal to sell its 36-vessel dry bulk fleet to Navios Maritime Partners L.P. approximately $835 million.Navios Holdings, which holds a 10.3% interest in the US publicly listed shipping company Navios Partners, with the sale officially exited direct fleet ownership.
Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022.
Houston, Penn.-based Campbell Transportation Company, Inc. (CTC) on Monday announced it has signed a definitive purchase agreement to acquire the majority of the marine assets owned by NGL Marine, LLC, a subsidiary of Tulsa, Okla.-based NGL Energy Partners LP.The $111.65 million cash deal, which is expected to be finalized by the end of March
Mokena, Ill. based Middle River Marine, LLC announced it has struck a deal to acquire the assets of Chicago's Kindra Lake Towing LP.With the acquisition, Middle River will expand its affreightment, towing, fleeting and terminal services to customers on the Illinois Waterways, including Lake Michigan.
Teekay Corporation announced Vince Lok’s retirement as Teekay’s Executive Vice President and Chief Financial Officer effective January 1, 2023, after nearly 30 years with the company, including the past 16 years as Teekay’s Group CFO.Upon Lok’s retirement, Brody Speers, Vice President, Finance & Treasurer, will be assuming Lok’s responsibilities, along with continuing to oversee Teekay’s Finance
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today announced the 2022 Annual Shipyard Safety Awards. SCA recognized a total of 15 U.S. shipyards and repair facilities with seven recipients receiving multiple awards.SCA honors shipbuilding and repair organizations with the “Excellence in Safety” Award and “Improvement in Safety”