Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock, was on fire in waters between Gulf Arab states and Iran after an explosion that a source blamed on a magnetic mine.
Mitsubishi Shipbuilding held a christening ceremony on February 21 for the next-generation LNG (liquefied natural gas) carrier currently under construction for Mitsui & Co., Ltd.The new ship, named Marvel Crane, is a design that significantly improves both LNG carrying capacity and fuel performance due to the adoption of efficient hull structure and hybrid propulsion system.
Liquefied natural gas (LNG) is expected to have increased by 9%, from 288 million tonnes per annum (mtpa) in 2017 to 313 mtpa in 2018, said GasLog.The Monaco-based owner, operator and manager of LNG carriers said in a stock exchange announcement that China’s LNG imports increased by approximately 16 mtpa, or 41%, to 54 mtpa in 2018
Recent research from Woodmac makes some fairly bold and insightful predictions on the future of maritime fuel as the clock ticks toward 2020 and new fuel rules from the IMO that will dramatically reduce the level of sulfur emissions from ships.* Research firm Woodmac sees a rise in the use on ships of "scrubbers", the equipment to clean up sulfur emissions
Late 2018 saw the tanker market bubble upwards through late November, with daily vessel hires moving in the direction of, though not yet reaching levels not seen since late 2014-2015, when oil prices were in freefall and inventories building to the brim. A few pundits have suggested that we are seeing a “mini 2014” where lowered oil prices are coaxing another inventory build which would drive
Dutch authorities will hold Swiss shipping line MSC liable for the cost of cleaning up debris from more than 270 cargo containers that fell off one of its vessels and washed up on shore, officials said on Friday.The Dutch coastguard said a criminal investigation had been launched by prosecutors into the incident, one of the largest of its kind off the coast of the Netherlands.
Sempra Energy said on Friday the $10 billion Cameron liquefied natural gas export terminal in Louisiana had shipped its first cargo, making the plant the fourth big LNG export terminal to enter service in the United States.Mitsui & Co Ltd, one of the partners in the Cameron project, chartered the tanker, Marvel Crane, to pick up the commissioning cargo.
McDermott International, provider of technology, engineering and construction solutions to the energy industry, and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan, announced that Train 1 of the Cameron LNG project in Louisiana has reached the final commissioning stage.
The Isle of Man Department for Enterprise has announced the appointment of Cameron Mitchell as the next Director of the Isle of Man Ship Registry. He will start his post from 1st April 2019.Cameron has a strong history in the shipping industry working with leading operators Maersk, Geest Line and Farstad Shipping for over 10 years as an engineer.
The FarSounder-1000 Forward Looking Sonar (FLS), has been selected by the OceanX exploration team to help provide safe passage for Alucia2, its new 85.3m research and exploration yacht. Admarel BV, a member of the Alewijnse Group, is the FarSounder dealer in the Netherlands instrumental in securing this sale.
Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas.
Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed long-term contracts with Diamond Gas International Pte. Ltd. (DGI), a wholly owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers.