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
Louisiana-based shipbuilder Metal Shark has delivered a custom welded-aluminum pilot boat to the Brazos Pilots Association in Freeport, Texas.The new vessel, “Brazos Pilot,” is a 64’ x 19’ Defiant-class monohull pilot boat designed by Metal Shark and built at the company’s Franklin, Louisiana shipyard.
CMA CGM said on Friday it had finalized an agreement with China Merchants Port Holdings Co. to sell stakes in 10 port terminals to the companies' joint venture.France-based CMA CGM, the world's fourth-largest container shipping company, confirmed the previously announced transaction price of $968 million for the sale of the assets to Terminal Link, in which it owns 51% and China Merchants 49%.
The Boskalis semi-submersible heavy lift ship BOKA Vanguard successfully floated the cruise ship Carnival Vista aboard in order to facilitate repairs at a shipyard in the Bahamas.Royal Boskalis Westminster said in a press release that commencing last Saturday 13 July at sunrise the BOKA Vanguard loaded and lifted cruise ship Carnival Vista in a successful operation a few miles off the coast of
Florida-headquartered Carnival Cruise Line has contracted the Dutch marine engineering company Royal Boskalis Westminster N.V. to lift its cruise ship Carnival Vista out of the water onto the world’s largest heavy lift ship, Boka Vanguard, and transport it to Grand Bahama shipyard for a dry docking operation.
French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets, the firms said. Toshiba will also pay Total $815 million to take over all the contracts linked to the business, Total added.
Kinder Morgan Inc has dropped out of a recently proposed U.S. Gulf Coast deepwater crude export venture, the project's leader Enbridge Inc said on Monday.The $800 million project, known as Texas COLT, is one of eight similar projects proposing facilities that would move U.S. shale to overseas markets by loading supertankers able to carry up to 2 million barrels apiece.
Japanese manufacturer Kawasaki Heavy Industries (KHI) delivered the Shinshu Maru, a 177,000 m3 capacity liquefied natural gas (LNG) transport vessel for use by Trans Pacific Shipping 7 Limited.Trans Pacific Shipping 7 is a joint venture between JERA Co., Inc. and Nippon Yusen Kabushiki Kaisha (NYK Line).
Dallas-based oil and gas company Sentinel Midstream is planning to develop a deepwater crude oil export terminal, located near Freeport, Texas. The completed facility will be capable of fully loading Very Large Crude Carrier (VLCC) vessels.Texas GulfLink will include an onshore terminal with up to 18 million barrels of storage, an offshore 42-in.
Global Liquefied Natural Gas (LNG) production is on the growth trajectory as the global liquefaction capacity is expected to increase from 396 Mt in 2018 to 434 Mt in 2019.According to the energy consulting service company Rystad Energy, most of the new capacity will be added by the commissioning of US projects.
The Hapag-Lloyd containership "Yantian Express", has been burning in international waters off Canada’s east coast since Jan. 3, is now headed for the Port of Freeport in the Bahamas."The container fire that broke out on board the Yantian Express was largely contained and brought under control after one week by immediately launched fire-fighting efforts.
Japan’s Kawasaki Heavy Industries (KHI) held a naming ceremony at its Sakaide shipyard for the new liquefied natural gas (LNG) carrier owned jointly by NYK Line and JERA.The ceremony was attended by Hendrik Gordenker, chairman of JERA Co. Inc.; Yasumi Kudo, chairman of NYK; and a number of related parties.At the ceremony, the ship was named “Shinshu Maru” by Mr.