Brexit could provide the United Kingdom with new economic freedom if the country exits the EU Customs Union, a new report by UK’s Centre for Policy Studies (CPS) says. The report, entitled The Free Ports Opportunity, calls on the country’s government to take the opportunity to create Free Ports acro
Jamaica could become a hub for the purchase and redistribution of LNG in the region, according to the country’s minister of science, energy and technology, Andrew Wheatley.
Southampton’s Marine Robotics Innovation Centre at the National Oceanography Centre (NOC) is this week celebrating its one year anniversary by hosting a week of marine technology events. Opened in November last year, by Jo Johnson, minister of state for universities and science, the centre now has 1
Nippon Export and Investment Insurance said it will provide insurance for LNG Japan Corporation’s debt guarantees for the Tangguh LNG expansion project in Indonesia.
By Amanda Cooper LONDON (Reuters) – Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted st
Global oil major Shell has reportedly hired a bank to review its Norwegian assets, which could possibly lead to Shell exiting the Scandinavian country. According to the article by The Times, the company has assigned Rothschild bank to review the “$3bn Norwegian business.” The Times wrote on Sunday t
Seaway Heavy Lifting (SHL) has appointed GAC UK to provide shipping services support during the construction and installation of foundations, inter-array cables and offshore substations at the 588MW Beatrice offshore wind farm. SHL, the engineering, procurement, construction and installation (EPCI)
Production at the first liquefaction train of Chevron’s giant Gorgon LNG facility on Barrow Island in Western Australia has restarted. “Production on Gorgon LNG Train 1 was temporarily halted for minor maintenance last week. LNG production has resumed safely, ” a Chevron spokesman said in an emailed
In December 2014, the Finnish Meriaura Group entered into a contract with Dutch shipyard Royal Bodewes for the construction of two 4,700 dwt VG EcoCoasterTM general cargo vessels. The delivery of both vessels was scheduled for autumn 2016: first Eeva VG, and, approximately three months later, the se
Enhanced Government support and following through on Budget promises are needed if UK industry is to cash in on multi-billion-pound decommissioning projects in the North Sea, Pinsent Masons, a UK law firm says. In a statement on Monday, the company said that Scottish ports were also at risk of losin
Australia’s monthly LNG exports for the month of October reached the value of A$1.75 billion (Approx. US$1.32 billion) beating the previous record of A$1.72 billion set in January 2015, according to a report by energy analyst, EnergyQuest.
By Obbe van der Meer, Sales Engineer at HK International Jiangsu Haixin Heavy Industries Shipyard (JHHI) is finishing the construction of their biggest Cutter Suction Dredger (CSD) until now. With an impressive total capacity of 6.500 m³/h this unique vessel requires the biggest and strongest high e
Members of the European Parliament have urged Europe to include shipping emissions in the 2030 emissions reduction target through a maritime climate fund, in response to the decision by International Maritime Organization (IMO) to prolong any decision on a global agreement to cut emissions from ship
Increased investment in the offshore wind sector could spur demand for specialist vessels, according to Clarksons Research. Bigger turbines and wind farms to be built in deeper waters are likely to drive a need for new, larger wind turbine installation vessels (WTIVs), after investment in WTIVs reac
