Following the decision by the International Maritime Organization to approve the implementation of the 0.5 percent cap on the sulphur content of marine fuel in 2020, SEALNG coalition expects a rise of investment across the shipping value chain.
Luxembourg-based short sea roll-on/roll-off (RoRo) shipping company Compagnie Luxembourgeoise d’Navigation (CLdN) has introduced a new freight service between Gothenburg, Sweden, and Rotterdam, the Netherlands. The company’s vessels will depart twice weekly from Logent Ports and Terminals at the Por
Operator of liquefied natural gas (LNG) carriers GasLog Partners LP has finalized the acquisition of the 155,000 cubic meter LNG carrier GasLog Seattle. The company purchased 100% of the shares in the entity that owns and charters GasLog Seattle from GasLog Ltd. for an aggregate purchase price of US
Antwerp-based tanker owner and operator Euronav NV has reached an agreement to buy out its 50% joint venture partner for full control of the 2005-built Very Large Crude Carrier (VLCC) V.K. Eddie. Euronav will buy the 305,261 dwt vessel from the joint venture company Oak Maritime (Canada) Inc. at a p
Sweden-based independent oil company Lundin Petroleum returned to profit during the third quarter this year after achieving a record high production that gave its revenues a boost. Lundin’s profit for this year’s third quarter was $173.8 million, including a net foreign exchange gain of $135.8 milli
GasLog Partners, the master limited partnership formed by GasLog, said it has completed the acquisition of the 155,000-cbm LNG carrier GasLog Seattle from the partnership’s sponsor.
KOBELCO Construction Machinery USA, a crawler excavator manufacturer, has just introduced its enhanced SK500LC-10 model. This excavator delivers a bucket digging force of 57,500-lbs and achieves 10% increase in work volume. Equipped with an increased torque setting, the SK500 supplies 11% more diggi
Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 438 million in the third quarter of 2016, down from USD 778 million seen in the same period a year earlier, negatively impacted by lower container freight rates. Maersk’s underlying profit for the quarter was at USD 426 m
Pacific Radiance has secured a long term charter contract in Mexico, worth USD 73 million including options. Under the multi-year contract, the company’s maintenance work boat (MWB) will be deployed to perform platform maintenance, diving and subsea maintenance, as well as offshore construction work
Venture Global LNG named the former chief operating officer of Cameron LNG, John Brian O’Leary, as senior vice president of operations of the company.
The Louisiana Coastal Protection and Restoration Authority (CPRA) has been awarded two grants totaling approximately $7.5 million from the Gulf Coast Ecosystem Restoration Council for engineering and design of the Golden Triangle Marsh Creation ($3.2M) project and the Biloxi Marsh Living Shoreline (
Norway-based Höegh LNG said its FSRU Höegh Grace arrived in Cartagena, Colombia on Tuesday, November 1.
North Atlantic Drilling Ltd (NADL) has been awarded a contract from Total E&P UK for the semi-submersible drilling rig West Phoenix. NADL reported on Wednesday that the contract is for 90 days and the rig will operate in the United Kingdom, West of Shetland. The total backlog for the contract is est
Offshore safety regulator, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), has canceled two Exploration Licenses (ELs) 1127 and 1128, both held in full by Black Spruce Exploration, due to non-compliance with the terms and conditions of the license agreement. C-NLOPB said on
