The formation and re-formation of larger carrier alliances along with the increase in average and largest ship sizes are turning up the heat on ports and terminals which might result in diminishing returns, according to UK-based consultancy Drewry. Ports are not immune to the volatility of the marke
The new advanced cable installation vessel, Maersk Connector, has arrived to North East England to start a long-term charter with the Darlington-based DeepOcean. The vessel will be used for the mobilisation of specialist cable handling equipment for projects in the offshore renewables and subsea int
Houston-based LNG player Cheniere on Friday said it has closed the US$2.8 billion credit facilities revealed at the end of January.
P&O Maritime crew will try today to move the grounded icebreaker Aurora Australis off the rocks at West Arm in Horseshoe Harbour using the ship’s ballast system and work boats, according to the latest update from the Australian Antarctic Division. The decision to attempt to refloat the ship was made
Italian oil company Eni on Friday posted a fourth-quarter loss and reported that the company’s oil and gas output rose to its highest level in the last five years. Eni on Friday posted a net loss of €8.46 billion ($9.3B) in 4Q 2015, compared to a €2.4 billion ($2.6B) loss in the year-before quarter.
The United States has tabled a draft UN Security Council resolution, backed by China, that, if adopted, would impose stronger set of sanctions against North Korea. The proposal comes in response to North Korea’s recent nuclear test and missile launch. Moreover, the initiative for stronger sanctions
Russia’s Novatek, the operator of the giant Yamal LNG project, said its profit doubled to 74.4 billion roubles ($992 million) in 2015. The company’s profit rose mainly due to increase in liquids sales and a rise in rouble gas prices, Novatek said in a statement on Friday. Revenues for the year of 2
Greece has entered preliminary negotiations with Iran over potential supply of liquefied natural gas to cover domestic demand, country’s energy minister Panos Skourletis said.
A Panamanian-flagged Capesize bulk carrier identified as New Katerina ran aground yesterday in the Suez Canal having lost steering gear. GAC Egypt confirmed to World Maritime News that the stricken ship remains aground today as well. As disclosed, the incident has caused delays in convoy movements,
The Douglas Channel LNG Consortium, led by Canadian AltaGas, said on Thursday it will halt further development of its floating LNG export project in British Columbia due to unfavourable market conditions. The consortium, which includes Japan’s Idemitsu, EDF Trading of France and Exmar of Belgium, ha
The Offshore Terminal Bremerhaven (OTB) has entered into a new construction phase with teams on board four ships looking for and clearing ordnance and other disruptive materials from the Weser’s riverbed. The teams have cleared 25 suspicious items this week alone, but no weapons or ammunition thus f
CT Offshore today installed the last inter-array cable on DONG Energy’s Gode Wind 1+2 Offshore Wind Farm in the German part of the North Sea. “Gode Wind is the largest project to date for CT Offshore and it is a great achievement that our project team and offshore crew have now completed the install
CT Offshore today installed the last inter-array cable on DONG Energy’s Gode Wind 1+2 Offshore Wind Farm in the German part of the North Sea. “Gode Wind is the largest project to date for CT Offshore and it is a great achievement that our project team and offshore crew have now completed the install
The Port of Rotterdam has posted a short video of the recently upgraded wind turbine installation vessel Brave Tern performing a full height jacket test. Fred. Olsen Windcarrier, the owner of the vessel, contracted the Rotterdam yard of Franklin Offshore Europe to extend the Brave Tern’s legs by 14m
