The current order book for bulk carriers stands at 60.4 million DWT, which is the lowest in 13 years, based on the data from BIMCO shipowners’ association. Despite the market turmoil stemming from hectic activity in the sales and purchase market, the ordering activity remained subdued for some time.
Liquefied natural gas (LNG) use by Japan’s power companies decreased 7.7 percent in May year-on-year, the preliminary data from the Ministry of Economy, Trade and Industry shows. The power companies consumed 3.57 million mt of LNG in May as compared to 3.87 million mt in the same month last year. Wh
Eleven crew members have been evacuated from a sinking cargo ship, identified as Hong-Tai 176, while underway in the waters of Hong Kong as tropical cyclone Pakhar battered the area. The vessel sent a distress call while en route some 64 nautical miles east of Hong Kong on Sunday morning, August 27,
US liquefied natural gas (LNG) export player Cheniere Energy said the company’s Corpus Christy export project site on the U.S. Gulf Coast sustained minor damage from Hurricane Harvey.
Oslo-listed Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, is building its market presence as it awaits the delivery of six liquefied natural gas carriers set for deliveries over the next two years. Flex LNG currently has six M-ty
The Maritime and Port Authority of Singapore will lead a working group with Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT), aiming to promote LNG bunkering in Asia.
Teekay on Friday, August 25 held a triple naming ceremony for its three new shuttle tankers at the Samsung Heavy Industries shipyard in South Korea. Teekay’s newest shuttle tankers, Beothuk Spirit, Norse Spirit and Dorset Spirit, were officially christened and named in honor of the people who first
Nexans informed that it has started the construction of a new cable-laying vessel for submarine HV cable systems installation. “The construction of this new cable-laying vessel is a fundamental milestone in our commitment to cleaner energy,“ said Arnaud Poupart-Lafarge, Nexans CEO. “For many decades
Nexans has announced the start of construction of a new cable-laying vessel for submarine high voltage (HV) cable systems installation. Being built by Uljanik Group, a Croatia-based shipyard, the high capacity Nexans vessel is designed for worldwide installation of large volumes of HVDC and HVAC cab
Australia Pacific LNG said the final test relating to project financing completion agreements for the two liquefaction train at its export plant on Curtis Island have been satisfied.
Heavy lift vessel Stanislav Yudin has installed more than three quarters of the foundation piles on the 588MW Beatrice wind farm off Scotland, Beatrice Offshore Windfarm Ltd (BOWL), reports.
BW Offshore informed that the FPSO BW Catcher has left Keppel Shipyard in Singapore and is currently in transit to the Catcher field in the central North Sea. BW Catcher is expected to reach UK waters early in the fourth quarter, depending on prevailing weather conditions. Upon the arrival, BW Catch
AGL Energy, the company looking to build an LNG at Crib Point in the Australia’s state of Victoria has agreed to sell its North Queensland gas assets to a consortium of Shandong Order Gas and Orient Energy.
The most popular articles of the week August 21 – 27, 2017.
