Höegh LNG of Norway said it has upsized its USD 400 million senior secured credit facility. The company received commitment letters from a group of banks for a USD 400 million senior secured credit facility for the financing of FSRU #3 and FSRU #4. Höegh LNG has entered into a firm agreement for the
This month, the Training Institute for Dredging (TID) commenced an elaborate training program aboard several dredging vessels owned by Huta Marine Works, the leading marine contractor in Saudi Arabia. The program includes staff training and several weeks of intensive on-the-job training for the vess
GasLog said that it has completed the acquisition of three LNG ships from Methane Services (MSL), a unit of BG Group. The company also agreed to acquire an additional three LNG carriers for $468 million from MSL and to charter those ships back to MSL for six-year initial terms on average. “The time
Trinidad and Tobago’s Point Fortin LNG terminal shipped a cargo of liquefied natural gas to Spain on Wednesday, according to shipping data. The cargo is being hauled by the 135,423 cubic-meter Madrid Spirit, and it is due to arrive at the Bilbao LNG terminal on April 20. Atlantic LNG, the operator o
Bestobell Valves, part of the President Engineering Group, said it has received a new contract for cryogenic cargo globe valves from the Hudong Zhonghua shipyard in China. The multimillion dollar contract will see the U.K.-based company manufacturing valves for six 174K LNG Carriers. The LNGC have b
Air Products AS in Kristiansand, Norway received its largest order of PRISM® nitrogen systems for shipboard applications in the last 30 years. The order involves retrofitting 25 LNG vessels by replacing a competitive nitrogen system with a new one that incorporates Air Products’ proprietary PRISM® m
Several numbers of big sized dredge valves have been successfully handed over to Van Oord, a leading contractor in dredging, marine engineering and offshore projects. The dredge valves with inner diameter of 1100 and 1600 mm are going to control the flow of water and sand in the suction and discharg
IHC Merwede successfully increased its order book in 2013 across the main sectors of its business: offshore and dredging. The company received almost € 1.8 billion worth of new orders in the past year. At the end of 2013, the order book was valued at over € 1.7 billion, which is the equivalent of a
The UK’s South Hook liquefied natural gas import terminal is expected to receive a cargo of LNG from Qatar next week, port data shows. The Umm Slal LNG tanker, with a capacity of 266,000 cbm, is due to arrive at the South Hook terminal on April 15. The South Hook terminal can process 15.6 […]
Damen has commissioned the cutter suction dredger “Qing Jiang” in China. This dredger has been delivered to CCCC Tianjin Dredging in 2013. As Damen cutter suction dredgers can be dismounted completely, transport by sea was straightforward. All components were hoisted into the transport vessel at Rot
Höegh LNG said on Tuesday that the naming ceremony for “Höegh Gallant“, the third of the four large size FSRUs that the company has under construction at Hyundai Heavy Industries, took place at HHI’s Ulsan shipyard in South Korea. The company yesterday named the second of the four large and modern F
Petronas has launched the hull of its first floating liquefied natural gas (PFLNG 1) facility at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The facility, scheduled to be completed in Quarter 4 of 2015, will be the world’s first floating LNG facility in operati
Excelerate Energy and the Puerto Rico Electric Power Authority (PREPA) executed the definitive agreements for the procurement, construction and operation of the Aguirre Offshore GasPort terminal. The agreements include the provision of one of Excelerate’s floating storage and regasification units (F
Petrobras recently commenced the removal of the hull of P-66 platform in the Rio Grande Shipyard, Brazil. The operation required dredging to open the gate, which was conducted by LUSCHI. “About 30,000 cubic meters of sediment were dredged in less than 20 days using a hopper dredge and a very powerfu
