Golar LNG, owner and operator of LNG carriers and FSRUs, together with its affiliates Keppel Shipyard and Black and Veatch, has entered into a deal to sell equity interests in Golar Hilli LLC to Golar LNG Partners. Upon closing of the deal, which is subject to meeting of certain conditions, Golar LN
The International Association of Dredging Companies (IADC) has just revealed another nominee for its Safety Award 2017 – Royal IHC’s 4 Points of Attention Plan. To improve daily safety operations on its shipyards, Royal IHC tasked a multi-disciplinary team of representatives from senior and operatio
The ongoing consolidation of container carriers through acquisitions and alliances continues to exert pressure on terminal operators, according to APM Terminals. Namely, following the formation of THE and Ocean Alliance Maersk’s terminal operator lost some liner services, denting the company’s under
Tanker market earnings in the third quarter of 2017 are encountering difficulties, but peaking fleet growth and increased tonne-miles could see spot rates stabilize and time charter rates improve, Maritime Strategies International said. The quarter is proving vexatious for owners still struggling wi
Niche carriers have both outperformed and vastly underperformed the top 16 carriers, with a high degree of volatility in schedule reliability, according to SeaIntel Maritime Analysis. “If on-time performance is a priority, niche carriers offer better rewards, but with higher risks.” The top 16 carri
World container trade appears to be back on track after two lean years, right on time for carriers that are taking delivery of big new ships, according to shipping consultancy Drewry. The recovery resulted in an upgrade to Drewry’s annual outlook for 2017, while more recent data suggests that the ou
One of today’s biggest societal challenges is the transition towards a 100 per cent renewable energy supply globally. Marine energy could play a vital role in achieving this ambitious goal. This is showcased during the Offshore Energy Exhibition & Conference 2017 at the DMEC Marine Energy Pavilion a
Seafaring has been described as a vital support mechanism for the global economy by the International Maritime Organization (IMO) ahead of the Day of the Seafarer marked last July. However, seafarers across the globe still face various challenges when they venture out to sea ranging from poor commun
The Ghana Ports and Harbours Authority (GPHA) has signed a concession agreement with compatriot firm IbisTek for the development and operation of an integrated container and multi-purpose terminal at the Port of Takoradi. The concession term is 25 years, according to GPHA. The move is said to be par
TuNur Limited has filed its request for authorization with the Tunisian Ministry of Energy, Mines and Renewable Energy for a 4.5 GW solar export project. A newly established solar complex in the Sahara Desert in Southwest Tunisia, near Réjim Maâtoug (Kébili Governorate) would supply the European mar
Canadian Overseas Petroleum Limited (COPL), an international oil and gas company focused on offshore West Africa, has been in talks over raising funds for the appraisal project at OPL 226 off Nigeria. COPL said in its second quarter results presentation on Thursday that the company continued to sour
REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria.
