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  • 11 July 2014
    Business & Finance

    The Vessel Sharing Agreement (VSA) between MSC and Maersk, announced yesterday, is less worrying for shippers than the planned P3, said the European Shippers’ Council (ESC), representing the freight transport interests (by all modes of transport) of business in Europe. According to ESC,  previous cooperation was more integrated and had huge market share on all […]

  • 2 October 2019

    More gas from Leviathan, less from Tamar.

  • 12 November 2015

    Oil & Gas UK, a body representing offshore oil and gas companies in the UK, has this week published Business Sentiment Index for the third quarter of 2015. According to Oil & Gas UK, the report shows that while the UK oil and gas industry remains very concerned about the future, there has been a […]

  • 30 September 2015
    Business & Finance

    California-based Port of Oakland reported an 8.5% decline in operating income during Fiscal Year 2015 compared to the previous year despite reaching an all-time high operating revenue for the year ended June 30. The port reported USD 336.6 million in revenue for the FY 2015, up 4.2 percent from the previous year. However the increase in operating […]

  • 12 February 2016

    LNG use by Japan’s ten independent regional electric power companies dropped 4 percent in January when compared to the same month in 2015. The power companies consumed 4.99 million mt of liquefied natural gas in December, preliminary data from the Federation of Electric Power Companies of Japan (FEPC) reveals. According to the data, January purchases […]

  • 22 February 2018

    Liquefied natural gas (LNG) use by Japan’s power companies dropped by 4.2 percent in October, as compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows. The power companies consumed 3.94 million tonnes of LNG in October as compared to 4.12 million tonnes in the same […]

  • 11 May 2016

    In 2016, piracy has yet again emerged as one of the key problems seafarers face during their voyages at sea. A particular concern is the ever growing number of kidnappings for ransom against merchant vessels, which has significantly increased in areas off the Niger Delta, with at least 16 of the kidnapping victims so far […]

  • 13 February 2017

    A troublesome outlook for heavy lift vessels within the market for topside and jacket installation, prompted by challenging market in recent years, has led contractors to seek out opportunities in less traditional markets. Two such bright spots are offshore wind and decommissioning, according to Douglas Westwood, an energy intelligence group, which claims that the former is […]

  • 11 April 2015

    The effects of shipping on the environment, reduction of emissions, new political regulations in shipping areas, lifetime improvement of vessels and cutting back fuel prices: all actual topics, discussed in the maritime shipping industry. Eleven companies and institutes from six European countries collaborated in a three-year project that took a closer look at a solution […]

  • 31 January 2011

    Wind electric generating capacity additions declined by nearly half from 2009 to 2010 in the U.S., according to new information released by… (energyonline) [mappress] Source: energyonline, January 31, 2011

  • 4 June 2020
    Human Capital, Market outlooks, Vessels

    The current officer shortfall to crew the global merchant fleet is forecast to widen amid reduced attractiveness of a career at sea, according to the latest report from the global shipping consultancy Drewry. The consultancy estimates that there is a global officer shortage equating to around 2% of overall demand, though presently this is masked […]

  • 7 August 2019
    Business & Finance, Vessels

    Royal IHC handed over the custom-built 2,300m³ trailing suction hopper dredger (TSHD) LESSE to Baggerbedrijf de Boer – Dutch Dredging on Friday, August 2. The vessel, built at IHC’s partner yard MTG Dolphin BV in Bulgaria, is based on the success of IHC-built TSHDs ALBATROS and MAHURY (delivered in 2013 and 2015 respectively). After successful […]

  • 1 August 2019
    Business & Finance, Project & Tenders, Vessels

    The sea trials of the 2,300m³ trailing suction hopper dredger (TSHD) LESSE have been completed successfully, informs Royal IHC. According to the shipbuilder, during the trials, the vessel and its dredging equipment were thoroughly tested in all conditions. The LESSE was built by IHC’s partner yard MTG Dolphin BV in Varna, Bulgaria. She will be […]

  • 12 August 2015

    Liquefied natural gas use by Japan’s ten independent regional electric power companies dropped 7.1 percent in July when compared to the same month in 2014. The companies consumed 4.69 million mt of the chilled gas in July, preliminary data from the Federation of Electric Power Companies of Japan (FEPC) reveals. The 10 utilities purchased 4.68 […]

  • 22 September 2016

    Imports of liquefied natural gas (LNG) by South Korea, the world’s second-largest buyer of the chilled fuel, dropped 7 percent year-on-year in August, according to the customs data. South Korea imported 1.97 million mt of LNG in August, as compared to 2.12 million mt in the corresponding period in 2015. The country paid about US$649 […]

  • 30 October 2018

    Liquefied natural gas (LNG) use by Japan’s power companies declined by 2.1 percent in July when compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows. The power companies consumed 4.82 million tonnes of LNG in July as compared to 4.93 million tonnes recorded in […]

  • 12 February 2016

    The German port of Hamburg has seen a downturn in seaborne container throughput, primarily attributable to lower volumes handled with China, Russia and Poland. In total, handling with these trading partners fell by 800,000 containers (TEU). In 2015, seaborne cargo throughput in the port was 5.4 percent lower at 137.8 million tonnes. Bulk cargo throughput grew […]

  • 28 April 2016
    Business & Finance

    Hong Kong-based container terminal operator COSCO Pacific Limited has seen its profit drop by 25.8 percent to USD 42.9 million, against USD 57.9 million recorded in the same period in 2015. The terminal operator’s revenues for the period decreased to USD 128.6 million, compared to USD 131.6 million a year earlier. However, COSCO Pacific recorded a slight increase of […]

  • 6 August 2018
    Ports & Logistics

    Spain’s imports of liquefied natural gas percent dropped 13.9 percent in July on a yearly basis as pipeline supplies from Algeria rose 40.5 percent, according to the data provided by the LNG terminal operator, Enagás. LNG imports reached some 13.4 terawatt hours (TWh) in July as compared to 15.6 TWh in the same month the […]

  • 1 July 2016

    Paris MoU saw a large decrease in the refusal of access or bans in 2015 – 11 bans compared to 20 in the previous year, according to 2015 Annual Report on Port State Control. The data shows that the detention percentage has remained stable at 3.33 percent. The number of deficiencies has decreased ten percent […]

  • 27 August 2018

    Liquefied natural gas (LNG) use by Japan’s power companies dropped by 0.5 percent in May when compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows. The power companies consumed 3.55 million tonnes of LNG in May as compared to 3.57 million tonnes recorded in […]

  • 11 April 2014

    Norwegian Petroleum Directorate has announced that preliminary production figures for March 2014 indicate an average daily production of about 1 913 000 barrels of oil, NGL and condensate. This is 37 000 barrels per day (about 2 percent) less than in February 2014. Total gas sales were about 10.5 billion Sm3, which is 1.3 GSm3 more […]