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  • 7 January 2016
    Business & Finance

    Newly-established product tanker company Navig8 Product Tankers Inc said that it has taken delivery of two newly constructed product tankers. One LR2 115,000dwt product tanker, named Navig8 Stability was delivered by Korean builder Sungdong Shipbuilding & Marine Engineering Co, Ltd. The second vessel is an LR1 74,000dwt product tanker, named Navig8 Excelsior, which was also […]

  • 6 November 2018

    US-based LNG equipment maker, Air Products on Tuesday reported lower fiscal fourth-quarter net income than in the same period a year ago. Net income decreased 4 percent from the comparable quarter a year ago to $452.9 million. Earnings per share were $2.05, down 5 percent. These results were affected by an income tax provision in place of […]

  • 27 October 2017

    Despite somewhat increased activity in terms of new orders in the product tanker sector in the first nine months of 2017, the orderbook remains at historically low levels, as disclosed by Capital Product Partners L.P. in a market commentary. The MR product tanker orderbook currently stands at 7.2% of the fleet, the lowest level on record. In addition, […]

  • 29 January 2019
    Business & Finance

    Oil and gas commissioning company Magma Products has appointed a new managing director.

  • 5 December 2017
    Business & Finance, Equipment, Research & Development

    St. Petersburg hosted today a meeting of the Inter-Agency Working Group on reducing dependence of Russia’s fuel and energy complex on imported products involving representatives of Gazprom. The meeting was chaired by Denis Manturov, Minister of Industry and Trade of the Russian Federation. Gazprom was represented at the event by Vitaly Markelov, Deputy Chairman of […]

  • 7 December 2018

    The Organization of Petroleum Exporting Countries has struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices.

  • 12 September 2017

    US-based LNG equipment maker, Air Products has signed an agreement to form a $1.3 billion joint venture with Lu’An Clean Energy Company. The new JV, to be called Air Products Lu’an (Changzhi) Co., Ltd., will expand Air Products’ scope of supply serving Lu’An Mining (Group) Co., Ltd.’s syngas-to-liquids production in Changzhi City, Shanxi Province, China. […]

  • 31 October 2016
    Business & Finance

    Greek shipping company Capital Product Partners has purchased the 50,000 dwt eco-type MR product tanker Amor from its sponsor, Capital Maritime & Trading Corp. (Capital Maritime). The 2015-built tanker, constructed by South Korea’s Samsung Heavy Industries, was acquired for a total consideration of USD 32.8 million on October 24. Featuring a length of 183 meters and a width […]

  • 26 January 2018

    US-based LNG equipment maker, Air Products on Friday reported higher fiscal first-quarter profit earnings than in the same period a year ago. The company’s bottom line rose to $394.6 million, or $1.79 per share as compared to $322 million, or $1.47 per share, in last year’s first quarter. Revenue for the quarter increased 18.1 percent to […]

  • 12 March 2020

    Dutch nearshore wind farm Westermeerwind generated 74GWh of electricity in February, achieving a new production record. This means that the wind farm produced more than 4GWh more than the previous production record of 69.7GWh from October 2017. According to the project developer, February was an exceptionally good wind month, which allowed Westermeerwind to run at […]

  • 20 September 2019
    Ports & Logistics

    Enterprise Products Partners will expand and extend its Acadian natural gas system to deliver growing volumes of natural gas from the Haynesville Shale to the LNG market in South Louisiana.

  • 4 February 2016
    Business & Finance

    Greek shipping company Capital Product Partners has signed charter employments for its two 8,266 TEU container carriers M/V Agamemnon and M/V Archimidis with an undisclosed client. The 108,892 dwt vessels, built by South Korean Daewoo Shipbuilding & Marine Engineering in 2007 and 2006, have been chartered for a period of twelve months. According to Capital Product Partners, the charters are expected to […]

  • 19 March 2015
    Business & Finance

    Danish product tanker owner Nordic Shipholding A/S made a profit of USD 2.3 million in 2014 due to improved earnings and a one-off gain of USD 5.2 million arising from the reversal of impairment loss on Nordic Anne previously recognised, which was slightly above expectations, the company said.  Excluding this gain, the group incurred a net […]

  • 9 May 2016

    LNG equipment provider Air Products on Friday said it has entered a definitive agreement to sell its performance materials division of its material technologies segment to Evonik Industries for US$3.8 billion.

  • 19 February 2015
    Business & Finance, Operations & Maintenance

    ELA Container Offshore GmbH has announced the production of 20 new Offshore Living Quarters and Multipurpose Rooms as of beginning of February. The company says that it wants to be able to always react to customers’ needs at short notice. Thereby, within just one year, the Offshore-Rental-Fleet increases to 370 units, 320 of which are […]

  • 19 February 2015
    Business & Finance, Operations & Maintenance

    ELA Container Offshore GmbH has announced the production of 20 new Offshore Living Quarters and Multipurpose Rooms as of beginning of February. The company says that it wants to be able to always react to customers’ needs at short notice. Thereby, within just one year, the Offshore-Rental-Fleet increases to 370 units, 320 of which are […]

  • 7 September 2017
    Business & Finance

    Greek shipping company Capital Product Partners has entered into a firm offer letter for a new senior secured term loan facility worth USD 460 million. The term load was signed with a syndicate of lenders led by HSH Nordbank and ING Bank as mandated lead arrangers and bookrunners and BNP Paribas and National Bank of Greece […]

  • 18 December 2019
    Business & Finance

    Capital Product Partners L.P. has agreed to acquire three 10,000 TEU sister container vessels for USD 162.6 million.

  • 8 March 2019

    Thailand’s PTT Exploration and Production’s unit PTTEP Australasia hit gas at the Orchid-q, the first exploration well in Permit AC/P54 located in the Timor Sea, Australia.  

  • 25 September 2018

    Production of liquefied natural gas (LNG) in Russia could jump to 83 million tons per year by 2035, according to the energy ministry’s Alexander Gladkov. 

  • 18 January 2016

    Sheringham Shoal Offshore Wind Farm produced more than 170 GWh in December last year, which represents a monthly generation record for the wind farm. Sheringham Shoal’s December 2015 production of 170.6 GWh was well above the budget of 122.2 GWh. Cumulative production amounted to 1,164.9 GWh for the whole year. Both the production for December and […]

  • 28 August 2017
    Business & Finance

    Greece-based shipowner Capital Product Partners L.P. has secured new time charter employment for three Medium Range (MR) product tankers. The three ships are M/T Amadeus, M/T Aktoras and M/T Aiolos, the employment of which brought the company’s charter coverage for 2017 and 2018 to 90% and 58%, respectively. Specifically, the 50,108 DWT M/T Amadeus, built in 2015 by Samsung […]