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Business Developments & Projects

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Trafigura seals long-term LNG deal with Canada’s largest natural gas producer
Business Developments & Projects

Trafigura seals long-term LNG deal with Canada’s largest natural gas producer

Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the two parties have signed such an agreement. Tourmaline said it increased its exposure to JKM by entering into a netback agreement with Trafigura ba

about 2 years ago
U.S. Naval Forces Central Command/U.S. 5th Fleet
Business Developments & Projects
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Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read
Canada’s Ksi Lisims LNG concludes first LNG offtake agreement with Shell
Business Developments & Projects

Canada’s Ksi Lisims LNG concludes first LNG offtake agreement with Shell

Canada’s Ksi Lisims LNG, a co-development of the Nisga’a Nation, Rockies LNG, and Western LNG, has signed a 20-year LNG sale and purchase agreement (SPA) with Shell. This is the first LNG offtake agreement executed by Ksi Lisims LNG. Under the agreement, Shell will purchase 2 million tonnes of LNG p

about 2 years ago
Deepsea Bollsta rig, formerly known as West Bollsta (for illustration purposes); Source: Odfjell Drilling
Business Developments & Projects

December brings international offshore rig count activity to a standstill

Baker Hughes’ rig count report shows that no new rigs joined the working fleet in December 2023.

about 2 years ago
Samsung Heavy, Black & Veatch to work on Cedar LNG’s FLNG unit
Business Developments & Projects

Samsung Heavy, Black & Veatch to work on Cedar LNG’s FLNG unit

Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has selected South Korean shipbuilding major Samsung Heavy Industries (SHI) and U.S. LNG infrastructure solutions company Black & Veatch to provide engineering, procurement and constructio

about 2 years ago
LR certificate
Business Developments & Projects

Nova Scotia recycling facility clinches Hong Kong Convention certification

Nova Scotia recycling facility R.J. MacIsaac Ltd. (RJMI) has won certification from Lloyd’s Register (LR) classification society according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention). It is the first C

about 2 years ago
Port of Montreal
Business Developments & Projects

CSL and Adbri team up on fully electric battery-capable self-unloading ship

Canadian shipping company Canada Steam Ship Lines (CSL) has entered into a 20-year strategic partnership with Adelaide Brighton Cement Ltd. (Adbri) to build and operate what has been described as the ‘world’s first fully electric battery-capable self-unloading vessel’. The custom-designed ship is in

about 2 years ago
SAAM Towage
Business Developments & Projects

SAAM Towage’s electric tugs about to head for Canada

The first two electric tugs for SAAM Towage’s fleet, built by the Turkish shipyard Sanmar, are ready to sail from the Port of Tuzla to Vancouver, Canada, where they will join the fleet operating in that country. The Chile-based tug provider operates more than 20 tugs along Canada’s west coast at nin

about 2 years ago
CSL
Business Developments & Projects

CSL biofuel-run vessels avoided 156,000t of CO2

Canadian shipping company Canada Steam Ship Lines (CSL) has achieved a significant milestone in its Great Lakes biofuel program as it completed a cumulative 75,000 running hours on B100 biofuel over the past four years.

about 2 years ago
HAISEA KERMODE
Business Developments & Projects

Sanmar hands over 1st LNG-powered tug to HaiSea Marine

Turkish shipbuilder Sanmar Shipyards has delivered Canada’s first LNG dual-fuelled tugboat Haisea Kermode to HaiSea Marine, a joint venture majority owned by the Haisla Nation in partnership with Seaspan ULC. Haisea Kermode can run on diesel or LNG, and features a diesel exhaust after-treatment syst

about 2 years ago
Illustration; Source: The International Energy Agency (IEA)
Business Developments & Projects

COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

15 minutes read
Oldendorff
Business Developments & Projects

Oldendorff and Teck to fit bulker with rotor sails as part of decarbonization push

German bulk operator Oldendorff Carriers GmbH & Co. KG has entered into an agreement with Canada’s mining major Teck Resources Limited to use wind propulsion to reduce CO2 emissions in Teck’s supply chain. The joint investment will see the vessel Dietrich Oldendorf, which carries shipments of Teck s

about 2 years ago
corridor
Business Developments & Projects

‘West Green Shipping Corridor’ to link North America and Asia

Canada has signed a memorandum of understanding (MOU) to pursue the establishment of a green shipping corridor between Canada’s West Coast and ports in the United Arab Emirates, Korea and Japan.

about 2 years ago
Third electric tug for Canada’s LNG export facility delivered to HaiSea Marine
Business Developments & Projects

Third electric tug for Canada’s LNG export facility delivered to HaiSea Marine

Türkiye’s Sanmar Shipyard has delivered the third battery electric tug for LNG Canada’s export facility in Kitimat to HaiSea Marine, a joint venture majority-owned by the Haisla Nation in partnership with Seaspan ULC. The tug named HaiSea Brave is joining its sister vessels HaiSea Wamis and HaiSea W

about 2 years ago