Noble Energy, Inc. has announced the execution of a non-binding Letter of Intent (LOI) between the Leviathan field partners and BG International Limited (BG) for the supply of natural gas from the Leviathan field, offshore Israel, to BG’s existing natural gas liquefaction (LNG) facilities in Egypt.
Overall confidence levels in the shipping industry fell slightly during the three-month period to May 2014 but remain at their second-highest level for the past six years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Expectatio
The International Association of Classification Societies (IACS) has updated its forward strategy and work plan for the upcoming year at its 69th Council meeting held in Santa Margherita, Italy, chaired by Roberto Cazzulo, Chairman of RINA Services and outgoing IACS chairman. During the three days o
The World Shipping Council (WSC) estimates in its report on containers lost at sea that for the combined six year period from 2008 to 2013, there were 546 containers lost on average each year. This figure does not include catastrophic events, and 1,679 containers lost at sea each year including cata
VIDEO: Brisbane Land Reclamation Program Moves Ahead (Australia) Charles Darwin, a Trailing Suction Hopper Dredger (TSHD), used for dredging loose material such as sand, clay or gravel, recently arrived to Brisbane. Ukraine: ASU Introduces Strategy for Development of Seaports Water Areas The Admin
Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has taken delivery of “Galaxy River”, an 82,200 cbm-type LPG Carrier at Sakaide Shipyard of Kawasaki Shipbuilding Co., Ltd., Japan on June 27, 2014. Galaxy River will be operated by “K” Line under a Consecutive Voyage Charter Contract with Japan Gas Ene
It seems to have taken a very long time coming, but the public is at last being alerted to why their shipping is likely to cost more in the future, according to Watchkeeper. Six months from the coming into force of the EU Sulphur Directive, letters and articles have appeared in national newspapers p
The International Renewable Energy Agency (IRENA) has recently welcomed three additional Permanent Representatives, bringing the number of Permanent Representatives accredited to the Agency to 18. “More and more countries recognize the growing importance of renewable energy and IRENA welcomes the ne
Since its formation in 2012, Tentec Training has been going from strength to strength providing training and competence assurance programmes in the assembly and tightening of bolted connections. Not only does the company provides hands-on practical and theory training in the UK leading to an Enginee
Liquefaction of mineral ores, resulting in cargo shift and loss of stability, has been a major cause of marine casualties for many decades. Recent incidents, which appear to have lead to several total losses, have primarily involved the carriage of unprocessed natural ores such as iron ore fines. As
Lack of consolidation in the box carrying segment will resume exerting pressure on shippers, according to Drewry Shipping Consultants. Despite the fallout of the P3 network planned by Maersk, MSC and CMA CGM, competing shippers, especially those in China may not be in a position to keep up with the
MacGregor, part of Cargotec, has received further orders, worth around $50m, for optimised cargo handling systems from Hyundai Heavy Industries Co Ltd in South Korea. The latest contract stems from the United Arab Shipping Company (UASC) exercising its options for six more A-14-series and one more A
United Arab Shipping Company S.A.G. (UASC) has concluded a bilateral facility worth USD 190 million with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels forming part of UASC’s newbuilding order of seventeen vessels, comprised of eleven 14,000 TEU vessels an
Chesapeake Technology Inc. (CTI), a world leader in real-time acquisition and GIS based processing software for seafloor mapping, has announced a major advance to its flagship software SonarWiz processing with the addition of a Real-Time Acquisition Server for the EdgeTech 4600 and recently introduc
