Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry. It signals a move by the world’s oldest classification and certification society, to modernise the way in which Rules and their guidance notes are presented to indu
Sea Triumph, a tanker chartered by LITASCO (an international marketing subsidiary of OAO LUKOIL), left the port of Basra in southern Iraq with a load of crude. This is the first batch of oil in reimbursement of the costs incurred by LUKOIL as part of the West Qurna-2 project. The shipment is one mil
On 7 August Qatargas delivered the first cargo of Liquefied Natural Gas (LNG) to China National Oil Corporation’s (CNOOC) Hainan LNG terminal located in the Hainan province. The cargo arrived aboard a Q-Max class LNG vessel Rasheeda and it will be used to commission the new LNG terminal, owned byCNO
The crew of the U.S. ship MV Cape Ray has completed the work of neutralizing Syrian chemical weapons components, Pentagon Press Secretary Navy Rear Adm. John Kirby said in a statement on Monday. “This morning (August 18th), Secretary of Defense Chuck Hagel called Navy Captain Rich Dromerhauser aboar
Crude oil tankers have shown incredibly positive momentum going into Q3. Earnings surpassed the expected ceiling at USD 20,000, to reach USD 44,058 per day briefly in mid-July for Suezmax tankers, according to BIMCO’s latest market analysis report. A stronger freight market is often followed by a st
Iraqi Kurds have found a buyer for their fourth major oil cargo shipment in Croatia. Hungarian MOL has bought 80,000m3 of crude, which will be sent to Hungary’s refineries through Croatia’s pipelines, local newspapers Jutarnji List confirmed. The tanker carrying the cargo entered the Port of Omisalj
Although the Caribbean market for Aframaxes has taken a precipitous tumble last week, other tanker segments have maintained healthy spot rates suggesting that vessel oversupply could be moderating in the general sense, Poten & Partners reports in their latest ‘Tanker Opinions’. “Since ordering momen
The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where the facility is under construction. The turret is part of a mooring system designed to ensure Prelude FLNG
Neptune Maritime Security has provided comprehensive crisis management training to bolster defences at major ports in Asia, the Middle East and Africa (AMEA) amid increasing instability in the region. An expert team from the company’s Dubai head office and operational support centre recently perform
Reasons for inviting a bunker surveyor by a charterer are different, but the end purpose can be only one – to exclude losses because fuel oil expenses are a significant part of a charterer’s budget. In the following article, survey specialist Bunker Protection explains types of surveys and what to k
Following a year of blockades by armed protests, the first shipment of crude oil was loaded aboard an oil tanker and departed Libya’s Ras Lanuf oil terminal on Tuesday evening, Libya’s National Oil Corporation (NOC) said. As reported by Reuters, the tanker Gemini Sun was chartered by Austrian energy
Global reefer capacity across the containership fleet is set to grow by over a fifth, around 22 %, over the next few years, a report from Drewry Shipping Consultants says. “A declining specialised reefer fleet will see its capacity gradually be replaced by reefer box capacity, which is expected to g
From January 2015 MARPOL Annex VI Regulation 14 will once again change, effecting the air emissions of Sulphur Oxide (SOx) from ships traveling in Emission Control Areas (ECA). In the following article, emission analysis specialist Kittiwake Procal explores how will these legal changes really affect
Freight rates are set to rise across all dry bulk carrier segments as the global economic recovery gains momentum, ending the sector’s most bearish run since the start of the economic crisis in 2008/2009, according to the latest edition of Dry Bulk Market Outlook issued by the UK-based ship manageme
