News
Drewry: LPG Shipping Rates to Fall Further in 2017
Although the liquefied petroleum gas (LPG) shipping trade is expected to continue growing on the back of strong Asian demand, the rates could fall further in 2017 due to continued oversupply, according to shipping consultancy Drewry. 2017 is expected to be no different from 2016, when LPG shipping r
Origin sinks deeper into red on APLNG writedown
An impairment charge of A$1.9 billion deepened Australia’s Origin Energy’s losses to A$1.68 billion (Approx: US$1.3 billion) for the half-year 2017, down from A$254 million in the corresponding period a year before.
MSI: Port Stocks and Politics to Determine Dry Bulk Fortunes
Although the bulk carrier markets began 2017 in reasonably robust form, Maritime Strategies International (MSI) has forecast weak forward prospects for the dry bulk sector due to a combination of volatile trade conditions and political policy. Future earnings in the bulker market will partly be infl
Petrobras sets new records with pre-salt production
Brazilian state-owned oil giant Petrobras has set two new records with oil production at the pre-salt layer. The company’s total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produced in Brazil and 0.12 million bo
Statoil ordered to boost safety after almost fatal gas leak
The Norwegian offshore oil and gas safety body PSA Norway has issued a notification of order to Statoil following a poisonous gas leak at the Sture terminal on October 12, 2016. Five persons were exposed the poisonous hydrogen sulphide (H2S) gas, in an accident that could have been fatal. According
Russia: Yamal LNG plant about 88 pct complete
Construction on Novatek’s giant Yamal liquefied natural gas (LNG ) project in Russia is moving forward with the project’s plant around 88 percent complete, according to Russian Energy Minister Alexander Novak. “Overall, the project is more than 75 percent complete now and the first stage [the liquef
Pirates Release Eight Iranian Crew from Captivity
Eight Iranian seafarers have been released by Somali pirates after being held in captivity since May 2016, according to Tehran Times. The released was reportedly a result of negotiations held between Senegal’s embassy in Somalia and the pirates. An Iranian Member of Parliament, Ali Yar Mohammadi, wa
Chariot starts seismic campaign over new Moroccan permit
Oil and gas exploration company Chariot Oil & Gas has been awarded interest and operatorship of the Kenitra offshore exploration permit in Morocco and started a seismic campaign covering Mohammedia and Kenitra permits. Chariot said on Thursday that its wholly owned subsidiary, Chariot Oil & Gas Inve
B.C., First Nations sign PNW LNG benefits agreements
The Canadian province of British Columbia reached multiple agreements with the Lax Kw’alaams Band and the Metlakatla First Nation securing economic benefits from the proposed Pacific NorthWest LNG project.
Spain gets international LNG school
Spanish LNG terminal operator Enagás agreed with Jovellanos Centre of the Spanish Maritime Safety Agency to create an international LNG school.
Petrobras oil and gas production up in January
Brazil’s state-owned energy giant Petrobras said its oil and gas production in January reached 2.86 million barrels of oil equivalent per day (boed).
Tritech Deploys Shark Detection Sonar in Australia
Tritech International has deployed its first full-beach shark detection system in collaboration with Shark Mitigation Systems (SMS). The clever buoy system is currently active at City Beach in Perth, Australia, the company said. Each clever buoy is solar powered and utilizes a PC running the jointly
Canadian Govt Settles Lawsuits with Seafarers Union
The Government of Canada has settled the pending lawsuits filed by the Seafarers’ International Union of Canada (SIUC) alleging systematic breaches of the Temporary Foreign Worker Program (TFWP). The SIUC filed 42 lawsuits in 2015 saying that, instead of providing Canadian seafarers with the opportu
Images Emerge of Fire-Ravaged APL Austria
The South African Maritime Authority (SAMSA) has released photos from the fire-stricken boxship APL Austria showing the firefighting operations and scorched containers from the ship. According to SAMSA, fires in the lower hold No4 of the ship have been extinguished except for two containers in the c