News
Tullett Prebon, SGX to launch Middle East, India LNG index
London-based interdealer broker Tullett Prebon, joined forces with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian LNG markets.
Third MeyGen turbine in place
The third Andritz Hydro Hammerfest 1.5MW tidal turbine was installed at the MeyGen site on Saturday, according to Atlantis Resources’ social media.
LNG market rebalancing to stall until 2020s, study says
The LNG market is expected to hit the bottom of a boom-bust cycle over the next five years, a report by Aurora Energy Research shows.
Drewry: New Tonnage the Biggest Risk for Industry Recovery
One of the key performance indicators that needs to be ticked off before the containership industry recovery gets back on solid ground is when the industry does not have to squeeze ships into trades that are not equipped to handle them. “We are more optimistic than we have been in a long while as de
Busy Year for Damietta Port
Egypt’s Damietta Port revealed that its ship and cargo traffic saw a significant increase in 2016, compared to the previous year. Cargo throughput at the port went up by 12 percent in 2016 and rose to 32 million tons from 28.6 million tons in 2015. The port recorded a 53.1 percent rise in its export
5 Advantages of Thermal Insulation Coatings
By Rob van Hoorn CTO at nC Marine Options in insulation on board do not provide an abundance in choices. Glass wool insulates both temperature and dampens noise, but lacks anti-corrosion properties, and takes up precious room. In some cases, it even functions as a sponge for water, mold and insects.
Teekay LNG mulls bond issue
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, is looking at the possibility of a bond issue in the Norwegian bond market. Teekay LNG Partners said in a statement on Monday it intends to issue new senior unsecured bonds through an add-on to its existing Norwegian bonds due i
Reach Subsea hires Havila vessel on 3-year deal
Norway’s shipowner Havila Shipping has entered into an agreement with Reach Subsea ASA for use of the subsea vessel Havila Subsea for three years. The agreement also includes two optional periods, each of one year. Reach will mobilize ROV and survey equipment on board, which constitutes a subsea spr
Tokyo Gas December sales boosted by winter temperatures
Total gas sales by Japan’s Tokyo Gas reached 1,424.418 million cubic meters during the last month of 2016, a 7.1 percent increase compared to December 2015.
China’s 2016 LNG imports rise 33 pct YoY
Liquefied natural gas (LNG) imports into China, the world’s largest energy consumer, rose 33 percent in 2016 as compared to the year before, according to the General Administration of Customs data. China imported 26.06 million mt of the chilled fuel in 2016, as compared to 19.63 million mt in 2015,
Grounded Tanker Towed to Sydney
Arca 1, a bunkering tanker, was refloated one week after running aground north of Sydney, Nova Scotia, Canada, on January 8, according to the Canadian Chamber of Shipping. After an unsuccessful tow attempt and extensive de-ballasting and pumping operations, a salvage crew removed 300 tons of ballast
JX: Train 9 at Petronas’ Bintulu LNG complex starts commercial ops
JX Nippon Oil & Energy on Monday said that the Train 9 at the Petronas LNG complex in Bintulu, Sarawak started commercial operations earlier this month.
BSEE responds to Gulf of Mexico leak
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard were on Thursday responding to a release of gas and condensate from a Gulf of Mexico pipeline. According to the BSEE, the incident happened at West Cameron 165 in the Gulf of Mexico, approximately 32 miles southw
CGG slashes dayrate for seismic vessel Viking Vanquish
Norwegian shipping company Eidesvik Offshore and French geophysical services company CGG have agreed to reduce the dayrate for the seismic vessel Viking Vanquish, effective from January 2017. Eidesvik said on Monday that the bareboat contract for the seismic vessel expires in November 2020 and the d