News
Oil Search, ExxonMobil in offshore PNG blocks swoop
Oil and gas company Oil Search has entered into agreements with Gini Energy Limited, owned by CNOOC Limited, to acquire a 40% interest in each of PPL 374 and PPL 375 blocks located offshore Papua New Guinea. The company will team up with ExxonMobil which also bought a stake. These licences are locat
Drewry: Terminal Operators Opt for M&A Activity
Global container terminal operators have taken their foot off the pedal when it comes to greenfield projects, carriers especially so, and are instead looking for growth, risk mitigation and opportunities through M&A activity, according to shipping consultancy Drewry. The change of gear and strategie
Sovcomflot completes $1.26 billion financing
SCF Group, one of the world’s leading shipping companies, said that it has completed a series of financing transactions in the total amount of US$1.26 billion.
Neste Jacobs completes Pori LNG terminal EPCM work
Technology, engineering and project management company Neste Jacobs said it has completed the engineering, procurement and construction management (EPCM) project for Skangas’ Pori LNG import terminal.
Parker Bestobell cryogenic valves get KR type approval
Parker Bestobell, part of Parker Hannifin said it has secured full type approval from the Korean Register of Shipping (KR) for its range of cryogenic globe and check valves for use on ships.
Holland Goes Paraguay
A country that is landlocked can be a market for maritime companies. Take Paraguay. It has no seaport, but 70 percent of its exports are transported by vessels. Its barge fleet is the third largest in the world, right after the United States and China. This is impressive, more so if you compare the
Netherlands to Stage First Offshore Exhibition
In mid-December, the Maritime Museum Rotterdam is to stage the first ever exhibition in the Netherlands dedicated to the offshore sector. The exhibition, Offshore Experience, will be housed at the museum for the next seven years. The exhibition is said to provide visitors with an overview of the sea
Port of London Authority Creates Low Emission Discount
The Port of London is set to become the first UK port to recognise ship owners committed to improving their environmental performance, as part of a wider approach to reduce the port’s environmental impact. The Port of London Authority (PLA) is to introduce a discount on port charges for vessels with
Wood waste spill at Woodfibre LNG site
On Thursday, September 8, 2016, a spill occurred at the Woodfibre LNG site, which is located about seven kilometres southwest of downtown Squamish.
US Port of Long Beach CEO Resigns
US Port of Long Beach’s (POLB) CEO, Jon Slangerup, has revealed its plans to resign from this position, effective October 31, 2016. POLB said Slangerup has accepted a position as Chairman and CEO of “a leading aviation technology company effective October 31, 2016.” Slangerup joined the port in June
Alaska Governor plans LNG trip to Asia
Governor Bill Walker on Friday said he is set to make a trip to Singapore and South Korea later this month in an attempt to market the Alaska LNG project.
Top News of the Week, September 5 – 11 2016
World’s Largest Offshore Wind Turbine Up at Burbo Bank 2 The first of 32 MHI Vestas 8MW wind turbines has been installed at the Burbo Bank Extension offshore wind farm. The turbines are the largest in the world and this is the first time they have ever been used in an offshore wind farm, DONG [&hell
Popular news, September 5 – 11, 2016
The most popular news of the week.
Top news of the week September 5-11
Carnival adds three new LNG-powered cruise ships Carnival Corp, the world’s largest cruise operator, on Tuesday signed a memorandum of agreement with German and Finnish shipbuilders Meyer Werft and Meyer Turku to deliver three additional cruise ships that will be fully powered by liquefied natural g