Exports from Yemen’s only LNG export facility are running as normal, a spokeswoman from French oil giant Total said. Houthi militia forces on Wednesday seized an air base and appeared poised to capture the southern port of Aden from defenders loyal to President Abd-Rabbu Mansour Hadi, according to R
The oil & gas industry is responding to the low oil price environment with exploration budget cuts in 2015 which will average 30%, leading to suggestions that exploration activity could be significantly curtailed. However in an effort to drive value, Wood Mackenzie says the industry is addressing a
Global dry cargo demand growth, forecast at 5% per annum from 2016 to 2019, is to be offset by falling project cargo volumes over the next twelve to eighteen months, according to Drewry’s latest edition of the Multipurpose Shipping Market Review and Forecaster. “The fall in oil prices, coupled with
Iranian naval forces have thwarted a pirate attack targeting one of the country’s oil tankers while under way in the Bab-el-Mandeb strait. The attack took place earlier this morning and involved four pirate boats, with 32 armed pirates onboard, Iran’s ISNA news agency reports. Iran’s naval fleet sav
Overseas Laura Lynn, one of the four largest supertankers of the world, has completed her routine maintenance work at Drydocks World shipyard. This was the second time that Overseas Laura Lynn visited the yard. The scope of her maintenance work included main engine overhaul, boiler cleaning, cargo &
The Global Shippers Forum (GSF) has called for rigorous monitoring of key performance indicators (KPIs) that can provide the required level of confidence to customers that ocean shipping alliances can deliver tangible benefits in terms of reduced costs, competitive ocean rates and improved services
Global shipping losses continued their downward trend with 75 reported in 2014, making it the safest year in shipping for 10 years, Allianz Global Corporate & Specialty SE’s (AGCS) third annual Safety and Shipping Review 2015 shows. The review analyzes reported shipping losses of over 100 gross tons
There were 61 incidents involving 120 stowaways reported in 2014, according to International Maritime Organisation’s statistics. Cape Town and Lagos were the most common ports of embankment. Some 81% of the total amount of cases were from Africa, the most common nationalities involved in the inciden
The number of LNG containerships under construction is on the increase, the Port of Rotterdam said in a statement on Monday. Precise figures are not available, but according to a Dynamar‐assessment, there are 49 ships of between 1,380 TEU and 21,500 TEU on order that will either be able to use LNG a
The number of LNG containerships under construction is on the increase, the Port of Rotterdam said in a statement on Monday. Precise figures are not available, but according to a Dynamar‐assessment, there are 49 ships of between 1,380 TEU and 21,500 TEU on order that will either be able to use LNG a
Energy-hungry Pakistan is about to join the LNG importing nations club with the arrival of the first tanker carrying a cargo of the chilled fuel this week. “The vessel is being loaded in Ras Laffan and is expected on March 26/27,” Sheikh Imran-ul-Haque, Chief Executive Officer of Engro Elengy Termin
Energy-hungry Pakistan is about to join the LNG importing nations club with the arrival of the first tanker carrying a cargo of the chilled fuel this week. “The vessel is being loaded in Ras Laffan and is expected on March 26/27,” Sheikh Imran-ul-Haque, Chief Executive Officer of Engro Elengy Termin
A fire broke out on an offshore platform in Egypt today, spurring a crew evacuation, Aswat Masriya, an Egyptian news website has reported. The news website, citing sources in the country’s petroleum ministry, has said that the fire has been localized and isolated from the rest of the rig. The fire r
The UK’s South Hook terminal will receive a cargo of LNG next week from the world’s largest producer of the chilled gas, Qatar, according to the Milford Haven Port Authority website.
