The demand for LNG ships has shot up this year with orders coming to $4.6bn, the Irish Maritime Development Office (IMDO) said in its Shipping Market Review citing Lloyd’s List. Twenty-three contracts for the building of new LNG carriers have been signed so far this year, at a rate of almost one a
Nakilat of Qatar, the world’s largest LNG shipper, said its net profit rose 24 percent to QR 446 million in the first half of 2014, compared to QR 360 million for the same period last year. “Nakilat’s board of directors stated that the strong results of the company’s earnings clearly reflect the str
Ali Majedi, Iranian Deputy Oil Minister for International and trade affairs, rejected Saudi Arabia’s claim on Arash gas field in the Persian Gulf. Majedi told the Fars News Agency that “Arash is a joint gas field between Iran and Kuwait and Saudi Arabia does not have any share in this field.” It was
To meet the world’s growing energy demand as well as to optimize energy use while minimizing wasted energy, Qatar Petroleum has embarked on several important initiatives such as the Jetty Boil-off Gas Recovery (JBOG) Project. This energy-saving environmental project is led by Qatargas with an aim to
A recent survey shows that up to half of seafarers don’t have reasonable access to communication in order to keep in touch with their family and friends. The 2014 Crew communications survey issued by Futurenautics Research in association with InterManager, ISWAN, PTC, BIMCO and CrewToo shows that
Problems of 6,400 seafarers and their families were resolved during 2013, according to the 2013 Annual Review for SeafarerHelp issued by the International Seafarers’ Welfare Assistance Network (ISWAN). SeafarerHelp is a free 24 hour multi-lingual helpline for seafarers. There was a 35% increase in
The latest Energy Management Study issued by DNV-GL has shown that shipping companies are still not utilising all the tools at their disposal to achieve reduced energy consumption. Many shipping companies have realised first savings, but only a few have succeeded in realising savings above 10%. Th
As the International Association of Classification Societies (IACS) reviews its work programme it is significant the member societies will be paying some attention to what has become known as “complex on board systems”, Watchkeeper writes. Increasingly, ships are becoming dependent on these comple
The “White, Grey and Black (WGB) List” presents the full spectrum, from quality flags to flags with a poor performance that are considered high or very high risk. It is based on the total number of inspections and detentions over a 3-year rolling period for flags with at least 30 inspections in the
Teams aboard the MV Cape Ray have begun neutralizing Syrian chemical materials, a Pentagon spokesman said yesterday. U.S. military and civilian specialists aboard the ship are neutralizing the chemical materials in international waters, Army Col. Steve Warren told reporters. The ship left Gioia Ta
The International Chamber of Shipping (ICS) – in co-operation with a wide coalition of international shipping organisations – has submitted an important paper to the International Maritime Organization (IMO) that proposes a means of overcoming the serious implementation problems associated with the
Woodside of Australia held last night the company’s 60th anniversary celebration to thank and recognise those who have played a significant part in the Woodside story. “From humble beginnings in 1954, the vast efforts of many have enabled Woodside to become Australia’s largest oil and gas company to
“Illegal fishing has to be eradicated from the high seas, and this is why the EU uses its diplomatic weight to push for rules like the UNCLOS or the United Nations Fish Stock Agreement to be enforced worldwide,” EU Commissioner for Maritime Affairs and Fisheries Maria Damanaki said during “Re-energi
After adding to the production capacity over the year Iran has set plans to increase its gas exports up to 10 billion cubic meters (bcm) by the end of Iranian calendar year, March 2015 . “Iran exported around 9 bcm of gas during the last year. In the current year, with the gas production capacity in
