News
Norway, Russia exported record gas volumes to Europe in 2017
Gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to an analysis by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 bcm and 122 bcm, respectively, in 2017. This, Rystad says, represents a year-on-year increase of m
Russia’s Gazprom to overhaul export operations
Russian energy giant Gazprom plans to reorganise its export operations, including marketing and trading. Gazprom said in a statement on Monday it would create an integrated international distribution unit responsible for all of its export deliveries, trading and marketing. The reorganization will ta
France’s Engie in board changes
The board of France’s energy giant and LNG player, Engie will propose Jean-Pierre Clamadieu as its new board chairman at a shareholders meeting on May 18. Clamadieu, who is the chief executive of Belgian chemical group Solvay, would replace former CEO of Engie, Gérard Mestrallet. Engie said in a sta
Photo of the Day: Viking Neptun Gazing at Wikinger Turbines
Offshore WIND has chosen a photograph of Eidesvik’s vessel Viking Neptune working at the Wikinger site on 21 January as our latest photo of the day.
LPG Vessel Suffers Engine Failure in Bosphorus
An LPG vessel experienced engine failure near the maiden tower at the entrance of Bosphorus yesterday.
Seafox 5 Ready For Merkur
The 151-metre, self-propelled, DP2, jack-up rig Seafox 5 has left the Damen Verolme Rotterdam (DVR) shipyard following a four-month refit.
Poten: collapse in LNG contract lengths raises future supply concerns
The average LNG contract length fell to a record low in 2017, according to the consultancy Poten & Partners, raising concerns on the future supply of the chilled fuel. Average contract lengths for deals signed in 2017 fell to 6.7 years – the lowest ever recorded – compared with 11.5 years in 2016, t
Awilco LNG’s net loss grows
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, widened its net loss in the fourth quarter as compared to the same period the year before. Awilco LNG’s net loss rose to $4.5 million in the fourth quarter, as compared to $2.49 million in the same quarter last year. Compared to the p
Sovcomflot gets funds for construction of Arctic shuttle tanker
Russian shipping company Sovcomflot and Sberbank have signed a new $106 million project financing agreement to finance the construction of a high ice class Arctic shuttle tanker.
Big Fleets to Hold in Check Tanker Consolidation
Big fleets and the diverse ownership of the remainder of the VLCC fleet to cap consolidation in the sector.
Drewry: Spot Rates to Nosedive after Chinese New Year
Drewry: Container spot rates to fall sharply after Chinese New Year, but will strengthen thereafter.
Looking Back and Forward with the Maritime Industry
To get a ‘snapshot’ of the Dutch maritime sector, MH approached companies from a wide perspective of niche markets.
Popular news, February 5 – 11, 2018
The most popular news of the past week.
Top news of the week February 5-10
Two contractors shortlisted to build LNG Canada’s Kitimat export plant Shell-led LNG Canada said it had short-listed two international consortiums for the engineering, procurement and construction of its proposed liquefied natural gas (LNG) export facility in Kitimat, British Columbia. World’s large