News
Promised Automation Benefits Hard to Deliver?
Automation of shipping and ports has been dubbed as a “marketing rush” by the president of the Maritime Union of Australia (MUA) Paddy Crumlin, while speaking in Singapore last week. According to the MUA President, and its General Secretary Stephen Cotton, consequences of automation have not been ca
Gov’t to Double UK Fleet Flying under Red Duster
The Government of the United Kingdom is working to double the size of the UK Ship Register from 16 to 30 million gross tonnage after the country leaves the European Union. As explained, the move would propel the UK from 15th place into the top 10 global maritime nations. The flag of the UK’s Merchan
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Exmar says still in talks to find work for Caribbean FLNG
Belgium’s Exmar, the Nicolas Savery-led shipowner has still not found an employment for its Caribbean FLNG currently located at the Wison Offshore & Marine’s yard in Nantong, China. The barge-based floating natural gas liquefaction and storage facility has been in lay-up at the yard since its delive
Top news of the week September 4-9
DNV GL: natural gas to become world’s primary energy source by 2035 Natural gas will become the largest single source of energy from 2034, according to a report by the classification society, DNV GL. Western Australia bans hydraulic fracturing Western Australia, home to several giant liquefied natur
Popular news, September 4 – 10, 2017
The most popular articles of the week.
Flex LNG denies raising new equity
Oslo-listed Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, denied a media report that it is planning to raise new equity. Norwegian business newspaper Finansavisen on Friday reported that Flex LNG is in the process of raising new
Korea, Russia Look to Cash In from Northern Sea Route
Russia and Korea are working to bolster their maritime ties, especially as they eye the benefits of shipping through the Northern Sea Route. As Russia strives to build up its own shipbuilding capacity, it turned to Korea for the construction of its gas carrying ships. A Korean company has received a
Rosneft to order shuttle tankers for Arctic fields
Russian oil company Rosneft has made plans to build an unspecified number of shuttle tankers to be used for oil transport from its Arctic fields. Namely, Rosneft, its subsidiary Rosnefteflot, and Zvezda Shipbuilding Complex have signed an agreement of intent that envisages placing orders with Zvezda
JBIC may finance Novatek’s 2nd LNG export project
Japan Bank for International Cooperation (JBIC) is considering whether to provide financing for Novatek’s second LNG export project in the Russian Arctic. JBIC has already provided 200 million euros ($238 million) for Novatek’s giant Yamal LNG project, that is expected to be launched by the end of t
Statoil cans Norne emergency response vessel
Norwegian oil major Statoil has received consent from the Petroleum Safety Authority (PSA) to change the emergency response vessel solution for the Norne field in the Norwegian Sea. Norne is an oil and gas field located around 80 kilometers north of Heidrun. The field has been developed using a floa
LNG Croatia invites bids for FSRU purchase, terminal works
LNG Croatia, the state-owned company developing the liquefied natural gas import terminal on the island of Krk, has invited bidders to take part in the purchase of a FSRU and the construction of the terminal’s jetty and the connecting pipeline. Under the first tender, LNG Croatia invited companies t
SMC Wrapping Up Veja Mate Work
SMC’s technicians will finish work on the 402MW Veja Mate offshore wind farm in the German North Sea this month and the company’s marine coordinators are expected to finish later in the year.
SMC Wrapping Up Veja Mate Work
SMC’s technicians will finish work on the 402MW Veja Mate offshore wind farm in the German North Sea this month and the company’s marine coordinators are expected to finish later in the year.