News
Top news of the week December 4-10
GasLog moving forward with FSRU conversion Monaco-based LNG shipper, GasLog on Monday said that Singapore’s Keppel shipyard begun ordering equipment required for the conversion of an LNG carrier to a floating storage and re-gasification unit. Picture of the day: Italy’s first U.S. LNG cargo Italy ha
Wood Mackenzie: oil and gas exploration to pick up in 2017
The oil and gas market is making a turnaround on the back of the latest OPEC decision, and the exploration is expected to return to profitability in 2017 after five years of only single-digit returns.
Prosafe slapped with safety order after ‘Safe Scandinavia’ probe
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has turned a notification of order to Prosafe into a formal order as a result of the company not fixing irregularities found during an audit of the Safe Scandinavia tender support vessel (TSV) in September 2015. The Safe Scandinav
Cheniere cancels deal to buy Cheniere Energy Partners
Houston-based LNG export player, Cheniere Energy said it has terminated the previously announced deal to buy Cheniere Energy Partners. Cheniere, which already holds an 80.1% stake in Cheniere Energy Partners, offered 0.5049 Cheniere shares for each share of Cheniere Energy Partners, representing a v
UK Offshore Wind Farms Keep Four Rix Vessels Busy During Winter
Four out of five Rix Sea Shuttle crew transfer vessels will keep operating during the winter as they are contracted to work on major wind farm offshore wind projects in the UK. James Doyle, managing director of Rix Sea Shuttle, said: “Normally December is the quietest month by far with most of the c
Olympic Ship gets restructuring approval
After months of talks with creditors Norwegian offshore vessel owner Olympic Ship has received restructuring support. “The company is pleased to announce that the discussions have been successful and that the company has now obtained support for a financial restructuring of the Group from key stakeh
Offshore vessel owners REM, Solstad complete merger
The previously announced merger between offshore vessel owners REM Offshore and Solstad’s Solship Invest has been completed. The merger between the two Norwegian companies was registered in the Norwegian Register of Business Enterprises on Friday, December 9, 2016. The merged company will have a fle
DMA to Test New Real-Time Data System for Ships
The Danish Maritime Authority (DMA) plans to take part in 2017 in a pilot project on the development and testing of a system that collects real-time data from various components on board ships and sends them to shore-based organizations. In practice, the solution consists of a number of sensors that
Update: UK Transfers Burnt Ship to Port of Liverpool
UK’s authorities have decided to move the burnt bulk carrier V Due to the Port of Liverpool, the country’s Maritime and Coastguard Agency (MCA) informed. The 2015-built bulker, which has a smoldering cargo in one of its holds, suffered a fire while it was at anchor off the east coast of the Isle of
Spotted: Port of Ipswich Welcomes Its Largest Vessel
In today’s spotted we bring you an image of Dijksgracht, the largest vessel to call at the UK’s Port of Ipswich, heading under the Orwell Bridge. This general cargo vessel arrived at Ipswich with a shipment of 10,500 tons of rice from Texas, USA for the Ipswich Grain Terminal. The cargo was discharg
Oil prices experiencing structural, not cyclical change, survey says
The persistent oil price volatility is not a cyclical change, but rather a structural one. This is according to a survey conducted by Sea Asia 2017, where more than two-thirds of respondents said it wasn’t a cycle. The results of the survey come at a time when the maritime industry faces its toughes
STX France Starts Building Rentel Offshore Substation
STX France has started fabrication works for the offshore substation that will be installed at the Rentel offshore wind farm site in Belgium. The first steel cutting for the substation took place yesterday at STX France’s yard in Saint-Nazaire. Design of both the foundation and the topside has been
STX France Starts Building Rentel Offshore Substation
STX France has started fabrication works for the offshore substation that will be installed at the Rentel offshore wind farm site in Belgium. The first steel cutting for the substation took place yesterday at STX France’s yard in Saint-Nazaire. Design of both the foundation and the topside has been
Russia sells stake in Rosneft to Glencore, Qatar
Rosneft, Russia’s state-owned oil company, is selling a 19.5 percent stake in the company to a consortium comprising of Glencore and Qatar Investment Authority. According to Glencore, the consortium will pay some 10.2 billion euros for the deal. Russian government’s website, however, shows a price o