News
BIMCO: Global Economic Growth Beneficial for Shipping
If it materializes, global economic growth in 2018 and 2019 will be highly beneficial for container shipping.
Moody’s bumps Woodside outlook, affirms BAA1 rating
The ratings agency Moody’s has affirmed the BAA1 rating of Australian LNG major Woodside Petroleum changing the rating outlook to stable from negative.
Energy XXI gearing up for its most active drilling program in years
Houston-based Energy XXI Gulf Coast is preparing for its most active drilling program since 2014 with plans to drill six wells in the Gulf of Mexico this year. According to the company’s statement on Tuesday, its board of directors has approved a 2018 capital expenditure budget in the range of $145
German car giant BMW testing LNG-powered trucks
German car giant BMW has completed a pilot project aimed at testing trucks powered by liquefied natural gas (LNG). The two-week test was commisioned by BMW’s plant in Regensburg, Germany and implemented together with the Italian truck manufacturer Iveco and Spedition Duvenbeck. As part of the test,
Bilbao Port Cargo Volumes Highest Since 2006
Spanish Port of Bilbao recorded a 7% cargo volume growth by handling 34.2 million tons in 2017, a 2.2 million-ton increase over 2016.
Boxship Allides with Kiel Canal Gate
A containership allided with the southern gate of Kiel-Holtenau lock at a speed of more than 20 km/h on late February 19.
Enagas profit climbs 17.6 pct in 2017
Spanish LNG terminal operator, Enagás reported a net profit of 490.8 million euros ($606.6 million) in 2017, a rise of 17.6 percent year-on-year. This figure includes the accounting impact produced by the full consolidation of GNL Quintero, the Chilean regasification plant, since January 2017, the S
Strong oil and gas prices boost Oil Search’s 2017 profit
Papua New Guinea-focused Oil Search saw its net profit after tax shoot up 236 percent in 2017, compared to the previous year on the back of record production levels and stronger oil and gas prices.
WA: $1.6M Available in Coastwest Grants
The Government of Western Australia has announced more than $1.6 million in funding is available for strategic coastal planning and management along with projects that improve coastal conditions. Coastal Adaptation and Protection (CAP) and Coastal Management Plan Assistance Program (CMPAP) grants ai
Port of Rotterdam posts rise in bunkered LNG volumes
The port of Rotterdam has seen the throughput of bunkered liquefied natural gas (LNG) rise from 100 tons in 2016 to 1,500 tons in 2017.
Louisiana Offshore Oil Port loads its first VLCC
Louisiana Offshore Oil Port (LOOP) has completed its first Very Large Crude Carrier (VLCC) crude oil loading operation at its Deepwater Port, 18 miles offshore of Port Fourchon, Louisiana.
Bredenoord Powering Wikinger until Full Commissioning
Bredenoord has supplied 72 generators for the Wikinger offshore wind farm in Germany until the 350MW project is fully commissioned and starts feeding power into the national grid.
ABP’s Hull Container Terminal to Boost Capacity with New Cranes
Hull Container Terminal welcomes two ship-to-shore gantry cranes that will enable the facility to increase capacity.
Woodside raises $1.24B for offshore projects in Australia, Senegal
Woodside has raised A$1.57 billion (around $1.24 billion U.S. dollars) through an Institutional Entitlement Offer of new shares.