News
MPA, Shell Team Up on Clean Fuels, Automation & Port Digitalization
The Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading (Shell) have signed a Memorandum of Understanding (MOU) to cooperate in the research and development of projects in areas of clean fuel technologies, automation and digitalization. Under the MOU, the duo plans to cooperate
Swire Seabed Boosts Fleet with Siem Offshore’s Stingray
Swire Seabed has signed a contract with Siem Offshore for up to three years bareboat charter of Siem’s Light Construction Vessel (LCV) Siem Stingray, which will be re-named Seabed Stingray and used in the renewables, IMR, and construction support sectors.
Swire Seabed Boosts Fleet with Siem Offshore’s Stingray
Swire Seabed has signed a contract with Siem Offshore for up to three years bareboat charter of Siem’s Light Construction Vessel (LCV) Siem Stingray, which will be re-named Seabed Stingray and used in the renewables, IMR, and construction support sectors.
KBR reports third-quarter profit of $45 million
Houston-based LNG engineer KBR on Tuesday reported third-quarter net income of $45 million, after reporting a $63 million loss in the same period a year ago. The company posted a net income of 32 cents per share with earnings, adjusted for non-recurring costs at 35 cents per share. Revenue in the qu
K Line Returns to Black
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has posted a profit of JPY 13.1 billion (USD 116.8 million) in the first half of 2018 fiscal year, covering the period from April to September, 2017, recovering from a loss of JPY 50.4 billion from the previous fiscal year. The rebound was mos
CB&I reports drop in third-quarter profit
LNG engineer Chicago Bridge & Iron (CB&I) reported net income of $10 million for the third quarter of 2017.
Klaipedos Nafta starts up LNG reloading station
Klaipedos Nafta last week officially started up operations at its small-scale LNG reloading facility in the port of Klaipeda.
Origin’s revenue jumps on higher APLNG output
Origin Energy saw its revenue reach $678.6 million during the quarter ended September 30, on the back of higher Australia Pacific LNG output and higher realized prices.
‘Maersk Forza’ hired for helicopter recovery operation
The Maersk Forza subsea construction vessel, usually used for oil and gas activities, has been hired to help with recovery of a helicopter that went missing on Thursday, offshore Norway. According to Accident Investigation Board Norway (AIBN), on October 26, 2017 helicopter flight CVS312 was en-rout
Aker BP secures extra financing for Hess Norge buy
Norwegian oil company Aker BP has secured additional bank financing for the previously announced acquisition of Hess Norge. The oil company said on Monday it had received an offer from a consortium of five banks for a $1.5 billion bank facility to finance the acquisition. To remind, U.S. energy comp
ExxonMobil pulls out of Pakistan FSRU project
U.S. major ExxonMobil called it quits on a liquefied natural gas (LNG) import project in Pakistan, following differences with project partners.
Gallery: Bulker Aground in German Bight
Image Courtesy: Central Command for Maritime Emergencies Germany A Panamax bulk carrier ran aground in the German Bight, North Sea, in the morning hours of October 29 and all attempts to refloat the vessel have been unsuccessful so far, Central Command for Maritime Emergencies Germany (Havariekomman
Report: Rosneft suspends Black Sea license over U.S. sanctions
Russian oil company Rosneft has reportedly suspended its license for oil and gas exploration in the Yuzhno-Chernomorsky block in the eastern part of the Black Sea due to the U.S. sanctions.
Spotted: New World Record Set for a Single Vessel Call
Image Courtesy: Port of Los Angeles A new world record has been set for a single vessel port call as a total of 24,846 TEUs was loaded off and back on the Maersk Evora at the Port of Los Angeles earlier this month, according to Danish shipping giant Maersk. The 13,492 TEU ship arrived at […]