News
South Hook books Qatari LNG cargo
The United Kingdom is due to receive another liquefied natural gas (LNG) cargo from the world’s largest producer of the fuel, Qatar. The 266,000-cbm Q-Max LNG tanker Rasheeda is expected to arrive at the UK’s South Hook LNG terminal on September 18, according to the Milford Haven Port Authority data
Tanker Rate Hike from Hurricane Aftermath Short-Lived
The spike in freight rates for product tankers in the aftermath of the Hurricane Harvey is expected to be short-lived. Product tankers saw a 35-40 percent lift in spot rates since the hurricane made landfall on Texas on August 25, shutting down refineries. The tanker industry is taking advantage fro
Petrobras, Shell in E&P tie-up
Brazilian oil giant Petrobras has signed a memorandum of understanding (MoU) with Royal Dutch Shell to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. Petrobras said last Friday that the deal was signed with Shell Exploration Company (West) B.V., a subsidiary of R
Cheniere Partners in $1 billion offering
Cheniere Energy Partners, a limited partnership formed by the US LNG export player Cheniere, intends to offer $1 billion principal amount of senior secured notes due 2025. The partnership intends to use the net proceeds from the offering to prepay a portion of the outstanding term loan indebtedness
Video: AIDAprima Leads Cruise Ship Parade in Hamburg
As highlight of Hamburg Cruise Days 2017, the big cruise ship parade was held in the evening hours of September 9. The 2016-built AIDAprima, owned by German cruise line AIDA Cruises which is the premium partner of the event, led the parade. Six cruise ships including AIDAprima, Norwegian Jade, Europ
Angola LNG inks supply deal with Germany’s RWE
Chevron-led Angola LNG, the country’s only liquefied natural gas producer, has entered into a supply deal with German utility RWE’s trading subsidiary. This is the second deal this month for the LNG producer following the Vitol supply agreement last week. Under the new deal, Angola LNG cargoes will
Poland gets 20th LNG cargo
Poland has received its twentieth cargo of liquefied natural gas at the country’s first LNG import terminal in Świnoujście. The cargo was delivered during the weekend onboard the 140,000-cbm LNG tanker Arctic Discoverer, Gaz-System, the operator of the Lech Kaczyński LNG terminal said in a statement
Norwegian gov’t to investigate offshore safety agency
The Norwegian government’s state auditor, Riksrevisjonen or the Office of the Auditor General (OAG), has decided to conduct an investigation of the country’s offshore safety watchdog, the Petroleum Safety Authority (PSA). The Petroleum Safety Authority (Petroleumstilsynet) is a Norwegian government
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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Royal Caribbean Mobilizes Ships to Support Hurricane Irma Relief
Cruise line company Royal Carribean International has sent one of its cruise ships to Sint Maarten port, the Caribbean to take evacuees as part of the Hurricane Irma relief efforts, the US Government said. “In coordination with the US and local governments we are dispatching ships to St. Thomas and
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
Towards smarter and greener decommissioning
By DNV GL Project and financing models for decommissioning are moving up oil and gas operators’ agenda worldwide as ‘lower for longer’ oil prices raise questions about how long ageing assets can operate viably beyond their design lives. Large-scale decommissioning has so far featured in the Gulf of