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Articles : "ship"

NYK Signs Another LNG Carrier Long-Term Charter with Total

Japanese shipowner NYK and a subsidiary of French oil major Total have signed another long-term charter contract for a newly-built LNG carrier.

Under the contract, Total Gas & Power Chartering Limited (TGPCL) will charter an LNG carrier that is scheduled to be delivered by South Korea’s Samsu…

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Qatar Petroleum, Fluxys Ink Zeebrugge LNG Terminal Deal

Qatar Petroleum has signed a long-term LNG unloading services agreement for Zeebrugge LNG terminal with Fluxys Belgium.

Under the deal, signed with Fluxys LNG in Brussels on September 2, Qatar Terminal Limited (QTL) subscribed unloading slots at the facility from the expiry of the current lon…

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MOL Chemical Tankers Launches Nordic Tankers Merger

Singapore-based MOL Chemical Tankers has started a full integration process of MOL Nordic Tankers (MOLNT).

MOLCT acquired 100% of shares in Danish chemical tanker company Nordic Tankers, subsequently be renamed to MOL Nordic Tankers, from Triton in January 2019.

The full integration is “a …

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ENOC to Supply Marine Lubricants for Up to 16 Tankers

The UAE-based energy group Emirates National Oil Company (ENOC) has signed a memorandum of understanding (MoU) with Greek bunker trader IMS Oil Trading to supply marine lubricants for up to sixteen product tankers.

Lubricants will be delivered at IMS Oil’s Fujairah and Singapore ports.

A…

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SEA\LNG Expands US Network with Stabilis Energy

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of LNG as a marine fuel, has expanded its U.S. membership network with Houston-based Stabilis Energy.

Stabilis Energy provides small-scale LNG production, distribution and fuelling services to multiple e…

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China-Led Consortium Chosen to Build LNG Terminal in Cyprus

A consortium led China Petroleum Pipeline Engineering Corporation (CPPEC) has been selected as the preferred bidder for the construction of an LNG terminal at Vassiliko Port in Cyprus.

The consortium, comprising Wilhelmsen Ship Management Limited, Aktor S.A., Metron S.A. and Hudong-Zhonghua S…

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Ocean Yield Collects USD 125 Mn from Hybrid Bond Issue

Oslo-listed Ocean Yield has completed a new perpetual hybrid callable bond issue of USD 125 million.

The net proceeds from the hybrid bond would be used for general corporate purposes including new investments, according to the company.

The bond carries a coupon of 3 months LIBOR + 6.50 % …

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Color Line’s Color Hybrid Named in Norway

The world’s largest plug-in hybrid ship Color Hybrid, built for cruise and ferry company Color Line, was named on August 23 in Sandefjord, Norway.

The vessel started sailing on its route from Sandefjord, Norway to Strömstad, Sweden as of August 16, 2019, after delivery from Norwegian shipbu…

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Region-Wide Gulf of Mexico Lease Sale Draws $159.4 Million in High Bids

By Jessica Resnick-Ault and Nichola Groom NEW YORK, Aug 20 (Reuters) – A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said.

Combined with a March auction that drew $244.3 million in high bids, the tota…

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Indonesia to Implement Sulphur Cap on Schedule

Indonesia has decided that vessels flying the Indonesian flag would comply with the IMO’s 2020 sulphur cap, after the country earlier informed that it needed more time to comply.

Namely, the country’s Ministry of Transportation confirmed that the rule would be applied to “all Indonesian-f…

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Yilport Holding Inks 49-Year Concession for Port of Taranto

Turkish port operator Yilport Holding has signed a 49-year concession agreement for the Port of Taranto in Italy.

The deal was signed on July 30 with Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the port, and is related to its multipurpose terminal.

This is…

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Indonesia to Delay Sulphur Cap Implementation in Its Waters

Indonesia would not switch to low-sulphur fuel from January 1, 2020, due to abundant supplies of 3.5% sulphur content fuel, Reuters said citing the country’s transport ministry.

Namely, the authorities plan to allow Indonesia-flagged ships to continue burning marine fuels with a maximum 3.5…

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India’s Venezuelan June oil imports highest in 7 quarters - trade

India’s oil imports from Venezuela surged to about 475,200 barrels per day (bpd) in June, more than double the previous month and highest in 21 months, data from shipping and industry sources showed.

Washington imposed sanctions on Venezuela’s state oil company PDVSA in January to put press…

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Panama Canal, UN Environment to Jointly Fight Climate Change

The Panama Canal and UN Environment have signed a cooperation agreement to join efforts on sustainable development and combating climate change.

The deal includes the exchange of experiences and knowledge, the development of programs and research in areas of shared interest, and human resourc…

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Total to Develop LNG Import Floating Terminal in Benin

French oil and gas company Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed a gas supply agreement and a host government agreement for the development of an LNG import floating terminal in Benin.

The deals also include the supply of up to 0,5…

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NYK Launching Seafarer Payment Platform MarCoPay

Japanese shipowner NYK has formed a joint venture with Philippines-based Transnational Diversified Group (TDG) to launch the electronic money platform MarCoPay.

MarCoPay — derived from Maritime Community — is an electronic money platform designed mainly for seafarers hired outside Japan to ma…

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M/T Baltic Mariner

Palmali Holding’s M/T BALTIC MARINER tanker under Maltese flag is ready for its journey. Tanker is 130 meters tall, 16 meters wide with capacity 6,623 DWT.

When it comes to shipping, the main objective of Palmali is to provide excellence in sea our sea transportation services. We maintain t…

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DP World, Maspion to Build USD 1.2 Bn Container Terminal, Industrial Logistics Park in Indonesia

Dubai-based port operator DP World and Indonesia’s conglomerate Maspion Group have signed two preliminary agreements with an aim to create a USD 1.2 billion container terminal and an industrial logistics park in the Indonesian province of East Java.

As explained, this is the first joint ven…

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Stena Bulk Denies Claims of Stena Impero’s Involvement in Collision

Swedish shipowner Stena Bulk has rejected claims of a collision involving Stena Impero, the UK-flagged tanker seized by Iran in the Strait of Hormuz on July 19.

“We can confirm that we are not aware of, and nor is there any evidence of a collision involving the Stena Impero,” the company …

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Virginia International Gateway Container Terminal Wraps Up Major Expansion

A USD 320 million expansion project at the Virginia International Gateway (VIG) container terminal has been completed, Virginia Governor Ralph Northam announced.

As explained, the completion of this project represents a significant milestone as the Port of Virginia works to increase cargo and…

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