GasLogLNG Welcomes Newbuild LNG Carrier
LNG shipper GasLog welcomes its Cheniere-chartered LNG newbuild GasLog Wellington, arriving from Samsung Heavy Industries shipyard, the company informed through its twitter page.
About the...
Fenix Marine Services Goes With Renewable Fuel for Its Entire Fleet
Fenix Marine Services (“FMS”) has made commitments to environmental sustainability in the maritime sector, says a press release published on their website.
Environmental sustainability commitments
Fenix...
Virus Attack on HMM Email Systems
South Korean shipping company HMM has confirmed its email systems continue to be impacted by a virus attack on 12 June.
HMM said...
Bright Future for LNG-fueled Vessels With Carbon Capture Systems
In contrary to the World Bank point of view, there is a bright future for LNG in the decarbonization of the shipping industry. The...
Damen Delivers FCS 1605 To Support Allseas’ Pioneering Spirit
Damen Shipyards Group delivered a FCS 1605 to Allseas to support the Pioneering Spirit – the largest construction vessel in the world.
The FCS...
Japan’s Big Bet on Hydrogen To Revolutionize the Energy Market
Japan built the world’s third-largest economy on an industrial base powered by imported oil, gas, and coal, sys an article published in WSJ.
Now, it...
Weekly Bulk Report – Week 23, 2021
Capesize market leapt up erasing most of the losses since the closing week of May.
Panamax market rates improved with strong push from...
Mocean Energy Blue X Wave Machine Starts Sea Trials
The prospect of generating clean energy from waves moved a step closer as Mocean Energy commenced testing of their Blue X wave energy prototype...
Daewoo Shipbuilding Nets Order Worth $1b
Daewoo Shipbuilding & Marine Engineering Co. (DSME) has netted a $1 billion order from Brazilian oil company Petrobas for offshore plant construction, reports Pulse.
About...
Equinor Makes Oil Discovery In North Sea
Equinor and partners Var Energi and Aker BP have struck oil in production licence 554. Recoverable resources are estimated at between 1.3...
Covid 19 Restrictions To be Extended in UK
British Prime Minister Boris Johnson is expected to announce that the end of COVID-19 restrictions will be delayed due to the rapid rise...
Asia Residual Fuel Market: Key Market Indicators This Week
Discussions for the Singapore Marine Fuel 0.5%S July/August spread June 14 rose to 25 cents/mt compared with the June 11 assessment of 20 cents/mt...
NYK To Order 12 LNG-Fueled Car Carriers
Japan’s shipping company NYK Line will order 12 new LNG-fueled vehicle carriers for $912 million (100 billion yen) to reduce CO2 emissions, says an...
NexTier Field Tests the NOV Ideal eFrac Pump
NexTier Oilfield Solutions Inc. announced that it successfully field tested the NOV Ideal eFrac pump with power sourced from multiple natural gas reciprocating engines.
...
Oil Demand To Shoot Up Above Pre-Covid Levels by Dec 2022
Oil demand is set to rise above pre-COVID levels by the end of 2022, but oil producers will need to boost production, the International...
IMO’s Remote Meeting To Cut Greenhouse Gas Emissions
The Marine Environment Protection Committee of the International Maritime Organisation (IMO) is due to meet between 10 and 17 June 2021.
The aim of...
Awilco LNG Seals New Charter Deal
Norway’s Awilco LNG has entered into a new charter agreement for 2013-built 156,000 cbm LNG carrier WilPride.
Direct Continuation
The charter is for a period of...
Premium Services Fees Could Rise Even Higher
Premium services fees imposed by shipowners in the trans-Pacific spot market could rise even higher in June after widespread omissions of port calls in...
Stricken Oil Tanker Needs IMO’s Swift Action, No Maintenance Since 2014
The international efforts carried out over the past year to assess the risk of a massive oil leak or explosion from the Safer, have been...
[FAQ] The Ultimate Guide To Bearing Scraper
Although precision engineering methods make fitting a simple matter, some activities still require that parts be assembled using hand fitting. Scrapers are...
