CSOV & SOV Designs Unveiled By Singapore Partners
Singapore-based Marco Polo Marine and naval architect Seatech Solutions are to co-develop two specialised vessels for the offshore wind industry.
These vessel features will reduce fuel consumption and emissions by up to 15-20%...
Port of London Authority Aims For A 60% Reduction In Carbon Emissions
An energy feasibility study has been conducted for the Port of London Authority (PLA) to identify opportunities to integrate low-carbon technologies across its sites and floating structures.
The Port of London Authority aims...
Cargo Ship Sinks, Sailor Missing
Iran has rescued 29 of the 30 crew members of a UAE-flagged cargo ship that sank in the Gulf amid high winds and rough seas, reports BBC.
Search on to find the missing sailor
An operation...
Washington Pilots Freight Info Exchange in Ongoing Supply Chain Battle
The US Department of Transportation announced on March 15 the launch of a major supply chain initiative, Freight Logistics Optimization Works (FLOW), intended to help speed up delivery times and reduce consumer costs, reports...
Equinor To up Gas Production, Cease Russian Oil Trading
Norwegian energy major Equinor has further distanced itself from Russian energy in the wake of Russia’s invasion of Ukraine, while opening additional production from North Sea fields to European customers, reports Rivera.
The official statement
Two...
Dynagas Confirmed as ‘ Undisclosed European Owner’ Of 200,000-m3 LNG Newbuilds
Greece’s Dynagas has been confirmed as the ‘undisclosed European owner’ that booked three 200,000-m3 LNG carriers at Hyundai Heavy Industries, says an article published in Riviera.
About the Contract
BRL Weekly Newbuilding Contracts confirmed Dynagas as...
Bunker Sales Fell In February As Traders Avoided Russia
Premiums of Fujairah-delivered 380 CST HSFO against the FOB Arab Gulf 180 CST HSFO cargo assessment averaged $19.31/mt in February.
The premiums averaged $13.55/mt over March 1-15, according to the data.
Traders said...
High LNG Bunker Prices Yet To Force LNG Dry Bulk To Switch Fuels
High spot LNG prices do not affect investment decisions
Scrubber-fitted ships provide the best returns in the current market
The high LNG bunker prices have not forced LNG-dual fuel dry bulk ships to switch...
Venture Global Pens Long-Term LNG Supply Deals
US LNG firm Venture Global LNG has signed two long-term liquefied natural gas supply deals with compatriot New Fortress Energy, says an article published in LNG Prime.
Sales and purchase agreement
Under the first LNG sales...
Japan To Sell Hout Crude From National Reserves To Stabilize Oil Prices
National oil reserves sales to amount 4.15 mil barrels
Japan starts releasing 7.5 mil barrels as part of IEA joint efforts
Japan plans to sell an additional 300,000 kiloliters, or 1.89 million barrels, of...