Höegh LNG Holdings Ltd. said it has received commitment letter for a sale and leaseback financing for another floating storage and regasification unit (FSRU) of up to $206 million. FSRU #10 is currently under construction at Samsung Heavy Industries in...
Read more
Partners Aim to Enhance LNG Transfer Efficiency
Trelleborg’s marine systems operation and Australasian engineering consultancy Synertec have formed a strategic partnership to meet demand for more accurate and efficient liquefied natural gas (LNG) custody transfer. Under the new agreement…
Read more
Pope Urges Action Against Plastic in Oceans
Pope Francis, who has spoken strongly for action against global warming in recent years, called on Saturday for people to work together to stop the world's oceans filling up with plastic waste."We cannot allow our seas and oceans to be littered by endl...
Read more
Gulf Platforms Shut ahead of Hurricane
U.S. oil prices edged up on Tuesday, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.U.S. West Texas Intermediate (WTI) crude futures were at $70.04 per barrel at 0034 GMT…
Read more
Unipec Books Tankers to Ship Crude from US to Asia
China's Unipec has provisionally booked two very large crude carriers (VLCC) to ship crude oil from U.S. Gulf coast to Asia, shipping fixtures showed on Tuesday.New Courage has been tentatively booked to load crude oil from U.S. Gulf coast on Sept.
Read more
Transocean to Buy Ocean Rig in $2.7 Bln Deal
Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.The acquisition signals new o...
Read more
Greek Seamen End Strike after Reaching Deal on Wage Increase
Greek seamen on Tuesday called off a strike that had kept ferries and passengers stranded in ports around the country, after reaching a deal with employers on a wage increase.The strike, which started at 0600 (0300 GMT) on Monday, was led by the PNO se...
Read more
GTT Bags LNG Carrier Tank Design Contract
France-based GTT said it has received a new order notification from a Korean shipyard for the tank design of a new 174,000 m3 liquefied natural gas (LNG) carrier, to be built on behalf of a European shipowner.The LNG tanks of the vessel will…
Read more
Kongsberg Debuts New Condition Monitoring Solutions
Kongsberg Maritime is showing its new integrated Condition Monitoring solutions portfolio for the first time at SMM 2018 in Hamburg this week.By taking a more complete, holistic approach to condition monitoring, KONGSBERG’s new solutions enable…
Read more
Amazon eyes Chilean skies as it seeks to datamine the stars
Amazon.com is in talks with Chile to house and mine massive amounts of data generated by the country's giant telescopes, which could prove fertile ground for the company to develop new artificial intelligence tools.
Read more