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Monthly Archives: February 2019

Excelerate, Equinor Perform First STS LNG Transfer

The first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) was completed in The Bahamas by Excelerate Energy and Equinor Energy AS.According to Excelerate, which provides transportation and marketing of LNG, its floating storage…
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Sunken Stellar Daisy Located

The Stellar Daisy, a massive South Korean tanker that sank in March 2017, was spotted on the floor of the South Atlantic Ocean nearly two years later.Exploration company Ocean Infinity said that it has located the wreck of the lost South Korean tanker…
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Suez Canal Extends Bulker Toll Discounts

The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”."SCA pays more attention to its users best ...
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EIA: Azerbaijan Surges in Natural Gas

Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in its report.The EIA’s report notes that Azerbaijan’s exports of natural…
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Oil & Gas M&A Deal Value Up in 2018

Global oil and gas total deal value increased by US$ 79.7b during 2018 to reach US$426.8b, despite a decrease of 18% in deal volume, said EY Global oil and gas transaction review 2018.It said that while the first two quarters of 2018 saw greater deal a...
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Kenya Trains Maritime Security Officials

Maritime law enforcement officials from Kenya are taking part in a two week training course on best practices for visit, board, search and seizure of vessels, in Mombasa, Kenya (11-22 February).The multi-agency course brings together 30 officials…
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TEN Wins TC for Two Tankers

Greek shipping company Tsakos Energy Navigation (TEN) announced the contract for the building of two suezmax crude tankers which upon delivery will enter into minimum five maximum 12-year contracts to a significant oil major.The time charter equivalent...
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Indian Seafarers Employment Soared 35% in 2018

The number of Indian seafarers employed on Indian or foreign flag vessels increased by 35 per cent in 2018 on the back of a series of measures taken in the last four years, said the shipping ministry. "The shipping sector has witnessed an unprecedented…
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