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Kuwait Signs LNG Import Deal With Shell

Dec 25, 2017

Kuwait Petroleum Corp. (KPC) has signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand. A report in Bloomberg said that the sales purchasing agreement with Shell International Trading Middle East Ltd…

Keppel O&M to Pay US$422m to Resolve Petrobras Issue

Dec 24, 2017

Keppel Corporation Limited (Keppel Corporation or Keppel) today confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by KOM's former agent in Brazil…

HSH Nordbank to Exit First Ship Lease

Dec 24, 2017

HSH Nordbank AG's  subsidiary Godan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is looking to divest all its shares in FSL Holdings, the sponsor of the trust, reported Business Times. The report quoted FSL Trust…

Denmark: New Regulations for Operating Personal Watercraft

Dec 24, 2017

When new regulations of the Danish Government become effective from 1 January 2018, operators of personal watercraft must complete a theoretical as well as a practical test. As part of the Danish Government’s efforts to enhance the safety of those using the sea for recreational purposes…

Underwater Fire - Exploring Submarine Volcanoes

Dec 24, 2017

Most of Earth’s volcanoes are in the oceans, yet scientists know very little about them compared to volcanoes on land. Schmidt Ocean Institute’s research vessel Falkor recently completed a 41-day expedition near Tonga, using cutting-edge technology to map…

International Seaways Acquires Six VLCCs

Dec 22, 2017

International Seaways has entered into a binding letter of intent to acquire the holding companies for six 300,000 DWT VLCCs with an average age of 1.7 years from Euronav NV in connection with the closing of Euronav’s announced acquisition of Gener8 Maritime…

GTT Bags Korean Order for Three New LNG Carriers

Dec 22, 2017

GTT has received an order from a South Korean shipyard regarding the design of the LNG tanks of 3 new LNG carriers. The deliveries are due in the first semester of 2020. GTT will design the LNG tanks of the units, each having a capacity of 174…

MPI Pact with Eneco for Prinses Amaliawindpark

Dec 22, 2017

MPI Contractors B.V. has signed a contract with Eneco Windmolens Offshore B.V. to provide offshore transport and lifting services during main component replacements planned for wind turbines in the Prinses Amaliawindpark.  This Agreement…

Ice-Breaking LNG Carrier for Yamal LNG Project Named Vladimir Rusanov

Dec 22, 2017

Mitsui O.S.K. Lines (MOL) announced that on December 21, a naming ceremony for an ice-breaking LNG carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering  (DSME)…

Asian LNG Spot Prices Jump on Chinese, Japanese Demand

Dec 22, 2017

Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan.Spot prices <LNG-AS> for February delivery leapt 70 cents to $11.20 per million British thermal units (mmBtu).Malaysia's Petronas…

Cars Transported by Sea up 5% in '17

Dec 22, 2017

Clarksons Research on the oceangoing car carrier sector finds that 20.5 million cars were expected to be traded by sea in 2017, up by 5% year-on-year. Further Clarksons found that the overall global car carrier fleet was expected to grow slowly in full year 2017…

Alabama, APM Invest in Port of Mobile

Dec 21, 2017

The Alabama State Port Authority (ASPA) and APM Terminals boards of directors in separate actions have approved a $49.5 million expansion of the container facility at the Port of Mobile.  The Port Authority and APM Terminals jointly will…

Dynagas Announces TC for LNG Carrier Pair

Dec 21, 2017

Dynagas LNG Partners has announced that a Partnership has entered into a new three year charter agreement with Statoil ASA (Statoil) for the employment of the Arctic Aurora, its 2013-built, 155,000 cubic meter, tri-fuel diesel engine, ice class liquefied natural gas (LNG) carrier…

Diana Shipping Updates on Time Charter Contracts

Dec 21, 2017

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Phaethon International Company AG…

ABS Approves New VLEC Concept

Dec 21, 2017

ABS, a leading provider of classification and technical services to the global marine and offshore industries, granted Approval in Principle (AIP) for a new very large ethane carrier (VLEC) concept developed by Hudong-Zhonghua Shipbuilding (Group) Co…

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