The U.S. Energy Department on Wednesday approved liquefied natural gas exports from two projects, as lawmakers pressed the administration to move quickly to clear a backlog of applications to ship gas abroad.Sempra Energy's Cameron LNG facility…
GE Marine and Dalian Shipbuilding Industry Company (DSIC) announced at the SMM 2014 exhibition they have received Approval in Principle (AIP) for their jointly developed gas turbine-powered LNG carrier design. The AIP, issued by Lloyd’s Register…
DHT Holdings, Inc. announced today that it has entered into an agreement to acquire all the outstanding shares of Samco Shipholding Pte. Ltd., a private company incorporated under the laws of the Republic of Singapore. Samco owns and operates…
ABS, a provider of classification services to the maritime and offshore industries, has been chosen to class the world's first contracted series of very large ethane carriers (VLECs).The class contract for the ships, which will be built…
Transfer of flag follows ABS' designation as Recognized OrganizationABS has added the first Japanese-flagged vessel to its classed fleet after having been awarded the status of a 'Recognized Organization' (RO) by the Japanese government…
On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc Saverys who was appointed Vice Chairman of the Board of Directors.Saverys said…
Chemical Tankers had an EBITDA of $24 million, compared with $17 million in the first quarter. Improved utilization with only minor interruptions of trade. Time-charter results were up by 10%.Odfjell's shareholding in the tank terminals…
Tanker Shipping: Crude oil tankers out-perform their oil product peers in a market full of surprisesDemandSome time ago, BIMCO expected the first signs of a solid recovery in the oil tanker industry to appear in the product tanker market…
The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects.Beginning Thursday, the department…
FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust) has generated a profit of $1 million for the 2Q of the 2014 financial year. This profit compares to a $7.2 million loss for the 2Q’s corresponding previous year…
In the early hours of Saturday 9th August 2014, the radar of a product tanker transiting south, 200 nautical miles off the Nigerian shoreline detected a probable pirate mother ship lying in wait close to its track. Shortly after detecting the vessel…
Dryad Maritime COO Ian Millen tells of an audacious open-ocean ambush of a product tanker in Gulf of Guinea and wonders if this attack heralds a new trend in offshore African piracy, as follows:'In the early hours of Saturday 9th August,…
According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits…
Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, introduced H.R. 5270, the Growing American Shipping Act, which aims to modernize U.S…
ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN).The award for the precedent-setting ship…
