Indonesia's state owned energy holding company, Pertamina, has decided not to go ahead with what would have been the country's second land-based receiving terminal for liquefied natural gas (LNG), its chief executive said on Monday.Indonesia has forecast sharp increases in gas demand after 2020…
Malayasia-based MISC Berhad has secured a long-term charter contract from Hess Exploration and Production Malaysia for the lease of a floating, storage and offloading facility (FSO) known as FSO Mekar Bergading on a bareboat basis. The…
Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier 'Vladimir Rusanov', which is jointly owned by MOL and China COSCO Shipping Corporation, has successfully arrived at the Bering Strait. The vessel carried out a LNG loading operation in the Yamal LNG plant at Sabetta port…
Egypt's government denied in a statement on Thursday that the Suez Canal Authority was seeking a 300 million euro loan from Gulf lenders. Three senior banking sources that did not wish to be named had told Reuters last week that the authority…
South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) has bagged an order from the Angelicoussis Shipping Group’s unit Maran Gas Maritime, for a floating storage and regasification unit (FSRU). The local media which quoted DSME sources saying Tthat the vessel with a 173…
Navios Maritime Midstream Partners, an owner and operator of tanker vessels, announced today that its board of directors has received a proposal from Navios Maritime Acquisition Corporation pursuant to which Navios Acquisition would acquire…
Libyan oil production could face protracted disruption as factions in the east seek to seize control of crude exports, adding pressure to a tight global market.Eastern factions have tried to take over oil exports in the past but have struggled…
Consistent high performance by the UK Ship Register has seen it rise four places in the world under standards set by the Paris Memorandum of Understanding (MoU).It means the UKSR is now fifth under an assessment based on the total number…
Leonid Mikhelson, Chairman of the Management Board of PAO Novatek and Sergey Frank, General Director of PAO Sovcomflot have signed a Strategic Cooperation Agreement on developing a strategic partnership to transport hydrocarbons (LNG and gas condensate) produced at Yamal LNG…
Shipping confidence held steady in the three months to end-May 2018 according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was unchanged at the four-year high of 6…
Crowley Fuels and Eagle LNG Partners have signed a multi-year agreement to provide a pharmaceutical company in Puerto Rico with containerized liquefied natural gas (LNG), an expansion of LNG supply chain services for customers seeking cleaner…
The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States - but the most likely destination for much of that oil is California. Faced with declining…
Today marks Panama Canal's two-year anniversary of the inauguration of its Canal Expansion. It is the largest enhancement project in the waterway’s 103-year history. To date, the Canal has transited 3,745 Neopanamax vessels.The performance…
Chembulk Tankers named Steve Laino its Chief Commercial Officer, based out of the Southport office and responsible for all facets of our commercial strategy worldwide, including chartering, projects and client relations. Laino comes to Chembulk…
BNSF Railway Co on Monday said it could resume service Tuesday on a stretch of northwestern Iowa track damaged when a train left the track and crude oil spilled from derailed cars. The crude oil train derailed near Doon, Iowa, on Friday…
