Liquefied natural gas shipping company Flex LNG is expanding its fleet of vessels on the water earlier than planned. Courtesy of Flex LNG In a brief statement through its social media channels, Flex LNG informed that it will bring forward the delivery of its Flex Volunteer liquefied natural gas carrier. The vessel capable of transporting …
US offshore wind developer Mayflower Wind said that the price of electricity generated at its 804 MW wind farm offshore Massachusetts is on track to go down by around 10 per cent. This is due to the recently increased and extended federal Offshore Wind Energy Investment Tax Credit, the developer said. Mayflower Wind, a 50/50 …
Mayflower Wind electricity users stand to save $ 500 million Read More »
Owners of a Bermuda flagged ship or yacht who are not resident in Bermuda, or do not otherwise have their principal place of business in the jurisdiction, are required to appoint a local Principal Representative in Bermuda in connection with the vessel. Conyers is able to provide Principal Representative services in connection with any Bermuda …
Spanish LNG terminal operator Reganosa will run and maintain a LNG regasification terminal in Tema, Ghana. Courtesy of Reganosa Currently under construction, the Tema LNG terminal is the first offshore LNG receiving terminal in sub-Saharan Africa, with both of its storage and regasification units floating. It is backed by Helios Investment Partners and Africa Infrastructure …
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa, is searching for a new Chief Financial Officer (CFO) following the resignation of Khaled Hassan, the group’s current CFO. ADES International Hassan has decided to step down from his position to pursue a greater role outside of …
The Korean Register (KR) has awarded Approval In Principle (AIP) for an LNG carrier with a prismatic IMO type-B tank built by Hyundai Mipo Dockyard (HMD). The ship is a small to medium-sized LNG carrier with a B-type cargo tank developed as a result of a technical collaboration project between KR and HMD, which began …
HMD wins AiP for 30,000m3 LNG carrier with prismatic IMO type-B tank Read More »
Spanish Valenciaport is making its debut in 2021 by joining the club of twelve international ports committed to decarbonisation and emission reduction projects. The Port of Valencia (PAV) is now a member of the World Ports Climate Action Program (WPCAP), a working group that jointly promotes actions against climate change and that collaborates closely with …
Valenciaport joins World Ports Climate Action Program Read More »
Oil and gas company Energean has completed its acquisition of Total’s entire 50 per cent working interest share and operatorship position in Block 2, offshore Western Greece. Block 2 offshore Western Greece; Source: Energean Energean signed an agreement for the acquisition of Total’s stake in Block 2 off Greece in late February 2020. Combined with …
Energean takes over Total stake in block off Greece Read More »
Australia’s FAR Limited has once again postponed a shareholder meeting scheduled to approve its stake sale in the Sangomar project in Senegal to Woodside to consider a takeover proposal from Remus Horizons. As previously reported, Remus, a private investment fund, is exploring options to acquire a 100 per cent of the shares in FAR at …
FAR delays Sangomar sale to assess takeover offer Read More »
We are without a doubt in one of the strongest bull-markets for the container carriers seen in the last few decades, with container rates on many trade lanes setting records week after week. But how long will this last? The answer to this question is incredibly important for anyone – shipper and carrier alike – …
