An innovative concept for a floating LNG (FLNG) vessel utilizing storage tanks from older LNG carriers has been granted approval in principle (AIP) by ABS. The design, jointly developed by Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and JGC Corporation (JGC), supported by Japan’s Ministry of Land, Infrastructure, Transport and Tourism, involves transferring and reusing LNG …
ABS AIP for “K” LINE and JGC’s Innovative FLNG Design Read More »
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), announced today the signing of a Ship Building Contract for the construction of two 175,000 cubic metre LNG vessels that will join its fleet in 2025. The purchase, part of the company’s broader growth and …
ADNOC L&S expands its shipping fleet with acquisition of two new-build LNG vessels Read More »
QatarEnergy signed a series of time-charter parties (TCP’s) with a subsidiary of Mitsui O.S.K Lines (MOL) for the long-term charter and operation of 4 LNG ships, constituting the first batch of TCPs awarded under QatarEnergy’s massive LNG shipping programme. Concurrent with the signing of the TCPs, back-to-back LNG carrier shipbuilding contracts were signed between MOL …
QatarEnergy awards first batch of LNG ship-owner contracts Read More »
Charterparty –Applicable version of Interclub Agreement (“ICA”) – Whether shipowners’ claim was a “Cargo Claim” – Whether claim was “properly settled” –Whether “clear and irrefutable evidence” that alleged damage was attributable to the act or neglect of either party This arbitration concerns the interpretation of the ICA clause incorporated in a charterparty in the context …
Innosea, the international engineering, design and R&D consultancy within marine renewable energy sector, has expanded its European presence to the Spanish market. The post Marine renewables specialist Innosea sets up shop in Spain appeared first on Offshore Energy.
NOAA-funded Ocean Exploration Cooperative Institute (OECI) has taken delivery of an iXblue DriX uncrewed […] The post US Ocean Exploration Cooperative Institute takes delivery of iXblue DriX USV appeared first on Offshore Energy.
Global engineering company Wood will provide services for Total Eren’s H2 Magallanes project, a large-scale green hydrogen production facility in Southern Chile. The post Wood to engineer Total Eren’s H2 Magallanes project in Chile appeared first on Offshore Energy.
ANL, a subsidiary of French container and logistics shipping giant CMA CGM Group, has completed the first biofuel trial on a containerised shipping vessel within Oceania. The post ANL conducts first-ever container shipping biofuel trial in Oceania appeared first on Offshore Energy.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO in the main world hubs) turned into firm upward evolution on Apr.13: 380 HSFO – USD/MT – 712.01 (+13.24) VLSFO – USD/MT – 921.54 (+4.06) MGO – USD/MT – 1 173.82 (+38.39) Correlation of MABUX MBP Index …
MABUX: Firm upward evolution continues in the global bunker market on Apr.14 Read More »
Global sea freight rates witnessed sharp drops in March with some areas down by around 50 percent, an indication of mixed factors, including sluggish global demand driven by the slow recovery from the COVID-19 pandemic, surging US inflation, the Russia-Ukraine conflict and COVID-19 flare-ups in some parts of China. Judging from the falling shipping rates, …
Falling shipping rates portend slow growth in China’s foreign trade Read More »
