India’s imports of liquefied natural gas (LNG) during the month of November have jumped by close to 12 per cent from the corresponding month last year. Courtesy of Petronet LNG According to the oil ministry’s Petroleum Planning and Analysis Cell latest monthly report, LNG imports reached 2.89 billion cubic meters in November. This is 11.8 …
French transmission system operator RTE Réseau de Transport d’Electricité has issued a tender seeking insurance for the grid connection works of three floating offshore wind pilot projects. The first lot of the tender concerns the subscription of one or more construction all risks policies relating to the grid connection works of the Groix Belle Ile, Eoliennes Flottantes …
RTE issues tender for grid insurance at floating trio Read More »
Hitachi ABB Power Grids has introduced a 72.5 kV high-voltage hybrid switchgear for offshore wind – Plug and Switch System (PASS) M00 – Wind. The hybrid switchgear will be installed at China’s first 66-kilovolt offshore wind farm, Huadian Yuhuan Phase 1, to optimize the energy landscape in the Yangtze River Delta, the company said. Hitachi …
New Hitachi ABB Power Grids switchgear to debut offshore China Read More »
In Echo Star ex Gas Infinity [2020] SGHC 200, the action in rem was brought pursuant to the plaintiff’s maritime lien for damage done by another ship following a collision in the Strait of Hormuz. A maritime lien survives a change in ownership of the vessel. An action in rem is an action against a …
Dirty and clean tanker markets across Asia-Pacific are expected to stage a modest recovery next year, but pre-pandemic demand is unlikely to return anytime soon, unless there are a series of bullish surprises. Freight market participants do not expect next year to be worse off than second-half 2020 in terms of tanker demand, but are …
Slow recovery, sporadic rallies to be hallmarks for tankers Read More »
The fourth edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships is now available and lays the foundation for further improvements and refinement of companies’ cyber security risk assessments. The version 4 of the cyber security guidelines is published at a time when shipowners and ship managers are faced with …
Industry publishes new and improved cyber security guidelines Read More »
The Baltic Exchange’s main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 4 points, or 0.3%, …
Baltic index marks first yearly gain in three on China iron ore demand Read More »
The composite index increased 1% this week, and 169.2% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $2,129 per 40ft container, which is $590 higher than the five-year average of $1,539 per 40ft container. Drewry’s composite World Container index increased 1% or …
Drewry: World Container Index Up By 1% and 169.2% Y-o-Y Read More »
The COVID-19 pandemic continues to destabilize the world in more ways than one, as freight rates surge for trading firms in Asia as the result of global supply chain disruption. Trading firms are facing delayed deliveries and potential business losses, and pointing their finger at logistics companies. Freight rates between Shanghai and the UK rose …
Russia’s first cargo and passenger ship-to-ship LNG-bunkering vessel has been set afloat — shipyard specialists having completed the main stage in the vessel’s construction, including assembling the hull and installing LNG fuel tanks and other auxiliary systems, in record time. The vessel has been moved to dock for final installation of navigation systems and controls, …
