Asian Aframax freight rates hit a two-year low June 22 amid a sharp decline in cargo volumes and an increasing surplus of tonnage in Southeast Asia and the Persian Gulf, S&P Global Platts data showed. The key Persian Gulf-East route basis 80,000 mt was assessed at Worldscale 60 on June 22, equating to $12.34/mt. It …
Asian Aframax rates hit 2-year low amid ample supply as cargo volumes fall Read More »
The adoption of the ‘Initial International Maritime Organization (IMO) Strategy on Reduction of Greenhouse Gas (GHG) Emissions from Ships’ by IMO Resolution MEPC.304(72) in April 2018 demonstrates IMO’s commitment to support the Paris Agreement. The IMO strategy includes initial targets to reduce as compared to 2008 levels the average CO2 emissions per ‘transport work’ by …
RightShip, the world’s largest maritime risk management and environmental assessment organisation, has announced support for The Mission to Seafarers in their work to protect the well-being of seafarers around the world, with an unrestricted donation of US$25,000. Although many countries are starting to ease COVID-19 restrictions, and despite vigorous efforts by the shipping industry, many …
Maritime Law specialist Hill Dickinson’s position at the centre of the Hong Kong shipping services sector has been further emphasised by the reaffirmation of its place on an important maritime board. Edward Liu, Hill Dickinson counsel in Hong Kong, has been reappointed by the Secretary for Transport and Housing as a co-opted member of the …
Edward Liu reappointed to Hong Kong Maritime and Port Board Read More »
Watson Farley & Williams (“WFW”) has advised long-standing client Globus Maritime Limited (“Globus”) in connection with a public offering, raising approximately US$12m. In the offering, which priced on June 18, 2020, units consisting of one common share (or pre-funded warrant) and Class A warrants were sold in an underwritten public offering registered with the SEC …
WFW advises Globus Maritime on US$12m public offering Read More »
Belgian electricity and gas supplier Lampiris and Otary have approved a long-term power purchase agreement (PPA) for all of the electricity generated at the 309 MW Rentel offshore wind farm. The agreement must still be submitted for approval to the Electricity and Gas Regulation Commission (CREG). If approved, the PPA will start on 1 October …
Total’s Belgian subsidiary to buy all of Rentel’s electricity Read More »
UXOcontro has completed the UXO identification campaign for the Kincardine offshore wind farm. Located approximately 15km off the south-east coast of Aberdeen, Kincardine offshore wind farm has a nominal capacity of 50 MW. It comprises offshore floating wind turbine structures, an offshore export cable, a landfall and an onshore export cable. UXOcontrol’s first UK contract as …
UXOcontrol completes Kincardine offshore wind farm campaign Read More »
Liquefied natural gas (LNG) exports from the United States have declined by more than half so far in 2020, the U.S. Energy Information Administration said. Courtesy of Freeport LNG Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas for export were a record 9.8 billion cubic feet per day (Bcf/d) in late …
EIA: U.S. year-to-date LNG exports more than halved Read More »
Europa 2, a cruise ship operated by Germany-based cruise line Hapag-Lloyd Cruises, has had its cold ironing connection certified by the classification society DNV GL. Image Courtesy: Hapag-Lloyd Cruises This is the first time a cruise ship has been using cold ironing for a long period of time, according to Hapag-Lloyd Cruises. The cruise vessel …
Hapag-Lloyd Cruises: Europa 2’s cold ironing certified by DNV GL Read More »
Taiwan’s CS Wind and Chin Fong Machine Industrial have completed the first 20 locally-made offshore wind turbine towers, Siemens Gamesa said. These are the first-ever turbine towers to be made in Taiwan for a Taiwanese offshore wind project, according to Siemens Gamesa. Source: Siemens Gamesa Scheduled for delivery in 2021, the turbine towers will support …
Siemens Gamesa showcases first Taiwan-made turbine towers Read More »
