Last week, the UP World LNG Shipping Index (UPI), the only stock index focused on LNG shipping companies, rose for the sixth consecutive week. UPI increased by 0.33 points or 0.21%, reaching 154.63 points. In contrast, the S&P 500 (SPX) index, representing U.S. stocks, lost 2.27%. Both indices can be found in the image provided …
Despite circularity being a hot topic across industries, very few systems are implemented to put materials back into circulation. Experts say we currently use 60% more resources than the Earth can provide. Switching to a circular economy is seen as the way forward, and according to research, the approach could unlock USD 4.5 trillion of …
Unlocking Circularity: Maximising Value and Minimising Waste Read More »
In the half year of 2023, the cargo volume of Chinese ports was 8188.8 million tons, a year-on-year decrease of 8.0%; the container throughput of Chinese ports was 149.2 million TEU, a year-on-year increase of 4.8%. The chart below shows the cargo throughput and container throughput data of the twelve major ports in China. l …
Canada-headquartered oil and gas player Zenith Energy has washed its hands of negotiations regarding a production sharing contract (PSC) for a block containing an oilfield offshore Benin in West Africa. Illustration; Source: Zenith Energy Zenith Energy was awarded a three-month exclusivity period in January 2023 to negotiate and finalise terms of a production sharing contract for Block 1, which …
Canadian firm turns its back on oilfield in West Africa Read More »
DOF Group has secured what it describes as a “significant” SURF contract to deliver services for a tier 1 contractor and operator in West Africa. Source: DOF Group DOF reported that it had secured a SURF contract in the region of $80-100 million for the construction support vessel (CSV) Skandi Acergy, with 326 days of firm …
West Africa gig to keep DOF vessel busy for 326 days Read More »
The Clean Autonomous Public Transportation Network (CAPTN) has reached a milestone in autonomous shipping with the opening of the control center for monitoring and remote control of the research vessel, catamaran MV Wavelab. CAPTN Partners in the CAPTN Förde 5G project are the Kiel University, the City of Kiel, Port of Kiel as well as …
German research consortium reaches milestone in autonomous ferry transportation Read More »
The U.S. Environmental Protection Agency (EPA) has settled with French container shipping major CMA CGM over claims of violations of EPA’s vessel general permit issued under the Clean Water Act. Illustration; Image by Navingo Under the terms of the settlements, CMA CGM will pay $165,000 in penalties for claims of violations by four of the …
CMA CGM settles Clean Water Act violations with EPA Read More »
The German Environmental Aid (Deutsche Umwelthilfe – DUH) has filed a lawsuit against the operation of the LNG terminal ship Neptune in Lubmin on the Baltic Sea as it considers it illegal. FSRU Neptune; Archive; Courtesy of Hoegh LNG With the lawsuit at the Federal Administrative Court, the DUH is demanding that Deutsche ReGas revoke …
DUH takes legal action against LNG terminal in Lubmin Read More »
El puerto que más ha crecido porcentualmente de todo el sistema portuario es el de la provincia de Granada con un incremento del 22,4 %. El presidente de la Autoridad Portuaria de Motril, José Garcia Fuentes, ha destacado el “gran esfuerzo” realizado por el Puerto de Motril que preside, la lista de crecimiento en el …
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