Höegh LNG Firms FSRU Orders in South Korea
Posted On: 18-01-2017
Norway-based owner and operator of floating liquefied natural gas (LNG) import terminals Höegh LNG Holdings has signed contracts with two South Korean shipbuilders for the construction of two floating storage and regasification units (FSRUs), with an option for additional three FSRUs. The first shipbuilding contract (SBC) was inked with Samsung Heavy Industries (SHI) for the construction of one ..readmore
Subsea 7 Loses Petrobras Contract
Posted On: 18-01-2017
Subsea 7 has received an early termination of the day-rate contract for its pipelay support vessel (PLSV) Seven Mar from the state-owned Brazilian firm Petrobras. The termination is effective January 16, 2017, the company informed. The contract was due to expire next year. The Brazilian government has reportedly withdrawn the operating license for the vessel to prioritise ships within its own fl..readmore
Africa, Asia Join Efforts for Anti-Piracy Information Sharing
Posted On: 18-01-2017
A meeting in Singapore (11-12 January) has seen African and Asian countries join efforts to promote greater networking and communications across anti-piracy contact points in the two continents. Speaking at the meeting, International Maritime Organization (IMO)'s Head of Maritime Security, Javier Yasnikouski, commended the initiative, saying that the efforts contribute directly to IMO’s work ..readmore
9th Prefabrication & Modular Construction Summit 2017
Posted On: 10-01-2017
Current and Future Trends of Prefabrication and Modular Construction Across the Globe: A MUST-KNOW Approach for ALL Oil, Gas, Chemical, Petrochemical Operators, Energy, Utilities, Asset Owners & EPC Contractors From project efficiency to the ease of build, it is no surprise that modular construction is sweeping the industry. Prefabrication and modular construction processes have been used for y..readmore
Port Authority of Valencia to Upgrade Its Ports
Posted On: 05-01-2017
Spain’s Port Authority of Valencia (APV) has unveiled its intentions to invest more than EUR 233 million into its three state-owned ports of Valencia, Sagunto and Gandía, until 2020. The port authority said that it would invest EUR 56.1 million into modernization works in 2017, while the remaining amount of EUR 177 million would be invested during the period from 2018 to 2020. A total of EUR ..readmore
STX, MSC Finalize Deal for Meraviglia-Plus Cruise Ships
Posted On: 26-12-2016
Cruise giant MSC Cruises and French shipbuilder STX France have finalized the contract details for the previously announced two options for Meraviglia-Plus class cruise ships. The contract has come into force, with vessel delivery scheduled in October 2019 replica horloges and July 2020, respectively. “I am extremely pleased to see us continuing t..readmore
Turkey Opens First Floating LNG Import Terminal
Posted On: 26-12-2016
Turkey’s first floating liquefied natural gas import terminal, ETKI LNG terminal, was inaugurated on December 23 by French energy distribution company ENGIE and the Turkish construction companies Kolin and Kalyon. Located close to Çakmakli, Izmir, the new facility was developed as a Floating Storage and Regasification Unit (FSRU) based solution. One of ENGIE’s two FSRUs, the Neptune, was co..readmore
Offshore Wind Farm Powers Up in US
Posted On: 15-12-2016
Power developer Deepwater Wind said its Block Island Wind Farm has begun delivering electricity into the New England region’s grid, becoming the United States’ first commercially active offshore wind farm. The energy produced from the Block Island Wind Farm is linked to the New England grid via Block Island and mainland Rhode Island by National Grid’s new sea2shore submarine transmission c..readmore
Posted On: 15-12-2016
Oil and gas major Total has joined SEA\LNG, a multi-sector industry coalition created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Total is involved across the entire LNG chain, from extracting natural gas onshore and offshore to processing plants where it is liquefied, stored and shipped in a fleet of specially designed carriers to regasification termina..readmore
Cruise Sector Expect More Investment in 2017
Posted On: 15-12-2016
The trade association Cruise Lines International Association (CLIA) is predicting a steady pace of cruise travel interest and significant investment in the industry in 2017. An increase in cruise travel is expected in 2017, with an estimated 25.3 million passengers from 15.8 million just 10 years prior (2007). More ships will set sail in 2017 as well. CLIA reports that cruise lines are schedul..readmore
Mediterranean Ports Unite Behind Southern Gateway Alternative
Posted On: 14-12-2016
Ports from around the Mediterranean coast are to form an organisation to promote the region’s role in global maritime trade and to co-operate on issues including security, the environment and supply chain innovation. Representatives of 25 port authorities from southern Europe and North Africa as well as Bulgaria, Turkey and Israel along with the professionals from the Euro-Mediterranean shippin..readmore
'Major Port Trust Authorities Bill, 2016' approved by India
Posted On: 14-12-2016
The Union Cabinet of India, chaired by the Prime Minister, has approved the Major Port Authorities Bill, 2016, replacing the Major Port Trusts Act, 1963. This is a move aimed to introduce greater efficiency and professionalism in governance of ports through full autonomy in decision making and by modernizing the Institutional structure of Major Ports. The official statement said that the Union Ca..readmore
New Water Resources Bill for US
Posted On: 14-12-2016
The US has adopted a final water resources development bill which focuses on the Harbor Maintenance Tax, providing a continuation of the donor and energy transfer port program, as well as on modernizing the channel deepening cost-share formula. The Water Infrastructure Improvements for the Nation Act (WIIN), is the bill which modernizes the cost-share depth for navigation construction projects fr..readmore
HMM Plans to Control 5% of Global Market Share by 2021
Posted On: 14-12-2016
A media reports that the Hyundai Merchant Marine (HMM) plans to take 5% of global market share by 2021 by means of various measures including its latest agreement to join the 2M network.HMM currently control 2.2% of global container capacity, said it intends to improve cost competitiveness by focusing on the Asia-US route and raising wet bulk carriers rather than dry bulk vessels. HMM will also..readmore
NextDecade and FLEX LNG Signs HOA on FSRU Solutions
Posted On: 15-12-2016
NextDecade Global Solutions, a subsidiary of NextDecade, and FLEX LNG have signed a heads of agreement (HOA) to create a full value chain solution for clients looking to purchase liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.Initially, NextDecade and FLEX LNG will develop floating storage and regasification unit (FSRU) and dockside solutions fo..readmore
MSC Signs Global Declaration of Intent Against Counterfeiting
Posted On: 12-12-2016
Mediterranean Shipping Company (MSC) has signed an official declaration, designed to prevent the maritime transportation of counterfeit goods.The declaration is the work of the International Chamber of Commerce, which launched the Business Action to Stop Counterfeiting and Piracy (BASCAP) in 2004. BASCAP’s mission is to encourage government action and to enhance the campaigning voice of busi..readmore
Seaspan’s First Eco Ferry Arrives from Turkey
Posted On: 12-12-2016
Canada’s Seaspan Ferries Corporation (SFC) has welcomed the Seaspan Swift, the first of two new dual-fuelled/hybrid (diesel, liquefied natural gas and battery) ferries ordered from Turkish Sedef Shipyard. The new vessel, currently docked at the SFC Tilbury Terminal in Delta, arrived in Canada after an eight-week journey that spanned a total of 10,661 nautical miles following its construction i..readmore
98,000 dwt Semisubmersible Delivered
Posted On: 13-12-2016
China’s COSCO Shipping Specialized Carriers Co. Ltd. has taken delivery of its newest semisubmersible vessel, the 98,000 dwt Xin Guang Hua – the largest of the COSCO semisub fleet and reportedly second largest in the world. Large enough to transport fully integrated offshore floating production units weighing up to 85,000 tons, the m/v Xin Guang Hua was purpose built readmore
HHI Receives $650 mln Order from Iran for 10 ships
Posted On: 17-10-2018
South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran's state-owned shipping company, South Korea's Yonhap News Agency reported on Saturday, citing a Hyundai Heavy spokesman. The company will build container ships and tankers for Islamic Republic of Iran Shipping Lines, with delivery starting in 2018, Yonhap cited the spokesman as sayi..readmore
Maersk line and MSC enter strategic cooperation with HMM
Posted On: 12-12-2016
Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) have reached an agreement to enter into a new strategic cooperation. The cooperation is a combination of slot exchanges and slot purchases between the three parties, as well as Maersk Line and MSC taking over a number of charters and operations of vessels currently chartered to HMM. Although the cooperation is ou..readmore
