SINGAPORE – The cost to transport oil on supertankers soared on Thursday as major producers scrambled to secure vessels to ship more crude in a bid to regain market share and buyers took advantage of plunging oil prices.
Freight …
LONDON – Royal Dutch Shell is in talks to charter at least three supertankers to store crude oil at sea as traders brace for a sharp rise in global stocks after OPEC and its allies abandoned a production cut …
Connecticut private firm Prostar Capital plans to invest $100 million into a recently acquired terminal in the Caribbean that will be able to receive some of the largest oil tankers in the world.
Prostar bought the facility on …
Oil & Gas 360 Publishers Note: “Light sweet crude contains more naphtha, used in petrochemicals, and also has a lower sulphur content, making it suitable for very low sulphur fuel oil, which has been mandated for shipping since the …
Höegh LNG Partners LP’s (NYSE: HMLP) fourth quarter 2019 results will be released on Thursday, February 27, 2020, before the market opens
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Corpus Christi, TX, USA – The Port of Corpus Christi has received a federal grant of more than $17 million from the U.S. Department of Transportation – Maritime Administration to expand Oil Dock 3 as the …
Duke Energy reports fourth-quarter and year-end 2019 financial results
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Brookfield Infrastructure Reports 2019 Year-End Results
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Following nearly 10 years of relative price stability, shipping rates for crude oil tankers have fluctuated widely since mid-2018 because of a combination of geopolitical events and changes to maritime fuel specifications. The U.S. Energy Information Administration (EIA) estimates …
WASHINGTON – The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about …
Cheniere to Ring New York Stock Exchange Opening Bell in Celebration of 1,000th LNG Cargo Milestone
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New York-headquartered product tanker company International Seaways has closed on senior secured credit facilities worth a total of USD 390 million. The crude oil and petroleum product tanker company said that the facilities consists of a 5-year USD 300 …
Oceangoing ships powered by liquified natural gas are worse for the climate than those powered by conventional fuel oil, a new report suggests. The findings call into further question the climate benefits of natural gas, a fuel …
Euronav announces fourth quarter 2019 results
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One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for.
That’s the conclusion of a nonprofit that …
South Korea sending troops to Strait of Hormuz
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International Maritime Industries Signs Two “New Build Rig Orders” With ARO Drilling
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EnQuest has submitted plans to decommission a North Sea development and its production vessel less than five years after achieving first oil.
The UK-listed operator started up the Alma-Galia fields in October 2015 as tie-backs to the EnQuest Producer …
A giant LNG bunker vessel, which will be operated by French energy giant Total and owned by Japanese shipping company Mitsui O.S.K. Lines (MOL), has completed sea trials in China, according to an official from Bureau Veritas…
Enterprise and Navigator Load First Vessel at New Ethylene Export Terminal
…Bluewater Acquisition Corp. announces the appointment of Frederick Jones as Special Advisor to the Board of Directors
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Bolivian state-owned oil firm YPFB said on Saturday it has reached a deal with Petroleo Brasileiro SA to extend natural gas exports through the Bolivia-Brazil Gas Pipeline commonly known as Gasbol.
The so-called transition deal comes after …
SAN DIEGO – General Dynamics NASSCO delivered Lurline, the lead ship of the two-vessel Kanaloa Class, built for Honolulu-based shipping and logistics company, Matson. Lurline is the largest combination containership/roll-on, roll-off (“ConRo”) vessel constructed in the United States.…
JCN Newswire
– Two Vessels to Be Successively Completed and Delivered by 2023 –
– Applying technologies accumulated in LNG vessels to build LNG-fueled ferries
– Compared to conventional marine fuel oil, CO2 emissions per unit heat capacity are to …
Mitsubishi Heavy Industries, Ltd.
Delivery of FGSS for the first LNG fueled PCC built in Japan – It was the first delivery of the system for marine engines, and also the provision of the engineering service and technical support relating …
