Shipping
Polaris Shipping purchases used VLCC
Domestic Polaris Shipping in South Korea, which operates large-sized bulkers, has recently entered the VLCC shipping market through the purchase of second-hand VLCC.  According to TradeWinds and sources, it had acquired 320,000-dwt produc...
2020-02-07 09:20:13
DongHwa Entec to provide FGSS for tug
DongHwa Entec recently announced that it had signed a contract with Incheon-based Korea Gas Shipping Co. to supply FGSS (Fuel Gas Supply System) for Korea's first LNG-powered tug boat in early January. For the first time in Korea, LNG Tug boat...
2020-02-07 09:18:30
SK Energy completed VRDS
SK Energy CO., Ltd. (SK Energy) announced on January 31 that it has finished Vacuum Residue Desulfurization (VRDS), as mechanical completion. After announcing the new VRDS plan worth KRW 1trn in November 2017, the construction began in Jan...
2020-02-07 09:16:35
Gasum signed agreement for delivery LNG with Equinor
Energy company Gasum announced on January 31 that Gasum and Equinor have signed an agreement under which Gasum will deliver liquefied natural gas (LNG) to Equinor’s new crude shuttle tankers. The supply will commence when the shuttle tankers ...
2020-02-05 09:46:14
Neptune plans for a digital subsurface programme
Neptune Energy announced on January 28 that plans for a digital subsurface programme with the aim of discovering hydrocarbons 70 per cent faster, reduce exploration costs and bring discoveries into production up to three years earlier than curren...
2020-02-04 09:54:40
Korea promotes LNG-fueled tug boat
To carry out its project to apply LNG fuel propulsion system in old tug boats in the Port of Ulsan, the Ulsan Port Authority (UPA) of Korea has recently announced that it entered into an agreement last December with the Ministry of Oceans and Fis...
2020-02-04 09:23:15
KR-POS SM to set up maritime platform
The Korean Register of Shipping (KR) signed a memorandum of understanding (MOU) with its compatriot ship management outfit POS SM in order to set up a platform base system for both operator and classification society on January 30. While inf...
2020-02-04 09:21:42
Global LNGC fleet will reach 800 by 2026
Gonzalo de Arteaga, a senior researcher at a Norwegian shipbroker Fearnlys, recently attended the 'Astrup Fearnley Shipping, Energy & Offshore Conference 2020' meeting in London, the U.K. He said the scale of the LNG fleet, which currently ...
2020-01-28 09:11:32
Time-charter of Flex Enterprise extended
Flex LNG LTD (Flex LNG or the Company – OSE/NYSE: FLNG) announced on January 15 that extension of the time-charter agreement for Flex Enterprise. With this extension, the firm period under the time charter is end of first quarter 2021. The char...
2020-01-21 09:32:35
Industry leaders challenge decarbonisation
MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions announced on January 15 that they will work together on a joint development project (JDP) for an ammonia-fuelled tanker to support shipping’s drive towards...
2020-01-20 09:22:22
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