Novatek-Aramco tie for Arctic LNG
It is learned that Russian gas giant Novatek is eyeing Saudi Aramco as its project partner for Arctic LNG-2 project, according to Novatek CEO Leonid Mikhelson’s comment in an interview. Arctic LNG-2 project is aiming to build a three-train l...
GSD expands to tanker world
Turkish owner GSD Holdings is eyeing tanker business. The company’s CEO Akgun Turer said in an interview that the global economic recovery will stimulate tanker market, and the firm is ready to invest to acquire tankers. Currently, its fi...
Maersk, What does that Capex mean?
Danish shipping giant AP Moller-Maersk is raising expectations for newbuilding orders with its higher-than-expected Capex for 2019. The firm recently captured the market’s eyes with $2.5-3bn of Capex guide for 2019. “I don’t think thi...
Rotterdam booms in bunkering
LNG bunkering booms in Rotterdam In 2017, Port of Rotterdam saw a huge leap in LNG bunkering activity, from 2016’s 100 tons to 1,500 tons. According to foreign media, such a hike is affected by Wes Amelie, 1,036-teu container ship. The wo...
SCF-Shell pioneer adoption of LNG
SCF Group (PAO Sovcomflot) has announced on February 20 that it signed time-charter agreements with Shell for two dual-fuelled Aframax tankers, which mark a historic turning point that sets new environmental standards for the global tanker indust...
BIMCO: economic growth supporting shipping
BIMCO announced its macroeconomic analysis on February 19, stating that shipping will benefit from global economic growth. The following is the analysis. The International Monetary Fund (IMF) has published its World Economic Outlook for Januar...
Vesper Marine's AIS-based Guardian
Vesper Marine announced on February 15 that its innovative AIS-based Guardian:protect system has successfully helped alert over 8000 vessels over nine months to avoid navigating around a dangerous shipwreck at Singapore port. The salvage op...
Gulf Nav has fleet expansion plan
Gulf Navigation is planning to carry out a large scale fleet expansion. On the strength of $250m funds raised by issuing new shares this month, according to foreign press and industrial source, the Dubai-based tank operator plans ...
"Lack of LNGCs expected by 2021"
It is expected that up to 65 new LNG carriers could be needed before 2021 even though half the planned new liquefaction projects are realized. Morgan Stanley Research forecasted through its recent '2018 Maritime Outlook' that demands from LNG ...
"Unmanned ship still needs more time"
Soren Skou, CEO at A.P. Moller-Maersk has recently noted through an interview with a foreign press, "Even if the technology advances, I don’t expect we will be allowed to sail around with 400-meter long container ships, weighing 200,000 tonnes ...
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