YZJ/Mitsui to establish shipbuilding joint venture [Shipbuilding]
Mitsui E&S Shipbuilding Co., Ltd. ("MES-SC," Head Office: Tokyo, President and CEO: Tetsuro Koga), in partnership with Yangzijiang Shipbuilding (Holdings), Ltd. ("YZJ", Head Office: Jiangsu Province, Chairman: Ren Yuanlin, listed on the Singa...
2018-10-15 08:24:25
AET names their LNG dual fuel aframaxes [Shipping]
AET, one of the world’s leading petroleum and chemical tanker owners and operators, today named its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu. The vessels were inaugurated at a ceremony held at the Samsung Heavy I...
2018-10-15 08:23:45
MOL introduces AR tech for navigational aid [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced plans to launch the experimental use of a system (Note 1) that supports ship operation during voyages using augmented reality (AR) technology, jointly developed by Fu...
2018-10-15 08:21:31
MODEC signed LOI for Brazil FPSO [Offshore]
MODEC, Inc. (“MODEC”) announce that it has received a Letter of Intent (LOI) for supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel from Eni Mexico S. de R.L. de C.V. (“Eni Mexico”), a wholly own...
2018-10-15 08:21:01
Intelsat and APSATCOM Launch IntelsatOne Flex [Shipping]
Intelsat S.A. (NYSE: I) (“Intelsat”), operator of the world’s first Globalized Network and leader in integrated satellite communications, announced today that APT Mobile Satcom Ltd. (APSATCOM) will become the first maritime solution partner...
2018-10-15 08:19:49
Parkwind completes Northwester 2 funding [Offshore]
With the Financial Close of Northwester 2, Parkwind completes the development of 800MW of renewable electricity production capacity in Belgium. Friday, October 5, 2018 — Northwester 2 is proud to announce it has reached the official close of f...
2018-10-15 08:19:16
Hapag-Lloyd establishes MFR mechanism [Shipping]
With a stricter International Maritime Organisation emissions regulation (IMO 2020) coming into force as of 1 January 2020, the new sulphur cap for compliant fuel oil will be lowered from 3.5% to 0.5%. This new regulation will significantly impro...
2018-10-15 08:18:43
Canada Gas & LNG thrills in expectation [Offshore]
LNG Canada's positive final investment decision (FID) on an LNG project in Kitimat, British Columbia signals the return of a more favorable investment climate for the energy sector. Higher oil and gas prices and lower break-evens thanks to techno...
2018-10-15 08:18:10
Uljanik gets another heavy blow [General]
Uljanik shipyard of Croatia got another newbuilding contract canceled. Algoma Central, a Canadian operator, recently revealed that it canceled a contract at Uljanik for a self-unloading bulker which had been ordered for operations in The Great...
2018-10-15 08:16:51
Grimaldi fits scrubber for half of fleet [Equipment]
Grimaldi Group of Italy revealed its plan to equip almost half of its fleet with scrubbers. According to foreign media, Emanuele Grimaldi, Managing Director of the Group revealed such a plan at The 22nd Euro-Med Convention at Athens, Greece, m...
2018-10-15 08:16:02
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