Golar LNG now confirms that the company is in negotiations to exercise an option for the order of a third FLNG vessel that can store gas. This comes on the heels of a lucrative contract for the company's second FLNG vessel.
Many vessels built in the last five years already meet the IMO's standard for energy efficiency in 2020, according to a new study. NGOs point to a need to rethink the index ahead of next week's meeting of the IMO's environmental protection committee.
The EU has greenlighted USD 10.5 million in funding for a new project aimed at using big data to increase safety and not least efficiency in shipping. A consortium of 32 partners from 12 countries is involved.
Unlike US and British ships that are escorted by naval vessels through Hormuz after the Maersk Tigris incident, Maersk Line has settled with being "more cautious" when sailing through the disputed waters. "Do the Americans know something the others don't" asks Risk Intelligence CEO Hans Tino Hansen.
Lightship Chartering landed a result of USD 639,000 in 2014. Add to this the bonuses and other expenses and the result is more than USD 2.38 million higher than last year, says Executive Chairman, Morten Have to ShippingWatch.
The big plunge in the oil price forced the Danish State's oil and gas company Nordsøfonden to make impairments on facility activities of over USD 370 million in 2014, where the company suffered a deficit of USD 92 million.
The US Federal Maritime Commission will meet this month in Brussels with the EU Commission and representatives from China to discuss the new container alliances and the problems that alliances and the large vessels can cause in the ports and for customers.
The number of containers transported through Scandinavia's biggest port, Gothenburg, declined five percent in the first quarter 2015. CEO Magnus Kårestedt attributes part of the development to the modernization of the container terminal.
It is likely just a matter of time before the Ocean Three container alliance becomes Ocean Four, as Latin America-specialist Hamburg Süd looks set to join the alliance as a full-fledged member in a move that will give the collaboration an edge.
The US Navy has now for several days escorted American vessels through the Strait of Hormuz following last week's incident where container vessel Maersk Tigris was detained. The Navy is now also escorting British vessels.
Golar LNG has secured a contract for its second major FLNG vessel for gas storage. The project will generate an annual EBITDA of USD 350 million in the long term and the deal illustrates a strong financial concept, says Fearnley.