US-based Anadarko invests USD 20 billion in an LNG project in Mozambique. A terminal will contribute to making the southeastern African country one of the largest LNG producers in the world.
Tanker carrier Euronav bunkers one of its ULCC tankers with low-sulfur fuel as part of its preparations for the upcoming sulfur regulations, writes Argus Media.
The crew of the Frontline ship which was attacked in the Gulf of Oman last week has now either returned back home of back on board the ship, informs the company.
Costs have been cut to the bone at Christiania Shipping, and with the first operating profit secured, the next step for the former Herning Shipping is to renew its fleet and maybe participate in consolidations. CEO Axel Eitzen expects black figures on the bottom line for this year as well, he tells ShippingWatch.
John Fredriksen-owned tanker operator Flex LNG has debuted on the New York Stock Exchange, and the company is thereby listed in two countries.
Last week's attack on two tanker vessels in the Gulf of Oman could cause tanker rates to spike significantly in the region, estimates analyst firm Platts. The increased risk could also cause an increase in insurance premiums.
Several tanker companies have ships headed for the Gulf of Oman and during the next few days they will decide whether to continue doing business in the region. There are concurrent reports of high day rates, the head of a larger tanker pool tells ShippingWatch.
Arne Fredly-controlled Hunter Group has sold a VLCC newbuild before its delivery. The company sells it for USD 98 million, which is more than was paid build the vessel.
According to a study, ammonia is a viable fuel alternative in shipping's climate change mitigation efforts. From 2030, tankers may be able to sail on the ammonia they transport themselves, the company behind the report tells ShippingWatch.
Frontline is exercising "extreme caution" when it comes to sending more ships through the Gulf of Oman following last week's attack on two tanker vessels. Both vessels are now in the United Arab Emirates, while Frontline's crew is in Dubai.
Norwegian OSM will handle operation of the eight new VLCCs set to be delivered to Arne Fredly's Hunter Group in the coming years.
The conflict in the Gulf of Oman has escalated due to several reasons, says Risk Intelligence following attacks on two tanker vessels in the area Thursday morning. Bimco says the situation is so severe that it represents the stage just prior to an armed conflict.
The oil price soared from close to a five-month low on the news that two tanker vessels were damaged in an attack in the Gulf of Oman.
State-owned company Pakistan LNG is ready to order 240 LNG cargoes, to be delivered over a 10-year period.
A series of red figures have turned black at Axel Eitzen's shipping company Christiania Shipping, which has delivered an operating profit of USD 3.2 million for 2018. The bottom line was also improved dramatically, but that was due mainly to loan write-offs.
Vessel Front Altair, owned by John Fredriksen's tanker shipping company Frontline, is among two ships attacked off the coast of Fujairah in the Gulf of Oman. The crew of the Frontline vessel has been picked up, sources tell ShippingWatch.
GasLog leaves the pool partnership Cool Pool with Golar LNG, taking six vessels with it. This happens as a consequence of Golar LNG's plans to spin off its LNG vessels in an independent company.
A trade deal with China could push the US to the top of the list of LNG suppliers to China, projects Morgan Stanley. The bank says a deal could boost the US' share of Chinese gas imports to more than 20 percent by 2025.
Jens Grønning is appointed CEO of Navig8's chemical tanker business and will be flanked by a newly hired CFO with experience from Hafnia and Torm.
Greek-based Dryships has taken full ownership of tanker pool Heidmar. The seller is US-based investment bank Morgan Stanley.
Oil major Shell has shipped its first cargo from major Australian LNG project Prelude. The project is expected to produce 3.6 million tons of liquefied natural gas annually.
DNV GL projects a three-fold increase in the number of LNG tanks being installed on board ships before the end of 2020. The global sulfur cap has boosted the development.
China's Cosco and Russian Sovcomflot are among the partners who recently formed a joint venture to transport LNG on the Northern Sea Route.
The United Arab Emirates, Saudi Arabia and Norway conclude in a new report to the UN Security Council that it was most likely a state actor that was behind last month's sabotage of four tanker vessels in Fujairah by the Gulf of Oman.
Energy major Shell sees enormous potential in LNG and aims to invest USD 6-7 billion annually after 2020 to seize opportunities in the gas market, the company says.
Executive, Operations - BW LPG
Treasury Risk Manager with focus on financial risk management - Group Treasury, Bunker Holding
