The company is paying USD 97.2 million for the Tier III 114,000 dwt tanker duo, which will be owned by FSLT subsidiaries, FSL-28, Inc. and FSL-29, Inc. The LOI for the LR2 product tankers, which was agreed with China’s Cosco Shipping Heavy Industry, is subject to parties entering into definitive shipbuilding contracts and is valid…
The identity of other companies involved in the talks remained undisclosed. As informed, the consolidation drive targets economies of scale and commercial and financial synergies. “No agreement has yet been reached and it is not possible to say whether an agreement will be reached. Awilco LNG will revert with further information to the market in…
This was announced in a joint statement issued by the Monetary Authority of Singapore (MAS), Singapore Police Force and Singapore Exchange Regulation (SGX Regco). As explained, the decision follows “a careful review” of the findings to-date from the ongoing investigations into NGL and Noble Resources International (NRI) by MAS, the Commercial Affairs Department (CAD) of…
Andriy Galushchak, State Secretary of the Ministry of Infrastructure of Ukraine, met IMO Secretary-General Kitack Lim at IMO Headquarters in London on December 5 to deposit the instruments of accession. As informed, the 1988 Load lines Protocol now has 110 contracting states, representing more than 97% of world merchant shipping tonnage. Limitations on the draught…
The duo is scheduled for delivery in 2021 and will be equipped with a WinGD-made dual-fuel slow-speed diesel engine ( X-DF diesel engine) that can operate on marine gas oil or boil off gas stored in the cargo tank. NYK said that the two carriers will also feature a re-liquefaction system that can use surplus…
The FSRU would be provided by PT Jawa Satu Regas (JSR), a joint company of PT Pertamina, Marubeni Corporation, and Sojitz Corporation, to storage and regasify LNG to supply fuel to a gas-fired power plant. Featuring a length of 292.5 meters and a breadth of 43.4 meters, the FSRU will have an LNG storage capacity…
NYK signed a long-term contract with Total Gas & Power Chartering Limited (TGPCL),* a subsidiary of Total, a leading oil and energy company headquartered in France. The contract calls for TGPCL to charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea…
Norwegian Cruise Line Holdings Ltd. (the “Company”), a leading global cruise company operating the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, announced a partnership with Alaska Native-owned Huna Totem Corporation to develop a second cruise pier in Icy Strait Point, Huna Totem’s world-class cruise ship destination in Hoonah, Alaska. The pier…
In an industry first, ABS signed a Memorandum of Understanding (MOU) with the Korea Marine Equipment Research Institute (KOMERI) to create a new facility dedicated to improving the safety of LNG as fuel. ABS and KOMERI will collaborate on research at the shoreside facility, which will allow shipowners to safely test fuel gas and bunkering…
Evolution not revolution. Autonomous and remote-controlled ships are being trialled but seafarers, for now, remain indispensable to safe shipping. These were key takeaways from a special session (3 December) of IMO’s Maritime Safety Committee, which is celebrating its 100th session. Delegates were first treated to a song commemorating IMO’s 70th anniversary (since the Convention establishing…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More
