INPEX CORPORATION (INPEX) announced today that the INPEX-operated Ichthys LNG Project (the Project) recently commenced shipment of condensate (ultra-light crude oil) from the Floating Production, Storage and Offloading (FPSO) facility “Ichthys Venturer.” The first shipment of condensate is destined for the Asian market. INPEX is poised to continue responding to the energy demand in Japan,…
This week at the Monaco Yacht Show, H2-Industries and LR announced a collaboration on safety standards for all-electric vessels based on the innovative LOHC power storage technology. The project is seeking to obtain Approval in Principle for the use of LOHC technology on ships. This covers the refuelling of ships with LOHC, the storage of…
This morning, Sunday September 30, Heerema’s Aegir successfully installed the DOT wind turbine on its previously installed monopile connected by a Slip Joint. Heerema Marine Contractors, project stakeholder of the SJOR-consortium, decided to step into this project to present herself to the industry as an installation contractor who is also focusing on the transportation and…
On September 28th, HMM signed the formal contracts for its twenty eco-friendly mega containerships withthree shipyards – Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI). DSME and SHI will build seven and five 23,000 TEU containerships, respectively, which are expected for delivery in the second quarter of 2020. HHI…
Leading classification society ClassNK has analyzed the retrofitting status of ballast water management systems (BWMS) on its registered ships and confirmed that installation deadlines based on the Ballast Water Management Convention (BWM Convention) for many of them are highly concentrated in the year 2022. As difficulties are expected in the installation of BWMS if everyone…
Many vessels have been dismantled based on energy efficiency considerations, becoming an environmental problem and contributing to the non-sustainability of materials. Revamping of existing ships in view of improving their operational costs may be seen as a sustainable approach. The article focuses on the use of a specific procedure to determine and evaluate the ship…
Since we published our comment on 15 June on the very serious issues with contaminated fuel faced by ship owners in the US Gulf there has been no meaningful resolution. Anecdotally it would appear that, to date, more than one hundred vessels have been affected. In summary, the industry continues to face serious issues and…
Capesize A stop-start market for the big ships with many expectations and few fulfilled. Holidays curtailed trading early in the week, but the C5 route regained some ground with rates in excess of the mid-$7.00s for 11 October onwards, although, bunker values also rose sharply last week. Owners remained optimistic, wanting $8.00 as the week…
When GAC South Africa’s team in Cape Town was appointed to handle the passage of two tugs, Fairmount Summit and Fairmount Expedition, towing the floating production storage and offloading (FPSO) Berge Helene bound for the Far East, the odds seemed to be stacked against them. But perseverance and professionalism paid off. Appointed by BW Offshore…
The port of Palu in Sulawesi has suffered severe damage due to a large earthquake that struck on 28 September and the following tsunami. Two earthquakes measuring 6.1 and 7.7 on the Richter scale were centred near the central Sulawesi town of Donggala. The tsunami that followed hit both Donggala and Palu, the provincial capital. According to…
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