Record-High LNG Prices Sound Warning for Gas-Powered Shipping Advocates
by Ship Bunker
Friday, January 15, 2021
A regular winter spike in bunker prices may be something owners of gas-powered tonnage have to plan for in future.
Frank Coles quits Wallem
by Sam Chambers
Friday, January 15, 2021
Frank Coles revealed to staff today he has resigned as the CEO of Wallem Group, just over two years since he was appointed to the role at one of Hong Kong’s best known maritime brands. Coles, who replaced Simon Doughty in October 2018, is understood to be keen to return to Florida and to establish …
BP Rejects 'Baseless Allegation' of VLSFO Link to Grounding of Bulker Wakashio
by Ship Bunker
Friday, January 15, 2021
A Forbes article earlier this month suggested off-specification bunker fuel may have caused the vessel to change course to head to Mauritius.
Ship demo rates close in on the $500 mark for the first time since 2014
by Sam Chambers
Friday, January 15, 2021
Ship demo rates are roaring ahead with the $500 per ldt mark on course to be broached for the first time since November 2014. A busy start to the year, led principally by eager Bangladeshi yards, has seen prices jump above $450 per ldt with many owners now actively rethinking recycling plans to take advantage …
Dana Petroleum terminates Maersk Drilling contract
by Jason Jiang
Friday, January 15, 2021
Maersk Drilling has received notice of early termination of convenience from Dana Petroleum for a one-well contract. The contract had previously been deferred after initially being scheduled to commence in the Danish sector of the North Sea in May 2020. Maersk Drilling expects to receive compensation for the termination. Earlier this week, Maersk Drilling has been awarded …
Ship repair gets the Airbnb treatment
by Sam Chambers
Friday, January 15, 2021
Newport Shipping has unveiled an online portal that has been specifically designed to ease the complexities of ship repair and retrofit works. Digitalisation is making its mark in the shipping sector, with many bespoke online tools now being utilised daily to operate and manage the world’s merchant vessel fleet. Arguably however, the ship repair and …
Vestas lays off 220 staff as it integrates onshore and offshore wind units
by Jason Jiang
Friday, January 15, 2021
Danish firm Vestas has commenced the integration of onshore and offshore wind organisations to accelerate the build-out of its renewable energy business. Vestas acquired MHI Vestas Offshore Wind (MVOW) in December as part of the company’s plan to expand into offshore wind, and has now begun the integration of Vestas and MVOW into one organisation …
Lamprell announces reorganisation designed to spur renewables growth
by Grant Rowles
Friday, January 15, 2021
UAE offshore fabrication engineering group Lamprell has announced a strategic reorganisation of its business to increase its focus on renewables and energy transition. Lamprell says the change will increase its alignment with customers and enable it to take full advantage of the opportunities in its core markets. “In recent years, Lamprell has established a track …
BW Energy signs farm-in agreement
by Jason Jiang
Friday, January 15, 2021
BW Kudu, a wholly owned subsidiary of BW Energy, and the National Petroleum Corporation of Namibia (NAMCOR) have signed a farm-in and carry agreement which increases the company’s working interest in the Kudu license offshore Namibia from 56% to 95%. NAMCOR will retain the remaining 5% working interest. “Kudu gas is an important project for …
Taicang Container Lines places order for feeder boxship trio at Tsuneishi Zhoushan
by Jason Jiang
Friday, January 15, 2021
Taicang Container Lines, the shipping unit of Taicang Port, has entered into shipbuilding contracts with Tsuneishi Zhoushan Shipbuilding for the construction of three 1,091 teu boxships. The vessels will be used for feeder shipping services between China and Japan, and deliveries are scheduled in 2022. Taicang Container Lines currently operates shipping services between China, Japan …