Chinese, Russian Majors Ink Arctic LNG Deal
Russia's second largest natural gas producer Novatek, Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot, Chinese state-owned shipping and logistics services supplier company COSCO Shipping Corporation Limited, and the Chinese government owned investment fund Silk Road Fund, signed a four-party agreement to establish a joint venture Maritime Arctic Transport LLC.The focus of the Maritime Arctic Transport joint venture is to manage an icebreaking tanker fleet of Arctic ice-class vessels…
GAC Steps up in Guyana
GAC has opened its newest company in the South American country of Guyana in response to demand for professional shipping and logistics support following the discovery of large reserves of oil and gas in its waters.Bordered by the Atlantic to the north, Brazil to the south and southwest, Venezuela to the west, and Suriname to the east, Guyana covers just 215,000 km². Oil was first struck in 2015, and since then, major discoveries have been made in its deep offshore waters…
Ice-Breaking LNG Carrier Vladimir Rusanov First Call at PetroChina LNG Jiangsu Terminal
Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation Limited for the Yamal LNG project, made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July.A ceremony celebrating this milestone was held on 19 July.At the end of March 2018, the vessel started transportation services for LNG produced by the Yamal LNG plant at Sabetta port in Russia.
Novatek Delivers its First LNG Cargo to India
The Russian natural gas producer, Novatek, has confirmed that it delivered its first shipment of liquefied natural gas (LNG) produced by the Yamal LNG project to India on 27 March. "The LNG was produced by the Yamal LNG project, led by the Russian company, and marks the first ever delivery of Russian Artic LNG to the country," said the company. The cargo was shipped through the company’s subsidiary, Novatek Gas and Power Asia.
SCI’s Maritime Institute switches to Renewable Energy
On Monday, 23rd January 2017, Mr Rajive Kumar, IAS, Secretary, Ministry of Shipping inaugurated 353.5 KWP Grid connected Roof Top Solar Power Plant at Maritime Training Institute, Powai of The Shipping Corporation of India Limited in total Roof Top area of 5,650 Sq. Mtr. in the presence of Capt. Anoop Kumar Sharma, CMD SCI, Capt. B.B. Sinha, Director (P&A) SCI, Mrs. H.K. Joshi, Director (Finance) SCI, Capt. Philip Mathews, Principal MTI and others.
SCI Led JV Takes Delivery of LNG Carrier “PRACHI"
A Joint Venture comprising The Shipping Corporation of India Ltd. (SCI), Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and Petronet LNG Ltd (PLL), have taken delivery of a new build Liquefied Natural Gas (LNG) carrier MT “PRACHI” having a capacity of 173,000 m3, from Hyundai Heavy Industries Co. Ltd. South Korea on 30th November, 2016. Simultaneously, the vessel has been delivered to Petronet LNG Ltd, New Delhi India’s first importer of LNG on a 19 year charter.
MOL's LNG Carrier KUMUL Delivered
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) in Shanghai on April 29. A naming ceremony was held at the shipyard on April 8. The KUMUL, which was ordered by MOL subsidiary Gemini LNG Shipping Limited (Gemini), is the last in a series of four new-building LNG carriers ordered by MOL to provide LNG transportation for projects in Papua New Guinea. ExxonMobil (*) .
Teekay LNG Announces Board Changes
Teekay LNG Partners L.P. announced changes to Teekay LNG’s board of directors. Jane Hinkley has been appointed to the chairmanship position succeeding C. Sean Day, who will remain a director of Teekay LNG and chairman of the partnership’s sponsor, Teekay Corporation. Hinkley has been a director of Teekay LNG for over 10 years and has management and board experience in the shipping and oil and gas industry, including serving as the managing director of Navion Shipping AS…
Trident Alliance Welcomes New Members
Trident Alliance, the shipping industry initiative for fair competition through robust enforcement of maritime sulphur regulations, explores solution initiatives and welcomes four new members. Since its inception in July, the Trident Alliance has engaged in a number of industry conferences, working groups and media interviews to realize its objective of raising awareness around the lack of enforcement of sulphur regulations and the risk to human health, the environment and fair competition that this entails.
