Singapore’s Sembcorp Marine (Sembmarine) has increased its stake in Norway-based Gravifloat AS to 56%, which it intends to fully acquire eventually. In a statement on Wednesday, SembMarine says it acquired a 44% stake in Gravifloat for US$38 million ($52…
China's first self-propelled floating dock Huachuan I began its inaugural sailing recently, which opens a new era, the official People's Liberation Army Daily said. With it, large ships can be repaired at sea instead of only on the shore…
According to a weekly update from the U.S. Energy Information Administration (EIA), an oversupply of European distillates is raising the amount of product being held in floating storage, and also causing changes to shipping routes to slow delivery to the continent…
LNG Bharat Private Ltd is setting up a floating LNG Floating Storage Unit (FSU) with a capacity of 5 million tonnes per annum at Krishnapatnam port in Nellore district the Hindu Businessline reports quoting J. Murthy, the Managing Director…
The Malahat First Nations and Steelhead LNG plan for a floating natural gas liquefaction plant proposed for the waters of the Saanich Inlet. The Mill Bay-based Malahat First Nation and Vancouver-based Steelhead LNG have entered into a…
The first U.S.-based floating liquefied natural gas vessel (FLNGV) moved closer to reality after engineering giant Bechtel agreed to design and engineer the project. Bechtel has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy…
A floating terminal for liquefied natural gas (LNG) in Croatia would lower energy prices both for households and the business sector, Croatian President Kolinda Grabar-Kitarovic said. The country’s key energy project is still the liquefied natural gas terminal on the Island of Krk…
Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020. The bond issue will be swapped from floating to fixed interest rate…
Despite industry gloom about the offshore market, orders for production floaters continue to flow. Over the past few weeks a speculatively-ordered FLNG found use off Africa, negotiations began to convert a third LNG carrier to an FLNG, an FSRU…
Surprisingly, it seems that the use of VLCCs for floating storage has increased in recent weeks, says a report by Poten & Partners Information about the ships reveals that about every third vessel on charter contract earlier this year is now being used for floating storage…
South Korea's Hyundai Heavy Industries has won the Gazprom Flot tender for the construction of the Kaliningrad floating LNG terminal, Gazprom said. It will build a floating liquefied natural gas terminal in the western Russian city of Kaliningrad for $295 million…
According to the latest research from the US Energy Information Administration (EIA), floating LNG (FLNG) regasification is being used to meet rising natural gas demand in smaller markets. Floating regasification is a flexible, cost-effective way to receive and process shipments of LNG…
A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset.As with the other floating accommodation at the port, Petrofac will use it for workers constructing the Shetland Gas Plant project…
Business Standard reported that real estate developer Hiranandani Group plans to set up a INR 2,400 crore floating LNG import terminal off Haldia, West Bengal and supply imported gas to users as far as Paradip in Odisha. H-Energy Pvt Ltd…
AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly in the offshore and renewable energy sectors.AKD partner Haco van der Houven van Oordt says…
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