Tuesday, October 27, 2020
Deepwater

Deepwater

India’s new Mundra LNG terminal ramps up utilisation as demand rises

Having begun operations earlier this year, India’s new liquefied natural gas (LNG) import terminal at Mundra is expected to boost utilisation from 45% currently to 55% within four to six months, a senior company official said on Friday. Jointly owned...

NIWA to partner Obat Oil in establishing fuel dump on waterways

The National Inland Waterways Authority (NIWA), says it has signed a contract with Obat Oil PLC to establish fuel dump along the waterways in four locations in Lagos State. The Lagos Area Manager of NIWA, Engr. Sarat Braimah, told journalists...

Construction begins in Finland on LNG-powered European shuttle ferry

The greening of the maritime industry is progressing with a variety of new ships either having been introduced or under construction that use technologies to be more environmentally sensitive. One sector that is moving quickly to embrace new technologies is...

Venezuela and Iran ignore US sanctions to export crude oil

An Iranian-flagged supertanker, Honey, also known as Horse, has defied United States sanctions by shipping a cargo of oil condensate to Venezuela, according to Bloomberg. The report also states that Iran is using the same ship to help the Latin...

NYK to develop ammonia-powered tugboat

Japanese outfits NYK, IHI Power Systems and ClassNK have signed an agreement for the joint research and development on the world’s first ammonia-fueled tugboat. The companies will proceed with R&D from both technical and operational aspects for the introduction of...

SAExploration files for bankruptcy under Chapter 11

Houston-based seismic firm, SAExploration Holdings, has voluntarily filed petitions for Chapter 11 protection in the US Bankruptcy Court after entering into a restructuring support agreement with its creditors. The CEO of SAE, Mike Faust who announced the decision of the...

Asia Energy Logistics to liquidate vessel investment unit

Hong Kong-listed bulker owner, Asia Energy Logistics (AEL), has announced that the board has decided to liquidate wholly owned subsidiary Ocean Jade Investment. Ocean Jade is a ship investment unit of AEL, and has a 50% shareholding in a joint...

Wakashio Captain, First Officer arrested as salvors prepare to scuttle part of the ship

The Captain and First Officer of the Waksahio, Japanese owned ship that ran aground and subsequently split in two off the coast of Mauritius, spilling more than 1,000 tons of oil, have been arrested. Authorities in the Island country said...

Proposed Ondo deep seaport project gets outline

In a bid to actualize the dream of establishing a seaport in Ondo State, Governor Rotimi Akeredolu, SAN, has received the Outline Business Case (OBC), which is one of the critical requirements preceding port declaration and showcases the project...

MV Wakashio, wrecked ship that spilled oil off Mauritius coast breaks up (Video)

MV Wakashio, the Japanese bulk carrier that leaked hundreds of tonnes of fuel oil off the Mauritius coast has broken apart, reports authorities in the Island nation. The MV Wakashio ran aground on a coral reef on 25 July with...

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Iranian Tankers Stranded By US Threat Sanctions

Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the UAE for about a month as demand for the...

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