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IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market

International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals.

Aframax Tankers and LR1s Among Top Future Investment Opportunities for Shipowners

Predicting the recovery in asset prices involves many factors, and the current strength of spot market returns, or term hire rates are only a part of the story.

Fugro to launch Nigeria-focused joint venture with Jagal

Geo intelligence firm Fugro and local energy operator Jagal are to launch a Nigeria-focused site characterisation and asset integrity services joint venture.

OPEC Forecasts Falling HFO Prices and More Scrubber Orders

In its latest annual report on the world's oil market outlook, OPEC has lowered its prediction for non-compliance with the IMO 2020 fuel sulfur content regulation.

Seanergy Maritime Holdings Becomes Solely Capesize Owner

Seanergy Maritime Holdings Corp, announced today that it has entered into definitive agreements with unaffiliated third parties for the purchase of a modern secondhand Capesize vessel

Wärtsilä redesigns organisation to enhance customer value

The technology group Wärtsilä has decided to reorganise into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business, covering both new sales and services for the respective markets.

Shell Takes FID on LNG Canada

Shell Canada Energy, an affiliate of Royal Dutch Shell, has taken a FID on LNG Canada, a major LNG project in Kitimat, British Columbia, Canada, in which Shell has a 40 percent working interest. 

Tanker Market: VLCCs’ Enquiries Rising

The Golden Week holiday prompted an uptick in enquiry with rates firming four points to WS 59/59.5 for 270,000mt from the Middle East Gulf to both China and Singapore

S. Korea Becomes the Largest Importer of U.S. LNG

South Korea has emerged as a major importer of U.S. energy resources amid the Donald Trump administration’s strong push for resource exports such as LNG.

US fines Petrobras $853m for corrupt payments

Petrobras agreed with US and Brazilian authorities to pay $853.2 million in penalties to resolve the US government’s investigation into violations of the FCPA in connection with Petrobras

Bimco fast tracks 2020 sulphur cap bunker clause

Bimco is fast-tracking its first 2020 bunker clause that could be published as early as the end of October.

Guyana Puts Oil Auctions on Hold

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.

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