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Greenpeace Central Eastern Europe (CEE) activists painted “Climate Killer” on the newly commissioned LNG facility called LNG Croatia. The objective of the activists was to draw attention to their campaign to stop the use of fossil gas. Greenpeace vessel Arctic ... continue reading

The ExxonMobil commissioned Floating Production Storage and Offloading (FPSO) vessel Liza Unity will be soon reaching Guyana. The Dutch floater specialists, SBM Offshore was given the contract to construct, install and operate the vessel for two years. The 2019 built ... continue reading

Increased uncertainties regarding LNG's future as a sustainable maritime fuel have resulted in the withdrawal of several LNG-fueled vessel purchases, according to an OPEC report. The oil producers’ association OPEC in its newly issued World Oil Outlook 2021-2045 (WOO ... continue reading

The global LNG supply has witnessed a severe crunch just ahead of winters in the Northern Hemisphere. The shortfall has prompted tight competition between Asian and European buyers for LNG cargoes to meet domestic demands. Qatar, which accounts for more ... continue reading

Japan has been the world's biggest LNG market for as long as most people can remember. Decades of LNG expansion in the supply of the country have been driven by utilities and trading firms, which have been the basis ... continue reading

On May 10, 2021, the methanol-dual fueled chemical tanker Takaroa Sun, owned by NYK Bulkship (Asia) Pte. Ltd. participated in what is touted as the world’s first barge-to-ship bunkering of methanol fuel. The bunkering of methanol fuel was conducted ... continue reading

As India faces the second wave of the COVID crisis, partial lockdowns in many parts of the country have resulted in falling consumer demands for LNG cargoes. As a result, many ships bearing LNG cargoes are getting diverted away from ... continue reading

India's First Floating Storage and Regasification Unit (FSRU) arrived at H-Energy’s Jaigarh Terminal in Maharashtra. On Monday, the FSRU Hoegh Giant sailed from Keppel Shipyard, Singapore before being berthed at Jaigarh terminal. As per statements from H-Energy, this ... continue reading

Ever since OPEC countries decide to cut down on oil production, tanker market rates have been on a decline. A maritime crisis, though presumed to be of short duration, has come to the unexpected rescue of tanker owners. How? Let ... continue reading

The talking point in major Indian cities right now is the exorbitant price of oil, which is burning a hole in the pockets of the general population of the country. The government too has taken heed of the situation, trying ... continue reading

FSO Safer has been in the news lately. The reason: IMO's assessment concluded with high oil spill risk from the decaying oil tanker. Iran backed Houthi rebels control Yemen's Northwestern coastline. All efforts made by the UN to ... continue reading

In German waters, the Nord Stream 2 Baltic Sea gas pipeline's construction can continue after the Federal Maritime and Hydrographic Agency (BSH) gave its approval. The previous permit allowed the work to continue starting at the end of May ... continue reading

As the U.S government starts to enter a power transition phase, both Iran and Venezuela are ready and inclined to analyze the outgoing Trump administration in a major gimmick to detour sanctions in a crude and fuel export scheme ... continue reading

After U.S. sanctions sent the oil trade to Venezuela underground for more than a year, Venezuela has resumed direct shipments of oil to China, as per our vessel tracking system's data, and documents from PDVSA. For over a ... continue reading

Novatek-Western Arctic, a wholly owned subsidiary of Russia’s major LNG producer Novatek, completed Russia’s first ship-to-ship LNG transshipment in the Kildin Strait of the Barents Sea. The Arc7 ice-class LNG tanker Nikolay Yevgenov successfully reloaded an LNG cargo ... continue reading

LNG operator Equinor, Norway's largest energy company, could close its Hammerfest facility for up to twelve months for repairs after a fire ravaged the LNG terminal. The fire struck the Norwegian facility on September 28. Company officials conducted an ... continue reading

By 2023, Russia's second-largest natural gas producer, Novatek, will launch an LNG terminal in Rostock. At the 4th LNG Fleet, LNG Bunkering and Alternatives conference organised by PortNews Media Group, Aleksandr Semyonov, Director of the Seaborne Transport Department at ... continue reading

As per reports from the Associated Press, three tankers carrying Iranian crude oil bearing the flag of Iran have reached Venezuela against sanctions imposed by the United States of America. The arrival of Iranian tankers constitutes a success for the ... continue reading

Venezuelan VLCC tanker AYACUCHO, changed flag early May this year, finding rather unusual substitute, now she’s registered under Russian flag and got a Russian name MAKSIM GORKY, though understood, she’s still operated by Venezuelan interests. All of sudden ... continue reading

The island of Mauritius is facing an environmental catastrophe after oil began leaking from a grounded vessel. Mauritius on Thursday announced that oil was leaking from the bulk carrier Wakashio that had run aground in the southeast of the island ... continue reading