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MOL, Uniper Press on with Germany’s 1st FSRU Project

Posted By Tony Sanchez / Uncategorized / 0 Comments

December 18, 2018 Japanese shipping giant Mitsui O.S.K. Lines (MOL) has teamed up with Düsseldorf-based Uniper SE to develop a Floating Storage and Regasification Unit (FSRU) at Uniper site in Wilhelmshaven, Germany. The FSRU has a planned send-out capacity of 10 bcm/a and an LNG storage capacity of 263,000 cbm. As informed, the facility could […]

Drewry: Liner Industry’s Appetite for Scrubbers Grows

Posted By Tony Sanchez / Cargo News / 0 Comments

December 17, 2018 After a slow start, adoption of exhaust scrubbers as a solution to the 2020 low-sulphur regulations is picking up, according to shipping consultancy Drewry. With just over one year to go before the IMO’s new marine fuel sulphur cap of 0.5% comes into force, more containership owners are opting for exhaust scrubbers. […]

Golar LNG Moves Ahead with Another LNGC Conversion at Keppel

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 17, 2018 Owner and operator of gas carriers Golar LNG is moving ahead with its plans to convert one of its LNG carriers into a floating liquefaction vessel (FLNG) to support its charter agreement with BP. As World Maritime News reported, the charter deal was inked in April 2018 with BP Mauritania Investments and […]

Report: DSME Tied to Another LNG Carrier Order

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 17, 2018 South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has reportedly secured another contract to construct a liquefied natural gas (LNG) carrier. Yonhap New Agency cited the shipbuilder as saying that it received the order from an undisclosed Oceania shipowner. Further details related to the shipowner and the shipbuilding contract were not revealed. The deal […]

Moody’s Reaffirms Panama Canal’s A2 Long-Term Rating

Posted By Tony Sanchez / Cargo News / 0 Comments

December 17, 2018 The Panama Canal Authority’s (ACP) A2 long-term rating has been reaffirmed with a stable outlook, according to ratings agency Moody’s. The ACP’s strong financial performance has resulted in better than anticipated financial metrics, driven by the successful operations of the Expanded Panama Canal, the agency explained. Moody’s also noted the canal’s strong operating […]

Report: Suitors Launch Their Bidding for Long Beach Container Terminal

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 14, 2018 COSCO Shipping Holdings’ sale of the Long Beach Container Terminal (LBCT) has reportedly sparked interest from U.S. private equity firm Blackstone Group LP and compatriot private investment company KKR & Co., Bloomberg reported. The terminal divestment is being pursued by COSCO as part of its USD 6.3 billion takeover of Orient Overseas International Limited (OOIL), […]

Scorpio Bulkers Agrees Charter for Ultramax Unit

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 14, 2018 Monaco-based dry bulk shipping company Scorpio Bulkers has reached an agreement to charter out one of its Ultramax drybulk carriers. Under the deal, the company’s 2016-built bulker SBI Hera was hired by an unaffiliated third party for a period of between four and six months. Scorpio Bulkers informed that the 60,425 dwt unit would work at […]

Rolls-Royce expects 2018 profit, free cash flow in upper half of forecast range

Posted By Tony Sanchez / Aircraft Engine Manufacturer / 0 Comments

December 12, 2018 Rolls-Royce expects its 2018 group profit and free cash flow to be in the upper half of its guidance range, the British engineering company said on Wednesday, shrugging off problems with some of its aircraft engines. Rolls, whose main business makes engines for large airliners, had forecast group operating profit of 400 […]

Iran airlines need 500 planes, official mulls Sukhoi

Posted By Tony Sanchez / Airlines / 0 Comments

December 12, 2018 Iran needs some 500 planes and would likely back buying the Sukhoi Superjet 100 if Russia is willing to sell them to its airlines, Iranian news agencies reported the country’s top civil aviation official as saying on Wednesday. Iran needs to upgrade its ageing passenger fleet and is seeking to avert U.S. […]

IATA boss says limiting Brexit consequences important for airlines

Posted By Tony Sanchez / Cargo News / 0 Comments

December 12, 2018 A leadership challenge to British Prime Minister Theresa May announced on Wednesday could be good news for airlines if it leads to Brexit being delayed or canceled, the head of the International Air Transport Association (IATA) said on Wednesday. “Brexit is not good news for this industry. We have always said that. […]