LNG Carrier News

New 20K TEU COSCO Ship First to Earn Cyber Rating

Maersk still weighs in as the world's largest container shipping line

By Mike Wackett17/01/2018Maersk Line has consolidated its position as the worlds largest container carrier, increasing its lead over MSC after its capacity was swollen by an 26.8% to 4.15m teu.Notwithstanding the Danish carriers acquisition of Hamburg Süd, its organic growth matched that of MSC, which has a tradition of developing its business solely by customer base expansion…

Fluor Clinches Shell Penguins Offshore Project in North Sea

Zacks Equity Research,Fluor Corporation FLR recently announced that it has clinched a contract from Shell for the engineering, procurement and fabrication of Shells Penguins floating production storage as well as offloading (FPSO) vessel in the North Sea. The company will book the contract value in fourth-quarter 2017.Per the deal…

Chembulk Tankers Announces Successful Placement of $200 Million Secured Bond Issue

SOUTHPORT, Conn., Jan. 18, 2018 /PRNewswire/ -- Chembulk Tankers announced today that one of its wholly owned subsidiaries, Chembulk Holding LLC, has priced USD 200 million in senior secured bonds which will carry a coupon of 8.00% and be due in February 2023.The net proceeds from the bond offering will be used for refinancing of existing bank debt and general corporate purposes.

Powerful gale lashes Europe, 4 dead amid traffic chaos – KRQE News 13

A man who escaped unharmed picks up his gloves after his scooter was hit by a crashing tree uprooted by heavy winds in Amsterdam, Netherlands, Thursday, Jan. 18, 2018. Scores of flights and trains were cancelled in The Netherlands and drivers were warned to stay off the roads as the country took a powerfull hit of a storm which was set to lash large parts of Europe.

In the Great Lakes, Theyre Battling Ice, and Time. Take a Look.

SAULT STE. MARIE, Mich. An intricate boat ballet plays out each January on the frigid waters of the northern Great Lakes.Thousand-foot freighters scramble to make final deliveries of iron ore to steel mills. The Coast Guard carves paths through ice-clogged shipping routes. And the Soo Locks, the engineering marvel connecting Lake Superior with points to the south and east…

An arms race is building between China and its neighbours as the world focuses on Trump and North Ko

Japan used to have one of the most powerful aircraft carrier forces in the world, with a fleet of six. The US had seven, but the Imperial Japanese Navy was close to taking delivery of two more, gaining a decisive strategic advantage when the Second World War broke out.Four years later, the Japanese carrier fleet was at the bottom of the ocean…

Nigeria: For the Records - Nigeria's 2017 Tax Diary a Review of the Major Tax Events of the Year

By Taiwo OyedeleYou can describe 2017 as a challenging and taxing year, and you will be right on the money.A lot happened in the tax space which was reflective of the drive by government at all levels to collect more tax revenue and to expand their tax bases. This effort did not yield the desired result as Moody downgraded…

This Transportation Stock Is Booming - C.H. Robinson Worldwide Inc. (NASDAQ:CHRW)

Reading this article from your computer? Eating a bowl of cereal? Doing some online shopping? Wearing clothes? I sure hope so! But what do all these things and many others have in common? They don't work without essential transport companies delivering these everyday products and services from point A to point Z, and everywhere…

Why Navy Aircraft Carriers Might Be Unsinkable

Loren B. ThompsonSecurity, 5 reasons why. Why Navy Aircraft Carriers Might Be UnsinkableAlthough U.S. aircraft carriers are protected by the most potent, multi-layered defensive shield ever conceived, they do not take chances when deployed near potential adversaries. Their operational tactics have evolved to minimize risk…
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Dry cargo ship collides with Russia's Yamal landing craft carrier in Aegean Sea

Sputnik reported that the Russian Yamal landing ship and Sierra Leone-flagged dry cargo ship have collided in the Aegean Sea. No one has been injured, the vessels then continued along their planned routes, Viacheslav Trukhachev, a Black Sea Fleet press representative reported. "On December 30, at about 7 a.m., while passing through the Karpathos Strait (9-10 miles south of the island of Rhodes)…

Maersk, IBM to launch blockchain-based platform for global trade

COPENHAGEN, Jan 16 (Reuters) - The world's largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.The global shipping industry has seen little innovation since the container was invented in the 1950s, and…

89 vessels broke speed limit designed to protect North Atlantic right whales

At least 89 vessels exceeded the speed limit in the Gulf of St. Lawrence in the first three weeks after it was imposed last summer to help protect North Atlantic right whales, a document obtained by CBC News shows.It's unclear how many additional vessels violated the speed limit of 10 knots between the Aug. 30 report to the federal transport minister and Jan.

Air India to operate daily flights to Mumbai from Bhavnagar | Rajkot News

RAJKOT: In a major boost to Bhavnagar's air connectivity, India's flagship carrier Air India has decided to extend its operations from the city to Mumbai seven days a week. Presently, Air India operates Bhavnagar-Mumbai flight from Monday to Thursday. The 72-seater aircraft lands in Bhavnagar from Mumbai at 7.25 pm and takes off at 7:45 pm for Mumbai.

Air India: Air India to be split into four entities before sale

India will break up its debt-burdened flag carrier Air India into four separate companies and offer to sell at least 51 per cent in each of them as part of a disinvestment proposed by PM Narendra Modi. The core airline business comprising Air India and Air India Express the low-cost overseas arm will be offered as one company…

The 5 Most Shocking Battleship Battles of All Time

Robert FarleySecurity, Although eventually supplanted by the submarine and the aircraft carrier, the battleship took pride of place in the navies of the first half of the twentieth century. The 5 Most Shocking Battleship Battles of All TimeWhen the German battleship Bismarck entered service in 1941, she became the largest warship in the world, displacing the Royal Navy battlecruiser HMS Hood.

KBR Assures No Disruptions on UK Defense Project

HOUSTON, Jan. 15, 2018 /PRNewswire/ -- KBR, Inc. (KBR) announced today that it expects no disruption to its project being executed through a joint venture with Carillion as a result of Carillion's announced liquidation earlier today.KBR operates a stand-alone Joint Venture with Carillion on Project Allenby Connaught through its Aspire Defence entities…

NJ Transit delays controversial vote on purchase of Hoboken riverfront property

Hoboken officials and residents fighting the sale of riverfront property to NJ Transit for use by NY Waterway as a maintence facility won a small victory Monday, when the agency delayed the purchase. Transportation Commissioner Richard Hammer announced the proposed purchase of the Union Drydock Property on the Hudson River from NY Waterway was off the agenda at the start of the meeting.

Rescue crews wrestle to tame China oil tanker fire; body of mariner found | World

BEIJING/SEOUL (Reuters) - Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China’s east coast under control on Monday as fire raged for a second day following a collision with a grain ship, while the body of one of the 32 missing crew members was found on aboard. Concerns were growing that the tanker…

India to Split Flag Carrier Into Four Parts Ahead of Sale

India will break up its debt-burdened flag carrier into four separate companies and offer to sell at least 51 percent in each of them as part of a disinvestment proposed by Prime Minister Narendra Modi.The core airline business comprising Air India and Air India Express -- the low-cost overseas arm -- will be offered as one company…