Expenditure in the FLNG market is set to increase to $64.4 billion in 2020 according to the latest market report from energy research group Douglas-Westwood (DW).
Another receiving terminal in the southeastern province of Fujian is planned by state-owned China National Offshore Oil Corp (CNOOC), leader of the country’s LNG import business, according to a Reuters report.
Belgian-based shipping group Euronav has announced the acquisition of 15 Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd for a total of US$980 million.
CCCC Second Harbor Engineering Co., Ltd. has agreed a contract with Yihua Petrochemical Co., Ltd. for the planning and design of a new oil terminal in the Chaozhou Port, China.
Port Technology International will launch its very first digital advent calendar on Sunday featuring the latest port equipment taken from our supplier directory. Each day in the lead up to Christmas each one of our suppliers will be granted the opportunity to showcase their own state-of-the-art machinery.
The European Commission has approved €448 million in financial support to help realise Lithuania’s planned LNG terminal in the Port of Klaipeda.
EmiratesLNG has announced that it plans to build and operate the Middle East’s first land-based LNG re-gasification facility in the UAE’s Port of Fujairah.
Aqaba Development Corporation (ADC) has awarded BAM International, the operating company of Royal BAM Group active outside of Europe, a design and construct contract to build the Aqaba New Liquefied Natural Gas (LNG) Terminal, 18 kilometres south of Aqaba.
Florida’s Tampa Port has unveiled the first phase of its new US$56 million petroleum terminal complex to help cater for the increasing demand of vehicular and aviation fuel in the region.
Paradip Port’s LNG terminal moved a step closer this week after the port entered into a memorandum of understanding (MoU) with India’s largest gas supplier GAIL (India) Ltd to commence the Rs 3,108 crore project.
Strainstall Marine has secured a five-figure contract with Hyundai Samho Heavy Industries (HSHI) to supply stress monitoring systems aboard a new 405-metre floating drydock.
Odfjell Terminals Europe and Grand Port Maritime du Havre (GPMH) have signed a Site Reservation Protocol for a plot of land in the Port of Le Havre to develop a new liquid bulk terminal.
