In view of the current downturn in the shipping industry, the Maritime and Port Authority of Singapore (MPA) will grant, with effect from 15 April 2016, a 10 per cent concession on port dues for bulk carriers.
Archives for April 2016
Wärtsilä has been awarded the contract to provide the design for a new jack-up lift vessel. The contract was signed in March with a well known Chinese yard and there is an option for three more vessels.
Ballast water management experts, meeting at the recent IMO-GloBallast R&D Forum in Canada, have showcased the latest developments in ballast water management and highlighted the areas where further research is needed, in order to prevent the spread of potentially harmful species in ballast water.
The Danish government said it would try to find an economically viable solution for gas production in Denmark’s part of the North Sea, after A.P. Moller-Maersk threatened on Monday to shut down the country’s main gas field.
Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore for oil and gas in its northern offshore areas.
U.S. Judge Carl Barbier granted final approval on Monday to BP Plc’s civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states.
Iran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday.
Chevron’s massive Gorgon liquefied natural gas (LNG) facility in Australia has hit technical difficulties, a spokesman said on Monday, resulting in a temporary suspension of exports less than a month after it started first production.
A.P. Moller-Maersk’s oil subsidiary said on Monday it will shut Denmark’s largest gas field in 2018 if it cannot find an economically viable solution for the ageing site by the end of this year.