Natural Gas Golden Age Fades as Supply Boom Meets Japan Nuclear Rebirth

Photo: Shutterstock/Oleksandr Kalinichenko

  By Ben Sharples and James Paton (Bloomberg) -- The golden age of natural gas lost some of its luster this month. Japan, the world’s biggest buyer of the fuel in liquid form, restarted a nuclear reactor on the island of Kyushu Aug. 11, re-embracing atomic power to shrink energy-import costs. A week later, a production milestone was marked at Santos Ltd.’s Curtis … [Read more...]

Norway Names First Shipowner to Break New ECA Rules

Sardius file photo (c) MarineTraffic.com/

  This article was written by ShipandBunker.com, the world’s leading free to access website focused on marine fuel, with news, exclusive features, and bunker price indications for 150+ ports.  The Norwegian Maritime Authority (NMD) has named the first vessel it says broke this year's updated Emissions Control Area (ECA) rules, with two infractions coming … [Read more...]

Drone Video: Platform Supply Vessel NAO Protector in Stavanger, Norway

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Here is some video filmed on board the platform supply vessel NOA Protector during a recent visit in Stavanger, Norway. Notable vessels seen in the video include a Royal Caribbean cruise ship, the sailing cruise ship Seacloud 2, the world's strongest crane vessel Thialf (14,200 tons), the car ferry Fjordveien, and platform supply vessels Rem Fortune, Olympic Commander, NOA … [Read more...]

Fire On Board PSV Skandi Stolmen Offshore Brazil

Skandi Stolmen. Photo: DOF ASA

An investigation has been launched into a fire on board the platform supply vessel Skandi Stolmen offshore Brazil. According to DOF Group, the fire broke out Wednesday on board the 1977-built PSV while operating in Brazil's Campos Basin. The vessel is operated by Norskan Offshore, a wholly-owned subsidiary of DOF ASA. DOF says that all sixteen crewmembers were evacuated … [Read more...]

Statoil Gets Final Go-Ahead for Giant Johan Sverdrup Field Offshore Norway

Johan Sverdrup rendering. Photo: Statoil

  OSLO, Aug 21 (Reuters) - Operator Statoil and its partners have been given the formal approval to develop the first phase of their giant Johan Sverdrup oil field off the coast of Norway, the country's energy ministry said on Friday. The largest field found in the North Sea in three decades could hold as much as 2.9 billion barrels of oil and has an estimated cost … [Read more...]

Asia-Europe Container Freight Rates Have Fallen Off a Cliff

maersk triple-e

  COPENHAGEN, Aug 21 (Reuters) - Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the third consecutive week of falling freight rates on the … [Read more...]

Troubled Chinese Shipbuilding Group JES Suspends Operations

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Chinese shipbuilding and engineering group JES International says it has ceased operations and production in order to control costs as it struggles with overall disarray within the company and its subsidiaries. JES International Group said Thursday that it is now down to just a 'skeletal staff' comprising of a few company executives, as well as key administrative staff, … [Read more...]