ClassNK Approves LNG-Fueled Bulk Carrier Design

bulk carrier

Tokyo-based international classification society ClassNK has granted Approval in Principle (AIP) to a 98,000 DWT bulk carrier fueled by LNG. The concept design was developed by Maritime Innovation Japan Corporation. The vessel will be fitted with a 2,000 M3 capacity IMO Type B LNG tank and fuel supply system, with main engine and main generator engines that will operate … [Read more...]

Italian Shipping Companies Called Out Over Beaching Practices


Responsible shipbreaking advocacy group NGO Shipbreaking Platform has called out three Italian shipping over their supposed continued use of South Asian beaching yards and is urging they take immediate action to ensure the sustainable recycling of their end-of-life fleet. The Platform has sent letters to the Italian ship owners Grimaldi Group, Ignazio Messina and Vittorio … [Read more...]

Maersk Oil Says it Has Several Billions to Spend on Acquisition Drive

Photo: Maersk Oil

By Karolin Schaps and Ron Bousso LONDON, Nov 17 (Reuters) - Danish oil company Maersk Oil has several billion dollars to buy new licences, oil-producing fields or even launch a corporate takeover, the company's Chief Operating Officer told Reuters. The oil producer, supported by the might of its shipping conglomerate parent A.P. Moller-Maersk, is in an unusually strong … [Read more...]

Investigation Into Petrojarl Knarr Fire Uncovers Defects

Teekay's Petrojarl Knarr FPSO is on charter to BG Group. Photo: BG Group

Norway's Petroleum Safety Authority has uncovered a number of defects and shortcomings in its investigation into the March 2015 fire onboard the Petrojarl Knarr floating production and storage unit (FPSO) at the Knarr field offshore Norway. The fire broke out early on March 24, 2014 - less than a week after the FPSO come online - in a ventilation system located beneath the … [Read more...]

Ship Operating Costs to Rise Over Next Two Years, Drewry Says

Photo: Shutterstock/mandritoiu

The cost of operating cargo ships is forecast to rise over the next two years after falling slightly in 2015, according to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by global shipping consultancy Drewry. The average decline in ship operating costs across the sectors covered in the report in 2015 was 1.0%, but for ships that are big … [Read more...]

Statoil Exits Alaskan Arctic


Norwegian oil major Statoil says it has decided to exit its operations in Alaska as it tightens up its exploration portfolio. The decision means that Statoil will exit its 16 operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea. The leases were awarded in the 2008 lease sale in Alaska and are set to expire in 2020. Statoil will … [Read more...]

Crowley Breaks Ground on New San Juan Pier

Photo: Crowley Maritime Corp.

Crowley Maritime Corp. has broken ground on a $48.5 million pier development project in San Juan, Puerto Rico that will be used to service Crowley's new LNG-powered ships beginning in 2017. The new pier is located at Crowley's existing Isla Grande Terminal in San Juan. The project includes the development of a new 900-foot-long, 114-foot-wide concrete pier and dredging … [Read more...]