High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Here’s the latest update from Shell on its massive Prelude FLNG (floating liquefied natural gas) facility currently under construction at Samsung Heavy Industries’ shipyard in Geoje, South Korea.
At 488 meters long and 600,000 tons fully loaded, the facility will be the largest floating object ever constructed. And now as the last of the topside modules now safely installed, the full scale of the project becomes clear.
Shell plans to moor the Prelude FLNG some 200 kilometers off western Australia at the Prelude gas field for 25 years, where it is expected to produce the equivalent of 110,000 BOE per day.
gCaptain’s full coverage of this behemoth can be found HERE.
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