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Video: FPSO Petrojarl Knarr Sailaway

It’s been three years since the works started on Teekay’s largest project to-date, FPSO Petrojarl Knarr. In early June, construction of the vessel was completed, and in July 2014, the Petrojarl Knarr FPSO sailed away from the shipyard and was on track to the North Sea to commence its charter contract in the fourth quarter of 2014. [...

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Platts JKM: October Spot LNG Prices on the Rise

Prices of spot liquefied natural gas (LNG) for October delivery to Asia gained 19.8% on a month over month to an average $12.826/MMBtu per million British thermal units (/MMBtu), according the latest Platts Japan/Korea Marker (Platts JK) for month-ahead delivery released yesterday at the 2014 Platts LNG Forum in London. This marked the first...

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Odfjell Gas Inks Pool Deal with Lauritzen Kosan

Odfjell Gas AS, an LPG/ethylene joint venture between Odfjell SE and affiliates of Breakwater Capital and Oak Hill Advisors, has entered into an agreement with Lauritzen Kosan AS, placing its existing two LPG/Ethylene carriers, Bow Guardian and Bow Gallant, on commercial management with similar size tonnage operated by Lauritzen Kosan. Odfjell...

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Victoria’s Ports on Australian Parliament Agenda

Victoria’s commercial ports have performed strongly over the past year, posting solid figures in import and export trade, Port of Hastings says in a release. Australia’s Minister for Ports David Hodgett welcomed the annual reports tabled in Parliament, and said the figures reinforced the strategic value of Victoria’s commercial ...

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Cosco Sheds Deadweight

China Cosco Holdings Company Limited  had disassembled eight bulk carriers with the aggregate capacity of 553,798 deadweight tonnes throughout July and August 2014. The scrapping is in line with Cosco’s recent decision regarding restructuring of its shipping fleet, and the decommissioning and disposal of aged vessels. The vessels, sold as scr...

Read more: Cosco Sheds Deadweight

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