Equinor and Korean companies form consortium for floating offshore wind project

Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have formed a consortium to develop floating offshore wind project Donghae 1, off Ulsan in South Korea. The consortium is currently launching the development of a 200MW floating wind farm near...


LNG Containment System That Makes Smaller Projects Feasible Passes Gas Trials

LNG Containment System That Makes Smaller Projects Feasible Passes Gas Trials

In a major development, the LNT Marine has announced that they have successfully completed gas trials of its novel LNTA-BOX® containment system aboard the Saga Dawn, a mid-size LNG carrier due for delivery from China Merchants Heavy Industry (Jiangsu) shipyard, says an article published in Maritime Executive.

The Saga Dawn will be the first vessel to operate a completely new LNG containment system in decades the article further states.

About the Contract

Saga LNG Shipping and China Merchants...


ICTSI Pakistan launches rail service

ICTSI Pakistan launches rail service

Pakistan International Container Terminal (PICT), a subsidiary of International Container Terminal Services, Inc. (ICTSI), in cooperation with the state-owned Pakistan Railways, recently successfully launched a dedicated rail cargo service connecting the cities of Karachi and Lahore.

The cargo rail service hopes to move goods faster and at a significantly lower cost to upcountry markets, benefiting major industries of the country, such as agriculture, textile, fertilizer, sports goods,...


Allure of the Seas : une rénovation à 165 millions de dollars

Croisières et Voyages

Mis en service en 2010, le paquebot géant Allure of the Seas, seconde unité de la classe Oasis de la compagnie américaine Royal Caribbean International, bénéficiera l’an prochain d’une profonde rénovation. Pas moins de 165 millions de dollars vont être investis dans sa remise à niveau après 10 ans d’exploitation. Les espaces publics et cabines du mastodonte seront remis à neuf, alors que différentes transformations et nouveautés verront le jour à bord, comme un...


Oman Shipping to buy three more VLCCs

Oman Shipping Company (OSC), part of the Asyad group, is expanding the size of its tanker fleet through the purchase of three new 336m long VLCCs from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). Once operational, OSC predicts that the three newbuildings will increase company revenues by around 10 per cent. Long term contracts with international oil majors are already in place for all ships, it adds. Able to hold 300,000 tons of cargo, all of the new ships will also be...


JPMorgan Concerned About the Seizure of Its Ship?

JPMorgan doesn’t seem to mind about its ship getting seized by US customs weeks after more than $1 billion worth of cocaine was found aboard, reports Business Insider.

Financial service company isn’t sweating much

JPMorgan hasn’t yet felt inclined to publicly address its association with the vessel. The firm has also declined several requests for comment from Markets Insider. 

Bloomberg Opinion columnist Matt Levine lists out four possible reasons why JPMorgan likely isn’t sweating too much:



[Watch] Giant Shipping Crane Crashing Over Dock After Being Hit by a Containership

A huge shipping crane smashed into the dock in Semrang, the capital city of Central Java in Indonesia, reports Mirror.co.uk.

What happened?

A huge crane came crashing down onto a dock after a container ship careered into it. The catastrophic shipping incident took place on 14 July afternoon in the port of Semrang, the capital city of Central Java in Indonesia.

A video of the smash shows a boat piled high with containers slowly drifting towards the harbour wall. A number of men can be heard...