Tagged Transportation

LNG Easy eyeing virtual pipeline development in Pakistan

By Adnan Bajic LNG Easy, a unit of LNG Easy Singapore, is eyeing the development of Pakistan’s first-ever virtual LNG pipeline. Courtesy of LNG Easy LNG Easy said in its statement that it has signed a memorandum of understanding with Karachi Port, Pakistan Railways and an international oil company. Under the memorandum of understanding, Karachi…

Awilco LNG amends financial agreements for its tanker pair

By Adnan Bajic Norwegian LNG transportation provider Awilco LNG has agreed to an amendment to the financial covenants in the sale/leaseback facilities for the WilForce and the WilPride. Courtesy of Awilco LNG Under the agreement with CCB Financial Leasing the required minimum consolidated cash and cash equivalents financial covenant of $10.0 million has been reduced…

Høglund, HB Hunte unveil tank concept for LPG, CO2 transportation

By Naida Hakirevic Norway-based maritime solutions provider Høglund Marine Solutions has, in collaboration with Germany’s HB Hunte Engineering, developed a tank concept for LPG and CO2 transportation, based on existing technology. As informed, the new system more than doubles current vessel cargo capacity to transport liquefied CO2, representing a vital step forward in the development…

Damen to build nine eco-friendly ferries for Aqualiner-Swets

By Naida Hakirevic Damen Shipyards Group has signed a contract with the Dutch ferry joint venture Aqualiner-Swets for the construction of nine passenger vessels. With these vessels, the joint venture will provide the public transportation service between Rotterdam and the Drecht cities on behalf of the Province of South Holland and the Region from 2022,…

Hudong-Zhonghua cuts steel for China’s LNG newbuild

By Adnan Bajic Hudong-Zhonghua Shipbuilding (Group) has cut steel for the first LNG carrier it is building for compatriot trio of COSCO Shipping, CNPC and CSSC. The company cut steel on October 31, for the H1831A, the first of three vessels capable of transporting up to 174,000 cubic meters of LNG. This is the first…

Total charters LNG-fueled Aframax quartet

By Adnan Bajic In its bid to reduce greenhouse gas emissions in maritime transportation, Total has chartered four LNG-fueled Aframax-type vessels. Courtesy of Total The company said on Wednesday the vessels, each with a capacity of 110,000 tons of crude oil or refined products, will be delivered in 2023 and will join the time-chartered fleet…

NYK boosts LNG carrier management capacity

By Adnan Bajic Japanese shipping major Nippon Yusen Kaisha (NYK Line) has signed a deal with Total to acquire shares in the ship management company Gazocean. Illustration only (Courtesy of Gazocean) Under the sales and purchase agreement with Total, NYK Line will acquire all the French company’s shares in Gazocean on October 22. Based in…

UECC joins UN Global Compact

By Naida Hakirevic United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. The UN Global Compact is a voluntary platform where close to ten thousand corporations and organizations in 160 countries develop, implement and share best practices in sustainable…