Qatar’s LNG dominance under pressure:  Wood Mackenzie

Qatar’s LNG dominance under pressure: Wood Mackenzie

Kuala Lumpur : Consultants Wood Mackenzie reckon that by 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar. The supply capacity of Malaysia’s Petronas is growing through new capacity additions in eastern Malaysia as well as Canada, offtake agreements with other suppliers and projects such as GLNG in Australia.

New title covering marine lubricants debuts

New title covering marine lubricants debutsSingapore: Today sees the launch of another magazine from the Asia Shipping Media stable, the third in three days. Maritime CEO teamed up with Singapore firm UniMarine to debut a special marine lubricants title in time for the giant ...

Es Sider gears up for more oil exports

Es Sider gears up for more oil exportsCairo: Libya’s giant Waha oil field is back in operation. The eastern oil field can produce up to 160,000 barrels a day when fully up to speed. The oil is sent to Es Sider terminal, which restarted exports using stored oil last wee...

Saudi Aramco to invest $40bn a year to maintain energy exports

Saudi Aramco to invest $40bn a year to maintain energy exportsDubai: Saudi Aramco has announced plans to invest $40bn a year for the next ten years to maintain oil production and double gas output in Saudi Arabia Al Falih, chief executive of Saudi Aramco, said at a conference in Norway yeste...

Top owners speak with Maritime CEO

Top owners speak with Maritime CEOSingapore: The latest issue of Maritime CEO magazine, a sister title to this site, goes live online today. On the cover is the elusive, mercurial Nobu Su, who runs Taiwan’s Today Makes Tomorrow (TMT), a man whose fortunes have take...

DP World takes control of second Belgian terminal

DP World takes control of second Belgian terminalDubai: DP World is to take full control of a planned container terminal at Liège Port in Belgium. The operator is taking on the shares owned by Euroports. The container terminal will cover 100 hectares along the Albert Canal and ...

Kuwait signs deal with Unipec to sell 300,000 barrels of oil per day

Kuwait signs deal with Unipec to sell 300,000 barrels of oil per dayDubai: State-run Kuwait Petroleum Corporation (KPC) and China’s Unipec have signed a landmark deal that will almost double crude oil deliveries over a decade, the biggest-ever contract in KPC’s history. Under the agreement, KP...

Further protests against Zim ships

Further protests against Zim shipsLos Angeles: More Zim containerships have been blocked from offloading cargo at ports across the US West Coast in protests against Israel’s actions in Gaza. The latest action has taken place at the ports of Long Beach and Tacoma ag...

Omanoil Matrix Marine enhances bunker services at Sohar Port

Omanoil Matrix Marine enhances bunker services at Sohar PortMuscat: Omanoil Matrix Marine Services LLC (MXO) has enhanced its physical bunker delivery services at the Port of Sohar with the deployment of a dedicated 6,000 MT IFO barge Azalea. With the dedicated 6,000 MT barge in port as of A...

Fuel storage depot under construction at Salalah

Fuel storage depot under construction at Salalah Muscat: A large new fuel storage facility will be built at Oman’s Salalah Port. The project, undertaken by Mina Petroleum, should be up and running next year, initially catering to naval vessels and then all commercial traffic.

Zim Piraeus finally leaves Oakland

Zim Piraeus finally leaves OaklandOakland: The hounded containership Zim Piraeus has left the Port of Oakland after days of protest from locals angered by Israel’s actions in Gaza. The ship is now thought to be heading back across the Pacific to Vostochny in the fa...

Standard Chartered Private Equity buys into Topaz

Dubai: OSV player Topaz Energy and Marine has announced a $75 million new equity investment in the business from Standard Chartered Private Equity (SCPE). Under the terms of the investment, SCPE will inject $75m of equity in return for a 9.8% stak...

Zim Piraeus’s troubled US West Coast calls

Oakland: An Israeli-owned ship that was blocked by protesters for days from unloading cargo at the Port of Oakland left port Tuesday afternoon but returned hours later. The Zim Piraeus departed the port shortly after 3 p.m. Tuesday, reportedly en ...

Qatargas delivers gas to new Chinese destination

Doha: Qatargas has delivered the first cargo of LNG to China National Oil Corporation’s (CNOOC)’s new Hainan LNG terminal. The cargo arrived on a Q-Max class LNG vessel and will be used to commission the new LNG terminal. “This is an import...

Egyptians can invest in new Suez channel

Cairo: Egyptian investors will be able to buy unlimited shares of investment certificates in the new Suez Canal channel, to be issued next Sunday, Egypt's Ahram Online has reported, quoting Finance Minister Hany Kadry Demian. A new $4bn, 72 km lon...

Zim ship meets protesters in California

Oakland: For the second day in a row, activists protesting against Israeli strikes in Gaza, succeeded in stopping a ZIM containership from calling at California’s Port of Oakland on Sunday evening. Up to 3,000 people formed picket lines at the Port...

Owners advised to proceed with ‘great caution’ when calling Libya

Cairo: Shipowners calling in Libya need to be very careful and should also look at their charterparty contracts, a leading P&I Club has warned. In a circular to members, Skuld said that the situation in Libya “is rather volatile and fluid”.

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Try being accommodating

Seafarers deserve a decent living environment, and shipowners will reap the benefit with a happy crew, argues regular columnist Bei Hong

Try being accommodating

Different parts of the world have differing approaches to taking vacations, but the general rule seems to be that the summer months are a bit slower from a business point of view as many people head off on a well deserved break from the daily grind. This is particularly true in the West. In the US, the onset of the ‘driving season’ brings about optimism in tanker markets (usually unfounded) that gasoline demand will prompt a spike in rates. In Europe, a vast migration south takes place with roads such as the wonderfully named ‘Autoroute du Soleil’ in France choked with holiday traffic. Many travellers choose to break their journey at one of the budget hotels sited alongside major roads.  These establishments offer small, utilitarian accommodation with no more than the absolute basics - somewhere to sleep but certainly not somewhere you would want to spend any more time than is absolutely necessary.

The last time I stayed in such an establishment, I couldn’t help thinking that this cost effective lodging solution was not dissimilar to the cabins our seafarers live in. The difference, of course, is that whilst I was there merely to grab a few hours sleep before hitting the road again, for the seafarer it was home for anything up to nine months. Of all the advances made in shipping in recent years, be they improving efficiency, safety or environmental protection, one area where we seem to have gone backwards is the environment we expect our crews to live in.

I recently went onboard a 16-year-old containership, whic ...   More>>