Dutch group SBM Offshore announced it has completed the project financing of FPSO Liza Unity by a consortium of nine international banks, for a total of US$1.14 billion. The company expects to draw the loan in full, phased over the construction period of the FPSO.
In an exclusive interview with SAFETY4SEA, during ICS’s 2019 Conference – Setting Course for 2050: Powering Global Trade, at LISW 2019, Guy Platten, Secretary General of ICS, provided his thoughts on the future of shipping and how IMO 2020 will affect it.
Port of Antwerp has ordered construction of a tug powered by hydrogen, the first in the world. This ‘Hydrotug’ is driven by combustion engines that burn hydrogen in combination with diesel. The motors also comply with the very strictest standard, the EU Stage V.
In this video, WinGD’s CEO, Klaus Heim, and Vice President for R&D, Dominik Schneiter, discuss with ExxonMobil’s Marine Fuels Venture Manager, Luca Volta, and Global Marine Equipment Builder Manager, Steve Walker regarding engine design and LNG growth to 2020 readiness and what happens beyond January 1st 2020.
ExxonMobil introduced EMF.5, its range of engineered marine fuels, specifically designed to help operators comply with the IMO 2020 global sulphur cap. The company says that the new product does not compromise fuel quality. ExxonMobil has also developed a n40BN cylinder oil, to work with low-sulphur fuels. It will be available across its port network along with our EMF.5 range of fuels.
The Panama Canal informed that on May 12 it welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) tanker to ever transit the waterway. The tanker features 315 meters in length and 50 meters in beam, having an overall cargo capacity of 210,000 meters3 of LNG. The milestone transit also highlighted the Canal’s environmental benefits because of its ability to help vessels reduce the distance and duration of their trips.
During the 2019 SAFETY4SEA London Conference, Mr. Steve Esau, General Manager, SEA/LNG, provided an overview of the current LNG scene. He added that LNG can be a viable marine fuel, and it leads to significant environmental benefits. In addition, on a 10-year basis, LNG delivers a significantly higher ROI compared with open-loop scrubbers and it is a hands-down winner compared with low sulphur fuels.
Teekay LNG Partners, completed its Shell-chartered quartet with the delivery of the Pan Africa. LNG newbuilding, Pan Africa, is the fourth and final ‘Pan’ vessel joining the TGP fleet, alongside Pan Asia (2017) and Pan Americas (2018), and Pan Europe (2018).
In this video, IEA explains how the oil markets are changing. With developing economies now contesting for more demand, they will account for all of the growth in oil consumption by 2040 and over 80% in gas use. What is more, global oil production is continuing its increase fueled by the transport sectors and petrochemicals.
In an exclusive interview with SAFETY4SEA during Gastech 2018, Mr. Alexander Prokopakis, CEO at probunkers, highlighted that ‘LNG is the future’ and revealed their ambitious action plan with the aim to become a ‘premium provider’ of LNG. Probunkers is a new LNG bunkering project which made its debut at Posidonia.
