• 2012 November 22 15:04

    European Investment Bank to provide $174.2 million for Polish LNG Terminal

    The expansion of a liquefied natural gas (LNG) terminal on the Polish-German border took a step forward on Tuesday after the company established to construct and operate the facility said it was to embark on research project to asses demand, Ship & Bunker reports.

    "Our business decisions ought to reflect the needs of the market," said Polskie LNG CEO Rafał Wardzińsk. "it's time to ask what services the market expects from us."

    The European Investment Bank is reported to have provided PLN600 million ($174.2 million) for the Świnoujście LNG terminal, which is scheduled for completion by June 30, 2014.

    It is the first infrastructure project of its kind in Central and Eastern Europe and the investment is seen as a way of promoting energy security in the European Union (EU).

    "We assume that the capital invested in the construction of the LNG terminal shall be used most efficiently to bring the best returns in the future," said Wardzińsk.

    "We expect our terminal to play an important role not only on the energy map of Poland but also in the entire region of Central and Eastern Europe, offering the clients a wide range of business opportunities," he added.

    The market study will consider demand for increased LNG volume, potential need for LNG storage services, and demand for truck and rail cistern loading services.

    Singapore just announced the expansion of an LNG terminal now under construction from 6 mtpa to 9 mtpa to meet the needs of its growing economy.


2020 February 28

18:17 CMA CGM announces FAK rates from North Europe to Canada
18:12 Onezhsky Shipyard launches second hybrid workboat for Rosmorport
17:30 COSCO SHIPPING successfully completes the first bauxite shipping mission for CHINALCO’s project in Guinea
17:06 CMA CGM announces FAK rates from North Europe to USEC, USGULF and USWC
16:54 Glavgosexpertiza approved construction of Arctic LNG 2 facilities
16:52 ICHCA International, the International Cargo Handling Coordination Association, and the Association of Bulk Terminal Operators sign MOU
16:11 Shipbuilding and Shiprepair Yard RIF conducted sea trials for its HDP boat of Project Rif-75 PKZ
15:47 LNG fuelled ore carrier proves to be commercially viable, SEA-LNG study shows
15:20 FESCO Board expanded to nine members
14:16 Panahon presence boosts PISR in the Far East
13:49 Norwegian Shipowners' Association issued sustainability reporting guidelines for shipping and offshore industries
13:13 Johan Röstin steps down as CEO of ForSea
12:36 RF Navy's ship Admiral Vladimirsky completed oceanographic research in Bellingshausen Sea
12:10 Polskie LNG launches Open Season Process for Świnoujście LNG Terminal
11:47 Port of Antwerp launches Bulkchain collaboration platform
11:02 Diana Shipping announces the sale of a Capesize dry bulk vessel, the m/v Norfolk
10:41 IMO developed guidelines for taking onboard samples of fuel from ships
10:18 Fincantieri launches the first corvette for Qatar
10:07 Pathways to achieve IMO's Initial GHG Strategy goals discussed at dedicated workshop hosted by WMU
09:40 Brent Crude futures price is down 2.51% to $50.43, Light Sweet Crude – down 2.68% to $45.83
09:29 The construction of new deepwater berths of cruise terminal at Piraeus Port starts
09:21 MABUX: Bunker market this morning, Feb 28
09:14 Baltic Dry Index is down to 529 points
08:32 CMA CGM announces PSS for cargo from North Europe to Asia

2020 February 27

18:05 European yards specify Thordon System as standard for deck machinery
17:48 IMO's GloFouling Partnership project tackles problem of invasive aquatic species in Sri Lanka
17:29 Tallink Grupp reports nearly 25% higher net profit for the full financial year 2019
17:05 AquaTerra acquires Subsea Engineering and Technical Services
16:51 Zelenodolsk Shipyard named after A.M. Gorky laid down passenger ship Chaika LNG
16:35 Vale clarifies incident with contracted vessel
16:04 NYK Cruises to cancel cruises due to coronavirus
15:30 Average physical depreciation of Rosmorport’s berthing facilities is 24%
15:07 National Association of Shipping Agencies addresses FAS over plans on multiple increase of port dues in Russia
14:56 Arbitration award related to purchase options for four VLCCs on charter to Okeanis ECO Tankers
14:43 ASCO strengthened preventive measures against coronavirus
14:19 ASCO takes necessary precautionary measures to prevent environmental damage
13:55 Rotterdam to host ACI’s 24th Ballast Water Management Conference on 7-8 April 2020
13:53 Ørsted signs 20-year lease with Port of Taichung for Greater Changhua offshore wind farms
13:34 Vysotsk VTS obtains Certificate of Conformity
13:12 Xeneta container rates alert: long-term contracted rates hold despite Coronavirus chaos
12:56 Certificate of Conformity obtained for Ust-Luga VTS
12:33 Finnlines published its 2019 Financial Statements and Financial Review
12:10 A.P. Moller - Maersk links new $5.0bn revolving credit facility to its CO2 performance
11:52 Port of Gdynia seeks opportunities for further development
11:28 Rosmorport’s Murmansk Branch performed pilotage of Capesize vessel
11:04 Rosmorport to complete dredging under NOVATEK’s project in Petropavlovsk-Kamchatsky by April 2021
10:41 3rd Technical Conference "Modern Solutions for Hydraulic Engineering" kicks off in Moscow
10:35 Ships of RF Navy’s Baltic Fleet continue performing planned training as part of its long-distance campaign
10:16 Port of Oakland debt ratings affirmed by Fitch
10:13 Brent Crude futures price is down 1.52% to $51.99, Light Sweet Crude – fell to 1.54% to $47.98
09:56 Hydrographic Department to dredge about 20 million cbm of material on Sabetta’s seaway canal in 2020
09:34 Marine Recruiting Agency LLC trained 1,957 specialists in 2019, up 2.6% YoY
09:32 MABUX: Bunker market this morning, Feb 27
09:15 Baltic Dry Index is up to 517 points

2020 February 26

18:37 Royal IHC to supply integrated power cablelay spread
18:01 Chartwell Marine announces sponsorship agreement with Alan Roberts Racing in the lead up to the 2020 racing season
17:29 Keppel delivers world’s fastest brownfield FPSO modification project
17:26 Busan Port Authority and Samsung SDS signed a contract to operate a logistics center in Rotterdam, Netherlands
17:00 Smart Maritime Council announces support for shipboard machinery data standard
16:23 Damen DOP ensures new approach to dredging – expert opinion