• 2016 February 9 12:48

    Lithuanian LNG terminal services demand triples

    LNG terminal operator SC Klaipedos Nafta says it has entered into two new contracts with the biggest national gas market participants – JSC "Lietuvos dujų tiekimas" and SC “Achema”. LNG terminal capacity utilization contract is concluded for the period until 30th September 2016. For this period LNG terminal will receive 12 cargoes.

    "Literally, we can say that the LNG terminal in Klaipeda has created all the prerequisites for an independent gas market to emerge with the ability for gas customers to choose for themselves the most attractive and acceptable gas supply source. Proof of this is the appearance of a new terminal capacity user. I would like to emphasize that this is a clear signal not only to Lithuania, but also for all Baltic market, that the LNG terminal ensures efficient logistics chain and creates the preconditions to get gas at lower prices than are currently offered by alternative gas suppliers providing pipeline gas,"- said SC Klaipedos Nafta General Manager Mantas Bartuška.

    According to the company, already in the second year of LNG terminal operation LNG import demand confirms that there had been made and optimal choice of the technological concept of the terminal – 170,000 cubic meters storage tanks size is equal to the standard gas carriers and allows unrestrictedly receive LNG cargoes. Meanwhile regasification device’s capability allows supplying the market with the necessary natural gas quantities.

    During the first year of terminal operation there was one user – JSC "LitGas", also Estonian industrialists import gas from Lithuania.

    "Lithuania has created a regulatory environment which actually made it possible to diversify the market. In our view, this should be an example to the other countries in the Baltic region to use existing regulatory environment and harmonize our markets into a single regulatory system. Joining forces in unified regulatory environment of the Baltic countries enables us appropriately and timely response to changes in the gas market and make effective decisions for LNG purchase. We believe that the Baltic countries can exploit the resulting alternative gas supply infrastructure in the region,"- says Mantas Bartuška.

    The State owns 72.32 percent of Klaipedos Nafta shares.

2016 May 31

18:48 Sembcorp Marine delivers jack-up rig to Maersk
18:40 M/V Roger Blough runs aground in Lake Superior
18:13 Yara announces changes to executive management team
18:01 Dublin Port invests €0.5m in New Seafarers’ Centre
17:47 FESCO posts its operational and financial results for the 1Q ended March 31, 2016
17:19 Petrobras announces new CEO and changes to management team
17:18 Boskalis inks EUR 300M contract for Fehmarnbelt project
16:46 Second tug fleet operator selected for Port Hedland
16:04 DEME & CFE sign contracts for the construction of the world’s longest immersed road and rail tunnel
15:31 Paris MOU agrees on a concentrated inspection campaign on Marpol Annex VI in 2018
15:28 Heimdal gas field in the North Sea turns 30
15:11 Hapag-Lloyd to increase in July rates for North East Asia - Australia trade
14:57 Maersk Line launches new and improved Asia-North Europe Network
14:10 MSC enhances services between Asia-North Europe
13:46 Admiralteiskie Verfi shipyard launches the Kolpino, diesel-electric submarine of Project 636 built for RF Navy (photo)
13:23 Hapag-Lloyd hikes rates on East Asia - Mexico, WCCA and WCSA routes
13:01 FESCO posts operational and financial results for the 1Q Ended March 31, 2016
12:40 TransContainer reports its Financial Results under IFRS for the 1st quarter of 2016
12:20 Bunker market of Russia’s Far East ports still sees deficit of IFO-180 НS (graph)
12:02 Antti Kaunonen takes the helm as Kalmar's President
11:50 Maersk Line improves Asia – North Europe network
11:37 Yenisei River Shipping Company opens cargo navigation on the Lower Tunguska
11:24 Andrei Gormakh appointed as Director General of Makhachkala Commercial Seaport (photo)
11:13 Hapag-Lloyd hikes rates on East Asia-Caribbean, East Coast Central America, Panama, Mexico Gulf and Progreso service
11:05 MOL implements General Rate Restoration from Asia to East Coast South America
10:52 Van Oord signs EUR 300 million contract for Fehmarnbelt project
10:41 Brent Crude futures price down 0.34% to $50.19, Light Sweet Crude – down 0.36% to $49.51
10:27 APM Terminals Bahrain invests in safety and intelligent IT systems
10:20 Port control inspectors cannot ask for paper copies of VGM certificates, says RF Transport Ministry
10:08 CMA CGM set to acquire NOL
09:19 Port of Gdansk at the European Economic Congress

2016 May 30

18:48 Pact of Amsterdam makes EIB a key player in the Urban Agenda for the EU
18:27 Van der Velden BARKE® high-lift flap rudders installed in new U.S. ocean going ATB
18:00 Marine Façade (Saint-Petersburg) welcomed 12 cruise ships last week (photo)
17:42 Maersk Drilling acquires newbuild harsh environment jack-up rig with a five-year drilling contract
17:17 Abu Dhabi Ports presents industry opportunities to Chinese businessmen
16:53 Port Bronka welcomes first passengers (photo)
16:35 DP World announces new $1.2bn sukuk to be listed on Nasdaq Dubai
16:15 The Port of Gdansk at the centre of interest of the south of Poland
15:47 DP World to create JV to manage Port of Berbera in Somaliland
15:27 Port of Long Beach maintains strong bond rating
15:13 Reconstruction of Northern Dvina lock system sees completion of its first phase (photo)
14:56 Baltic Fuel Company obtains a permit for construction of Marine Oil Terminal “Turukhtanniye Islands"
14:25 Eighth 14000-teu boxship delivered to Seaspan
14:07 Steel-cutting ceremony for trawler of Project SK-3101R held at Yantar shipyard (photo, graphics)
13:52 Foundation of Kerch Strait bridge already numbers over 1,000 piles (photo)
13:45 WSS warns product and chemical tanker operators on the dangers of non-standardised cleaning products
13:37 Boskalis Subsea bags an IRM contract from Maersk Oil for the provision of air and saturation diving services
12:50 Average wholesale prices for М-100 HFO up to RUB 6,567 in RF spot market
12:31 Wärtsilä to provide turnkey electrical systems for 4 new RoRo ferries
12:18 Throughput of grain terminal at port Zarubino can exceed 20 mln t per year by 2030, says United Grain Corporation
11:42 NASSCO shipyard lays keel for ECO-class, LNG-ready product tanker Liberty
11:01 Representatives of 'PP of SPb MF' PLC took part in the 'Organization of passenger water transport' Round Table
10:37 Brent Crude futures price down 0.56% to $49.67, Light Sweet Crude – down 0.41% to $49.13
10:22 US ferry passenger traffic totaled over 115 million people in 2014
10:03 Baltic Dry Index up to 606 points
09:45 ESL Shipping's barge Espa to become a floating beach and events area for the summer
09:35 Sembcorp Marine delivers jack-up rig Maersk Highlander
09:32 Nevsky Shipyard launches the medium-sized sea tanker “Academician Pashin”

2016 May 29

12:30 AMSA investigates Bowen vessel capsize