• 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 August 26

18:02 MV WERFTEN signs a letter of intent with Foreship
17:24 CMA CGM announces GRR from Asia to North Africa trades
16:59 Rates for pilotage fee changed at port Ust-Luga
16:24 CMA CGM implements GRR from Asia to North Europe
16:05 Evergreen, K Line, COSCO, Wan Hai and PIL to offer two new joint services for Indian Subcontinent
15:52 VARD secures contract for two luxury expedition cruise vessels for Hapag-Lloyd Cruises (photo)
15:43 Russian fishing fleet is being equipped with Gonets sattelite system of domestic origin (photo)
15:26 Hansa Heavy Lift transports giant pipe racks for new FPSO unit in Brazil
15:22 Seaspan closes the sale of its previously announced public offering of shares
14:21 Kalmar appoints Peter McLean to lead the Asia-Pacific region
13:50 Within the unannounced inspection Coastal Troops and Marines of Black Sea Fleet and Caspian flotilla performed marches to concentration zones
13:22 Ulrike Riedel to become HR Director of the EUROGATE Group
13:02 CMA CGM announces GRR from Asia to Mediterranean
12:19 The Grimaldi Group completes the acquisition of Finnlines
12:15 ABS announces the publication of The ABS Guide for Certification of Offshore Access Gangways
11:54 EC, Tekes selects Norsepower to develop the world’s largest rotor sail
11:20 High-level officials met in Riga to discuss Rail Baltica Intergovernmental Agreement
10:41 Dutch ambassador promotes the emergence of LNG platform in Lithuania
10:29 Matson signs contract with NASSCO to build two new Con-Ro ships for Hawaii service
10:19 WSS Suez Canal transit team to cut customer costs, workloads and confusion
10:08 Brent Crude futures price down 0.46% to $49.44, Light Sweet Crude – down 0.26% to $47.20
09:52 Rosmorport announces tender for maintenance dredging at port Temryuk
09:33 Indicative bunker prices are almost flat at the port of Saint-Petersburg (graph)
09:19 Baltic Dry Index up to 718 points

2016 August 25

18:46 Tuco Marine reveals a new Arctic Workboat Daughter Craft
18:05 Scania will introduce marine engines meeting the requirements of TIER III
17:37 The logistics division at IMPERIAL continues to grow
17:11 Royal IHC upgrades underwater pump-unit TSHD for Van Oord
17:04 BMW Group Brazil celebrates first shipment to the US
16:45 Gazprom Neft reports IFRS financial results for 2H and 1H 2016
16:22 Kalmar wins further forklift order from Algerian port procurement company GICEP
16:03 Foreship establishes Tallinn subsidiary
15:41 Yet another regular ocean link between the Port of Gdansk and Asia
15:20 Norsepower receives €2.6m funding to develop the world’s largest rotor sail
14:59 ESL Shipping’s ice-strengthened supramax vessel Arkadia contracted to transport iron ore from Canada to Germany
14:52 Damen and AEC Maritime join forces for scrubber solutions
14:37 Renewable energy business triggers busiest period at the Port of Ayr in 25 years
14:15 Höegh Autoliners names latest newbuilding
13:50 Baltic Workboats completed its first all-new 22-metre wave-piercing aluminium patrol boat Patrol 2200 WP for Belgium Customs
13:26 Klaipeda Seaport cargo handling turnover increased by 4.2% to 23.15 mln t in 7M’16
13:11 The Australian Maritime Safety Authority’s next gen search and rescue satellite tracking system is now operational
13:07 Sovcomflot’s H1 2016 net profit down 23.3%, y-o-y, to $165.9 mln
12:40 ABB’s Marine Academy launches arctic course in response to strong demand
12:16 Lucas Marine partners with Harbor Breeze Cruises to reduce fuel costs in L.A. & Long Beach Harbors
11:55 Bunker prices go up at the Far East ports (graph)
11:31 "K" Line enhances Asia/India/Pakistan services (PMX/PIX)
11:22 Barque Kruzenshtern takes part in Black Sea Tall Ship Races 2016 in the year of her 90-year anniversary (photo)
11:09 OOCL announces withdrawal on the North Pacific 3 service
10:50 Brent Crude futures price up 0.04% to $49.03, Light Sweet Crude – up 0.04% to $46.79
10:33 AS Tallink Grupp published unaudited consolidated interim report for Q2 2016
10:09 MSC launches new direct service from Middle East-Pak-India to East Africa
09:45 Tallink Grupp states QII profit of EUR 36 mln
09:14 Baltic Dry Index up to 706 points
09:02 Secret corporate structures rife in North Sea Oil - ITF

2016 August 24

18:52 Signing of cooperation agreement between ports of Kiel and Ust-Luga slated for Sept. 22
18:31 Port of Long Beach continues investments in community groups
18:31 COSCO delivers PSV and two jack-up rigs
18:07 Fram C East starts production to the Troll C platform
17:54 BG Freight Line to take delivery of chartered Ireland max feeder vessels
17:43 Area of prohibition around submarine wreck in the North Sea reduced by Danish Maritime Authority