• 2017 November 14 16:34

    BW Group Limited and Mitsui & Co. form JV to jointly own FSRU BW Integrity

    BW Group Limited and Mitsui & Co. has announced the formation of a Joint Venture (JV) to jointly own the Floating Storage and Regasification Unit (FSRU) BW Integrity, the company said in its press release. Mitsui & Co. has purchased a 49% share in BW Integrity, and BW continues to own a 51% share in the vessel. BW will continue to provide commercial and technical management services. BW Integrity is currently in Port Qasim on a 15-year charter to PGP Consortium Limited (PGPC), to provide LNG regasification services at Pakistan’s second LNG import terminal.

    Mitsui & Co.’s Chief Operating Officer of the Integrated Transportation Systems Business Unit II, Takeshi Setozaki said: “Mitsui and BW have enjoyed a good relationship for many years in various shipping areas. The opportunity for us to enter the FSRU business is a very big step forward for our future business strategy. As a LNG receiving/regasification base project is an extension of the LNG shipping business area, it is important to acquire know-how of the FSRU business and to maintain effective relationships with partners like BW. I am convinced that this partnership will also greatly contribute to Mitsui &Co.’s gas sales strategy. I would like to continue to expand this business area firmly in the future.”

    BW is a leading international gas shipping company with more than 80 years of maritime energy transportation history, 40 years of operational experience in LNG and a current fleet of 21 LNG carriers and FSRUs including newbuildings. BW’s first FSRU, the BW Singapore, is currently involved in a five-year contract providing LNG regasification and storage services in Sumed, Egypt.

    About BW Group
    BW Group is a leading global maritime group involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deepwater production. Through its predecessor companies, Bergesen and World-Wide Shipping, BW has been delivering energy and other vital commodities for more than 80 years. BW's fleet of over 160 vessels includes refined oil tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, chemical tankers, dry cargo carriers and floating production storage and offloading (FPSO) units.

    About Mitsui & Co.
    Mitsui is a leading diversified and comprehensive trading firm in Japan. Mitsui provides a “one stop shop” service for our partners, customers and clients. Mitsui established a branch office in Pakistan in 1952 and has been involved in many business fields to contribute to Pakistan’s growth and prosperity. In the LNG field, we have created a Gas Value Chain business model, from upstream to the downstream industries, and focused on the Asia region and FSRU/receiving terminal related business.




2017 November 22

08:07 Further SharpEye™ order for Pakistan Navy Submarine upgrade
07:30 Ekofish Group builds twin-rigger at Damen Maaskant Shipyards Stellendam

2017 November 21

18:24 Navios Maritime Holdings reports 3Q, 9 months financial results
18:19 Philly Shipyard delivers fourth and final product tanker to Kinder Morgan
17:59 Major ASW ship Vice Admiral Kulakov enters Norwegian Sea
17:37 Sokhna World Zone project presented to investors in Dubai
17:23 Mathilde Maersk rescues stranded fishermen
17:12 Tuco and Sea Machines unveil remote controlled prozero workboats
16:51 Sea Port of St.Peterburg completed another stage of machinery modernization
16:34 Hapag-Lloyd announces vessel delay and port omission on WAN service
16:27 MOL and joint PBCF developers attend 2017 Nikkei Global Environmental Technology Award ceremony
16:17 MMT starts offshore geophysical survey for AQUIND Interconnector
15:54 Gazprom and Shell discuss LNG projects and Nord Stream 2
15:35 IMO’s technical cooperation activities have received a boost of US$1.0 million
15:11 Kleven signs MoU with De Beers Marine Namibia
14:52 Djibouti Regional Training Centre equipped with modern computer-based training simulator
14:33 FESCO delivered equipment from Shanghai to Moscow for Chinese CRCC to construct the Moscow metro stations
14:14 Great Lakes takes delivery of Ellis Island, largest hopper dredge in the USA
13:42 State-of-the-art dredger launched with Wärtsilä propulsion system
13:28 Cummins to feature EPA Tier 4 QSK38 clean diesel engine at International Workboat Show
13:05 Russia’s General Board of State Expert Review approves Kola Yard project (photo)
12:23 EU NAVFOR confirms the names of the attacked vessels as Galerna III and MV Ever Dynamic
11:58 Assembling of Crimea Bridge’s motor vehicle part completed at one of the four sea sections (photo)
11:25 Lisbon, Portugal will host LPG Europe Summit in March 2018
11:00 RF Navy's Pacific Fleet warship detachment leaves Thailand
10:37 RadiantFleet announces agreement with Clearwater Ship Management
10:14 Brent Crude futures price up 0.13% to $62.30, Light Sweet Crude – up 0.12% to $56.49
09:53 Gazprom and Mitsubishi discuss cooperation prospects in LNG sector
09:30 NIBULON shipyard put into operation its new assembly and fabrication workshop
09:12 Baltic Dry Index up to 1,385 points

2017 November 20

18:06 Shipping must be economically sustainable if it is to deliver on environmental sustainability, ICS tells OECD
17:51 Port of Goole supports region’s green future
17:29 Government of Germany сontinues support to WMU
17:06 Sokhna World Zone project presented to investors in Dubai
16:44 Sovcomflot posts operating profit over 9M’17 rising by 50.5% to USD 131.2 million
16:18 New sugar terminal to be constructed at the Port of Gdansk
16:00 Wärtsilä to deliver high efficiency and low emissions for new Viking Line ferry
15:55 Azerbaijan Caspian Shipping Company expands its activities in foreign waters
15:30 IMO takes part in Green Ship Technology North America Conference
15:04 Cammell Laird issues EU worker statement
14:46 Port of Klaipeda (Lithuania) handled 35.12 mln t of cargo in 10M’17, up 5.5% Y-o-Y
14:29 National Fish Resources to invest RUB 3-4 bln in creation of a fishery cluster in the Kaliningrad Region
14:08 RS class: gas carriers “BORIS VILKITSKY” and “FEDOR LITKE” delivered to the customer
13:37 Average wholesale prices for М-100 HFO up to RUB 12,821 in RF spot market
13:14 Damen launches cutting-edge Fishery Research Vessel for Angolan Fisheries Ministry
13:01 Optimarin shakes up BWT sector with unique promise for shipowners
12:43 IMO’s Jan De Boer participated at the LNG Ship/Shore Interface Conference in London
12:22 International seminar on mutual cooperation between IMO, WMU and KMOU held in Busan, Republic of Korea
12:01 Maersk Line and Damco deliver a block train solution for Decathlon
11:36 JMSDF’s destroyer Hamagiri arrives in Vladivostok
11:12 Onezhsky Shipyard launches floating bridges built for a residential area in Petrozavodsk (photo)
10:50 Container throughput of port Hong Kong (China) up 7.7% to 17.26 mln TEUs in 10M’17
10:24 Brent Crude futures price down 2.09% to $45.08, Light Sweet Crude – down 0.16% to $56.62
10:05 Nonius Engineering supports “Hydraulic Engineering Structures of Water Transport” Congress as its Sponsor
09:43 Commercial Sea Port of Ust-Luga performs unique unloading operation (photo)
09:20 Baltic Dry Index up to 1,371 points
09:08 EU NAVFOR’s Italian ship Virginio Fasan chases and captures suspected pirates
08:18 First shipload of liquefied natural gas to Northern Finland delivered to Manga LNG terminal

2017 November 19

17:31 Wison signs MOU with Shanghai Electric for medium large floating LNG power solution
17:22 Tomini Shipping places order for three Kamsarmaxes