The opening of the 2020 navigation season on the Saint Lawrence Seaway, which connects the Great Lakes to the Atlantic, at the beginning of April, could not have come at a worse time, with all manner of uncertainties roiling trade flows.
Floating storage and regasification unit (FSRU) BW Magna has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu (GNA) ’s LNG-to-power project.
As the oil price and lower energy demand paint a bleak picture for offshore operators and rig owners, cost control will be a top priority.
Japanese engine and powerplant specialist Diesel United has entered into a service agreement with UAE-based marine and industrial engineering firm NICO International.
Shanghai Zhenhua Heavy Industry (ZPMC) has inked a port crane purchase contract with Hainan Harbor & Shipping for Yangpu Xiaochantan terminal.
Energy markets have surprised, with a resilient pricing of WTI and Brent oil rising to levels not seen since early March- at levels touching $40 per barrel and just shy of $43 per barrel respectively.
Singapore rigbuilder Keppel FELS has rejected allegations by Awilco Drilling that it breached terms under the construction contract for the semi-submersible newbuild Nordic Winter which the drilling company has terminated.
Singapore shipyard group Sembcorp Marine (Sembmarine) is to be demerged from its parent Sembcorp Industries and undertake a SGD2.1bn ($1.51bn) rights issue.