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A ruling by the D.C. Circuit Court has revoked NextDecade’s permit issued by the Federal Energy Regulatory Commission (FERC) for its Rio Grande LNG export terminal in Texas. In a case put in front of the court, the Sierra Club, the City of Port Isabel, the Carrizo/Comecrudo Tribe of Texas, and Vecinos para el Bienestar …
https://splash247.com/court-pulls-permit-for-nextdecades-us-lng-export-terminal/
https://splash247.com/court-pulls-permit-for-nextdecades-us-lng-export-terminal/Idan Ofer’s Eastern Pacific Shipping (EPS) has placed a landmark order for ultra large ethane carriers (ULECs) in China. According to multiple shipbuilding sources, the Singapore-based diversified owner has booked six 150,000 cu m vessels at Jiangnan Shipyard, marking a world’s first for this ship type, with more orders for similar units on the horizon. …
https://splash247.com/eastern-pacific-orders-supersized-ethane-carriers/
https://splash247.com/eastern-pacific-orders-supersized-ethane-carriers/Gus Majed, the CEO of the Paratus Group, addresses the risk management gap in the global bunker fuel and freight markets. The global bunker fuel market, consuming approximately 3.5m barrels per day, alongside the global freight market, with a staggering 900m dwt in dry and wet tonnage, plays a critical role in the world economy. …
https://splash247.com/how-to-manage-fuel-and-freight-price-risks/
https://splash247.com/how-to-manage-fuel-and-freight-price-risks/The Panama Canal Authority (ACP) has upped the maximum authorised draft allowed for vessels transiting the larger neopanamax locks by 30 cm to 14.94 m as it gets back to normal operations following more than a year of drought-linked difficulties. The canal increased daily transits to 35 slots on Monday with plans to get to …
https://splash247.com/panama-canal-inches-back-to-normality/
https://splash247.com/panama-canal-inches-back-to-normality/Malta has emerged as the top European destination for ship-to-ship (STS) transfers of Russian oil in the wake of the Greek navy’s decision to deter such activities in the Laconian Gulf. Since May 1, citing military exercises, the Greek navy has put out of bounds an area in international waters southeast of the Peloponnese islands, …
The world’s top two containerlines are charting opposing courses as they ready to go their separate ways from next year. Mediterranean Shipping Co (MSC) now has a fleet in excess of 6m teu, commanding a 20% share of the global operated container fleet while Maersk, which was the largest liner in the world through to …
https://splash247.com/maersk-fleet-plans-show-huge-divergence-with-rival-msc/
https://splash247.com/maersk-fleet-plans-show-huge-divergence-with-rival-msc/The Philippines, Canada, United States and Australia kicked off their first joint military exercise on Wednesday in the South China Sea to enhance inter-operability among their forces, the four countries' military said.The two-day exercise, which will involve naval and air force units, is the first
https://www.marinelink.com/news/philippines-us-australia-canada-hold-515726
https://www.marinelink.com/news/philippines-us-australia-canada-hold-515726Italy on Tuesday appointed a special commissioner to tackle the spread of the blue crab, an aggressive species that is preying on local clams and threatening a lucrative part of national food production.Originally from the western Atlantic,…
https://www.marinelink.com/news/italy-appoints-commissioner-tackle-spread-515727
https://www.marinelink.com/news/italy-appoints-commissioner-tackle-spread-515727Qatar Gas Transportation Company (Nakilat) and its group subsidiaries announced their financial results for the first half of the year ended 30 June 2024, with a net profit of QAR 829 million ($227 million) for the first half of the year ended 30 June 2024…
https://www.marinelink.com/news/nakilats-h-profit-515728
https://www.marinelink.com/news/nakilats-h-profit-515728The Pilbara region of Australia has achieved a record 758.3 million tonnes of exports passing through its ports in the 2023-24 financial year.This marks the fifth consecutive year of record-breaking throughput for Pilbara Ports.The Port of Port…
https://www.marinelink.com/news/record-exports-australias-pilbara-ports-515729
https://www.marinelink.com/news/record-exports-australias-pilbara-ports-515729