Improved LPG market helps push Epic Gas into the black
Singapore-based LPG specialist says charter rates have improved by 27% year-on-year.
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November 2018
Lloyd’s Register Approves STX’s LNG-fueled MR Tanker Design
Lloyd’s Register has granted an approval in principle to STX Offshore & Shipbuilding for a 50,000 dwt MR tanker design capable of using LNG as a fuel. This development is the result of close collaboration between STX and LR.STX incorporated…
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Wind to be EU’s Largest Power Source in Ten Years
Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according to the International Energy Agency’s (IEA) 2018 World Energy Outlook.According to the IEA’s projections, wind energy will becom…
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OMV, Sapura Energy Sign Pact
Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion.”Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned …
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Cellula Robotics to Build Unmanned Underwater Vehicle
Cellula Robotics has received green signal for the next phase of a contract under which the Canadian company will develop and build a long-range unmanned underwater vehicle (UUV).The phase 3 contract was given by Public Services and Procurement Canada…
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