Monday, May 20, 2019

Carnival News

LNG REPORT: 143 LNG-Powered Vessels in Operation, 270 to Come

Image: SEA\LNG

Currently, the liquefied natural gas (LNG)-powered fleet has grown globally from 118 LNG-powered vessels in operation in 2017, to 143 LNG-powered vessels in operation – with a further 135 on order and 135 LNG-ready ships either in operation or on order.According to the LNG bunkering coalition SEA\LNG…

IAPH Audit Tool for Safe, Sustainable LNG Bunkering

Pic: Amsterdam Port

International players in the shipping sector - International Association of Ports and Harbors (IAPH), Titan LNG, Bureau Veritas, large oil and gas companies such as Shell and ship owners such as NYK and Carnival Corporation - developed a tool for making LNG bunkering safe and sustainable."The…

Galp Offers LNG Refueling

Portugal's Galp Energy is expanding its marine fuel offering by supplying low-emission liquefied natural gas for ships and performed the first refuelling of a cruise ship on the island of Madeira earlier this week, it said on Thursday. A company spokesman said the refuelling involving a ship running on LNG was the first carried out at a Portuguese port…

SEA\LNG welcomes Two new Partners

Chairman Peter Keller, currently an Executive VP, joined TOTE Inc., Photo SEALNG

SEA\LNG - which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel - has welcomed two new partners, each representing key aspects of the LNG maritime value chain. The recent decision by the International Maritime Organization Marine Environment Protection…

LNG Sector Ready to meet Industry Demand

Peter Keller Photo SEALNG

Ahead of the 70th Session of the IMO’s Marine Environment Protection Committee (MEPC), the cross-industry coalition 'SEA\LNG' has highlighted the ability of the liquefied natural gas (LNG) sector to meet the future emissions requirements of the global shipping industry. The recently formed…

Wärtsilä in Coalition to Promote LNG as a Marine Fuel

LNG Value Chain. Graphics: Wärtsilä

Wärtsilä and other leading marine industry players have formed a coalition, known as SEA/LNG, to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. The coalition aims to help break down the barriers hindering the global development of LNG in marine applications…

LNG Producers Seek New Markets to Soak up Surplus

The world's top producers of liquefied natural gas (LNG) are investing in ship-fuelling operations, floating import terminals and power plants to open new markets and keep from drowning in a fuel surplus expected to last into the next decade. Companies such as Royal Dutch Shell, Total and…

Some U.S. Fund Managers Still Bet on Oil

Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh. The FPA Capital Fund, the Towle Deep Value Fund and the Mount Lucas US Focus…

Burned by Oil, Some US Fund Managers Still Bet on Rebound

Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh. The FPA Capital Fund, the Towle Deep Value Fund and the Mount Lucas US Focus…

AEG to Power Seabourn’s Cruise Vessel

Exterior rendering of Seabourn Encore Photo Fincantieri

AEG Power Solutions, a global provider of power electronic systems and solutions for industrial power supplies and renewable energy applications, informed that Fincantieri S.p.A. has selected its power systems solutions to secure all critical loads applications on board Seabourn Encore, an ultra-luxury cruise ship that Fincantieri will build for Seabourn…

Growth Concerns Push Britain's FTSE to One-Year Low

Britain's top share index slipped for a fourth straight session to a one-year low on Friday, with concerns over the outlook for global growth prompting investors to trim exposure to cyclical stocks. Mining and energy sectors took the most points off the FTSE 100 index following a sharp decline in commodity prices…

New Fuel Rules Could Prompt Gasoil Price Spike

New fuel rules for ships entering low sulphur zones around northwest Europe and North America next year could trigger a price spike in European gasoil, whilst refiners will struggle to offload unwanted fuel oil. From January 2015, ships entering "Emission Control Areas" (ECAs) in the Baltic…