Maritime Vessels Directory

The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela's El Palito refinery, Iran's English-language Press TV reported on Monday.Iran is providing Venezuela with 1.53 million barrels of gasoline and components in a move criticised by U.S. authorities as both nations are under U.S. sanctions, according to the governments, sources and calculations by TankerTrackers.com."The Iranian oil/chem Handymax tanker, FORTUNE, which loaded 43 million liters of gasoline during mid-March at Port Shahid Rajaee, Iran, has now moored at berth 2 at the refinery of El Palito, Venezuela, situated west of capital city, Caracas," tweeted TankerTrackers.com.

Mammoet Lands its ‘Biggest Ever’ Contract at Arctic LNG 2 Project

2 hours ago

Dutch heavy lift and transportation company Mammoet has said it has won its largest-ever contract at the Arctic LNG 2 project in Russia.Mammoet said Monday the contract was awarded by Technip-led joint venture NovArctic in cooperation with Saipem and NIPIgas. Under the contract, Mammoet will be responsible for unloading, transportation, and installation for the Novatek-operated Arctic LNG 2 project.The $21.3 billion Arctic LNG 2 project, sanctioned in 2019, will develop the Utrenneye field on the Gydan Peninsula. The project includes the construction of three LNG trains, with a capacity of 6.6 mtpa of LNG each, and at least 1.6 mtpa of stable gas condensate.

Iran Fuel Shipment Nears Venezuelan Shores, Maduro Thanks Tehran

4 hours ago

The lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to gasoline-thirsty Venezuela neared one of state-run PDVSA's ports as President Nicolas Maduro thanked Tehran on Sunday.Iran is providing Venezuela with 1.53 million barrels of gasoline and components in a move criticized by U.S. authorities as both nations are under Washington's sanctions, according to the governments, sources, and calculations by TankerTrackers.com.Tanker Fortune was due to arrive at PDVSA's El Palito port, close to the capital Caracas, according to a company source and Refinitiv Eikon data showing its trajectory. A second vessel, the Forest, entered the Caribbean Sea on Saturday.

Japan's NYK Line Sees COVID-19 Cutting Profit by $557M

3 hours ago

Japanese shipping company Nippon Yusen KK expects the coronavirus pandemic to reduce its recurring profit by 50-60 billion yen ($464 million-$557 million) for the year to next March, an executive said on Monday."Our assumption is that the worst impact from the pandemic will be seen in the April-June quarter, with economic activity slowly picking up after that," Toru Maruyama, a corporate officer at Nippon Yusen, told a news conference.Global container demand, which is currently down more than 20%, will likely drop more than 10% for the year to next March from a year earlier amid the COVID-19 crisis, he said.

Prysmian Targets Half of Sales from Low-Carbon Products by 2022

4 hours ago

Prysmian, the world's largest cable maker, pledged on Friday to raise the share of revenues from low carbon products to 50% by 2022 as part of plans to cut its carbon footprint.The Italian company, which supplies cables for industries ranging from high voltage power transmission to offshore wind-farms, telecoms and cars, said in a statement it aimed to cut carbon emissions by 2-3% by 2022.It said it also aims to reduce energy consumption by 3% in the time period."The energy transition is our core business and main driver of growth," Chief Executive Valerio Battista said in the statement.

Maritime Reporter and Engineering News (May 2020)

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