• 2018 October 16 16:03

    Höegh LNG announces amendment of the Höegh Gallant time charter

    Höegh LNG Holdings Ltd. have agreed to amend the Höegh Gallant time charter. Under the amended contract, the Höegh Gallant will be chartered as an LNG carrier to a third party, and Egas will compensate for the rate difference between the original FSRU contract and the new LNG carrier time charter. The amended contract is expected to become effective in October 2018 and will run to April 2020, the termination date of the original five-year FSRU contract.

    As part of the original FSRU contract with Egas, Höegh LNG has certain equipment installed on the jetty in Ain Sokhna, Egypt. The book value of this equipment was approximately USD 9 million as of 30 June 2018, and since the market value and alternative use of such equipment is unclear, Höegh LNG expects to record an impairment for a corresponding amount for the third quarter of 2018.

    About Höegh LNG:

    Höegh LNG operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 125 office staff and 525 seafarers.




2019 October 14

18:06 Neptune Energy acquires North Sea assets from Energean
17:57 Rosatom set to have its plan for development of NSR infrastructure till 2035 to be approved by RF Gov't before year end
17:35 2020 Bulkers enters into a time charter agreement for Bulk Shanghai
17:21 Bronka port to handle cargo of up to 500 tonnes
17:05 CMA CGM announces FAK rates from Asia to the Mediterranean
16:50 Names given to first two super trawlers of Russian Fishery Company
16:35 Sasol invests in first South African-owned chemical tanker through Nduna Maritime
16:05 Norsepower signs service agreement with Wärtsilä to strengthen global wind propulsion service network
15:53 Teekay Corporation announces 3.5-year contract for the Hummingbird Spirit FPSO
15:42 Mexico sets high priority on IMO legal conventions
15:13 Rotterdam container placed on ‘Noah’s Train’
14:15 Philippine Ports Authority hires additional port police personnel
13:56 Some services in Russian ports to be excluded from the list of regulated services
13:11 Journey to 2050, Decarbonization, Digitalization and the Future of Safety Debated at ABS Taiwan Committee
12:38 Average wholesale prices for М-100 HFO down to RUB 12,473 in RF spot market
12:15 Cunard and Fincantieri start the construction of new cruise ship
11:22 IMO’s training workshop on handling of dangerous goods held in San José, Costa Rica
11:00 MARSA App to improve marine traffic and vessel service management for vessels calling at Abu Dhabi Ports
10:09 Greek Committee of Planning and Development of Ports approves € 611.8 mln investment plan for port of Piraeus
09:57 North Sea Port on course for new annual record
09:34 Brent Crude futures price is down 0.51% to $60.2, Light Sweet Crude – down 0.59% to $54.38
09:16 Baltic Dry Index is down to 1,924 points
09:00 Rederij de Jong team up with Wouter Kleiss and Mathijs van Schaik to form new company in the Port of Rotterdam
08:58 LR celebrates twenty years of leadership in naval classification
08:23 MABUX: Bunker Market this morning, Oct 14

2019 October 13

16:12 DHS, USCG extend limited contract relief for Offshore Patrol Cutter
15:39 CMA CGM to implement PSS for Douala, Cameroon
14:33 Okeanis Eco Tankers announces acquisition of Suezmax newbuilding duo
13:42 Pentland Ferries' new ship arrives to deliver most environmentally-friendly ferry service in Scontland
11:22 Global Energy to take over long-term operation of Nigg Oil Terminal
10:56 ICE announces new milestones in TTF and JKM trading

2019 October 12

16:35 HII expands Shipbuilder Academy program
14:29 Robert Allan design of two fire-floats delivered to Bangladesh shipyard
12:23 POSH announces acquisition of equity stake in Dolphin's Pacific Workboats
11:41 Sea trials begin for the second CCG's Offshore Fisheries Science Vessel built at Seaspan's Vancouver Shipyards
10:52 DHS extends contract relief for Offshore Patrol Cutter

2019 October 11

18:09 IMO took part in the Global Maritime Security Conference held in Nigeria
17:50 KN engaged in negotiations regarding operation of LNG terminal in Brazil
17:28 Throughput of Russian seaports in 9M'2019 grew by 2.8% to 626.8 million tonnes of cargo (detalization)
17:03 One Sea adds Awake.AI to autonomous ship ecosystem
16:42 BFC sold over 50,000 tonnes of bunker fuel to cruise ships in navigation season of 2019
16:23 Eagle Bulk Shipping takes delivery of M/V Santos Eagle
16:01 Cedrob Porty and Port of Gdansk Authority sign preliminary agreement for construction of high-storage cold store
15:27 ASPA launches non-self-propelled cargo pontoon of Project GRPN
15:00 Diana Shipping announces time charter contract for m/v Polymnia
14:44 Jan De Nul supports 7th International Forum of Dredging Companies as its Sponsor
14:36 New productivity records set at APM Terminals Barcelona
14:34 Wärtsilä Hybrid upgrades will save fuel and reduce greenhouse gas emissions for two offshore supply vessels
14:31 Operator named for the Port of Gothenburg’s new major terminal investment
14:09 Pa-X-ell2 research project enters the next phase with a consortium of eight project partners
13:32 Vopak concludes an agreement with First State Investments for the sale of 100% of the shares in Vopak Terminal Algeciras
13:09 APM Terminals announces new management structure in Scandinavia
12:40 MISC secures 15-year charter deals with ExxonMobil for two new LNG carriers
12:09 Jan De Nul successfully completes Port Hedland dredging
11:09 Port of Los Angeles handles 779,903 TEUs in September 2019
10:47 Sevmorzavod shipyard launched non-self-propelled floating crane 'Sevastopol'
10:28 Cooperation with Belarus offers good prospects to Latvian transit sector
10:09 Ocean Yield announces acquisition of a gas carrier with long-term charter
09:50 Ust-Luga Oil to build up its light oil products transshipment capacity by 2-4 million tonnes by 2022
09:39 Baltic Dry Index is up to 1,929 points