Total commits further to LNG as a maritime fuel by Daniel J. Graeber Washington (UPI) Feb 6, 2018 French supermajor Total said Tuesday it made a deeper commitment to liquefied natural gas by chartering a refueling vessel for Europe-to-Asia trade routes. The marine fuels division of Total signed with Japan's Mitsui O.S.K. Lines, or MOL, a long-term charter commitment for a bunkering vessel scheduled for 2020 delivery. The vessel, the first designed for large-scale bunkering operations, will be built at a Chinese shipyard and service cargo vessels in northern European waters, including those traveling the Europe-to-Asia trade routes. Bunkering is the ship-to-ship transfer of fuel. The as-yet unnamed vessel will be used specifically for French container shipping company CMA CGM, following a 10-year agreement signed with Total in December. Total in July said it was making strides on LNG as a fuel through its marine fuels subsidiary. Its first agreement for LNG bunkering was signed with Brittany Ferries, a French passenger and freight shipper that starts to get the supplies in 2019. "Combined with our strong historical activity in the bunker industry and our global footprint in LNG, this pioneer agreement offers a major contribution to the development of LNG as a marine fuel and illustrates Total's strong commitment towards the use of this new fuel," Olivier Jouny, the managing director of Total's fuels division, said in a statement. The French supermajor said LNG as a fuel source is transformative given the maritime shipping industry's quest to cap emissions of nitrogen oxide, carbon dioxide and other harmful greenhouse gas emissions. Beyond the chartering agreements, Total and the Japanese transport company signed a memorandum of understanding to work together on maritime LNG infrastructure and servicing MOL's future needs for the super-cooled liquid gas. The new vessel for CGM's lines will be managed by the British subsidiary of MOL.
Fear and diplomacy fuel Qatar's military spending Doha (AFP) Feb 2, 2018 Since the Qatar diplomatic crisis started, one response by the emirate has become increasingly clear - Doha is using its extraordinary wealth to fund a massive push in defence spending. A flurry of military contracts have followed since Saudi Arabia and its allies dramatically cut all ties with Qatar last June, accusing the 2022 World Cup host of sponsoring terrorism and cosying up to Riyadh's bitter regional rival, Iran. Isolated by and increasingly vulnerable to its more powerful neighbours, ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |