• 2019 February 13 17:46

    OLT Offshore LNG Toscana Regasification Terminal works at almost full capacity

    OLT Offshore LNG Toscana Regasification Terminal says is working at almost 100% of its capacity. After less than one year from the implementation of the new allocation mechanism via auction, OLT reached several important results which confirm its contribution to the Italian security and diversification of sources of supply, in line with the Proposal of Energy and Climate Plan. In particular, thanks to the new allocation mechanism, from October 2018, 38 out of 41 slots available in the Gas Years 2018/2019 have been allocated, coming from 6 different c ountries, for a total of about 5,848,343 liquid m3 of capacity allocated, equivalent to about 92% of the annual regasification capacity of the Terminal.

    First through the introduction of the Regasification and Storage Bundled service, which allowed the allocation of the regasification capacity via auction, and then through the definitive replacement of the previous allocation mechanism with the new auction system, our Country was able to receive LNG from all over the world. Indeed, this new capacity allocation procedure is able to intercept the market requests, especially in the short period.

    The new path undertaken by the company demonstrates how OLT’s business flexibility, combined with operative adaptability of the Terminal, make “FSRU Toscana” an anchor for the Italian security of supply. The plant can receive different types of gas, guaranteeing a geographic coverage from Europe to America, up to Africa to the Middle East, being able to accept about 90% of LNG carriers available on the market (“New Panamax” class, with a cargo capacity up to about 180,000 liquid m3 ). Furthermore, it has to be highlighted that from the beginning of the commercial operations, the Terminal has received GNL from 10 different countries (Algeria, Cameroon, Egypt, Equatorial Guinea, Nigeria, Norway, Peru, Qatar, Trinidad & Tobago, United States), and cargoes coming from other European terminals (Dutch and Spaniards). Finally, during the period October 2018 - January 2019, the Terminal has always been able to allow the discharge operation even in case of bad weather conditions.

    “We are really satisfied with these results – the company commented – this is not meant to be an end point but a standard which OLT intends to maintain, within the limits of its power. From the engineering and technologic point of view, we are also ready to implement the Small Scale LNG service, which will enable us to provide a relevant contribution to make heavy marine and terrestrial transport realistically sustainable”.




2019 April 25

10:24 Brent Crude futures price edges up to $ 74,6, WTI - down to $ 65,79
10:08 Seagull Maritime acquires software company Tero Marine
10:08 Zelenodolsk Shipyard hosts keel-laying ceremony for 10th Grachonok-class special purpose boat
09:49 NCSP and VTB close the Novorossiysk Grain Terminal shares sale deal
09:07 UK’s leading port operator, ABP, appoints new Chief Commercial Officer
09:05 Baltic Dry Index continues to gain, settles at 850 points
08:07 Delta Mariner first to use deepened Nieuwe Waterweg at the Port of Rotterdam
07:23 LNG vessel completes 6,000th Neopanamax transit at the Panama Canal
07:12 MOL announces delivery of VLCC "PHOENIX JAMNAGAR"

2019 April 24

18:15 Cryogas-Vysotsk kicks off full-scale LNG production
18:11 Jiangsu Zhenjiang Shipyard holds steel-cutting for four ASD tugs ordered for Liaoning Longyun Shunze Tug Ltd.
18:07 COSCO SHIPPING Heavy Industry in Yangzhou holds naming ceremony for 400K DWT VLOC
17:30 Final caisson installed for Tuas Terminal Phase 1
17:07 Klaveness Combination Carriers ASA concludes the first contract of affreightment for its CLEANBU fleet
17:05 Oceaneering takes delivery of the advanced subsea construction support vessel
16:37 COSCO SHIPPING signs a strategic cooperation agreement with Yangzhou
16:34 MOL co-own world 6 largest Liquified Ethan Carrier with Reliance
16:26 Port of Vysotsk three-month cargo throughput rose 12% to 5 million tonnes
16:05 Tanjung Bruas Port expands its services to container ships
15:46 HMM to expand cooperation with FESCO
14:41 Primorsk oil port’s throughput rose 5% in Jan-Mar to 14 million tonnes
14:29 Rosmorport picks Oil Terminal Lavna to provide berths for its ships docking in Murmansk
13:42 Ust-Luga Port’s three-month volume up 8% to more than 26 million tonnes
13:35 Port of St.-Petersburg Q1 cargo volumes rise 3% to 14.26 million tonnes
13:22 FPU Akademik Lomonosov completed trials of nuclear power plant
13:03 Russian Gov’t released orders on the purchase of domestically-produced equipment for transport infrastructure expansion programme
12:47 VDB to develop design of an 18MW icebreaker for Rosmorport
11:18 Daltransugol terminal reaches 150-millionth-tonne milestone since the facility commissioning
10:11 Crude oil futures edge down to $ 74,16 (Brent) and to $ 65,95 (WTI)
10:07 Global Ship Lease announces new long-term charter agreement with Maersk Line
10:03 Baltic Dry Index gains 31 pts to 821 points
09:07 Long Beach Harbor Commission approves new Strategic Plan
09:03 Bunker Market this morning 24th April
08:07 GTT receives a new order from Hyundai Samho Heavy Industries to design the tanks of an LNG Carrier for NYK
07:37 CMA CGM to apply GRI for frozen seafood and snow crab exports from Canada East Coast to worldwide destinations (excluding Africa, EEA, Russia and USA)

2019 April 23

18:24 Russia’s inland waterways Moscow basin ready to open for navigation as of April 24
18:16 NOVATEK’s AGM approves 2018 dividends
17:36 ABS, Google Cloud and SoftServe Partner to demonstrate feasibility of AI-enabled corrosion detection on ships and offshore structures
17:10 NOVATEK elects new board of directors
17:06 Fincantieri acquires control of Insis
16:47 President Vladimir Putin takes part in keel-laying ceremony for frigate duo at Severnaya Verft in St. Petersburg
16:40 SITC holds naming & delivery ceremony for M/V “SITC SHIDAO”
15:08 Kozmino Oil Port conducts the OSR drills
14:12 Zelenodolsk Shipyard to authenticate keel of 10th Grachonok-class counter-sabotage boat
13:31 Far Eastern ports see bunker price mixed movements
13:04 NSCP BoD vote to pull out of Novorossiysk Grain Terminal
13:02 RoRo MV joins Wallenius Wilhelmsen’s fleet
12:26 MABUX: Bunker Market this morning 23rd April
12:18 Nizhny Novgorod water development project task team eases most of environmental concerns
12:15 Wallenius and Swedish Orient Line form new Swedish shipping company – WALLENIUS SOL
11:24 Crude oil futures gain to $ 74,31 (Brent) and to $ 65,87 (WTI)
10:53 Albwardy Damen receives MASTECH award for the new Damen Multibuster 8020
10:51 RZD president slams proposal to ban the rail transport discounts during inland navigation period
10:08 RSPP to submit to Russian Gov’t water transport development proposals after May 22
09:27 Qatar Petroleum initiates LNG ship construction program for 100+ new LNG carriers
09:16 Port of St. Petersburg joins the city-wide subbontik
08:23 North Carolina Ports welcomes first 12,000 TEU vessel

2019 April 22

18:29 President Vladimir Putin to kick off loading of an LNG cargo to Coral Anthelia in Vysotsk, April 24
18:04 Bahri explores maritime opportunities in Africa at Logismed
16:57 Federation Council approves the crab fishing quotas bill