Forward Maritime Group Inc. has reportedly signed a letter of intent (LOI) with Jiangsu Yangzijiang Shipbuilding Group to build a total of 20 liquefied natural gas (LNG) fuelled bulkers for deliveries between 2020 and 2023.
The vessels will be trading under the Forward Ships brand when delivered.
Forward Maritime is a joint projected started and funded by Arista Shipping in 2013 to encourage the use of LNG as a marine fuel.
Project members include ship classification society ABS, vessel design, offshore engineering and construction firm Deltamarin, LNG engineering firm GTT, engine manufacturer Wartsila, and oil major Royal Dutch Shell.
Photo credit: Forward Maritime
Published: 11 April, 2018
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
NBF mulls use of blockchain-based registry of trade finance transactions as secure central database for the banking industry to streamline documentation processes and resolve transparency issues.