Tsakos Energy Navigation Limited (TEN) has ordered a state-of –the –art LNG carrier for delivery Q1 2015 from a major South Korean yard. The vessel is of the new tri-fuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternatives to charterers.
BHP Billiton has announced the closure of the Norwich Park metallurgical coal mine, part of its BMA joint venture with Mitsubishi Corp., after a seven week review of the mine’s viability.
South Sudanese troops appear to have captured the town of Heglig and the surrounding oilfield from its northern neighbour. Sudan has vowed to use “all legitimate means” to return the town to its possession.