Gallery Teekays 1st LNG Icebreaker Transits NSR

first_img<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span><span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>Teekay has taken delivery of Eduard Toll, the first of the company’s six LNG carrier newbuilds contracted to serve the Yamal LNG project.Recently, the 172,652 cbm vessel underwent the latest seasonal independent passage by a merchant ship on the Northern Sea Route.Built at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard, the vessel was technically accepted in Korea at the beginning of December 2017 after completing sea trials. Following this, Eduard Toll started its journey to Northern Russia.Over the past month, the LNG carrier has transited the Northern Sea Route, breaking ice 1.8 meters thick at speeds of five knots astern, and arrived at the Sabetta terminal ahead of schedule.As explained by Teekay, the transit marked a major milestone for shipping in the Arctic as this was the first time a shipping vessel made an independent passage, without the support of an icebreaker, during this time of year.“With the inaugural passage now successfully behind us, we look forward to loading for someplace sunnier as soon as Yamal LNG’s busy quay becomes available, and to doing it all over again for decades to come on the Eduard Toll and our five other five newbuilds comprising the Arc7 fleet that we own with our joint venture partner, China LNG,” Mark Kremin, President and Chief Executive Officer, Teekay Gas Group, commented.The 298-meter-long Eduard Toll is also the fourth of fifteen Arc7 LNG carriers being built for the Yamal LNG project.The project, expected to produce 16.5 million metric tons of LNG annually, is sponsored by Novatek OAO, Total SA, China National Petroleum Corporation and Silk Road Fund.Under the abovementioned project, a series of fifteen vessels are being built, each capable of transporting 172,000 cubic meters and operating year-round in second-year ice up to 2.5 meters thick.Image Courtesy: Teekaylast_img read more

Richard Branson Holding Digital Currency Summit on Private Caribbean Island

first_img Most people wouldn’t turn down a few days in the Caribbean, but the sunny locale isn’t necessarily the first place that comes to mind when you think of cryptocurrency.But this May, Virgin Group founder Richard Branson is set to hold the Blockchain Summit on Necker Island, his 74-acre private island in the British Virgin Islands, to discuss the future of Bitcoin, Blockchain and digital currency. (Blockchain is the software infrastructure that supports Bitcoin transactions — not to be confused with Blockchain.info, which is a digital wallet service.)Related: Is Bitcoin Speculative Foolery or a Financial Services Breakthrough?Branson is sharing hosting duties with Valery Vavilov, the CEO of Bitfury, a company that develops servers for “Blockchain transaction processing,” Pro kiteboarder Suzi Mai and VC Bill Tai, the co-founders of MaiTai Global and George Kikvadze, the managing director of the Georgian Co-Investment Fund.The Summit participants — who are likely to be on the receiving end of Branson’s penchant for practical jokes — hail from the worlds of venture capital, finance and technology, including Lars Rasmussen, Facebook’s former engineering director and inventor of Google Maps, futurist Marshall Thurber, James Newsome, a former chairman of the U.S. Commodity Futures Trading Commission, Matthew Roszak, the founder of Tally Capital and Young Sohn, the president and CSO of Samsung Electronics.Related: Winklevoss Twins: Bitcoin Is Like a ‘Child Taking Its First Steps’ But Will One Day Win the Finance MarathonThe discussions will be moderated by The Wall Street Journal senior columnist Michael J. Casey, The Economist’s Globalization Editor Matthew Bishop and Hernando de Soto, president of the Institute for Liberty and Democracy.Branson has been a supporter of exploring Bitcoin for some time. Last fall, ahead of the first the Global Digital Currency Conversation Forum in Australia, Branson explained his rationale for investing in the cryptocurrency, writing “There’s a real desire for greater levels of control, freedom and scrutiny over what happens with our money, Bitcoin addresses these concerns and that is why so many people believe it represents the future.” Related: ‘Days Felt Like Years’: What Morgan Spurlock Found When He Tried to Survive on Bitcoin for a Week Enroll Now for Free 2 min read Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Nowcenter_img This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. April 28, 2015last_img read more