LNG

DP World, a leading ferry and freight provider, has launched the first large-scale direct freight service between the United Arab Emirates and Iraq to make the flow of goods between the two countries faster, safer and more efficient and cutting delivery times to 36 hours by ferry from 14 days by land.

July 13 (LNGJ) - Golar LNG Partners, the Nasdaq-listed US unit of the Norwegian fleet owner, said it had agreed certain amendments with the Dubai Supply Authority for the charter of the “Golar Freeze” floating storage and regasification unit deployed at Jebel Ali Port in the United Arab Emirates until May 2020. Dubai has two FSRUs on contract and does not currently fully use the “Golar Freeze”. Consequently, the charter has been shortened by a year until April 2019. “The operating cost element of the charter will be reduced to a nominal amount from November 2017 and Golar will similarly save operating costs from putting the vessel into lay-up pending new employment,” said Golar.