ABS Classes World’s Largest Ethane Carrier

first_imgzoom Classification society American Bureau of Shipping (ABS) has classed Navigator Aurora, the world’s largest ethane/ethylene capable liquefied gas carrier.Earlier this month, the vessel was delivered to its owner, liquefied gas shipping company Navigator Gas, from the Jiangnan Shipyard in Shangai, China.The Navigator Aurora is the first of four Navigator Gas ethane/ethylene midsize vessels to be delivered with ABS Class during 2016 and early 2017.It has a cargo capacity of 37,000 cubic meters and is fitted with dual fuel engines that enable the ship to operate on either diesel fuel or LNG.“Development of the vessel focused on opportunities arising from shale gas plays in the United States,” the classification society said.In the coming years, we expect to see many more projects being developed to service the expanding gas export market from the United States,” Patrick Janssens, ABS Vice President of Global Gas Solutions, said.The Navigator Aurora has been long-term chartered to export ethane from the United States to Borealis in Sweden.The ship’s commercial operations are scheduled to begin in the fourth quarter of 2016, when it will start sailing between the Marcus Hook refinery in Pennsylvania, US, and Stenungsund in Sweden.last_img read more

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,574.81, up 125.97 points).Suncor Energy Inc. (TSX:SU). Energy. Up 73 cents, or 1.9 per cent, to $39.10 on 13.1 million shares.Encana Corp. (TSX:ECA). Energy. Up 20 cents, or 3.4 per cent, to $6.08 on 8.7 million shares.Canadian Natural Resources (TSX:CNQ). Energy. Up 87 cents, or 2.78 per cent, to $32.19 on 7.8 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down $1.94, or 7.38 per cent, to $24.36 on 7.6 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 1.12 per cent, to $1.80 on 7.4 million shares.Kinross Gold Corp. (TSX:K). Materials. Down 23 cents, or 3.3 per cent, to $6.73 on 6.6 million shares. Companies in the news:WestJet Airlines Ltd. (TSX:WJA). Up one cent to $30.76. WestJet Airlines Ltd. is removing Boeing 737 Max jets from its holiday schedule while Air Canada warns the impact of the grounded jet on its operations may ripple well into 2021. WestJet, which had earlier scrubbed the 13 planes from schedules until Nov. 4, is the latest carrier to make the change after authorities across the globe banned the 737 Max from the skies following two fatal crashes in five months. Air Canada CFO Michael Rousseau said he expects Transport Canada may not greenlight the plane for takeoff until early next year.Canopy Growth Corp. (TSX:WEED). Up $2.40 or 7.4 per cent to $34.94. Canopy Growth Corp.’s interim chief executive says the mood at the cannabis producer has “never been better,” a comment that comes two months after its charismatic co-founder was ousted from the top job and as pressure mounts for the company to reach profitability. Mark Zekulin said the Smiths Falls, Ont.-based company is shifting from “building” mode and hefty investments in infrastructure and expansion to “operating” mode. However, he notes that the move is separate from the transition of leadership underway from the previous CEO Bruce Linton.Air Canada (TSX:AC). Up 52 cents to $44.09. Canada’s transport watchdog has slapped four of the country’s biggest airlines with $45,000 in fines for violating new passenger protection rules. WestJet Airlines Ltd. was fined $17,500, Air Canada was fined $12,500, and Air Transat and Porter Airlines were fined $7,500 for breaching federal regulations. Doled out by the Canadian Transportation Agency last week, the fines are the first under the country’s new passenger bill of rights, which came into effect July 15. The rules state airlines must display a notice at the check-in desk, self-service kiosks and departure gate that passengers who are denied boarding or whose luggage is lost or damaged may be entitled to compensation.The Canadian Press read more