State-run Polish gas company PGNiG will receive its first spot delivery of liquefied natural gas (LNG) from Norway’s Statoil on June 25, it said on Tuesday, taking advantage of cheap and abundant global supply. Reuters reports that on 25 June Swinoujscie will also take delivery of a 140…
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) and Sovcomflot have agreed to delay a liquefied natural gas carrier being built for the Yamal LNG project in Russia. According DSME statement the vessel, which was originally scheduled for June this year re-set the delivery date…
Less domestic petrochemical consumption of LPG would be positive for VLGC shipping as it would result in a greater surplus of LPG available for export. However, it is still unclear whether this dedicated-feedstock ethylene (five new ethylene plants…
Regasifying and storing LNG offshore has allowed customers to import gas without committing to land-based infrastructure. The option also speeds up access to vast amounts of energy.“Wärtsilä focuses on completing the LNG value chain,” says Timo Koponen…
Launched yesterday evening at the International Maritime Organization, the latest five-year BIMCO/ICS Manpower Report forecasts a serious future shortage in the supply of seafarers. The report identifies: • A current shortfall of about 16…
Trelleborg’s marine systems operation has again supported the U.S. Coast Guard by delivering a third training session in ensuring the safe, secure and clean transportation and use of liquefied gas in U.S. waters. As liquefied gases become a major commodity across the U…
Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year. The pure play LNG transportation provider said that an oversupply of shipping in the carrier market…
The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices…
Jack Fusco was named chief executive and chairman of Cheniere Energy Monday, ending a leadership search that began after activist investor Carl Icahn ousted the company’s founder. Fusco's installation as Cheniere’s new chief comes after…
Japan, the world’s largest buyer of liquefied natural gas is aiming to establish an international liquefied natural gas (LNG) trading hub by the early 2020s, according to a statement by Japanese Ministry of Economy, Trade and Industry (METI)…
The pressure on the industry is tremendous. On the one hand, the tough situation in the market forces shipping companies to keep the prices for their services at competitive levels, which mainly means they have to increase efficiency and reduce fuel consumption…
Carnival Corporation & plc officially welcomed its fleet’s newest ship with the christening of AIDAprima, now the flagship vessel for Carnival’s German-based brand AIDA Cruises. AIDAprima made its debut with a light show and naming ceremony witnessed in person by 1…
Golar LNG Ltd said Oscar Spieler would replace Gary Smith as chief executive, as the natural gas shipping company realigns operations, including building up its presence in the Brazilian power generation market. The company said on Tuesday…
Wärtsilä is to team up with an international group of shipping industry companies and organisations in a project to develop a concept for equipping future dry bulk carrier vessels with LNG propulsion.Project Forward is led by Athens-based Arista Shipping…
Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity…