MISC Berhad results were slightly lower than the quarter ending December 2012 but were in line with its expectation.For the quarter ending March 2013, MISC reported a marginal 2.3% increase in its revenue from the December quarter mainly due…
Chantier Davie Canada contracted to build two dual-fuel Ro-Pax ferries for La Société des traversiers du Québec.The two dual-fuel LNG Ro-Pax ferries will operate on the St. Lawrence River on the Tadoussac-Baie-Sainte-Catherine route and are due to enter service in 2015…
The Department of Energy is likely to approve additional permits this year to companies looking to export liquefied natural gas more broadly, reports Market Watch, citing Morgan Stanley.Freeport LNG has recently received DOE approval to export…
Pacific Northwest LNG awards FEED contract, takes next step toward an LNG export terminal island on Lelu Island, near Port Edward.The front-end engineering and design (FEED) contract will see three firms working together to design the terminal…
COSCO Corporation (Singapore) subsidiary COSCO (Dalian) Shipyard secures the RMB 500-million contract.The order from an unnamed Chinese shipowner is to build a 28,000 cu.m capacity LNG carrier.The vessel is scheduled for delivery in the…
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 65th session from May 13-17 2013, at IMO Headquarters in London. The committee made significant progress in its work on further developing energy-efficiency regulations…
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announces financial results for the first quarter ended 31 March 2013.Financial highlights:• Net profit of AED 241 million, up 17% year-on-year• Production of 61…
Crowley Maritime Corporation's petroleum services group is entering the Liquefied Natural Gas (LNG) market by acquiring Carib Energy LLC. Florida-based Carib Energy, founded in 2011, was the first company to receive a small scale, 25-year, LNG export license from the U…
Interlake Steamship moves toward upgrading its fleet to energy efficient, more environmentally friendly LNG fuel.The company has announced that it has reached an agreement in principle with Shell to supply liquefied natural gas (LNG) to support…
Japanese trade minister Toshimitsu Motegi calls for early U.S. approval for exports to his country of liquefied natural gas (LNG).The Japanese minister made his request at a meeting with Acting Energy Secretary Daniel Poneman, stating that…
In his newly published book, industry expert Nigel Draffin answers the key questions about LNG bunker fuel.The publishers, Petrospot, say that Nigel Draffin answers the key questions about LNG bunker fuel in his usual informative and lucid style…
One of MAN Diesel & Turbo’s oldest licensees, Mitsui, hosts a demonstration of the ME-GI marine diesel engine at its Tamono works.A large assembly of guests attended the demonstration and the following reception where, among others, MAN Diesel & Turbo’s Dr…
China Shipping Development and Sinopec Kantons are to spend HK$11.71 billion to buy six LNG carriers, which will be chartered to Sinopec.The two companies have set up a joint venture China Energy Shipping Investment (CESI) which is 51 percent…
StealthGas Inc., has increased the size of its stock offering, & will sell 10-million shares at $10 each using the proceeds towards purchase of 5 ships.The gross proceeds from the offering before the underwriting discount and other offering expenses are $100…
GDF sign significant agreements with Chinese partners for an LNG carrier charter, gas storage and regasification facilities.An agreement with the China National Offshore Oil Corporation (CNOOC) schedules the sub-chartering of the GDF SUEZ…