Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming.Rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification capacity and development…
‘Clean Sky’ design Kamsarmax project moves industry far beyond the concept stage for gas powered bulk carriers.Lloyd’s Register has provided approval in principle (AIP) for the new ‘Clean Sky’ bulk carrier design incorporating an LNG-as-fuel system…
Shell Gas & Power Developments B.V. (Shell) & the Technip Samsung Consortium (TSC) agree on FNLG development & operation.The companies have signed a heads of agreement to enhance collaboration on the design, engineering, procurement, construction…
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) entered into an agreement with Daewoo Shipbuilding & Marine Engineering CO., LTD., (DSME) of South Korea for the construction of two 173,400 cu. m. Liquefied Natural Gas (LNG) carrier newbuildings…
Vast majority believe there is a business case to be made for LNG as a marine fuel reveals 'LNG Bunkering Trends 2013 and Beyond'.With the ECA regulations on fossil fuel emissions coming into effect in 2015, the world of shipping has turned to liquefied natural gas (LNG) as a greener…
The motorized barge 'Argonon' owned by Deen Shipping, was fuelled-up from a truck in the Port of Antwerp, Belgium.This operation represents a further significant step towards more environment-friendly shipping in the port of Antwerp. Antwerp…
Mitsubishi Heavy Industries commences 'Sayaendo', a distinctive-looking LNG carrier at Nagasaki Shipyard & Machinery Works.The Sayaendo Series has a hull shape that evolved from LNG carriers with Moss-type hemispherical tanks, (and it offers…
Wärtsilä contracted for a complete (LNG) package, including propulsion, auxiliaries & controls, for a new OSV designed by STX Marine.The ship has been ordered by Harvey Gulf International Marine as a part of the company’s ‘Going Green’ initiative…
The liquefied natural gas market may have a ship surplus in 2014 and 2015 as new vessels launch faster than production plants complete.There are 78 ships on order, amounting to 21 percent of the existing fleet, the Hamilton, Bermuda-based Hoegh LNG AS…
Gazprom successfully completes world’s first LNG supply via Northern Sea Route in the 'Ob River' carrier.The carrier left the Port of Hammerfest (Norway) to arrive at the regasification terminal in the Port of Tobata (Japan) delivering a Gazprom Group-owned LNG cargo to Japanese consumers…
MAN Diesel & Turbo confirms its first order, from USA's TOTE Inc., for its low-speed, dual-fuel ME-GI engine.American shipping company, TOTE, has signed a contract with its compatriot shipyard NASSCO in San Diego for the construction of…
Saudi Basic Industries Corporation (SABIC) says it is the world's first chemical company to commission LNG-run gas carriers.SABIC's new tankships will be powered by liquefied natural gas (LNG) to transport its olefins products, in anticipation…
CNOOC has it in mind to order 14 medium & small-sized LNG ships from Chinese shipyards.The Group is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world…
During President Obama's recent visit Thai Prime Minister, Yingluck Shinawatra sought agreement with US for LNG supply over next 20-years.By 2020, the US should be able to produce gas and crude of about 11.1 million barrels a day, while Saudi Arabia's capacity is projected at 10…
Inchcape Shipping Services (ISS) appointed by Petroleum Geo-Services (PGS) to support a key marine seismic survey project in Greece.Under the three month research project, ISS Greece will provide marine services to the survey vessel ‘Nordic…