The steel cutting ceremony of the second Costa Cruises ship build at Meyer Turku commenced with new traditions: The brand new plasma cutter line was used for the first time in a production start ceremony.Costa Cruises’ Costa Toscana will be…
Argentine oil company YPF reached a preliminary agreement with Texas-based Excelerate Energy to hire a liquefied natural gas (LNG) tanker for shipping cargoes to global export markets.As per agreement, YPF will export LNG produced from the TANGO FLNG unit…
Japanese shipping giant Mitsui O.S.K. Lines, Ltd (MOL) said that its liquefied natural gas (LNG)carrier LNG Pioneer safely rescued four castaways in the Pacific Ocean about 270km off Davao in the Island of Mindanao, the Philippines.The Bahamas…
French liquefied natural gas (LNG) containment system specialist GTT has posted a strong first-half order intake at the end of June corresponded to revenues of 713 million euros over the 2019-2022 period in its core business, which excludes LNG vessel propulsion systems and related services…
South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam…
The Baltic Sea port, Port of Riga is now offering regular port services for liquefied natural gas (LNG)-powered container vessels to reduce the environmental impact of its operations and boost its container throughput.'By officially welcoming the new container ship Containerships Polar…
AIDA Cruises, the German brand of Carnival Corporation & plc, informed that it is planning to commission two more LNG-powered ships with low-emission propulsion by 2023.AIDA has already been engaging in research into and development of the use of LNG in the cruise industry for over 10 years…
ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U…
Nakilat said for the first half of the year ended June 30, 2019 that it achieved a net profit of $130 million compared to $122 million during the same period in 2018, an increase of 7%.Nakilat’s financial performance is driven by the acquisition…
Estonian shipping company Tallink Tallink Grupp has borrowed EUR 197.6 million to finance the new EUR 247 million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy.The loan agreement was concluded between AS Tallink Grupp subsidiary Tallink Superfast Ltd…
Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving…
Costa Smeralda will enter service in October 2019 and will be the first Costa ship fuelled by LNG, the 'cleanest' fossil fuel in the world.Featuring over 2,600 staterooms, the upcoming Costa flagship will take its guests on a veritable “tour of Italy…
Titan LNG held the christening event for the FlexFueler001 in collaboration with the Port of Amsterdam. This event marks the official commencement of safe, efficient and cost-effective inland waterway LNG bunkering in the ARA region.At the event…
Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company…
Kawasaki Kisen Kaisha, Ltd. ('K” Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding（MOU）in Taipei…