Rolls-Royce Plc signed a memorandum of understanding with Spanish shipping company Baleària to design gas-powered propulsion systems for three of the company’s high-speed ferries, which currently run on diesel.Baleària, which operates ferry…
Mitsubishi Heavy Industries to build a 7th pea-pod superstructure shape 'Sayaendo' LNG carrier for a 'K' Line/INPEX subsidiary joint venture.Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull…
American Shipbuilder General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, announced that it has entered into a contract with an affiliate of American Petroleum Tankers (APT), a company majority owned by funds managed by Blackstone on behalf of its investors…
ABB contracted to provide energy-efficient and environmental friendly solution for four LNG vessels to be built in Korea.Total orders in the first quarter of 2013 landed by ABB, worth close to $40 million, came from three gas transportation…
Maersk Tankers exits Very Large Gas Carrier (VLGC) segment by selling its fleet to the BW Group.The BW Group buys Maersk Tankers five owned vessels and takes over the five existing time charter commitments, which Maersk Tankers explains is…
The Society For Gas as a Marine Fuel (SGMF) is launched as new Non-Governmental Organisation to enhance safety and best practices in the use of LNG as a ship fuel.Following a decision to proceed by the Board of Directors of the Society of…
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…
