Container shipping line CMA CGM is to expand its fleet of natural gas-powered vessels to cover the busy trans-Pacific route between China and the United States as part of a push to use the fuel to reduce pollution, the group said on Thursday…
Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast, predicting higher demand for the fuel as COVID-19 vaccinations boost economic recovery.Lockdown measures implemented…
Seaspan Corporation announced Friday that it has entered into an agreement to order up to 10 dual-fuel liquefied natural gas (LNG) containerships from South Korean shipbuilder Samsung Heavy Industries.Seaspan, a wholly owned subsidiary of Atlas Corp…
German shipping company Hapag-Lloyd has joined the shift to green financing, securing funds for six liquefied natural gas (LNG) powered, 23,500 TEU containerships it ordered in December 2020.The firm said it concluded two transactions according…
Valenciaport is at the forefront in Spain in the supply of LNG (Liquefied Natural Gas) by the shipping company Baleària. Specifically, in 2020, the Dénia-based company carried out a total of 291 natural gas supply operations, reaching 26,777 cu…
PAO Sovcomflot (SCF Group) and Total have concluded a time charter agreement for up to seven years for a newbuild 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier, scheduled to be delivered Q3 2023 and to be owned and operated by SCF…
Russian shipping company PAO Sovcomflot (SCF Group) on Friday took delivery of SCF Timmerman, a new 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier. The ship embarked on its maiden commercial voyage the same day, and is operated under a long-term time charter agreement with Shell…
Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal's regulator said it had made changes to speed up transit.The price of liquefied…
After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including…
Crowley Shipping announced Wednesday it has formed a New Energy division to focus on offshore wind and liquefied natural gas (LNG) services in the U.S. and adjacent regions.The Jacksonville, Fla.-based maritime transportation and services firm…
China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said…
The European Commission will co-finance the construction of the first vessel to be fully dedicated to liquefied natural gas (LNG) bunkering at the Port of Algeciras, Spain.The grant agreement was signed with Enagás and the Port Authority of Algeciras Bay on Tuesday…
The U.S. Department of Energy on Thursday issued a rule to exclude environmental reviews for marine transport of liquefied natural gas (LNG), as the Trump administration unleashes last minute rules supporting the fossil fuel industry.The rule…
The world’s largest containership powered by liquefied natural gas (LNG) began its first gas bunkering operation in Rotterdam on Thursday, French shipping company the CMA CGM Group said.The CMA CGM Jacques Saadé, which has an 18,600 cubic meter tank…
Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts to reduce pollution in ocean shipping.After announcing three years ago that it would adopt LNG, French…
