Japanese shipping gaint Nippon Yusen Kabushiki Kaisha (NYK) has signed a new long-term contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The contract calls…
Chinese shipbuilder Hudong-Zhonghua has agreed to integrate Silverstream Technologies’s air lubrication technology in all the new LNG vessels it produces to give high fuel efficiencies, cutting fuel costs by up to 80 percent for both laden and ballast operations…
Silverstream Technologies, an air lubrication manufacturer for the shipping industry, signed a Memorandum of Understanding (MoU) with Hudong-Zhonghua, part of the CSSC Group, which will see the Silverstream System integrated into Hudong-Zhonghua’s…
Pump manufacturer Svanehøj is moving closer to a growing customer base in East Asia.The growth of LNG as a fuel opens the door to a huge market for pump manufacturer Svanehøj Group, which is behind the brands Svanehøj, Hamworthy Pumps, Eureka and Dolphin…
The Natural Gas Public Company of Cyprus (DEFA) announced that a Chinese-led consortium has been chosen as the preferred bidder for the construction of a EUR 250 million liquified natural gas (LNG) import terminal and related infrastructure…
Ahead of the G7 meeting at Biarritz from August 24-26, French President Emmanuel Macron, accompanied by Economy and Finance Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and Deputy Minister for the Ecological and Inclusive Transition Brune Poirson…
The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value around $17.5 billion by 2026.Increasing demand for clean fuel techniques and…
Shell Tankers (Singapore) Private Ltd has agreed a long-term deal to charter a fleet of 10 LNG dual-fuel Aframax crude oil tankers from Sinokor Petrochemical Co Ltd, which expects to take delivery of them from Samsung Heavy Industries in South Korea in 2021…
South Korean shipbuilder Samsung Heavy Industries (SHI) is to build 10 LNG-powered crude tanker vessels.The order was placed by an unnamed 'Oceanian' customer. The contract for the vessels was valued at KRW 751.3 billion (US$621 million), which is around $62 million per vessel…
Freeport LNG has reached a new milestone - it has become the sixth major US liquefaction facility to start up, with the operator confirming that production had begun at the Texas facility.'McDermott International along with its partners, Chiyoda International Corporation and Zachry Group…
On August 15, 2019, the first steel cut took place at the Meyer Werft shipyard in Papenburg for the sister ship of AIDAnova, a world’s first cruise ship that is fully powered with liquefied natural gas (LNG). With the official start of construction…
New South Wales Government is considering a proposal for a $590 million liquefied natural gas (LNG) import terminal in the Port of Newcastle, with the project given critical state significance.Under the prosposal, the terminal will be built…
Liquefied natural gas (LNG) technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.FLNG…
NYK welcomed 35 students and their professor from the Netherlands’ Delft University of Technology (TU Delft) on July 30 to examine the group’s initiatives for “Digitalization and Green,” the theme of the company’s medium-term management plan…
Norwegian liquefied natural gas (LNG) transportation company Awilco agreed and signed a term sheet for the financing of its two liquefied natural gas carriers with an Asia-based company.The refinancing for the two 2013-built 156,000-cbm TFDEs WilForce and WilPride…
