Given the weak freight rate outlook for LPG shipping over the next twelve months, Drewry believes there is more downside risk to the second-hand values of very large gas carriers (VLGCs), according to the latest edition of the LPG Forecaster…
Wison Offshore & Marine announced that it has received Approval in Principle (AIP) from Bureau Veritas for its newly-developed large-scale Floating LNG Storage and Regasification Terminal. Featuring scalable storage capacity up to equivalent size of a Q-Max…
The Hague-based LNG giant Shell has announced two significant milestones for its liquefied natural gas (LNG) marine fuels business in northwest Europe. Shell's ultra modern bunkership Cardissa Western LNG BV Trading Rotterdam BV (Shell) has arrived in Rotterdam…
“We know that natural gas is one of the cleanest, most environmentally-friendly fuels available today,” said Capt. John Murray, CEO at Port Canaveral, who recently hosted a briefing on the use of liquefied natural gas (LNG) as a maritime transportation fuel…
U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The U.S. has been a net exporter for three of the past four months and…
Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province…
Brazil's Petroleo Brasileiro SA has been authorized to export idle liquefied natural gas (LNG) in the spot market, according to the Wednesday issue of the official gazette.According to the text, Petrobras has been given the green light to export up to 6…
Qatar Navigation (Milaha), a top Doha-based shipping and logistics group, said it was shifting its regional trans-shipment hub from Dubai to the Omani port of Sohar after a diplomatic crisis in the region disrupted Qatar's trade. Milaha…
The first Arc7 ice-class LNG tanker “Christophe de Margerie” has entered the Kara Sea and has started its first LNG cargo voyage through the Northern Sea Route (NSR). The subleased tanker will go through the NSR without the escort of icebreakers…
Dunkirk's LNG Terminal and Dunkerque-Port signed an agreement for the development of an liquefied natural gas (LNG) station to supply tank trucks. The use of LNG by shipping has grown significantly in recent months with new projects (orders for ships…
60 years of experience in the Puerto Rico trade corridor provides Crowley with the knowhow, means and staying power for the 60 that will surely follow. In March, the announcement that three new, ship-to-shore container cranes were scheduled…
Malaysia’s MISC Berhad (MISC), a world leading energy related maritime solutions and services provider has taken delivery of Seri Cempaka, the third in a series of five Moss-Type Seri-C Class Liquefied Natural Gas (LNG) carriers. The 150…
LNG shipper GasLog Partners acquired from GasLog 100% of the shares in the entity that owns and charters the GasLog Geneva on July 3, 2017. The GasLog Geneva is a 174,000 cubic meter (cbm) tri-fuel diesel electric (TFDE) LNG carrier built in 2016 and operated by GasLog since delivery…
Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million debt financing for its eighth floating storage and regasification unit (FSRU). The Facility comprises a 12 year export credit agency (ECA) term…
Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended June 30, 2017 with a net profit of QR 409 million ($112 million) compared to QR 501 million ($137 million) of the same period last year in 2016…
