The first Singapore Technical Reference (TR) 56 for Liquefied Natural Gas (LNG) Bunkering was launched by the Maritime and Port Authority of Singapore (MPA), SPRING Singapore and the Standards Development Organisation @ Singapore Chemical Industry Council (SDO@SCIC)…
The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States…
Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the concurrent MPA Singapore Maritime and Singapore Iron Ore Weeks.“The recent…
Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according…
Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal. The Financial Express reported that Summit group will install a Floating Storage and Re-gasification…
Nakilat organized the 21st Qatar Project Shipping Forum (QPSF) in London from April 18-19, 2017. The bi-annual Forum gathered Nakilat’s joint venture partners, ship operators and charterers to discuss numerous matters concerning the Nakilat…
The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient…
SCF Group's Sovcomflot sees bright future for LNG-fuelled vessels in the tanker industry. 'LNG is a promising fuel for large-capacity vessels, which will significantly increase their environmental compatibility and efficiency,' says the company…
Nakilat held its bi-annual Fleet Officers Meeting (FOM) from March 27-28, 2017 at the InterContinental Hotel in Doha, Qatar. Held in Qatar for the first time, the event was attended by about 50 Officers from Nakilat’s LNG and LPG fleets…
Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG) to Kuwait, reports Tass. The talks continue in 'a rather progressive mood,'during the the Energy Minister Alexander Novak’s visit to the Middle East country…
Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC. Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607…
Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States…
Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Mesaimeer from STASCo (Shell Trading and Shipping Company Ltd.) with effect from March 23, 2017, as part of the planned and phased transition announced on October 19…
The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Korea Gas Corp (KOGAS) said on Thursday it had signed…
Crowley Maritime Corp.’s newest combination container/Roll on-Roll off (ConRo) ship has been launched at the VT Halter Marine shipyard in Pascagoula, Miss. for the Crowley’s service between Jacksonville, Fla., and San Juan, Puerto Rico. Named El Coquí after a beloved frog native to Puerto Rico…
