Piraeus-based LNG shipper GasLog has tightened its loss during the third quarter of 2020. The company reported a loss of $354,000 for the period. This compares to a $13.5 million loss reported in the corresponding quarter in 2019. Courtesy of GasLog Revenues were $156.7 million for the quarter ended September
Despite coronavirus-related challenges, European ports are on track with their environmental goals. Air quality, climate change and energy efficiency are firmly placed at the top of the league table of priorities, a new report shows. On 10 November, the European Sea Ports Organisation (ESPO) presented its fifth annual environmental report
Prices of spot liquefied natural gas (LNG) imported into Japan and contracted during the month of October have continued the upward trend. Courtesy of K Line Data from Japan’s Ministry of Economy, Trade and Industry shows that the price of spot LNG contracted during October 2020 reached $6 per mmBtu.
Tokyo-based shipping consortium e5 Lab Inc. and its partners have launched a proof of concept test to demonstrate remote control and collision avoidance algorithms on actual vessels as part of its ROBOSHIP project. Under the project, the consortium is developing the standard models of electrically powered vessels to realize zero
South Korea’s Energy Projects and Infrastructure Korea (EPIK) plans to add LNG bunkering services at its proposed Newcastle GasDock LNG import terminal in New South Wales, Australia. Courtesy of EPIK The addition of the LNG bunkering services aims to support the maritime industry in its shift towards cleaner-burning marine fuel,
State-owned Pakistan LNG Limited floated a tender seeking delivery of six cargoes of the liquefied natural gas at the beginning of next year. Courtesy of Pakistan LNG According to the tender document, the company is looking for six cargoes, up to 140,000 cubic meters each, for delivery through January 2021.
U-Ming Marine Transport Corporation, a Taiwanese bulk carrier company, has been awarded a 10-year LNG dual-fuel dry bulk charter contract by Anglo American. Illustration courtesy of U-Ming It is the first such long term time charter in the bulk carrier sector, U-Ming said in its statement. A fleet of four
U.S. offshore engineering and construction services provider McDermott has been awarded a contract to provide front end engineering and design (FEED) services for the Inpex-operated Ichthys liquified natural gas field development in Australia. Ichthys LNG offshore central processing facility; Source: McDermott The award is for a booster compression module FEED
Ørsted and the multinational oil and gas major bp have agreed to jointly develop a potential large-scale renewable hydrogen project in Germany powered by offshore wind. The project, which is expected to be operational in 2024, will comprise a 50 MW electrolyser system installed at bp’s Lingen Refinery in North