The newly formed company CoolCo has wrapped four of eight LNG carrier acquisitions from Bermuda-based shipper Golar LNG. Courtesy of Golar LNG At the end of last year, Golar LNG said it will separate eight of its TFDE LNG carriers into the new company called Cool Company. In addition to Golar LNG, …
Maritime industry market intelligence provider VesselsValue says the Ukraine crisis distracts from bigger trends in the seaborne LNG market. Courtesy of VesselsValue Senior trade analyst Vivek Srivastava explored the rise in global gas prices amidst the Russian invasion of Ukraine. Using VesselsValue, he provided insight into the foreseeable future of …
Classification society Bureau Veritas (BV) granted approval in principle (AiP) to Marine Service and Newport Shipping for a jointly developed containerized LNG solution. Courtesy of Newport Shipping The 40′ ISO LNG fuel tank container system is suitable for LNG-fueled newbuilds and retrofits of container vessels. It is a class-approved Type …
The U.S. Energy Information Administration (EIA) reports that LNG exports are down by one LNG carrier this week from last week. Courtesy of Cheniere According to the latest Short-Term Energy Outlook from EIA, U.S. LNG exports decreased by one vessel for the period between 3 March and 9 March 2022 compared to …
Six Japanese companies have decided to form a strategic alliance aimed at reducing environmental impact through the development of the country’s first methanol-fueled tanker. The alliance partners are shipping company Mitsui O.S.K. Lines (MOL), marine transport services company MOL Coastal Shipping, ocean shipping services firm Tabuchi Kaiun, marine transport services …
Danish container shipping and logistics giant Maersk has entered several strategic partnerships to secure green fuel supply for its fleet of twelve new methanol-powered vessels. Photo: Maersk The company intends to source at least 730,000 tonnes/year by end of 2025. The deals have been inked with Danish power company Ørsted, …
U.S. liquified natural gas exporter Freeport LNG says it expects to green-light the Train 4 expansion at its LNG export project in Texas by early 2023. Courtesy of Freeport LNG Freeport LNG operates one of the largest LNG liquefaction and export facilities in the world. Its first three liquefaction trains at the …
U.S. Energy Secretary Jennifer Granholm has decided to cut to the chase and urge the oil and gas companies to increase their production to stabilise the market following the global energy crisis exacerbated by Russia’s attack on Ukraine. U.S. Energy Secretary, Jennifer Granholm The update came following an announcement by …
Chinese Dalian Shipbuilding Industry has ordered two ME-GI dual-fuel engines from German MAN Energy Solution for the construction of two liquid CO2 carriers for Northern Lights, the joint venture between energy majors Equinor, Shell and TotalEnergies. Illustration of what the expanded CO2 receiving terminal in the municipality of Øygarden in …
Norwegian hydrogen company NEL ASA says it will increase its electrolyser production capacity to meet the EU’s raised ambitions for renewable hydrogen. Illustration only; Courtesy of NEL Nel’s electrolyser plant at Herøya can provide 500 MW of capacity to the market. Moreover, it has the possibility to expand up to …