Chinese shipbuilding company Xiamen Shipbuilding Industry, part of Fujian Mawei Shipbuilding, has held a steel-cutting ceremony for the first liquefied natural gas (LNG)-powered pure car/truck carrier (PCTC) being built for Bank of Communications Leasing (Bocomm Leasing) and COSCO Haite. As disclosed, the steel-cutting ceremony took place at the company’s Wang Nenghua shipyard
Illustration; Image credit MOL This year saw an ordering spree for LNG carriers amid spiking demand for LNG driven primarily by the ongoing geopolitical turbulence in Europe as the EU battles to break away from dependence on Russian gas instigated by Russia’s war in Ukraine. A total of 162 new
Japanese electricity generator JERA has signed a key term sheet with Oman LNG for the long-term sale and purchase of liquefied natural gas (LNG). Under the 10-year agreement, JERA will purchase up to 12 cargoes (approximately 0.8 million tons) per year of LNG produced from the Oman LNG project starting
US liquefied natural gas (LNG) export project developer Venture Global and Japan’s oil and gas company Inpex have signed a long-term sales and purchase agreement for the purchase of one million tonnes per annum (1 mtpa) of LNG for 20 years. Under the agreement, Inpex Energy Trading Singapore (IETS), a
CSSC Huangpu Wenchong, a subsidiary of the China State Shipbuilding Corporation, has launched the second multi-purpose gas carrier being built for compatriot LPG carrier owner Tianjin Southwest Maritime (TSM). The 9,500 cbm vessel (hull number H5509) is the second ship from the series currently under construction at the yard. The sister
Japanese shipping heavyweight NYK has held a naming ceremony for the second dual-fuel very large gas carrier (VLGC) for charter with LPG trader and importer Astomos Energy Corporation. As informed, the naming ceremony took place at Kawasaki Heavy Industries’ (KHI) shipyard Sakaide Works. Credit: NYK At the ceremony, the ship was
Greek energy utility company Mediterranean Gas has completed the first phase of the market test for the expression of interest and capacity allocation for the ARGO FSRU terminal in Volos. Courtesy of Mediterranean Gas According to Mediterranean Gas, an expression of interest was submitted by Greek and international companies, which
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) is rounding off 2022 with the delivery of 209 ships, the equivalent of 14 million dwt. CSSC said that this year it secured the largest portion of new shipbuilding orders in the world, despite the challenges caused by the pandemic and extreme
An upgrade of the world’s largest floating storage and regasification unit (FSRU) MOL FSRU Challenger has been completed, increasing its regasification capacity before deployment to Hong Kong. Following the upgrade at Keppel Shipyard in Singapore, the FSRU with a storage capacity of 263,000 cubic metres now has a nominal regasification
Papua New Guinea’s Kumul Petroleum Holdings has extended the exclusivity period for the binding conditional offer made to Australian energy company Santos to acquire a 5% interest in PNG LNG for an asset value of $1.4 billion. The offer, which will now remain open until 30 April 2023, is conditional