Image courtesy of Teekay Teekay offshore said the first steel was cut for the first of four E-shuttle tanker newbuilds at the South Korean Samsung Heavy Industries shipyard in Geoje. The new 130,000 dwt vessels will operate on both liquefied natural gas (LNG) as the primary fuel, and a mixture
Image courtesy of Nakilat Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported on Wednesday a 9 percent rise in its first-half profit. Nakilat said its six-month net profit was at 445 million Qatari Riyals ($122.2m) as compared to 409 million Qatari Riyals in the same period last
Image courtesy of Cheniere U.S. exchange operator CME Group and LNG player Cheniere Energy reached a deal to develop an LNG futures contract with physical delivery to Cheniere’s Sabine Pass terminal on the U.S. Gulf Coast. Cheniere’s Sabine Pass LNG terminal first started exports in February 2016, and currently operates four
Image courtesy of Carnival Corporation KfW IPEX-Bank said it is providing approximately €786 million ($925.8 million) for the construction of Carnival Corporation’s new LNG-powered cruise ship under construction at Meyer Werft shipyard in Papenburg, Germany. KfW IPEX-Bank is handling the entire structuring of the financing and taking on the roles
Ichthys LNG onshore plant (Image courtesy of Inpex) Ichthys LNG project hit by new delay The Inpex-led Ichthys LNG project in Western Australia has been hit with a new delay, with gas production from the Ichthys field still not online. World’s first “Sayaringo STaGE” LNG carrier delivered The world’s first
Image courtesy of KHI Central LNG Shipping Japan Corporation (CLS), has ordered a liquefied natural gas (LNG) bunkering vessel at Kawasaki Heavy Industries (KHI). CLS is a joint venture between Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha, established in May to own the
Image courtesy of Mitsubishi Heavy Industries Mitsubishi Shipbuilding, a unit of Mitsubishi Heavy Industries (MHI), christened the second Sayaringo STaGE type vessel, the Diamond Gas Rose. LNG carrier under construction for a joint venture of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line), features increased LNG carrying capacity and fuel
zoomImage courtesy of SEALNG SEA\LNG, the coalition promoting the use of LNG as marine fuel stressed the importance of continuing investment in the sector in order to meet both air quality and greenhouse gas (GHG) emissions targets. Aiming to aid the industry and governments in making a pragmatic and balanced analysis
zoomImage courtesy of CIMC Enric China LNG Group, through its unit, Gangzong Trade signed a deal with CIMC Enric Energy for the acquisition of liquefied natural gas (LNG) tank containers. The latest agreement is valued at 475 million Chinese yuan ($71.4 million), the company said in a filing to the stock