Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business. Milaha’s net profit rose by 1.8 per cent to QAR 283 million (around USD 78 million)
Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefied natural gas carrier. Image courtesy of Cosco Shipping Heavy Industry This is the first-ever LNG vessel built and delivered by Cosco Shipping Heavy Industry’s Dalian shipyard, the shipbuilder said in a statement. Dalian Inteh Group
Japanese utility, Tokyo Gas revised its results forecast flagging a ¥28.4 billion ($262.7 million) impairment losses for the year ended March 2020. Image courtesy of Tokyo Gas The impairment losses are a result of a re-evaluation of the upstream projects in the United States, Ichthys LNG project in Western Australia
Hong Kong-based consulting services provider SeaQuest Marine Project Management has been entrusted with the construction supervision job for three Green 5th Generation zero-emission roll-on/roll-off (RoRo) newbuilding vessels ordered by Finnlines. The vessel trio is being built at China Merchants Group’s Nanjing Jinling Shipyard in China. Finnlines, a Finnish shipping company
Saga LNG Shipping’s Saga Dawn, the world’s first LNG carrier featuring the A LNG containment system, has loaded its first cargo at Singapore LNG. Image courtesy of Saga LNG Shipping The vessel capable of transporting 45,000 cubic meters of liquefied natural gas loaded its first full cargo before departing on
The Freeport LNG export project in Texas led by billionaire Michael Smith is seeking from the US energy regulators to place its third and final train into commercial operation. Image courtesy of Freeport LNG Freeport LNG said in a letter to the Federal Energy Regulatory Commission it requests authorization to
The United States exported fever liquefied natural gas cargoes in the week ending April 22 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that 13 LNG cargoes were dispatched from five US terminals between April 16
Different zero-carbon fuel options are more competitive in different decades and there is not one option which is the most competitive from today through to 2050, a new paper finds. Photo: Pixabay The paper, published by classification society Lloyd’s Register and the UK’s University Maritime Advisory Services (UMAS), is an
South Korea’s Daewoo Engineering & Construction said Thursday it has won a $50 million contract to carry out piping works at the BP-operated Tangguh LNG export facility in Indonesia. Tangguh Train 3 (Image courtesy of Daewoo E&C) The contract is a part of the Tangguh expansion project which includes the
Lloyd’s Register has been contracted as the classification society for two new LNG-fueled 95-meter multi-role German vessels. The pair has been ordered by the German Federal Waterways and Shipping Administration at the Abeking & Rasmussen Schiffs- und Yachtwerft. The vessels will be capable of performing a number of tasks, such
US LNG equipment maker Chart Industries on Thursday reported a jump in first-quarter profit. The company reported a net income of $8.5 million in the quarter. This compares to $0.9 million in the corresponding quarter in 2019, and $12.4 million in the previous quarter. First-quarter 2020 orders of $304.3 million
Finnish technology group Wärtsilä has received an order to develop a design for up to six new luxury expedition cruise vessels to be owned and operated by Amundsen Expeditions. Photo: Wärtsilä As informed, the 200-passenger newbuilds are primarily intended for the growing Chinese market. The design order with Wärtsilä was