Illustration purposes only (Image courtesy of CNOOC) Japan’s electric power supplier Hokuriku Electric has reportedly bought a liquefied natural gas (LNG) cargo for delivery in November. Citing industry sources, Reuters said that searing hot temperatures drew down inventory in the country and that lower spot prices lured buying of cargoes.
CTO of Hudong-Zhonghua Danping Lou (left), with CEO of Silverstream Noah Silberschmidt (right) Air lubrication manufacturer Silverstream Technologies has signed a Memorandum of Understanding (MoU) with shipbuilder Hudong-Zhonghua for work on future LNG carrier newbuilds. Silverstream said on Tuesday that the MoU would see the company‘s air lubrication technology integrated
Image courtesy of Cheniere Houston-based LNG exporter Cheniere Energy has received a positive environmental assessment from the FERC for a marine berth expansion project at its Sabine Pass LNG export terminal in Louisiana. The project should allow Cheniere to add 180 LNG cargoes annually, increasing the total to 580 LNG
Image courtesy of Petronet LNG India is reportedly looking to review prices of its long-term LNG contracts at an “appropriate time” due to a fall in spot prices. According to Reuters, oil minister Dharmendra Pradhan said that long-term contracts were supposed to be honored. The minister stated that India would
Image courtesy of Stabilis Energy SEA\LNG, the industry coalition accelerating the widespread adoption of LNG as a marine fuel, has expanded its membership network in the United States with Stabilis Energy. Stabilis Energy is a U.S. LNG producer and provider which owns and operates a liquefaction and storage facility in
Illustration only (Image courtesy of the LNG Marine Fuel Institute) The LNG Marine Fuel Institute has welcomed ADNOC Logistics & Services as its latest member. The LNG Marine Fuel Institute is an independent not for profit organization established to promote the best practice use of LNG as a marine fuel
Image courtesy of Höegh LNG Norway-based floating LNG giant Höegh LNG has taken delivery of its tenth floating storage and regasification unit (FSRU) at the Samsung Heavy Industries shipyard in South Korea. Höegh LNG said via social media on Tuesday that it took delivery of Höegh Galleon from SHI as
Illustration purposes only (Image courtesy of CMA CGM) French shipping company CMA CGM has revealed plans to turn to a more environmental operation through prioritizing LNG-fuelled newbuilds and not using the Northern Sea Route along Siberia. CMA CGM said in a statement from last week that it would give priority
Illustration (Image courtesy of U.S. Army Corps of Engineers) Finnish forest industry company UPM has entered into a long-term charter agreement with two affiliates of the Dutch Spliethoff Group for seven LNG-fuelled vessels. UPM said on Monday that it signed the agreement with the Finnish Bore Ltd and the Dutch
Image courtesy of NYK NYK Bulk & Projects Carriers, an NYK Group company, has signed the contract with Nanjing Jinling Shipyard for the construction of two next-generation heavy-lift vessels. NYK said on Monday that each vessel would be equipped with two 400-ton cranes so that cargo up to 800 tons
Image courtesy of TechnipFMC LNG engineer TechnipFMC has decided to separate into two publicly traded companies via a spinoff. TechnipFMC said on Monday that the company would be split into RemainCo, a fully-integrated technology, and services provider, and SpinCo, an engineering and construction player focused on the global energy transition.
Flex Courageous; Image courtesy of Flex LNG Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has taken delivery of its sixth LNG carrier – Flex Courageous. Flex LNG said via social media that the Flex Courageous was delivered from South