Image courtesy of Novatek Russia’s Novatek, China COSCO Shipping Corporation, Sovcomflot and Silk Road Fund have signed an agreement regarding the Maritime Arctic Transport (MArT) joint venture. According to the agreement, the parties intend to establish a long-term partnership providing for the joint development, financing and implementing year-round logistics arrangements
Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has taken delivery of its fifth LNG carrier. Flex LNG said via social media channels on Friday that the Flex Constellation was delivered three weeks ahead of schedule. According to the
zoomImage courtesy of Novatek Novatek, Russia’s largest private gas producer, has signed a series of cooperation deals for the equipment supply and the development of Arctic projects. The company said in separate statements it has signed an agreement of intent with Gazprom Neft to establish a joint venture that would
zoomImage courtesy of Lloyd’s Register Classification society Lloyd’s Register has awarded Hyundai Heavy Industries with an approval in principle (AiP) for a very large crude carrier (VLCC) design. The vessels would be capable of using a combination of volatile organic compounds (VOC) mixed with LNG as fuel and Norsepower’s rotor
zoomImage courtesy of GasLog GasLog and GasLog Partners have decided to assume commercial control of their vessels currently operating in the LNG carrier spot market through The Cool Pool. The Cool Pool is an LNG carrier pooling agreement between GasLog and Golar LNG, focusing exclusively on spot fixtures of up
Image courtesy of Dynagas LNG Partners Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, reported a lower first-quarter income as operating expenses rose. The partnership reported a net income for the quarter ended March 31, 2019, of $1.9 million which compares to $4.8 million in the
Image courtesy of Titan LNG Service supplier of liquefied natural gas Titan LNG has received class approval from Bureau Veritas for its bunkering pontoon, the FlexFueler001. FlexFueler001 is the first LNG bunkering pontoon in northwest Europe for the Amsterdam – Rotterdam – Antwerp (ARA) region. The solution is designed to
Image courtesy of Klaipedos Nafta Lithuanian fertilizer producer Achema booked additional capacity at the country’s liquefied natural gas import terminal in the port of Klaipeda. The terminal operator Klaipedos Nafta (KN) said in a statement on Wednesday that additional capacities at the terminal were allocated to Achema during the current
zoomImage courtesy of Anadarko CCS JV, a joint venture between McDermott, Saipem, and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum for work on the Mozambique Area 1 LNG development. McDermott said on Wednesday that CCS’s project scope included onshore engineering, procurement, and construction (EPC) for all
Illustration only. Image source: Pixabay under CC0 Creative Commons license. New York City-based New Fortress Energy (NFE) signed a memorandum of understanding (MOU) with the Angolan authorities to develop a liquefied natural gas (LNG) terminal to supply natural gas to Angola for power generation. Under the MoU signed with the
Image courtesy of NextDecade US LNG export project developer NextDecade elected Mathew Schatzman, company’s chief executive officer, to serve as chairman of the board. Schatzman assumed his additional duties effective June 4, 2019, the company said in a statement. Matthew Bonanno, who served as interim chairman since May 14, 2019,
