South Korean shipbuilding heavyweight HD Korea Shipbuilding & Offshore Engineering Co. has signed orders worth billions of dollars for eight newbuild vessels and one floating production unit (FPU).
Natural gas is perceived to be the perfect candidate to bridge the supply gap in the transition from fossil fuels to renewables.
Vitol Asia, a supply and trading unit of Vitol Group, and the Merakes LNG Sellers have signed a multi-year LNG sale and purchase agreement (SPA). The LNG supply to Vitol is expected to commence in 2024, and the quantity will be approximately 0.55 million tons per annum (MTPA) for a period of three y
The fleet of Norwegian shipping company Knutsen Group has gotten a new member, an LNG carrier named Gordon Waters Knutsen. The group shared on its social media that the vessel is designed specifically for the transportation of liquefied natural gas (LNG), with a capacity of 174,000 cubic meters. It
Cool Company Limited (CoolCo), an owner, operator and manager of LNG carriers, has exercised its option to acquire two newbuild 2-stroke LNG carriers from affiliates of Eastern Pacific Shipping (EPS). The LNG carriers, named Kool Tiger and Kool Panther, are being built by Hyundai Samho Heavy Industr
U.S.-based energy company NextDecade has announced that Rio Grande LNG has received binding commitments from a syndicate of lenders in an amount sufficient, together with expected project equity funding, to support a positive final investment decision (FID) of the first three liquefaction trains (Ph
Gulfstream LNG, a mid-sized greenfield LNG export project under development in Louisiana, U.S., has received authorization from the U.S. Department of Energy (DOE) to export produced LNG to all existing, and any future countries that have, or will enter, free trade agreement (FTA) with the U.S. This
The second vessel of the fleet of gas carriers being built for the ORLEN Group has arrived at the port in Świnoujście, Poland, with a cargo of liquefied natural gas (LNG). The vessel Grażyna Gęsicka delivered some 65,000 tons of LNG loaded at the Freeport terminal in the United States (U.S.). Daniel
The container shipping market is bustling with activity as container shipping giants Maersk, Evergreen, and CMA CGM collectively place orders for up to staggering 44 containerships, valued at over $5 billion. Evergreen has emerged as the biggest spender with a reported order of twenty-four 16,000 TE
Japanese shipping company Mitsui O.S.K. Lines (MOL) has entered into a lease agreement for three new LNG carriers with Bank of Communications Financial Leasing Co (BOCOM Leasing). The three 17,400 cbm LNG carriers are under construction at Hudong-Zhonghua Shipbuilding (Group). The lease has been car
UK’s Supreme Court has rejected the application from the environmental campaign group Friends of the Earth to appeal its case against a government decision to help fund the Mozambique LNG development project led by French energy major TotalEnergies. The ruling comes after the Court of Appeal dismiss
London-based energy player INEOS Energy Trading has signed agreements with Japanese shipping major Mitsui O.S.K. Lines (MOL) for two newbuild LNG carriers, to be used for the import of LNG into Germany from the United States. These agreements follow INEOS Energy Trading’s long-term Sales and Purchas
Italian maritime transportation group Fratelli Cosulich has celebrated the christening and launch of its second small-scale LNG bunkering vessel. The vessel named Paolina Cosulich was christened and launched on 26 June at CIMC SOE shipyard in China. This 5,300 dwt vessel, which can carry 8,200 m3 of
Nordic energy company Gasum has carried out the first liquefied natural gas (LNG) bunkering operation in the port of Reykjavik, Iceland.
