Category: Gas
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Speak up for our sector
Speak up for our sector Maritime leaders must use a single voice to challenge roadblocks and spotlight opportunities in an operating landscape that is fraught with turmoil, writes Intent Communications CEO Namrata Nadkarni. The maritime industry is no stranger to volatility, but the start of 2026 has brought a convergence of crises that would test…
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New agreement covers ammonia bunkering hub construction in Western Australia
Pilbara Ports has entered into a memorandum of understanding (MOU) with Yara Pilbara regarding the development of an ammonia bunkering hub in the Pilbara in Western Australia. Under the MOU, the two parties will work collaboratively on government and stakeholder advocacy, developing a training program in safe ammonia handling, and in the planning of necessary…
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3,200 ships caught up in Hormuz paralysis
3,200 ships caught up in Hormuz paralysis VLCC freight surged to extraordinary theoretical levels on Monday as the war between Iran and the US‑Israel coalition roiled shipping in the Persian Gulf, with some 3,200 vessels stuck in the region. The benchmark TD3C from the Middle East to China was quoted at $423,700 a day, up…
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MISC lifts Hudong-Zhonghua LNG series
MISC lifts Hudong-Zhonghua LNG series Malaysia’s MISC has increased its LNG newbuilding programme in China to five vessels after signing for two additional carriers at Hudong-Zhonghua Shipbuilding. The latest order covers a pair of 174,000 cu m newbuilds, which will be chartered to Malaysia’s national oil company Petronas under a 20-year contract. The long-term charter…
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Navigator fixes newbuild financing
Navigator fixes newbuild financing New York-listed Navigator Holdings has secured a $133.7m loan to finance two liquefied ethylene gas carriers under construction in China. The handysize LPG carrier specialist said subsidiaries Navigator Parsec and Navigator Pleione signed the facility agreement with ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank and Nordea Bank Abp. The…
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Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms
Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned…
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NYK and Ocean Yield expand LNG carrier series to eight ships
NYK and Ocean Yield expand LNG carrier series to eight ships Japan’s Nippon Yusen Kaisha (NYK) and Norwegian shipleasing specialist Ocean Yield have bolstered their LNG carrier programme after declaring options for additional newbuildings to serve long-term charters with Cheniere Energy. The partners have doubled their orderbook at HD Hyundai Heavy Industries to eight large…
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Houthis vow to resume attacks following Iranian strikes
Houthis vow to resume attacks following Iranian strikes With the US and Israel attacking Iran on Saturday, Iranian allies, the Houthis from Yemen, have vowed to resume attacks on commercial shipping in and around the Red Sea, bringing to a close a four-month cessation of violence at sea. Shipping organisation BIMCO suggested ships with business…
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Construction begins on new LPG terminal at UAE’s Khalifa Port
Construction has officially begun on a new LPG storage terminal at Khalifa Port in Abu Dhabi. Local port operator the AD Ports Group said that the Nimex LPG Terminal will be the UAE’s first private-sector LPG terminal and that it will reinforce the UAE’s position as a global energy logistics and trading hub. Announced in…
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UK hits shadow fleet and LNG trades in fresh Russia sanctions push
UK hits shadow fleet and LNG trades in fresh Russia sanctions push The UK has rolled out its largest sanctions package against Russia since the early months of the war in Ukraine, with oil tankers and LNG shipping among the main targets as London looks to squeeze Moscow’s energy revenues. Nearly 300 entities have been…
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Trump tariff turmoil clouds transpacific contracting season
Trump tariff turmoil clouds transpacific contracting season Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway. On Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally…
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Celsius seals Samsung Heavy LNG carrier order
Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, part of Danish owner Celsius Shipping, has placed an order for an additional 180,000 cu m LNG carrier with South Korea’s Samsung Heavy Industries. The deal brings Celsius Tankers’ LNG fleet to 24 vessels, bolstering the company’s ongoing expansion in the segment. Samsung Heavy Industries confirmed…
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Modernisation works at Russian shipyard Severnaya Verf to begin in Q3 2026
Russia’s state-owned United Shipbuilding Corporation has confirmed that the modernisation of the Saint Petersburg facilities of its Severnaya Verf business unit will commence in the third quarter of 2026. Severnaya Verf Technical Director Roman Obukhov said the works have a scheduled completion date of 2030, by which time the facility’s total area coverage will have…
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Exmar seals Cedar FLNG deal
Exmar seals Cedar FLNG deal Belgian gas shipping and infrastructure group Exmar has been selected by Cedar LNG Partners to provide marine and operational services for the project’s floating liquefied natural gas unit. Under the agreement, the Antwerp-based owner will deliver marine operations and maintenance services for the FLNG vessel megúgu, which is currently under…
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BW LPG fixes two VLGCs on three-year time charters
BW LPG fixes two VLGCs on three-year time charters VLGC owner and operator BW LPG has entered three-year time charter-out contracts for two of its vessels. The deals were struck for the 2016-built, 84.612 cu m BW Tucana and the 2020-built, 83,315 cu m BW Yushi. The client was left undisclosed. The period charters commenced…
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Tsakos lines up return to LNG newbuilds in South Korea
Tsakos lines up return to LNG newbuilds in South Korea Greece’s Tsakos Energy Navigation (TEN) is moving closer to a return to the LNG carrier newbuilding market, lining up its first gas ship orders in roughly seven years. Shipbuilding sources say the Tsakos Group is finalising a deal with HD Hyundai Heavy Industries for two…
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GSX Energy firms up LNG bunker pair in China
GSX Energy firms up LNG bunker pair in China GSX Energy has firmed up an order for two additional LNG bunkering vessels at China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), lifting its series at the yard to four ships. GSX Energy was formed in October 2025 as a joint venture between Sabrina Chao-…
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Atlantic LNG plans extended maintenance shutdown of train
Atlantic LNG plans extended maintenance shutdown of train Reuters Go to baird maritime
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South Korea’s HJ Shipbuilding reports eight-fold YOY profit jump in 2025
South Korea’s HJ Shipbuilding reports eight-fold YOY profit jump in 2025 Gareth Havelock Go to baird maritime
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NYK and Ocean Yield clinch LNG carrier deal with Cheniere
NYK and Ocean Yield clinch LNG carrier deal with Cheniere Japan’s Nippon Yusen Kaisha (NYK), together with Norwegian shipleasing player Ocean Yield, has locked in long-term charter contracts for a series of new liquefied natural gas carriers with US LNG heavyweight Cheniere. The fixture confirms market talk that emerged in December when NYK and Ocean…
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Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer
Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer With a diversified pipeline of projects spanning Africa, Asia-Pacific, the Americas, and the East Mediterranean, Italy’s energy giant Eni is set on pursuing a disciplined exploration strategy focused on rapid monetization and a pragmatic, technology-driven approach to emission…
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Sonangol books LNG carrier newbuild in South Korea
Sonangol books LNG carrier newbuild in South Korea Angola’s state-controlled energy company Sonangol is moving to grow its gas shipping exposure, placing an order for a new LNG carrier in South Korea. HD Hyundai Samho Heavy Industries has secured the contract to build a 174,000 cu m unit, according to a regulatory filing by the…
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Europe gas prices firm on low stockpiles and LNG supply concerns
Europe gas prices firm on low stockpiles and LNG supply concerns Reuters Go to baird maritime
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Shandong Marine in for LNG carrier quartet at Jiangnan
Shandong Marine in for LNG carrier quartet at Jiangnan China’s Shandong Marine has moved to expand its LNG carrier fleet, placing an order for four newbuildings at compatriot yard Jiangnan Shipyard, with the vessels set to be chartered to a unit of UK-based energy major Shell upon delivery. The state-run shipping group has signed up…
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Galveston LNG Bunker Port teams up with TOTE to build Jones Act bunker fleet
Galveston LNG Bunker Port teams up with TOTE to build Jones Act bunker fleet Texas-based Galveston LNG Bunker Port (GLBP) has struck a strategic partnership with TOTE Services to develop and operate a fleet of dedicated Jones Act LNG bunker vessels for the US Gulf Coast. Under a newly signed heads of agreement, GLBP and…
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European Council gives final approval to stepwise ban on imports of Russian gas
European Council gives final approval to stepwise ban on imports of Russian gas Gareth Havelock Go to baird maritime
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China’s Tianjin Southwest orders ammonia carrier pair from local builder
China’s Tianjin Southwest orders ammonia carrier pair from local builder Jens Karsten Go to baird maritime
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Houthis tease new strikes amid US carrier build‑up in the Gulf
Houthis tease new strikes amid US carrier build‑up in the Gulf As a US carrier strike group makes its way to the Gulf, a familiar foe to commercial shipping has reared its head for the first time in months. A video titled ‘Soon’ published overnight by the Houthis, carried below, suggests the Iranian-backed Yemeni military…
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TMS Cardiff Gas expands LNG orderbook with Chinese deal
TMS Cardiff Gas expands LNG orderbook with Chinese deal Greek shipowner TMS Cardiff Gas has added fresh LNG carrier tonnage to its orderbook, with an agreement for up to six newbuildings at Hudong-Zhonghua Shipbuilding in China. The George Economou-led company is understood to have signed up for four firm 174,000 cbm LNG carriers, with options…
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Alpha Gas inks $500m LNG carrier order at Hanwha Ocean
Alpha Gas inks $500m LNG carrier order at Hanwha Ocean Greek gas shipowner Alpha Gas has resurfaced in the newbuilding market, placing an order for two LNG carriers at South Korea’s Hanwha Ocean.T The shipbuilder said the contract, secured for its Okpo yard in Geoje, is valued at KRW738.3bn ($503m). Hanwha Ocean did not disclose…
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Danaos steps into LNG with Alaska project tie-up
Danaos steps into LNG with Alaska project tie-up Greek owner Danaos is widening its reach beyond boxships and bulkers after striking a strategic partnership with US energy infrastructure player Glenfarne Group on the Alaska LNG project. The Nasdaq-listed company said it will invest $50m in development capital through Glenfarne Alaska Partners, while also lining up…
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Eastern Pacific adds LNG muscle with Jiangnan newbuild pair
Eastern Pacific adds LNG muscle with Jiangnan newbuild pair Eastern Pacific Shipping has moved to expand its LNG footprint, placing an order for two 175,000 cu m LNG carrier newbuildings as it scales up its gas shipping business. The Singapore-based owner, controlled by Idan Ofer, has contracted the pair at Jiangnan Shipyard for delivery in…
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Turkey’s Aygaz makes VLGC debut in $119m South Korea deal
Turkey’s Aygaz makes VLGC debut in $119m South Korea deal Turkey’s Aygaz is making its first move into the very large gas carrier space, signing a $119m newbuilding contract with South Korea’s HD Hyundai Samho. The Istanbul-based LPG distributor said in a stock exchange filing that the yard will build a VLGC for delivery in…
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NYK names new LPG/ammonia carrier with dual-fuel propulsion
NYK names new LPG/ammonia carrier with dual-fuel propulsion Gareth Havelock Go to baird maritime
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Kalleklev takes helm of EPS gas fleet after CoolCo merger
Kalleklev takes helm of EPS gas fleet after CoolCo merger Eastern Pacific Shipping has moved to reshape its gas shipping leadership after completing the merger between its LNG unit CoolCo and subsidiary EPS Ventures earlier this month. The Idan Ofer-controlled group confirmed that former Flex LNG and Avance Gas chief executive Øystein Kalleklev will take…
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Tanker News Roundup | January 8 – Japan-India VLEC joint venture, Greek multi-gas carrier delivery and more
Tanker News Roundup | January 8 – Japan-India VLEC joint venture, Greek multi-gas carrier delivery and more Baird Maritime Go to baird maritime
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Petrovietnam Gas awards first-ever LNG term contract to Shell
Petrovietnam Gas awards first-ever LNG term contract to Shell Reuters Go to baird maritime
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Greece’s Capital Maritime welcomes new multi-gas carrier to fleet
Greece’s Capital Maritime welcomes new multi-gas carrier to fleet Jens Karsten Go to baird maritime
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Eastern Pacific back for more ammonia carriers at Jiangnan
Eastern Pacific back for more ammonia carriers at Jiangnan Idan Ofer’s Eastern Pacific Shipping (EPS) has returned to China to add more ammonia carrier capacity, placing an order for two very large ammonia carriers (VLACs) at Jiangnan Shipyard. The Singapore-based owner has signed a contract for two 90,000 cu m newbuildings, with delivery scheduled for…
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US LNG exports hit record highs as new capacity comes online
US LNG exports hit record highs as new capacity comes online Reuters Go to baird maritime
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Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea
Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea Capital Clean Energy Carriers (CCEC) has moved to further bulk up its LNG fleet, placing an order for three newbuildings at HD Hyundai Samho in South Korea. The Nasdaq-listed owner has secured three berths at the yard, with one vessel due for…
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US natural gas futures edge down in volatile trading after hitting near two-week high
US natural gas futures edge down in volatile trading after hitting near two-week high Reuters Go to baird maritime
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US natural gas futures climb on rising export demand
US natural gas futures climb on rising export demand Reuters Go to baird maritime
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The year of the caveat
The year of the caveat Splash’s editor gives readers his take on the world of shipping in the year 2025. At financial newswire Bloomberg, the official style guide has always shied away from using words such as but or if in sentences. “Clauses that start with although, but, despite or however often confuse more than…
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Belgium’s Somtrans christens new LNG bunkering barge
Belgium’s Somtrans christens new LNG bunkering barge Gareth Havelock Go to baird maritime
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Splash Wrap: Raids, record orders and rewired trade
Splash Wrap: Raids, record orders and rewired trade US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too. China’s state-run shipping COSCO, the world’s largest shipowner, placed a massive order for 87 newbuildings worth more than $7bn with…
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Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter
Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter Norway’s Knutsen Group has firmed up another LNG newbuild in South Korea, ordering a 174,000 cu m carrier at Hanwha Ocean on the back of a long-term charter deal with Italy’s Edison. The contract will see the vessel deliver and begin its charter…
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Edison inks LNG carrier charter with Knutsen OAS
Edison inks LNG carrier charter with Knutsen OAS Jens Karsten Go to baird maritime
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Tianjin Southwest books very large ammonia carriers at Jiangnan
Tianjin Southwest books very large ammonia carriers at Jiangnan Tianjin Southwest Maritime has ordered two very large ammonia carriers from Jiangnan Shipyard, extending its long-standing partnership with one of China’s leading gas-carrier builders. Industry sources said the Chinese owner has signed for a pair of 90,000 cu m VLACs, each priced at about $114.5m, for…
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Flex LNG confirms Marius Foss as permanent CEO
Flex LNG confirms Marius Foss as permanent CEO Flex LNG has appointed Marius Foss as chief executive officer, confirming him in the role after several months as interim CEO. Foss has also served as the company’s chief commercial officer. Foss joined the LNG carrier owner in 2018 and has since played a key role in…
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Black Sea war risk premiums surge
Black Sea war risk premiums surge Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in…
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Seafarers kidnapped from LPG carrier off Equatorial Guinea
Seafarers kidnapped from LPG carrier off Equatorial Guinea A Portugal-flagged LPG carrier has been attacked by pirates off Equatorial Guinea, with at least nine seafarers reportedly kidnapped. Security firm Vanguard said the CGas Saturn was boarded around 50 nautical miles west of Mbini early Monday. The 2003-built gas tanker, owned by Denmark’s Christiania Gas, was…
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Gunvor hits reset button with leadership buyout and governance overhaul
Gunvor hits reset button with leadership buyout and governance overhaul Gunvor has entered a new chapter after its management team agreed to buy out the company’s existing ownership, ending Torbjörn Törnqvist’s long run as majority shareholder. The Swiss-based commodity trading giant will now be fully owned by a group of senior employees, with no outside…
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Splash Wrap: All eyes on the Suez Canal
Splash Wrap: All eyes on the Suez Canal The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates. Diana Shipping made its move on New…
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BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho
BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho BW LNG is surfacing as the buyer behind a fresh order for two large LNG carriers at HD Hyundai Samho Heavy Industries, after the South Korean yard confirmed a KRW741.2bn ($507m) contract last week. Clarksons’ weekly newbuilding report names BW Group’s gas arm…
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Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch
Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch West African LNG exporter Nigeria LNG (NLNG) is moving ahead with a fresh round of fleet renewal, with its shipping arm Bonny Gas Transport (BGT) selecting China’s Hudong-Zhonghua Shipbuilding for a new tranche of LNG carrier tonnage. Newbuilding sources said BGT has agreed to…
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Chinese yard starts construction on dual-fuel LPG/ammonia carrier
Chinese yard starts construction on dual-fuel LPG/ammonia carrier Jens Karsten Go to baird maritime
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Splash Wrap: Flows shift again
Splash Wrap: Flows shift again The Houthis officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed Houthi chief of staff, Yousef Hassan Al-Madani, who succeeded…
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Shipping hesitates on Red Sea return
Shipping hesitates on Red Sea return Experts covering the Red Sea shipping crisis have advised caution over any swift return to the Middle Eastern tradelane. Yesterday, the Houthis officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a…
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Houthis signal end to Red Sea attacks as shaky ceasefire holds
Houthis signal end to Red Sea attacks as shaky ceasefire holds The Houthis have officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter (pictured below) sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed…
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‘Ambition is not yet reaching the fixture desk’: RightShip warns of reward deficit for responsible owners
‘Ambition is not yet reaching the fixture desk’: RightShip warns of reward deficit for responsible owners A new 37-page report published today by vetting specialist RightShip makes clear the growing frustration among owners who invest in safer, greener operations yet see little commercial recognition for it, with just 27% of charterers polled saying they offer…
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US oil and gas production hits new record highs in August
US oil and gas production hits new record highs in August Reuters Go to baird maritime
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Tanker News Roundup | October 29 – Russian and Chinese LNG carriers, bunkering ship for France and more
Tanker News Roundup | October 29 – Russian and Chinese LNG carriers, bunkering ship for France and more Baird Maritime Go to baird maritime
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Why realism, not rhetoric, will drive shipping’s path to net zero
Why realism, not rhetoric, will drive shipping’s path to net zero Philippos Ioulianou, managing director of EmissionLink, writes for Splash today. The decision by the International Maritime Organization to delay the Net-Zero Framework by a year has exposed deep divisions. What should have been a coordinated global effort toward decarbonisation has resulted in paralysis at…
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Splash Wrap: Sanctions, shadow fleets, and shifting tides
Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…
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Trump’s Russian oil sanctions set to redraw global tanker trading map
Trump’s Russian oil sanctions set to redraw global tanker trading map US president Donald Trump has imposed sweeping new sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, in what he described as “tremendous sanctions” aimed at forcing Moscow to the negotiating table over its war in Ukraine. The sanctions have the potential to…
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How geopolitics is redrawing the world’s shipping routes
How geopolitics is redrawing the world’s shipping routes Globalisation isn’t dead, but it’s changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year’s bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated…
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Japanese shipbuilders to expand manufacturing capacities through $2b joint investment
Japanese shipbuilders to expand manufacturing capacities through $2b joint investment Gareth Havelock Go to baird maritime
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Houthis claim no involvement in alleged attack on Cameroon-flagged LPG tanker
Houthis claim no involvement in alleged attack on Cameroon-flagged LPG tanker Will Xavier Go to baird maritime
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Energy demand surge pushes Philippines to scale up gas, renewables
Energy demand surge pushes Philippines to scale up gas, renewables Reuters Go to baird maritime
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IMO fails to agree Net-Zero Framework, pushes talks to 2026
IMO fails to agree Net-Zero Framework, pushes talks to 2026 Negotiations at the International Maritime Organization (IMO) have broken down without agreement on the Net-Zero Framework, leaving the shipping industry facing another year of uncertainty over how its decarbonisation will be regulated. Delegates at the Marine Environment Protection Committee’s extraordinary session in London voted to…
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Keel-laying ceremonies held for three new LNG carriers at Chinese shipyard
Keel-laying ceremonies held for three new LNG carriers at Chinese shipyard Gareth Havelock Go to baird maritime
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Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite
Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite $1.7m. That’s the fee – or RMB12.1m – that the German owners of the US-flagged Matson Waikiki are being forced to pay to allow the vessel to dock in Shanghai, a sizeable sum, and an indication of the chaos, and costs, that…
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IMO’s green dream meets America’s red line
IMO’s green dream meets America’s red line While the majority of opening statements at yesterday’s opening of the latest Marine Environment Protection Committee (MEPC) were broadly in favour of the International Maritime Organization’s (IMO) Net-Zero Framework (NZF), the US delegation stood out once again for its outspoken opposition to the proposed green legislation. The American…
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HGK Shipping christens new shallow-draught gas tanker
HGK Shipping christens new shallow-draught gas tanker Gareth Havelock Go to baird maritime
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Purus joins LNG bunker rush with Shell-backed newbuild pair
Purus joins LNG bunker rush with Shell-backed newbuild pair Purus Marine has ordered two LNG bunker vessels in China, marking its entry into the rapidly expanding market. The Singapore-based outfit, with over 70 ships across clean energy and offshore segments, will see the 18,900 cu m dual-fuel newbuilds constructed at Nantong CIMC Sinopacific Offshore &…
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Eni, YPF finalise Argentina LNG partnership using offshore units
Eni, YPF finalise Argentina LNG partnership using offshore units Reuters Go to baird maritime
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ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds
ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds ExxonMobil has moved to enter the LNG marine bunkering market with two purpose-built vessels, as it looks to expand its portfolio of lower-emission marine fuels. The US energy major will begin operations in 2027, deploying two LNG bunker ships — one chartered from Avenir LNG…
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US hits Iranian energy export network and Chinese import hub in sweeping sanctions move
US hits Iranian energy export network and Chinese import hub in sweeping sanctions move The US has imposed sweeping sanctions on a vast network tied to Iran’s oil and gas exports, blacklisting more than 50 individuals and entities and identifying more than 30 vessels linked to shipments of sanctioned crude and LPG — including one…
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Tanker News Roundup | October 10 – Russian LNG carrier submarine project, Korean chemical tanker order and more
Tanker News Roundup | October 10 – Russian LNG carrier submarine project, Korean chemical tanker order and more Baird Maritime Go to baird maritime
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Molgas takes full control of Titan Clean Fuels
Molgas takes full control of Titan Clean Fuels Molgas Energy Group has completed the full acquisition of Amsterdam-based Titan Energy Holding, parent company of Titan Clean Fuels, creating one of Europe’s largest integrated downstream LNG and bio-LNG players. The Madrid-headquartered company, backed by infrastructure investor InfraVia, said the transaction marks a key step in its…
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Sea trials completed for QatarEnergy’s newest LNG carrier
Sea trials completed for QatarEnergy’s newest LNG carrier Jens Karsten Go to baird maritime
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Asian spot LNG prices fall as weak demand meets high inventory levels
Asian spot LNG prices fall as weak demand meets high inventory levels Reuters Go to baird maritime
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China Merchants Energy Shipping welcomes new LNG carrier to fleet
China Merchants Energy Shipping welcomes new LNG carrier to fleet Gareth Havelock Go to baird maritime
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UNCTAD warns shipping is entering a period of fragile growth and mounting uncertainty
UNCTAD warns shipping is entering a period of fragile growth and mounting uncertainty Global shipping is entering a period of fragile growth, rising costs and mounting uncertainty, according to The Review of Maritime Transport 2025 released yesterday by UN Trade and Development (UNCTAD). After firm growth last year, seaborne trade is expected to stall in…
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Idan Ofer’s EPS moves on full CoolCo takeover
Idan Ofer’s EPS moves on full CoolCo takeover Israeli billionaire Idan Ofer is moving to take LNG carrier owner Cool Company (CoolCo) private through his investment arm EPS Ventures. EPS, which already controls nearly 60% of CoolCo, is in advanced talks to buy out the remaining shares at $9.65 each in cash. The offer values…
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Surging VLCC rates propel ClarkSea Index to two-year high
Surging VLCC rates propel ClarkSea Index to two-year high Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as of last Friday, 50% above the 10-year trend. VLCC rates leapt last…
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Strong supply, weak demand lead to stable Asian spot LNG prices
Strong supply, weak demand lead to stable Asian spot LNG prices Reuters Go to baird maritime
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Russia’s new budget measure aims to shield finances from sanctions and low oil prices
Russia’s new budget measure aims to shield finances from sanctions and low oil prices Reuters Go to baird maritime
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Petros Panagiotidis firms up second LPG swap between Toro and Robin
Petros Panagiotidis firms up second LPG swap between Toro and Robin Toro Corp has struck another related-party deal, selling one of its LPG carriers to an affiliate of chairman Petros Panagiotidis for $20m. The Nasdaq-listed owner is offloading the 2020-built, 4,700 cu m Dream Terrax to a subsidiary of Robin Energy, another Panagiotidis-controlled Nasdaq-listed vehicle.…
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New Fortress Energy inks long-term LNG supply deal with Puerto Rican Government
New Fortress Energy inks long-term LNG supply deal with Puerto Rican Government Gareth Havelock Go to baird maritime
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FACTBOX | US and Europe’s trade with Russia continues despite sanctions
FACTBOX | US and Europe’s trade with Russia continues despite sanctions Reuters Go to baird maritime
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LNG scrapping sets annual record
LNG scrapping sets annual record LNG carrier demolition sales have already reached an annual record with nearly 30% of the year still to go. Data from Clarksons Research show 0.8m dwt worth of LNG carriers have been sent for demolition this year as weak market conditions have led to several steam turbine units being disposed…
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Caravel and Celsius form LNG bunkering JV
Caravel and Celsius form LNG bunkering JV The Caravel Group and Celsius Tankers have formed a joint venture to co-own and operate a new fleet of LNG bunkering vessels. The joint venture has placed a firm order for two 20,000 cu m LNG bunker vessels at China Merchants Industry Holdings and China Merchants Heavy Industry…
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EIA says US crude oil production reached record high in June
EIA says US crude oil production reached record high in June Reuters Go to baird maritime
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MISC profit declines in Q2 2025 amid lower marine project revenue and contract expiries
MISC profit declines in Q2 2025 amid lower marine project revenue and contract expiries Gareth Havelock Go to baird maritime
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Northern Lights marks first CO2 storage offshore Norway
Northern Lights marks first CO2 storage offshore Norway Northern Lights JV has achieved a key milestone, injecting the first volumes of carbon dioxide into its offshore storage site in the Norwegian North Sea. The CO₂ was transported through a 100-km pipeline and injected into the Aurora reservoir, 2,600 m below the seabed. “Our ships, facilities…
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Capital Clean Energy Carriers seals boxship sale and gas carrier financing
Capital Clean Energy Carriers seals boxship sale and gas carrier financing Evangelos Marinakis-backed Capital Clean Energy Carriers (CCEC) has agreed the sale of one of its three neo-panamax containerships and lined up financing for its medium gas carrier (MGC) newbuilding programme. The Nasdaq-listed Greek owner has struck a deal to sell the 2022-built 13,312 teu…
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CMA CGM invests in US bio-LNG supplier
CMA CGM invests in US bio-LNG supplier French liner giant CMA CGM is making a strategic minority investment in US-based Vanguard Renewables through its energy fund PULSE, securing long-term access to volumes of renewable natural gas (RNG). Vanguard, which runs anaerobic digesters powered by farm and organic waste, will dedicate up to four projects to…
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TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders
TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders Two well-known names in LNG shipping have been linked to fresh orders at Samsung Heavy Industries, as newbuilding activity in the gas carrier segment shows signs of life. The South Korean yard confirmed this week it had secured contracts for six 174,000 cu m…