Category: Gas
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Tanker News Roundup | March 27 – Chinese ethane carrier delivery, US inland liquid cargo barges and more
Tanker News Roundup | March 27 – Chinese ethane carrier delivery, US inland liquid cargo barges and more Baird Maritime Go to baird maritime
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Shipowner blames captain’s negligence for LPG carrier grounding near Pattaya, Thailand
Shipowner blames captain’s negligence for LPG carrier grounding near Pattaya, Thailand Baird Maritime Go to baird maritime
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Canada’s first LNG export facility on track for mid-2025 start
Canada’s first LNG export facility on track for mid-2025 start Reuters Go to baird maritime
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Precious Shipping diversifies with Malaysian tanker venture
Precious Shipping diversifies with Malaysian tanker venture As fleet overhaul at Precious Shipping pushes ahead, the Thai dry bulk player has moved to expand its business to other shipping sectors. The Khalid Hashim-led listed owner said in a stock exchange filing that its Singapore subsidiary had struck a deal with Emstraits Navigation and Lianson Fleet,…
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Bulker owner Diana Shipping makes LPG move
Bulker owner Diana Shipping makes LPG move Greek bulker owner Diana Shipping has diversified into the gas shipping sector with an investment in a newly established joint venture, building two 7,500 cu m LPG carriers. The New York-listed company has signed up for 80% in the venture, called Ecogas Holding, which will see the two…
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FEATURE | How Ukraine’s gas infrastructure could be of interest to Trump
FEATURE | How Ukraine’s gas infrastructure could be of interest to Trump Reuters Go to baird maritime
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Taiwan seeks to invest in Alaska LNG project for energy security
Taiwan seeks to invest in Alaska LNG project for energy security Reuters Go to baird maritime
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Golar bags $1.2bn FLNG vessel refinancing
Golar bags $1.2bn FLNG vessel refinancing Tor Olav Trøim-backed floating liquefied natural gas (FLNG) specialist Golar LNG has struck a deal with a consortium of Chinese lessors which will see the refinancing of the existing debt on the FLNG Gimi vessel. The agreement, structured as a sale and leaseback is worth about $1.2bn and expected…
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Analysts forecast 2025 growth in India’s LPG imports to be slightly lower compared to previous year
Analysts forecast 2025 growth in India’s LPG imports to be slightly lower compared to previous year Baird Maritime Go to baird maritime
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Crowley begins transporting US-sourced LNG to Puerto Rico
Crowley begins transporting US-sourced LNG to Puerto Rico Baird Maritime Go to baird maritime
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Navigator wraps up ethylene carrier trio buy
Navigator wraps up ethylene carrier trio buy New York-listed Navigator Holdings has completed the final acquisition of three handysize ethylene carriers set to complement the recently expanded export terminal at Morgan’s Point in Texas. The company owns the Morgan’s Point ethylene export terminal in a 50-50 joint venture with Enterprise Products Partners. The operation was…
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Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears
Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears The first signs of a two-tier market are emerging in anticipation of Donald Trump’s likely penalisation of Chinese-built tonnage. Broker BRS is reporting Chinese-linked ships are now becoming “far less attractive” for long time charters due to the likelihood that,…
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Shipping in the crosshairs as trade uncertainty hits all-time high
Shipping in the crosshairs as trade uncertainty hits all-time high At no point since tracking began on the subject have global trade policies been more uncertain than right now, according to one index developed in the US. The Trade Policy Uncertainty (TPU) Index (see chart below) developed by four employees at the Federal Reserve Board…
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Trump’s trade war steps up a gear
Trump’s trade war steps up a gear US president Donald Trump’s new round of tariffs against his country’s top three trading partners has sparked retaliatory action, launching new trade conflicts. On Tuesday, Trump imposed 25% tariffs on Mexican and Canadian imports, as well as a 20% duty on Chinese goods. China responded in kind, imposing…
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Toro to become pure-play LPG carrier owner with tanker spin-off
Toro to become pure-play LPG carrier owner with tanker spin-off Nasdaq-listed owner Toro has initiated a process of separating its tanker and LPG businesses. The spinoff of Cyprus-based Castor Maritime with one tanker and four gas carriers spinning off the 2006-built handysize products carrier Wonder Mimosa into a newly formed subsidiary Robin Energy. The company…
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Small-scale Russian suppliers halt LNG exports as sanctions kick in
Small-scale Russian suppliers halt LNG exports as sanctions kick in Reuters Go to baird maritime
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Stena Bulk forms Nigerian tanker venture
Stena Bulk forms Nigerian tanker venture Swedish shipowner Stena Bulk has signed a deal with NNPC Shipping, part of oil producer Nigerian National Petroleum Corp and local integrated offshore support player Caverton Marine for a new tanker joint venture in Nigeria. The deal will create a new tanker operation serving Nigeria and West Africa’s regional…
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US targets Chinese ships and terminal investments
US targets Chinese ships and terminal investments The US is considering slapping huge fees on Chinese-built ships calling at its ports, while also clamping down on Chinese ownership of terminals on home soil. The United States Trade Representative (USTR) has finally outlined the ways it feels Washington DC can fight back against the dominance China…
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OPINION | Trump’s US LNG push to reshape Asia’s energy landscape
OPINION | Trump’s US LNG push to reshape Asia’s energy landscape Reuters Go to baird maritime
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SeaKapital signs for LNG bunker newbuilds
SeaKapital signs for LNG bunker newbuilds Hong Kong shipowner and leasing specialist SeaKapital Holdings has embarked on a newbuilding project in the LNG bunkering sector. The company, set up by two of Hong Kong’s well-known shipping names, Sabrina Chao (pictured) and Kenneth Lam, has contracted up to six vessels at Ningbo Xinle Shipbuilding in China.…
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Cheniere CEO looking to expand LNG exports under Trump
Cheniere CEO looking to expand LNG exports under Trump Reuters Go to baird maritime
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HMM enters due diligence to acquire SK Shipping
HMM enters due diligence to acquire SK Shipping Korean private equity firm Hahn & Co has selected the nation’s flag carrier, HMM, as the preferred bidder for the sale of a majority stake in SK Shipping. Due diligence is due to get underway through to the middle of next month. The deal faces one significant…
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India’s ONGC seeks partner for ethane tanker business
India’s ONGC seeks partner for ethane tanker business Reuters Go to baird maritime
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Chinese builder breaks ground on new gas carrier manufacturing base
Chinese builder breaks ground on new gas carrier manufacturing base Baird Maritime Go to baird maritime
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Sirius Shipping links up with Gasum for LNG bunker newbuild
Sirius Shipping links up with Gasum for LNG bunker newbuild Sweden’s Sirius Shipping has partnered up with Finnish state-owned energy company Gasum for a new bio-LNG bunker vessel.. The 7,800 cu m vessel, jointly owned between the two companies, will be built at RMK Marine yard in Istanbul, Turkey, for delivery into Gasum charter in…
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Diversification of Dutch gas supply key to avoiding geopolitical pressure, says local player
Diversification of Dutch gas supply key to avoiding geopolitical pressure, says local player According to the Netherlands-headquartered Traffic Family, the country needs to diversify its gas supply to boost energy security and decrease its susceptibility to geopolitical pressure. The post Diversification of Dutch gas supply key to avoiding geopolitical pressure, says local player appeared first…
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Golar exits LNG segment with sale of last remaining gas carrier
Golar exits LNG segment with sale of last remaining gas carrier Baird Maritime Go to baird maritime
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Golar sells last remaining LNG carrier
Golar sells last remaining LNG carrier Floating liquefied natural gas (FLNG) specialist Golar LNG has marked its exit from the LNG shipping business with the sale of its last remaining gas carrier. The Nasdaq-listed company is shipping out the 2003-built steam turbine LNG carrier, Golar Arctic, for $24m. The Tor Olav Trøim-backed company said the…
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Hanwha Ocean building LNG carriers for its shipowning arm
Hanwha Ocean building LNG carriers for its shipowning arm South Korean shipbuilder Hanwha Ocean has signed contracts to build two LNG carriers for its affiliate Hanwha Shipping. The Okpo-based yard formerly Daewoo Shipbuilding & Marine Engineering (DSME) is scheduled to deliver the vessels by the end of September 2027. Hanwha Shipping was formally launched by…
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Evalend tied to HD Hyundai Mipo LNG bunker newbuilds
Evalend tied to HD Hyundai Mipo LNG bunker newbuilds Greece’s Evalend Shipping has been linked to a newbuilding deal for four LNG bunkering vessels commissioned at the South Korean shipbuilder HD Hyundai Mipo. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the 18,000 cu m newbuilds booked at the yard in Ulsan…
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Equinor’s Northern Lights joint venture welcomes newest LCO2 carrier to homeport in Norway
Equinor’s Northern Lights joint venture welcomes newest LCO2 carrier to homeport in Norway Baird Maritime Go to baird maritime
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South Korea’s H-Line taps domestic yard for LNG bunker vessel
South Korea’s H-Line taps domestic yard for LNG bunker vessel South Korean owner H-Line Shipping has ordered an LNG bunkering vessel at domestic yard HJ Shipbuilding & Construction (HJSC). The contract covers an 18,000 cu m unit costing about KRW127bn ($87.6m) with no specified delivery date. H-Line’s fleet predominantly consists of capsize bulkers, but the…
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NYK and Yara link up for ammonia-fuelled gas carrier newbuild
NYK and Yara link up for ammonia-fuelled gas carrier newbuild Japanese shipping line Nippon Yusen Kaisha (NYK) has secured a charter deal from Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara for an ammonia-fuelled medium gas carrier. Described as the world’s first charter for such a vessel, the deal will see a…
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Steel and aluminium up next in Trump’s tariff campaign
Steel and aluminium up next in Trump’s tariff campaign China’s retaliatory tariffs on some American goods came into effect on Monday, while Donald Trump, the American president, vowed yesterday to impose a 25% tariff on all steel and aluminium imports into the US, with a full announcement to come today. “Any steel coming into the…
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MOL Group signs long-term charter for three VLECs to serve Thailand’s SCG Chemicals
MOL Group signs long-term charter for three VLECs to serve Thailand’s SCG Chemicals Baird Maritime Go to baird maritime
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OPINION |US risks losing long game in China LNG spat
OPINION |US risks losing long game in China LNG spat Reuters Go to baird maritime
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Total CEO: Venture Global rejected as LNG supplier over lack of trust
Total CEO: Venture Global rejected as LNG supplier over lack of trust Reuters Go to baird maritime
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Hoegh Evi to decide on ammonia-derived hydrogen project for Germany by year’s end
Hoegh Evi to decide on ammonia-derived hydrogen project for Germany by year’s end Reuters Go to baird maritime
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Beijing retaliates as Trump’s China tariffs kick in
Beijing retaliates as Trump’s China tariffs kick in Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world. Similar to the threats he made to Colombia a week prior, the American president yesterday put planned tariffs against Mexico and Canada on hold for 30 days, saying…
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LNG spot rates enter negative territory in the Atlantic
LNG spot rates enter negative territory in the Atlantic The dire start to the year for LNG carriers has hit new low benchmarks with some ship types now in negative territory in the Atlantic basin. Spark Commodities, which tracks LNG rates, is reporting 160,000 cu m TFDE vessels were assessed at minus $2,250 per day…
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Shipping set to be reshaped by Trump tariffs
Shipping set to be reshaped by Trump tariffs Global seaborne trade flows are set for choppy conditions in the wake of President Donald Trump’s decision on Saturday to levy 25% tariffs on imports from Canada and Mexico and 10% on goods from China starting tomorrow. For energy imports from Mexico and Canada, the tariff level has…
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Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC
Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte’s Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more…
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Shipping’s ultimate Year of the Snake fortune guide published today
Shipping’s ultimate Year of the Snake fortune guide published today The January issue of Splash Extra gives readers the ultimate guide to shipping prospects in the Year of the Snake. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, a weighted barometer…
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Seaspan’s newest LNG bunkering ship sails on delivery voyage
Seaspan’s newest LNG bunkering ship sails on delivery voyage Baird Maritime Go to baird maritime
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Economou’s TMS Group enters leasing deal for newest LNG carrier
Economou’s TMS Group enters leasing deal for newest LNG carrier Japan’s SBI Leasing Services has partnered with France’s BNP Paribas to arrange a leasing agreement with George Economou-led TMS Group for the newly built Athos LNG carrier. The vessel was completed in September last year at Samsung Heavy Industries in South Korea. The 174,000 cu…
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Lay-ups and scrapping mulled as LNG rates hit record lows
Lay-ups and scrapping mulled as LNG rates hit record lows Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out. Citing an “overwhelming oversupply” of units competing for limited employment opportunities, Clarksons Research noted in its latest weekly report, published on Friday, that…
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New report highlights shipping’s weak position within the global energy transition
New report highlights shipping’s weak position within the global energy transition A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with…
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Asyad Shipping charts Oman IPO course
Asyad Shipping charts Oman IPO course Oman’s state-controlled logistics giant Asyad Group has moved to sell shares in Asyad Shipping through an initial public offering. Crédit Agricole Corporate and Investment Bank and Société Générale have been appointed as joint bookrunners for the group, which plans to sell a stake of at least 20% in Asyad…
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Höegh Evi and SEFE partner on hydrogen supply chain development
Höegh Evi and SEFE partner on hydrogen supply chain development Norwegian marine infrastructure provider Höegh Evi has teamed up with Berlin-based Securing Energy for Europe (SEFE) to develop clean hydrogen supply chains for Germany and Europe. The company formerly known as Höegh LNG has signed a memorandum of understanding that will see the duo jointly…
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BP’s biggest project achieves ‘key milestone’ as FLNG gets first gas
BP’s biggest project achieves ‘key milestone’ as FLNG gets first gas With floating liquefied natural gas (FLNG) commissioning activities in full swing, BP has achieved another first at a gas development off the coasts of Mauritania and Senegal, which is said to be the biggest project in its portfolio and one of the deepest, most complex…
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Celsius seals Samsung Heavy LNG carrier order
Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered an additional 180,000 cu m LNG carrier at Samsung Heavy Industries. The newbuild will deliver in 2027 and enter into a long-term charter with a Japanese major. Celsius said its LNG carrier design will minimise CO2 emissions…
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Shipping readies to navigate new Trump era
Shipping readies to navigate new Trump era Today marks the end of the Joe Biden administration in the US, one of the most profitable four-year periods for shipping. With the return of Donald Trump to the White House, the shipping industry has many questions about what the future of global trade holds, some of which…
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Houthis maintain Israeli ban while allowing all other ships to pass
Houthis maintain Israeli ban while allowing all other ships to pass As the first phase of the ceasefire between Israel and Hamas came into effect yesterday, the Houthis of Yemen have provided an update on their Red Sea strategy. The Houthis said yesterday so long as the ceasefire remains in place, international merchant ships may…
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Houthi leader warns Israel to stick to ceasefire terms
Houthi leader warns Israel to stick to ceasefire terms The leader of Yemen’s Houthis, Abdul Malik al-Houthi, has said his group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached. The six-week phase one of the ceasefire…
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Saipem unveils platform construction milestone for Angola’s ‘pioneering’ gas project (Gallery)
Saipem unveils platform construction milestone for Angola’s ‘pioneering’ gas project (Gallery) Saipem has disclosed progress in bringing a jacket for an Angola-bound offshore platform to life. The platform, set to be used on a natural gas project in Africa, is perceived to be Angola’s first non-associated gas development. The post Saipem unveils platform construction milestone…
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MOL to develop green corridor linking Portugal and Northern Europe
MOL to develop green corridor linking Portugal and Northern Europe Japan’s largest shipowner Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with the producer of green chemicals and gases Madoqua Renewables. This green corridor project aims to establish a shipping route utilising…
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New LNG bunkering terminal begins operations in China’s Jiangxi province
New LNG bunkering terminal begins operations in China’s Jiangxi province Baird Maritime Go to baird maritime
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Monjasa brings in ADNOC L&S LNG carrier as FSU in Dubai
Monjasa brings in ADNOC L&S LNG carrier as FSU in Dubai Danish marine fuels supplier Monjasa is strengthening its LNG bunkering business in the United Arab Emirates by chartering a dedicated floating storage unit. The company, which recently completed UAE’s first LNG bunkering via NYK’s chartered-in 5,000 cu m Green Zeebrugge is now bringing in…
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COSCO seeks to defuse Pentagon spat
COSCO seeks to defuse Pentagon spat COSCO, the world’s largest shipping company, has sought to downplay news carried by Splash yesterday that it has been added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no specific penalties,…
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Navigator snaps up three ethylene carriers
Navigator snaps up three ethylene carriers New York-listed Navigator Holdings has agreed to buy three liquefied ethylene carriers complementing the recently expanded export terminal at Morgan’s Point in Texas. The world’s top player in the handysize LPG carrier segment is buying the German-built 17,000 cu m trio from an unnamed seller for $83.9m. The vessels…
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Singapore’s Singfar Group taps Chinese builder for new LNG bunkering ships
Singapore’s Singfar Group taps Chinese builder for new LNG bunkering ships Baird Maritime Go to baird maritime
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Who’s Who: Maritime Movements for November/December 2024
Who’s Who: Maritime Movements for November/December 2024 Baird Maritime Go to baird maritime
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Avance Gas completes delivery of eleventh LPG carrier to BW LPG
Avance Gas completes delivery of eleventh LPG carrier to BW LPG Baird Maritime Go to baird maritime
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First LNG produced at Cheniere’s Corpus Christi Stage 3 project
UPDATE 2-Cheniere produces first LNG at Corpus Christi Stage 3 project
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Singfar lines up LNG bunker newbuilds in China
Singfar lines up LNG bunker newbuilds in China Singfar Group is set to expand its fleet with up to four LNG bunker vessel newbuilds. Newbuilding sources have linked the Singapore-based owner to a deal at CSSC Guangzhou Wenchong Shipbuilding for two 20,000 cu m units, with an option for an additional pair. No price tag…
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Deutsche Energy Terminal says Wilhelmshaven to offer LNG capacity from May
Germany’s DET says Wilhelmshaven to offer LNG capacity in May
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Monjasa makes LNG bunkering move in the UAE
Monjasa makes LNG bunkering move in the UAE Denmark-based bunker supplier Monjasa has brought in an LNG bunkering vessel on charter for deployment in the UAE. The company’s move into the LNG bunkering space has seen NYK’s 5,000 cu m Green Zeebrugge fixed for an undisclosed period in what Monjasa says was a response to…
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Knutsen LNG carrier to undergo FSU conversion for Honduras gas-to-power project
Knutsen LNG carrier to undergo FSU conversion for Honduras gas-to-power project Baird Maritime Go to baird maritime
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Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE
Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE China’s Fuzhou Wuyang Refined Oil Trading has contracted for two LNG bunker vessel newbuilds at compatriot Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The deal, with an undisclosed price tag, covers one firm 12,000 cu m LNG dual-fuel vessel for delivery in 2027 and…
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Dutch gov’t taking gas infrastructure into consideration for upcoming offshore wind tenders
Dutch gov’t taking gas infrastructure into consideration for upcoming offshore wind tenders The Nederwiek IB offshore wind site in the Netherlands, which was initially planned to […] The post Dutch gov’t taking gas infrastructure into consideration for upcoming offshore wind tenders appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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Kawasaki Heavy scales back hydrogen ambitions
Kawasaki Heavy scales back hydrogen ambitions Kawasaki Heavy Industries is ditching plans to source hydrogen from Australian brown coal, due to delays in construction approvals. Kawasaki Heavy will now source hydrogen on home soil in Japan, and will focus on smaller hydrogen carriers than originally envisaged. Kawasaki Heavy, which has been operating the world’s first liquified…
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Fishing boat sinks following alleged hit-and-run off southern India
Fishing boat sinks following alleged hit-and-run off southern India Baird Maritime Go to baird maritime
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Trelleborg Group acquires mooring equipment manufacturer
Trelleborg Group acquires mooring equipment manufacturer Baird Maritime Go to baird maritime
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QatarEnergy awards time charters for six LNG carriers
QatarEnergy awards time charters for six LNG carriers Baird Maritime Go to baird maritime
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Global trade set to hit record $33trn this year
Global trade set to hit record $33trn this year Global trade is on track to hit a record $33trn in 2024, according to the latest data from UNCTAD, the United Nations’ trade body. This 3.3% annual growth has been driven largely by a 7% rise in trade in services, contributing $500bn to the overall expansion.…
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QatarEnergy welcomes new LNG carrier to fleet
QatarEnergy welcomes new LNG carrier to fleet Baird Maritime Go to baird maritime
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Three-tank LNG carrier design secures Lloyd’s Register approval in principle
Three-tank LNG carrier design secures Lloyd’s Register approval in principle Baird Maritime Go to baird maritime
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Nicolas Saverys in second attempt to take Exmar private
Nicolas Saverys in second attempt to take Exmar private Belgian shipowner Nicolas Saverys is planning to launch another voluntary and conditional public takeover bid for all shares in gas shipowner and infrastructure provider Exmar. Saverys’ investment vehicle Saverex would offer €11.5 in cash for each share it does not already own, a premium of 38.6%…
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Tanker News Roundup | December 3 – CO2 carriers for Denmark and Norway, inland LNG bunkering ship and more
Tanker News Roundup | December 3 – CO2 carriers for Denmark and Norway, inland LNG bunkering ship and more Baird Maritime Go to baird maritime
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Danish-Norwegian partnership to develop ammonia-fuelled gas carriers
Danish-Norwegian partnership to develop ammonia-fuelled gas carriers Baird Maritime Go to baird maritime
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Avance Gas says goodbye as Exmar swoops for last four newbuilds
Avance Gas says goodbye as Exmar swoops for last four newbuilds John Fredriksen-controlled Avance Gas is to be wound up as it sells its last four ships under construction to Exmar. Avance Gas had sold the majority of its fleet to BW Group earlier this year. It has now found a buyer for four mid-sized…
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Shipping toasts best year for tonne-mile growth since 2010
Shipping toasts best year for tonne-mile growth since 2010 The Red Sea shipping crisis – and to a smaller extent, the drought in Panama – have led to the strongest growth in tonne-miles registered this year since 2010, helping prop up rates to highly profitable levels for most shipping sectors. According to data from Clarksons…
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Exmar launches new gas carrier operating division
Exmar launches new gas carrier operating division Baird Maritime Go to baird maritime
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Flex LNG to seek new play for redelivering vessel as charterer opts out
Flex LNG to seek new play for redelivering vessel as charterer opts out Flex LNG will have one of its ships open for hire late in the first quarter of 2025 after its current charterer decided not to use the option to extend the charter. The Oslo- and New York-listed company said in its quarterly…
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Shipyards advance designs as CO2 shipping gains oxygen
Shipyards advance designs as CO2 shipping gains oxygen A purple-hulled vessel, sporting a rotor sail, has been criss-crossing the Yellow Sea in recent weeks carrying out landmark sea trials. The Northern Pioneer is the first is a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at Dalian Shipbuilding Industry Co (DSIC)…
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Blue Visby trials cut emissions on Marubeni’s LPG trades by nearly 30%
Blue Visby trials cut emissions on Marubeni’s LPG trades by nearly 30% The Blue Visby cross-industry project aimed at reducing shipping’s greenhouse gas emissions by tackling the sail fast, then wait practice has completed another series of prototype trials, delivering average savings of about 29%. The trials involved 16 LPG carriers under charter by Marubeni…
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The shipping consequences of Mr Trump
The shipping consequences of Mr Trump Splash’s lead columnist has been forced out of silence by the results in America. I have on my wrist a wristwatch made in the year of my birth -1952. It was made in two stages – the movement was made in Le Locle, in Switzerland, by the firm of…
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Höegh Evi moves to develop French hydrogen import terminal
Höegh Evi moves to develop French hydrogen import terminal Norway’s Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas…
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Egypt reveals $6bn revenue hit as Houthis vow to up campaign against shipping
The Houthis vowed Sunday to keep up their attacks on merchant shipping likely to the consternation of politicians further north along the Red Sea in Egypt. Egypt’s foreign minister Badr Abdel Aati revealed in discussions with International Maritime Organization secretary-general Arsenio Dominguez on Friday that the Egyptian economy has taken a $6bn hit from the…
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K Line inks LNG carrier order at Samsung Heavy
Kawasaki Kisen Kaisha (K Line) has been identified as the owner behind an order for a single LNG carrier at South Korean shipbuilder Samsung. Brokers have tied Japan’s third largest shipping company to a 174,000 cu m unit delivering by June 2027 at about $259m. Samsung has ordered LNG carriers at the Geoje-based shipyard before,…
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New Jiangzhou Shipyard seals debut ethylene carrier order
China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry has entered the gas carrier shipbuilding segment in a deal with a domestic owner. The restructured builder, formerly known as Jiangzhou Union Shipbuilding, has been contracted by gas shipowner Shenzhen Haihong Shipping for a single 7,000 cu m ethylene carrier. The builder, which has seen several orders coming…
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Latest ABS report outlines potential of nuclear technology on LNG carriers