Hyundai Heavy, LR Eye LNG-fueled Future
Hyundai Heavy Industry (HHI) Group, with the support of Lloyd's Register (LR), is responding to the increasing interest in the development of the global supply of liquefied natural gas (LNG), following the introduction of the International Maritime Organization’s (IMO) NOx and SOx emission limitations, by being at the forefront of developing innovative ship designs. This month Hyundai Mipo Dockyard (HMD)…
Donnelly Elected as FFABA Tanker Chairman
Pat Donnelly, of Braemar ACM-GFI, has been elected as Chairman of the Tanker FFA Brokers Association. He replaces Ben Courtney of ICAP Energy who has chaired the group, which represents the worldwide community of tanker Forward Freight Agreement (FFA) brokers, since 2016. Founded in 1997, the FFABA is the worldwide association for Forward Freight Agreement broking firms. Working with the Baltic Exchange…
China's LNG Woes Boost Coal, But for How Long?
A sure sign that China is struggling with its planned switch to natural gas from coal for winter heating is the spot price of Australian coal climbing back above $100 a tonne.
Force Majeure Declared on Some North Sea Liftings
Pipeline shut on Dec. 11; repair work could last several weeks. Deliveries of crude oil through the Forties pipeline in the North Sea are under force majeure for…
First Vessel Heads for MD's Cove Point LNG
The first liquefied natural gas vessel, the Maran Gas Delphi, was headed Thursday for Dominion Energy Inc's Cove Point LNG export facility in Maryland, a Reuters interactive map showed…
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