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MOL LNG Carrier Rescues Castaway
Japanese shipowner Mitsui O.S.K. Lines (MOL) said that its liquefied natural gas (LNG) carrier 'Energy Advance' rescued a castaway in the Pacific Ocean about 970km…
TMC Supplies Air Systems to Tersan Shipyard
Oslo-based TMC Compressors of the Seas (TMC) has signed a deal to deliver its energy efficient marine compressed air systems to two new cruise vessels Tersan Shipyard…
Qatar Ships 3,000th LNG Cargo To Japan
Qatari liquefied natural gas (LNG) company Qatargas has set another milestone as it successfully delivered the 3,000th LNG cargo to Japan.The cargo was transported onboard Al Jasra…
AIDA Orders 2 More LNG-Fueled Ships
AIDA Cruises, the German brand of Carnival Corporation & plc, informed that it is planning to commission two more LNG-powered ships with low-emission propulsion…
IEA: U.S., China to the LNG Lead by 2024
The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024, dislodging current market leaders Australia and Qatar, Jean-Baptiste Dubreuil, senior natural gas analyst at IEA…
IMO2020: The Rise of Bulk Liquid Hydrogen in Norway
Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry.
BHP to Order LNG-Fueled Bulker
International mining company BHP BHP floated a bulk carrier tender for LNG-fueled transport for up to 27 million tonnes of its iron ore.The Melbourne-based resource…
US Gulf Production Restarting After Barry
U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S. Bureau of…
ABS, MOL in Landmark Gas Carrier Pact
ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.ABS will provide plan review, survey, inspection and other classification services for vessels…
LNG Lucrative for PCTC Newbuilds
A recently released study confirms that liquefied natural gas (LNG) as a marine fuel is the most financially effective for Pure Car and Truck Carriers (PCTC) on…
LNG Project Sanctions Set Records in 2019
Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A…
Höegh LNG Wins FSRU Deal with Cheniere
Norway-based floating LNG giant Höegh LNG has signed a time charter contract for a floating storage and regasification unit (FSRU) Höegh Galleon with Cheniere Marketing…
Pieridae Mulls Extensions with Uniper
Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial…
H-Line Orders LNG bulkers at Samho
Hyundai Samho Heavy Industries Co (HSHI), the Korea supplier of ship, tanker ship, bulk carriers ship, container ship, LNG ship, said it has clinched a deal to build…
HMD Wins $138mln Order for 2 Car Carriers
South Korea-based company engaged in the production and sale of ships, Hyundai Mipo Dockyard Co (HMD) has won a 163 billion-won (US$138 million) order to build two…
SHI Bags $125mln Order for 2 Crude Carriers
South Korean shipbuilder Samsung Heavy Industries Co (SHI) said that it has clinched a deal worth 147 billion won (US$124 million) to build two crude carriers.According…
LNG Bunkering Market to Reach $12bn by 2024
The global LNG bunkering market was valued at approximately USD 397.70 million in 2017 and is expected to generate revenue of around USD 11899.60 million by the end of 2024…
PROPULSION TECH: How to Get to Hybridization
Hybridization in the marine world is transitioning from the latest fad to a key part of vessel design and retrofits. Driven in part by a demand for increased efficiency and new waves of global legislation, hybridizing or electrifying a vessel is quickly becoming necessary for organizations. In fact, the International Maritime Organization (IMO) rules and guidelines for the marine industry call for reduced emissions globally…
Novatek Signs LNG Equipment Deal
The Russian natural-gas company Novatek and Atomenergomash, a mechanical engineering division of the Rosatom State Corporation, have signed a memorandum on strategic…
TEN Fixes Suezmax Tanker with a EU Firm
Greek tanker owner Tsakos Energy Navigation (TEN) announced an up to 36-month charter to a major European oil concern, for a suezmax tanker.The crude tanker is currently…