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Tellurian to Start Building Louisiana LNG Export Terminal in 2019
U.S. liquefied natural gas company Tellurian Inc said on Wednesday it remains on track to begin construction of its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Tellurian President and CEO Meg Gentle said in the company's second-quarter earnings release that Tellurian is on schedule to announce its partners in the Driftwood project in the third or…
MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds
Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market.
Braemar Shipping Services Adds New LNGC 'LNG Schneeweisschen'
Braemar Shipping Services announced the successful delivery of the 180,000m3 Liquid Natural Gas Carrier (LNGC) called “LNG Schneeweisschen” from Daewoo Shipbuilding & Marine Engineering (DSME)…
Petronas Delivers First LNG Cargo to Hokkaido Electric
Malaysian state-owned oilcompany Petroliam Nasional Bhd (Petronas) through its subsidiary, Malaysia LNG (MLNG) delivered its first liquefied natural gas (LNG) cargo…
Höegh LNG Secures Debt Financing for 9th FSRU
Norway's floating storage and regasification unit (FSRU) giant Höegh LNG said it has secured a USD 177 million debt financing for its FSRU delivery unit number 9.
Hapag-Lloyd on 2020 Low Sulphur Fuel
LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020.These regulations are the biggest of a series of steps by…
Chinese Tariffs on LNG, Oil May Threaten US Energy Dominance
China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess.China included LNG for the first time in its list of proposed tariffs on Friday, the same day that its biggest U.S. crude oil buyer, Sinopec, suspended U.S. crude oil imports due to the dispute…
Croatia Extends LNG Terminal Gas Bidding Deadline
A deadline for bids on output from a planned offshore liquefied natural gas (LNG) terminal to be built on Croatia's northern Adriatic island of Krk has been extended until Sept.
NYK Line and Partners Set Up Second LNG Bunkering Project
NYK Line has signed a memorandum of understanding with Kyushu Electric Power, Saibu Gas, and The Chugoku Electric Power for joint discussions on the commercialization…
Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries
Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021…
Harvey Gulf Announces New BoD
Harvey Gulf International Marine’s parent, HGIM Corp., has announced the appointment of a new Board of Directors to serve following the company’s emergence from…
Teekay Speeds up ARC7 LNG Tanker Delivery
Teekay LNG Partners, part of the Teekay Corp group of companies, said on Thursday it had been asked to accelerate the delivery of an LNG tanker with Arctic credentials…
Bad Weather Stalls Bangladesh FSRU Hook Up
A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations "within a week" after bad weather hampered its start-up, an official said on Thursday.The floating storage and regasification unit (FSRU) will allow Bangladesh to import LNG for the first time as its domestic gas production falls and will…
Port of Amsterdam Doubles Discount for Green Ships
Port of Amsterdam said the maximum Environmental Ship Index (ESI) discount is doubled for ships with ESI certificates and liquefied natural gas (LNG).For some years…
MOL Takes Delivery of LNG Schneeweisschen
Mitsui O.S.K. Lines (MOL) announced that the LNG carrier, LNG Schneeweisschen, jointly ordered by MOL and Itochu Corporation was delivered on July 31st at the Okpo…
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Significant moments in naval architecture & marine engineeringCMA CGM announced in November 2017 that its nine new 22,000 TEU containerships would be equipped with engines fueled by liquefied natural gas (LNG), an industry first. The series' first two vessels are currently being built in China for expected delivery in 2019.The October 2018 edition of Maritime Reporter & Engineering News, the world’s largest audited circulation maritime magazine serving the maritime b2b space…
LNG Trade to Grow by 11% in 2018 -Clarksons
The liquefied natural gas (LNG) trade is expected to achieve further growth of 11 percent for 2018, according to a recent report from Clarksons Research. The forecast comes on the heels 2017's 9 percent growth to 929mt. By comparison, the LNG trade averaged 0.3 percent growth from 2012 to 2015.“Global trade in LNG has moved into a strong growth phase, with a 9 percent increase in 2017 expected to be followed by further growth of 11 percent in 2018…
LNG Carrier Completes Record Arctic Transit
An icebreaking liquefied natural gas (LNG) carrier has completed a record journey through the Northern Sea Route (NSR) in the Arctic.The Christophe de Margerie owned and operated by Sovcomflot (SCF Group) covered the distance of 2,360 nautical miles eastward through the NSR, from the port of Sabetta (Yamal Peninsula) to Cape Dezhnev (the Bering Strait), in seven days and 17 hours, a new record time for a merchant ship without icebreaker support during the month of July.
Trump Bets on New European LNG Terminals
U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's…
Kalleklev Takes Over as CEO of FLEX LNG
Liquefied natural gas (LNG) carrier owner and operator FLEX LNG has appointed Øystein M. Kalleklev as Chief Executive Officer to replace Jonathon Cook, who resigned in May.Kalleklevm…