MarineLink News Search
Search term • LNG
Russia's VTB to buy Zvezda Shipbuilding yard from Rosneft
Russia's second largest lender VTB will acquire the Zvezda shipbuilding yard from oil company Rosneft but the deal is still in its early stages, VTB CEO Andrei Kostin told Reuters.VTB is currently running Russia's United Shipbuilding Corporation (USC), Russia's largest shipbuilder, which operates about 40 shipyards, design offices and repair yards across Russia, employing 95,000 staff."The deal is at the very beginning. There are basic agreements.
Panama Canal's Big Plans to Address Drought
The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate.Tres Hermanas, with its farms, two schools, churches and a medical clinic, is one of dozens of towns that…
27 New Alternative-Fueled Vessel Orders in November, DNV Finds
The latest figures from DNV’s Alternative Fuels Insight (AFI) platform have confirmed that a total of 27 new orders for alternative fueled vessels have been placed in November 2024.According to DNV’s AFI platform, LNG continues to be the main driver, accounting for 23 vessels, with most of these (15) coming from the container segment.November 2024 has also been a strong month for the car carrier segment…
ABL Wraps Up Work for FSRU Toscana Project in Italy
Energy and marine consultancy ABL has completed its scope of work as marine warranty surveyor (MWS) to support the successful transport and re-installation of the floating storage and regasification unit (FSRU) Toscana, off the coast of Livorno in Italy.ABL was appointed on this project by OLT Offshore LNG Toscana, the owner of FSRU Toscana.In mid-April 2024, the FSRU Toscana was successfully towed with the support of two tugs…
SHI Delivers New NYK LNG Vessel
NYK Line has taken delivery of the Samsung Heavy Industries (SHI)-built liquefied natural gas (LNG) carrier, named Quest Kirishima.The LNG carrier was completed and delivered at the SHI Geoje Shipyard on December 2, 2024.The vessel, Quest Kirishima, will be deployed under a time-charter contract with Q United Energy Supply & Trading, a wholly owned subsidiary of Kyushu Electric Power.Quest Kirishima’s membrane-type cargo tanks have a 174…
GAIL Pens Long-Term Charter with “K” Line for LNG Ship
GAIL (India) has signed a long-term time charter contract with Kawasaki Kisen Kaisha (“K” Line) for a newbuild liquefied natural gas (LNG) ship.The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries.The contract was signed through GAIL’s ship-owning company established in Singapore.This is the first long-term time…
Maersk Eyes 15-20% Alternative Fuels to Power its Fleet In 2030
Alternative fuels could account for up to a fifth of A.P. Moller-Maersk's marine fuel consumption in 2030 as part of its goal to reach net zero by 2040, a senior company executive said on Thursday.The container shipping giant typically consumes between 10 and 11 million metric tons of fuel oil equivalent per year, of which 3% were alternative fuels last year, Emma Mazhari, vice president, head of energy markets…
Cheniere gets FERC OK for Corpus Christi LNG
Federal regulators on Wednesday gave Cheniere Energy permission to introduce natural gas into its Corpus Christi expansion project, a document showed.The Federal Energy Regulatory Commission (FERC) said Cheniere could introduce natural gas to its fuel gas and hot oil systems. The decision follows an October 17 order allowing Cheniere to take liquefied gas from the Stage 3 plant to its refrigerated…
Trump to Boost LNG Exports, Oil Drilling from Day 1
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans.The energy checklist largely reflects promises Trump made on the campaign trail…
Sallaum Lines Orders Six PCTC Vessels
Sallaum Lines has ordered six additional Pure Car and Truck Carrier (PCTC) vessels from China, two with Fujian Mawei Shipbuilding Co Ltd. (2 x 7,500 RT SDARI design) and four with China Merchants Jinling Shipyard (Nanjing) Co. Ltd. (4 x 7,400 RT Deltamarin design). Each vessel has a capacity ranging from 7,400 to 7,500 Car Equivalent Unit (CEU) Pure Car and Truck Carrier (PCTC) design. By incorporating dual-fuel LNG technology…
Woodside: LNG Market to Grow by 50% in Next Decade
Australia's Woodside Energy WDS.AX expects the global market for liquefied natural gas (LNG) to grow by 50% in the coming decade, its CEO said on Tuesday."Over the last decade the LNG market grew by 50%. We anticipate it will grow by another 50% in the coming decade," Meg O’Neill told the Energy Intelligence Forum in London.O'Neill said the company had received interest from a lot of onshore gas players…
Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans.The energy checklist largely reflects promises Trump made on the campaign trail…
All Freeport LNG Trains on Line Monday
All three liquefaction trains at Freeport LNG's export plant in Texas were expected to be back in service on Monday, according to preliminary data from financial firm LSEG.Freeport told environmental regulators that liquefaction Train 2 tripped while operating around midday on Nov. 22 due to an issue with a compressor system, resulting in an emissions event that lasted almost nine hours.That was the second train to shut at the plant in the past week. Liquefaction Train 3 shut on Nov.
HJSC Christens Pair of 7,700 TEU LNG Container Vessels
HJ Shipbuilding & Construction (HJSC) held a christening ceremony for two 7,700 TEU LNG dual-fuel (DF) container ships at its Yeongdo Shipyard in Busan last week, marking the company’s first LNG DF container ship construction.The event was attended by more than 100 guests, including Angeliki Frangou, Chairwoman of Navios Maritime Partners LP, Shunji Sasada, President of Navios, Kim Kyung-bae, President of HMM, Yoo Sang-cheol, CEO of HJSC, along with other officials.
ADNOC L&S Takes Delivery of First New-Build LNG Vessel
ADNOC Logistics and Services plc has taken delivery of Al Shelila, the first of six newbuild liquified natural gas (LNG) carriers from Jiangnan Shipyard in China. The vessel has been delivered two months ahead of schedule, with the remaining five expected to be delivered in 2025 and 2026. Immediately after delivery Al Shelila will go on hire with a top-tier, global energy trader.Al Shelila’s naming and delivery ceremony will be attended by His Excellency Muhannad Sulaiman Al Naqbi…
European LNG Imports, Prices Soar
Concerns that Europe is facing a natural gas supply crunch this winter are overblown, with the liquefied natural gas (LNG) market already stepping up to avoid any shortfall, albeit at higher prices.European natural gas prices climbed to the highest level in two years last week, with the benchmark front-month contract at the Dutch TTF hub reaching 49.03 euros per megawatt hour on Nov. 22, equivalent…
Oil and Gas Output Trended High Before and After Trump
President-elect Donald Trump's support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum.His campaign speeches included pledges to boost domestic oil and natural gas output and to remove mandates on electric vehicle production, but he has yet to publish many…
Container Shippers Mitigating Green Transition Risks with Dual-Fuel Vessel Orders
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and…
Germany Preps for More FSRU Vessels
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG). Plans also include shore-based regasification terminals and facilities to import and produce ammonia and hydrogen.STADEState-owned Deutsche Energy Terminal…
LNG Tankers Divert to Europe After Russia Halts Austrian Supplies
At least five cargoes of LNG have diverted from Asia to Europe in the past few days, drawn by higher gas prices on the continent after Russia's Gazprom halted supplies to Austria's OMV, data from analytics firm Kpler showed.On Saturday Gazprom halted supplies to top Austrian gas importer OMV after OMV threatened to impound some of the Russian state firm's gas as compensation for an arbitration it had won over a contractual dispute.Gazprom notified OMV of the planned halt on Friday…
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
Digitalization Driving Safety in the Maritime Sector
Video: LNG Carrier Transits the Northern Sea Route
Designer seeks permit to send out United States gas to Mexico for LNG exports
Crowley Christens LNG-Powered ConRo
Pasha Hawaii Brings LNG Containerships Online
Inside Crowley's Commitment Class ConRo Ships
Enhancing Gas Carrier Reporting and Reducing Crew Burden with ABS Wavesight Nautical Systems™ Voyage Manager
Maritime Reporter TV Interviews Leif Gross, Caterpillar
