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World LNG Trade To Grow Steadily
World trade in Liquefied Natural Gas (LNG) will grow at an annual rate of seven to eight percent over the next 10 years, a senior BP Amoco Plc executive said last week.
MISC To Raise $600M To Buy Ships
Malaysia International Shipping Corp (MISC) will raise about $600 million in global bonds by mid-2001 to partly fund the purchase of four ships worth some $1 billion.
Hyundai Gets LNG Contract
Nigeria Liquefied Natural Gas (NLNG) said it had awarded a contract for the building of an LNG carrier to Hyundai Heavy Industries of Korea. The company said the…
Exmar, Mitsui OSK Team To Buy LNG Tankers
Exmar Group has set up a joint venture with Japan's Mitsui OSK Lines to buy two tankers to transport liquified natural gas (LNG). "It's basically 50/50," Exmar Director Rodney Hyne Jones, said.
Unitor Wins LNG, LPG Contracts
Unitor won contracts from Hyundai Heavy Industries Co. Ltd., worth approximately $5.65m for specialized insulation systems for LNG and LPG carriers under construction at this South Korean shipyard.
Gas Ship Design Challenges
Sophisticated they may be, but the designs of today's LNG, LPG and ethylene carriers are in reality based on the simple parameters of the ideal gas laws governing the relationships between pressure…
Bintulu Port Holdings To Offer New Shares
Malaysia's Bintulu Port Holdings, which runs the nation's largest LNG port, plans to offer 100 million new shares to raise at least 400 million ringgit ($105.2 million) under its IPO.
RINA Study Proves LNG Floating Storage Viable
Italian classification society, RINA, has concluded a major study that demonstrates that floating storage terminals for LNG are both feasible and economically viable.
Petronet To Seek Fresh Shipping Bids
India's Petronet LNG will seek fresh price bids from the four consortia left in the race for a contract to ship liquefied natural gas (LNG) from Qatar to a terminal at west coast Dahej.
Mariners Learn Get LNG Handling Experience At MSI
Maneuvering trials and Shiphandling training for Guayanilla, Puerto Rico Masters, Pilots and tug Masters were conducted at MarineSafety International's Newport Simulator…
Mariners Get LNG Handling Experience At MSI
Maneuvering trials and Shiphandling training for Guayanilla, Puerto Rico Masters, Pilots and tug Masters were conducted at MarineSafety International's Newport Simulator…
Daewoo Plans To Pay Debt Early
The shipbuilding unit of South Korea's troubled Daewoo Group expects a net profit and more profitable orders in 2001 as it charts a new, independent course. Daewoo Shipbuilding & Engineering Co…
Osprey Maritime Sells 10 Ships
Osprey Maritime Ltd. agreed to sell 10 product tankers to Greek shipping company Stelmar Shipping Ltd. for $216 million. Osprey said that this is in line with its…
S. Korean Shipyards Seek To Boost Profitability
After raking in almost 40 percent of global orders in 2000, South Korean shipyards plan to focus on boosting profit margins this year by being more selective in picking up orders…
Korean Shipbuilder See Capacity Shortage
An executive at South Korea’s Hyundai Heavy Industries, the world’s top-ranked shipbuilder, said on Tuesday there was a global capacity shortage in shipbuilding…
Japanese-Chartered Tanker Is Free To Leave
The Indonesian Supreme Court has ruled that a Japanese-charted oil tanker, held up by a local dispute, can leave the country but when was unclear, an official with the oil company involved said.
Shell Setback Likely to Delay Egyptian Exploration Licensing
Oil major Royal/Dutch Shell's unsuccessful start in Egypt's deepwater drilling is likely to set back Egyptian licensing exploration bids even further, according to industry sources.
AlaskaLNG.com Available Soon
ALASKALNG.COM. site, will focus on the Alaska LNG (Liquefied Natural Gas) trades, updates on legislation affecting the construction of a new warm water LNG export…
World Shipbuilding to Fall Slightly
Last year was an active one for the international shipbuilding market. Although the order intake was significantly reduced from the order boom of the previous year…
Thor-Lube Bearing Receives Orders
Thordon Bearings Inc. of Canada recently received orders for environmentally friendly Thor-Lube sealed stern tube bearing systems for three LNG carrier newbuild projects in Korea and Japan.