Search results for: LNG Shipping

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A list of search results

  • 3 November 2016

    Shipping consultancy Drewry believes that demand for LNG vessels in the long term could come under pressure if Asian buyers continue diverting contracted supply from the US to Europe and Latin America.

  • 26 April 2017

    Given the mounting pressure on freight rates and continuing fleet growth over the next two years, excess LNG tanker supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according to the shipping consultancy, Drewry. The consultancy maintains a bearish stance on the LNG shipping freight […]

  • 9 February 2016

    Earnings for liquefied natural gas shipping will stay under pressure this year as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, shipping consultancy Drewry said in a report. LNG vessel fleet growth is forecast to double in 2016 to 12%, compared to 6% in 2015. Meanwhile, as new sources of LNG supply […]

  • 27 August 2018

    LNG is one of the fastest growing shipping sectors which witnesses an ever increasing number of vessel orders.

  • 29 October 2015
    Project & Tenders, Vessels

    Saga LNG Shipping, a new LNG player backed by Landmark Capital, has signed an LNG shipbuilding contract with China Merchants Heavy Industry.

  • 25 February 2019
    Project & Tenders

    EPIK, a South Korean LNG project developer, signed a strategic partnership agreement with Hyundai LNG Shipping on FSRU collaboration. 

  • 30 January 2017

    LNG shipowners are bracing for another tough year as charter rates are expected to remain under pressure for the year 2017, the shipping consultancy, Drewry said in its report.

  • 1 June 2020
    Business developments & projects, Infrastructure, Vessels

    Singapore-based Saga LNG Shipping has secured a contract with India’s Venerable LNG for its midsize newbuilds.

  • 2 May 2016

    Earnings for LNG shipowners are expected to improve from 2018 onwards as the majority of U.S. facilities come online, according to the shipping consultancy Drewry.

  • 2 December 2015
    Project & Tenders, Vessels

    Wärtsilä has been contracted to supply the complete cargo handling system including the fuel system, as well as the main propulsion system for the LNG carrier being built for Singapore-based Saga LNG Shipping.

  • 24 June 2016

    Malaysian LNG shipper MISC, a unit of energy giant Petronas, said it has delivered 372 cargoes of the chilled fuel last year in a weak shipping market with low spot freight rates and an oversupply of LNG vessels. In 2015, MISC shipped 20.74 million tonnes of LNG for its customers, carving 8.3% of the total world […]

  • 30 April 2020
    Infrastructure, Vessels

    Saga LNG Shipping’s newbuild, the 45,000-cbm Saga Dawn has completed its maiden voyage on Wednesday.

  • 13 March 2019

    Saga LNG Shipping on Wednesday named its new liquefied natural gas carrier Saga Dawn at China Merchants Heavy Industry (Jiangsu) in Haimen, China.

  • 19 December 2019

    The ABS-classed Saga Dawn, the world’s first LNG carrier to be fitted with the cargo containment system based on IMO requirements for independent type A tanks, has been delivered to Saga LNG Shipping.

  • 20 February 2015

    The shipping rates to transport Liquefied Natural Gas have fallen to around USD 50,000 a day, the lowest in over four years, Bloomberg reports. The rates of shipping LNG are heading towards further decline, and are almost three times lower than in 2012, when daily rates surged to USD 140,000. Lower shipping rates are hurting shipowners, but are […]

  • 19 November 2018

    Singapore-based Saga LNG Shipping has received an approval in principle from China Classification Society (CCS) for an 80,000-cbm liquefied natural gas carrier. This ship includes a patented LNG tank system named LNT A-Box developed by LNT Marine and will have a shallow draft of nine meters. Saga LNG’s and LNT Marine’s chief David Wu told LNG […]

  • 13 March 2019
    Business & Finance

    Saga LNG Shipping named its new LNG carrier at CMHI Jiangsu shipyard on March 13, 2019.

  • 17 June 2019

    Singapore-based Saga LNG Shipping completed the gas trials for its new LNG carrier, Saga Dawn, on Sunday, June 16, at anchorage near Shanghai, China. The 45,000-cbm LNG carrier Saga Dawn cooled down one of its three cargo tanks and loaded approximately 2300 cubic meters of LNG at Shanghai LNG’s Wuhaogou terminal on May 26. The […]

  • 3 December 2019

    The Korean Register and Hyundai LNG Shipping signed a memorandum of understanding (MOU), to conduct joint research on the application, verification and development of Guidance for maritime cybersecurity systems. 

  • 26 February 2019
    Business & Finance

    EPIK entered a partnership deal with Hyundai LNG Shipping for the development of FSRU projects.

  • 29 January 2018
    Project & Tenders, Vessels

    Japanese shipper NYK Line signed a contract with EDF LNG Shipping, an EDF unit, to charter out a newly ordered liquefied natural gas (LNG) carrier.

  • 6 August 2015

    Monaco-based LNG shipper GasLog said its profit for the second quarter of this year rose to $16.7 million, as compared to $3.5 million in 2014. The company’s profit rose mainly due to “the increase in operating days and the increase in gain on swaps,” GasLog said on Thursday. Revenues were $104.4 million for the quarter […]