Spanish LNG terminal operator Enagas reported a 14.7 per cent rise in first-quarter profit as it saw no impact from the Covid-19 coronavirus pandemic. The company said net profit in the first quarter increased to 119 million euros ($128.8 million), up from 104 million euros in the same period a year
China’s Avic Dingheng shipyard has started building the seventh liquefied natural gas-powered vessel ordered by Sweden’s Gothia Tanker Alliance. The Chinese yard held a keel ceremony for the dual-fuelled product and chemical tanker on April 18, according to Swedish shipowner Furetank. Furetank is a
Spain’s imports of liquefied natural gas (LNG) jumped in March 2020.
French liquefied natural gas containment specialist GTT reported a 74 per cent rise in first-quarter revenue as new orders keep pouring in. GTT, which is about 40 per cent owned by French utility Engie, said its revenue reached 102.5 million euros ($111.2 million) in the first quarter of this year.
Belgian shipowner Exmar has made board changes following the death of its chairman Baron Phillippe Bodson. The LNG and LPG player said on Friday that Baron Phillippe Bodson, aged 75, had sadly passed away on 4 April following his 3-week fight against Covid-19 coronavirus. As part of the management c
There are three potential fuel pathways toward developing zero-emission vessels and decarbonizing the future of shipping, according to ABS. The US-based classification society just released the 2020 Setting the Course to Low-Carbon Shipping — Pathways to Sustainable Shipping outlook, which maps out
Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas-powered Aframax tanker from Japan’s Sumitomo Heavy Industries. The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. Lundqvist Rederierna did not reveal the p
Spanish shipping company Baleària wrapped up 2019 with turnover and EBITDA growth of 19 per cent.
Dutch gas and LNG carrier operator Anthony Veder and classification society Bureau Veritas have completed a pilot for “live remote class surveys” using a wearable device and augmented reality technology. The companies said in a statement that success of this pilot opens up the way for fully remote c
Greece-based LNG shipping company TMS Cardiff Gas said it has taken delivery of a brand new liquefied natural gas carrier. The tanker named Amberjack LNG was delivered to its charterer, one of the major gas companies, on Tuesday, according to TMS Cardiff Gas. Amberjack LNG is a sister vessel to LNG
BayWa Energy and Volkswagen Group’s logistic unit teamed up to launch the first liquefied natural gas filling station for trucks in the German city of Wolfsburg. The station, located nearby Volkswagen’s world headquarters, will also offer bio-LNG in the second phase of development. BayWa said in a s
Poland’s Grupa LOTOS signed an agreement with LOTOS Paliwa and Remontowa LNG Systems to build a pilot LNG station in Gdańsk-Osowa.
Russia’s largest independent natural gas producer Novatek boosted its production in the first quarter of this year while the company’s sales decreased. Novatek said Thursday that natural gas production rose by 2.2 percent year on year to 19.1 billion cubic metres. The Russian company’s production of
The European Union member states paid about 16.2 billion euros for the 108 billion cubic meters of liquefied natural gas they imported last year, according to the Commission’s latest gas market report. Last year’s LNG imports increased by a record 48 billion cubic meters or by 75 per cent when compa
