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Flex LNG eyes ‘more attractive’ deal for Flex Constellation as current charter comes to an end
LNG

Flex LNG eyes ‘more attractive’ deal for Flex Constellation as current charter comes to an end

LNG shipping company Flex LNG will take redelivery of the 2019-built Flex Constellation as the carrier’s current charterer, a trading house, has decided not to exercise its extension option. Flex Constellation was fixed on a three-year time charter on May 17, 2021, with an option to extend the perio

about 2 years ago
KN takes over commercial management of four German LNG terminals
LNG
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KN takes over commercial management of four German LNG terminals

Lithuanian energy terminal operator Klaipedos Nafta (KN) has secured the public tender for the commercial management of four German liquefied natural gas (LNG) terminals on the North Sea coast. Specifically, the company has signed a contract with German state-owned Deutsche Energy Terminal (DET), wh

about 2 years ago
Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output
LNG

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new

about 2 years ago
LNG carrier
LNG

Axios II LNG carrier joins Capital Product Partners’ fleet

Capital Product Partners L.P. has taken delivery of the LNG Carrier Axios II as part of its umbrella deal covering the acquisition of 11 newbuild liquefied natural gas carriers. The vessel was built by Hyundai Heavy Industries and delivered in January 2024. The dual-fuelled LNG carrier is fitted wit

about 2 years ago
Avenir Accolade completes first LNG bunkering off Malaysia
LNG

Avenir LNG inks charter deals for two LNG bunkering vessels

UK-based small-scale LNG company Avenir LNG has executed time charter agreements for LNG bunkering vessels Avenir Advantage and Avenir Accolade. Future Horizon, a joint venture between Avenir and MISC, signed a new two-year time charter agreement for Avenir Advantage with PETCO Trading Labuan Compan

about 2 years ago
Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead
LNG

Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead

The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi

about 2 years ago
2023 in review: A transformative year for shipping and maritime
LNG

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago
Star of the Seas
LNG

Keel laid for Star of the Seas, Royal Caribbean’s next LNG-powered cruise ship

Finnish shipbuilder Meyer Turku has celebrated the end of 2023 with another big milestone — the hull assembly of Royal Caribbean International’s Star of the Seas has begun at the yard.

about 2 years ago
Mein Schiff Relax
LNG

Fincantieri lands €415 million green loan

Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R

about 2 years ago
CMA CGM Indianapolis
LNG

Jinling Weihai delivers early Christmas gift to EPS

China Merchants Jinling Shipyard (CMJL) Weihai, also known as Jinling Weihai, has delivered the 7,000-CEU LNG dual-fuel car carrier CMA CGM Indianapolis to Singapore-based ship management company Eastern Pacific Shipping (EPS). The shipbuilder said that the delivery took place 102 days ahead of sche

about 2 years ago
LNG carrier
LNG

Capital Product Partners seals $3.1 billion acquisition of 11 LNG carriers amid strategic transformation

After its recently announced pivot towards the LNG shipping sector, New York-listed shipowner Capital Product Partners L.P. has closed the umbrella agreement initiated last November, paving the way for the acquisition of 11 newbuild liquefied natural gas carrier vessels. As reported by Offshore Ener

about 2 years ago
Euronav
LNG

Performance Shipping inks construction deal for LNG-ready LR2 Aframax duo

Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April

about 2 years ago
Niedersachsen Ports
LNG

New Stade LNG jetty opens doors for independent energy supply in Germany

Only 330 days after starting construction, Germany’s seaport company Niedersachsen Ports has handed over a new landing pier for floating storage and regasification units (FSRUs) in Stade to operators.

about 2 years ago
Scale Gas orders 12,500 cbm LNG bunkering vessel
LNG

Scale Gas orders 12,500 cbm LNG bunkering vessel

Chinese shipbuilding mayor Nantong CIMC SOE has signed a contract for the construction of a 12,500 cbm LNG bunkering vessel with Enagás subsidiary Scale Gas. The vessel is set for delivery by 2026, the Clarksons Hellas Weekly Bulletin reports. The 12,500 cbm LNG bunkering vessel is designed to meet

about 2 years ago