The boss of Norwegian floating LNG player Hoegh, Sveinung Stohle, will take over as chief executive for the firm’s New York-listed limited partnership as part of a management reshuffle. Under the move, Hoegh’s finance chief Havard Furu, will also become the partnership’s CFO. To remind, this follows
Chile has received its first cargo of liquefied natural gas from Australia, according to the energy consultancy EnergyQuest. The 173,400-cbm Sevilla Knutsen loaded the cargo at Shell’s Queensland Curtis LNG terminal in Gladstone late July. Following a 24-day voyage of over 13,500 nautical miles, the
Norway-based Flex LNG logged a net loss of $6.7 million in the second quarter as the Covid-19 pandemic continues to affect the shipping market. The net loss grew when compared to $3.9 million last year but shrank looking at the previous quarter when the firm logged a $14.9 million loss. Vessel opera
China’s Hudong-Zhonghua held on Wednesday a naming ceremony for the third Yamal LNG vessel owned by a joint venture consisting of compatriot Cosco Shipping and Japan’s Mitsui O.S.K. Lines. The owners will take delivery of the 174,000-cbm LNG Phecda by the end of this month. To remind, Hudong recentl
US company NextDecade has received approval from federal regulators to ditch one train from its proposed Rio Grande LNG export plant in Texas. The original design for Rio Grande LNG included six trains each capable of producing 4.5 million tonnes per year. However, NextDecade announced in July it wo
Norwegian offshore shipping company Island Offshore has awarded a contract to Kongsberg Maritime to supply turnkey hybrid battery solutions for three of its platform supply vessels.
India’s biggest LNG importer Petronet reported a drop in net profit due to lower demand in the country caused by the Covid-19 lockdown. Net profit after tax stood at 5.2 billion rupees ($69.5 million) in the first quarter of the 2020-21 fiscal, compared to 5.6 billion rupees last year. Revenues drop
South Korea’s Samsung Heavy Industries held a naming ceremony for three LNG-powered shuttle tankers being built for Altera Infrastructure, previously known as Teekay Offshore. The vessels in question are the 130,000 dwt Current Spirit, and the 103,000 dwt Altera Wave and Altera Wind. Due to Covid-19
Plaquemines Port Harbor and Terminal District (PPHTD) recently signed a letter of intent (LOI) with “several potential partners” to develop a multimodal container terminal in Plaquemines Parish, Louisiana.
Australia’s Viva Energy aims to start front-end engineering and design work on a planned LNG import terminal at its Geelong refinery by the end of this year. The downstream player announced earlier this year it plans to build the LNG import facility that includes installing an FSRU as part of its Ge
Australia’s oldest LNG plant at Karratha, part of the Woodside-led North West Shelf project, is to get natural gas from an onshore field in the Perth Basin under a new deal revealed on Monday. The Karratha plant has been liquefying gas from fields located off the north-west coast of Australia for mo
China’s Hudong-Zhonghua Shipbuilding has held a keel laying ceremony for the second LNG bunkering vessel owned by Japan’s MOL and chartered by France-based Total. The unit of China State Shipbuilding Corporation says it held the ceremony on August 12. Hudong started work on the LNG bunkering ship la
Croatia’s first FSRU will depart the Hudong-Zhonghua yard in China to its base on the island of Krk in the northern Adriatic Sea late September, according to the vessel owner Golar LNG. Golar, led by Norwegian businessman Tor Olav Troim, won a deal last year to provide its 2005-built 140,205-cbm ves
Malaysia’s MISC reported a drop in net profit in the second quarter due to the effects related to the Covid-19 pandemic, but the company’s LNG business keeps rising. MISC’s 299.5 million ringgit ($71.3 million)net profit declined 25 percent year-on-year. The shipping giant attributed the decline mai
