Japanese shipping major Mitsui O.S.K. Lines (MOL) has devised a plan comprising defensive measures the company should take in order to reduce market exposure and reexamine investment activities in response to the coronavirus pandemic’s impact. In order to be able to chart its path forward, MOL had t
US LNG export project developer Tellurian said Tuesday it named its co-founder Charif Souki as executive chairman. Souki has been Tellurian’s non-executive chairman since founding the company in February 2016. Tellurian has recently delayed a final investment decision on its Driftwood LNG project to
US floating LNG player Excelerate Energy has recently taken delivery of its tenth floating storage and regasification unit from South Korea’s Daewoo Shipbuilding and Marine Engineering. Excelerate Sequoia has a storage capacity of 173,400 cubic meters and is capable of operating both as an FSRU and
LNG giant Shell is not expecting to restart production at its Prelude FLNG facility offshore Western Australia before July. Shell hasn’t exported any cargoes from the FLNG for almost five months following an electrical trip on February 2. “Start-up timing will depend on Covid-19 constraints and comp
PSA Marine (Pte) Ltd has partnered up with Bureau Veritas Marine Singapore and Maritime and Port Authority of Singapore (MPA) in a project that involved conducting a remote marine survey for PSA Aspen, an LNG dual-fuel PSA Marine harbour tug. The project marks the first time a harbour tug registered
GasLog has sold 14,400,000 common shares for total gross proceeds of $36.0 million through a private placement shares.
South Korea’s shipbuilder Hyundai Mipo is continuing works on Knutsen’s small-scale LNG carrier and it has recently installed the third tank onboard the 30,000-cbm vessel. The newbuild will be one of the world’s first small and medium-scale LNG carriers to feature C-type bi-lobe cargo tanks. Hyundai
Hamburg based LNG supplier Nauticor, a unit of the Nordic energy company Gasum, has conducted the initial ship-to-ship LNG bunkering operation for the newbuild cruise ship Iona.
The United States saw its exports of liquefied natural gas slip during the month of April.
LNG giant Shell said it recently signed a deal to supply carbon-neutral liquefied natural gas cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation. Hague-based Shell said on Monday that these shipments will be the first carbon-neutral LNG cargoes to Chinese Mainland.
France’s Marseille Fos port is boosting the use of liquefied natural gas as fuel as it aims to position itself as an LNG bunkering hub for the Mediterranean. The port said in a statement it hosted another ship-to-ship LNG bunkering operation last week following the first such operation in early May.
Venture Global LNG’s Calcasieu Pass project is pushing forward with construction and it received last week the first liquefaction equipment at its site in Cameron Parish, Louisiana. Venture Global said in a statement it started setting in place two brazed aluminum heat exchangers, also known as cold
In June 2020, Myanmar became the newest country to begin imports of liquefied natural gas (LNG).
French shipping company Brittany Ferries and compatriot semi-public company Somanor SAS have confirmed the termination of the construction contract for an LNG-powered ferry with Germany’s Flensburger Schiffbau-Gesellschaft (FSG) shipyard.
