Shell has recorded higher profits in 3Q 2022 on a year-on-year basis thanks to higher gas prices and increased volumes from deepwater assets.
Hamina liquefied natural gas (LNG) terminal, the first LNG import terminal in Finland connected to the transmission network, has received the first commercial LNG carrier. On 22 October, an LNG cargo ordered by the Estonian energy company Alexela from the Zeebrugge LNG terminal in Belgium arrived at
French LNG containment specialist GTT has received two approvals in principle (AiP) from classification societies DNV and Bureau Veritas (BV) for its three-tank LNG carrier design. According to GTT, the technological solution aims to increase the profitability and overall performance of the vessel.
Athens-based Capital Ship Management Corp. has welcomed into the fleet M/T ‘Alterego’, a second of two ammonia and LNG fuel-ready sister ships delivered in 2022. The 300,000 dwt, eco-type crude oil, scrubber-fitted VLCC tanker was built by Hyundai Samho Heavy Industries, South Korea. The first vesse
Switzerland-based engine developer WinGD has been selected to provide dual-fuel engines to power QatarEnergy’s LNG carrier newbuilds. WinGD’s latest generation of X72DF-2.1 engines will power 25 vessels as part of QatarEnergy’s North Field East (NFE) project, the biggest LNG carrier newbuilding proj
The government of the Federal Republic of Germany has signed a five-year contract with the US-based liquefied natural gas (LNG) company Excelerate Energy to charter the floating storage and regasification unit (FSRU) Excelsior. The government chartered the FSRU to help provide energy security and su
Seapeak, formerly known as Teekay LNG Partners, has entered into a deal with Jaccar Holdings to acquire Danish shipping company Evergas for $700 million. Evergas owns and operates two very large ethane carriers and eight multigas/LNG carriers. All are on fixed-rate time charters to Ineos and are cap
The upcoming liquefied natural gas (LNG) terminal in Bar, Montenegro, will serve Balkan countries, playing a crucial role as an LNG storage provider and distributor to provide energy security in the context of the current energy crisis, LNG Alliance said. Currently, there is no operating LNG termina
The Cruise Division of MSC Group and French shipbuilding company Chantiers de l’Atlantique have announced the delivery of the world’s largest LNG-powered cruise ship and one of the first to incorporate fuel cell technology.
in an environment where there is a scarcity of renewable fuels, the question arises whether it is a sustainable pathway for shipping to take a limited amount of renewable energy and apply it to an industry where you only get 25% utilization of what you’re starting with.
Winter is at our doorstep and concerns over the security of energy supplies are growing with each passing day. Over the past several months, governments and industries put their efforts into finding ways to tackle both energy and climate crises at the same time. The struggle continues with new regul
Germany has ordered police to guard liquefied natural gas (LNG) terminals under construction as it prepares a law to strengthen the protection of critical infrastructure, Reuters reports. Germany’s interior minister Nancy Faeser told Reuters on 19 October that police were ordered to protect the LNG
In 2030, Europe’s shipping industry will need over 6.3 million metric tonnes of liquefied natural gas (LNG) to power its growing fleet of gas-powered ships – enough to power 7 million homes – which will only increase Europe’s dependence on fossil fuels, a new Transport and Environment (T&E) study sh
Russia’s new dual-fuel automobile and railway ferry General Chernyakhovsky has been bunkered with liquefied natural gas (LNG) for the first time. The bunkering took place on 15 October at the seaport of Ust-Luga. Right after bunkering, the ferry headed for the seaport of Kaliningrad, loaded with aut
