LNG News

S&B ANALYSIS: Singapore August Bunker Sales Gain 1.1% on Year

August's volumes total slipped slightly from July's seven-month high. The average stem size last month was about 1,282 mt. The city-state's total demand reached to 4.1 million mt in August, according to preliminary data from the Maritime and Port Authority. The total was up by 1.1% from the same month a year earlier, but down by 0.1% from July's level.

Demand for FSRUs Soars as Europe Works to Cut Reliance on Russian Gas

Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas, citing a desire to avoid contributing to Russia's budget…

Worries of major oil spill increase after grounding of bulker off Gibraltar

After a bulker collision with an LNG carrier on August 30 off Gibraltar, the Gibraltar Contingency Council declared it major incident, as the hull of the bulker “OS 35” ruptured and leaks have been spotted in the area.The declaration focused all the resources on managing the emerging disaster while the neighboring port…

Potential for China-Russia cooperation in the Russian Arctic highlighted at forum

A view of fiords as they melt due to climate change near Svalbard Islands, in the Arctic Ocean in Norway on July 19, 2022.Photo:VCGAs the continued development of the Arctic Zone of the Russian Federation (AZRF) and Northern Sea Route (NSR) despite Western sanctions was highlighted at the Eastern Economic Forum (EEF) in Vladivostok on Tuesday…

Container Shipping and Logistics Experts Matson Joins SEA-LNG

SEA-LNG, the multi-sector industry coalition established to demonstrate the benets of the LNG fuel pathway for shippings decarbonisation, has today announced that a leading provider of ocean transportation and logistics services, Matson, is the latest organisation to join its membership. Matsons core values align well with SEA-LNGs…

GTT And Yangzijiang Shipbuilding Sign A Technical Assistance And License Agreement For The Construct

GTT has signed a Technical Assistance and License Agreement with Yangzijiang – the largest private shipyard in China enabling the yard to construct vessels using GTT membrane technologies.This Technical Assistance and License Agreement is a new step forward in the development of GTT technologies in China. Yangzijiang successfully completed the GTT qualification process in record time…

Sanaa: We will not allow the coalition to restart the LNG project

The Minister of Oil and Minerals in the Sanaa government, Ahmad Daris, states that the Sanaa government will not allow the re-run of the liquefied gas project unless its return is in the interest of all the Yemeni people.The Minister of Oil and Minerals in the Sanaa government, Ahmad Daris, revealed, on Saturday, that he…
Knutsen OAS LNGC ©Knutsen OAS

Wärtsilä Optimizes Cargo Operations for Four Knutsen OAS Vessels

[By: Wärtsilä]The technology group Wärtsilä has signed a service agreement with the Norway based fleet operator Knutsen OAS. The contract covers the reliquefaction plant for four LNG Carrier vessels, and is designed to optimise their day-to-day operational performance. The signing took place in March 2022.The scope of the…

ZIM Reaches $1 Billion LNG Fuel Supply Deal with Shell

Israeli-based shipping line ZIM Integrated Shipping Services (NYSE: ZIM) has signed a ten-year sales and purchase agreement with Shell for the supply of LNG fuel for ten LNG-powered newbuild containerships operating between Asia and the U.S. East Coast.The agreement, signed with Shell NA LNG, LLC, is valued at more than $1 billion.The ten ships will have capacity of 15…

Gibraltar news: Hull of Tuvalu-registered ship breaks off the coast of tip of the Iberian peninsula

The hull of the bulk carrier ship beached off the coast of Gibraltar has broken, the Government of Gibraltar announced this afternoon amid fears of an environmental disaster. The vessel OS 35, loaded with steel bars and carrying over 400 tonnes of fuel, slammed into the ADAM LNG, which now has a superficial dent, as the former was moving to exit the bay on Monday night.

Grounded Bulk Carrier ‘OS 35’ Breaking Up Off Gibraltar

All hands on deck as the OS 35 begins to break.A major incident has been declared in Gibraltar after the bulk carrier OS 35 that grounded following a collision with a LNG carrier earlier this week is now starting to split in two.An update Wednesday from the Gibraltar Port Authority said the hull of the M/V OS 35 has broken…

U.S. Offshore Oil Boom Is No Cure For Global Supply Crunch

Open interest in crude futures…Venezuela has halted oil shipments…WTI crude fell slightly following…Alex KimaniAlex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More InfoBy Alex Kimani - May 03, 2022, 7:00 PM CDTU.S. offshore oil production is booming as operators are bringing…

World's First Dual-Fuel Suezmax Tanker Receives Inaugural Bunker Stem in Malaysia

The ship was delivered from Guangzhou Shipyard International in China on June 28. The world's first dual-fuel gas-powered Suezmax tanker has received its inaugural stem of LNG in Malaysia. The Greenway, managed by Eastern Pacific Shipping (EPS), took on 1,500 mt of LNG at Pengerang on July 4, EPS said in a statement on its website on Wednesday.

Exclusive Dining Options Coming on New P&O Cruises Ship

P&O Cruises’ upcoming new vessel, Arvia, will have exclusive, destination-inspired dining options to tantalize the taste buds of every passenger, no matter what their menu preferences.With a total of more than 30 dining venues and bars to choose from, everyone on the new ship will be able to find delicious options to enjoy.Destination…

Koreas No.1 shipbuilder KSOE accused of stealing engineers from rivals

[Source: MK DB] South Koreas shipbuilders have filed antitrust complaint against industry No. 1 Korea Shipbuilding & Offshore Engineering (KSOE) and dockyards under its arm for allegedly stealing skilled engineers and technicians from them amid labor shortages in shipbuilding boom period. According to shipbuilding industry sources on Tuesday…

Canada Sees West Coast LNG Revival As World Scrambles For Gas

Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.This time, companies are focusing on smaller west coast projects they bet will be cheaper and faster to build."Smaller project are easier to manage…

2nd Terminal Proposed for Harbor Island, Port Aransas

A second oil and gas terminal has been proposed for Harbor Island in Port Aransas, an announcement that came two days after a contentious public meeting about a similar project planned by the Port of Corpus Christi. Also, on the same day as the August 12 public meeting, ship traffic in the Corpus Christi Ship Channel endangered the Texas 361 ferry, forcing passengers to evacuate.
Mock-up of the GTTs Shear-Water LNG vessel

GTT Receives AiP from Bureau Veritas for Shear-Water

[By: GTT]Following the press release of July 8th, 2021, announcing the Approval in Principle (AIP1) from China Classification Society and DNV, GTT has been awarded a new approval in principle from Bureau Veritas (BV), for the “Shear-Water” concept, a new ballast-free LNG bunker and feeder vessel (LNGB&FV).The majority of…

Environmental groups protest proposals to build LNG terminals on Canada's East Coast