LNG News

Clean Canaveral completes inaugural LNG bunkering

Marine Log StaffClean Canaveral providing cool-down services and bunkering LNG to the Eagle BrasiliaThe largest Jones Act LNG bunker barge thus far delivered, the 5,500-cubic-meterClean Canaveral, has completed its inaugural LNG bunkering in Jacksonville, Fla. The vessel operates with the recently delivered tug Polaris as an articulated tug barge (ATB) unit and is owned by Polaris New Energy LLC…

New Fortress Energy Announces First Quarter 2022 Results

NEW YORK, May 05, 2022--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE" or the "Company") today reported its financial results for the first quarter of 2022.Summary HighlightsReported Q1 2022 net cash flow from operations of $114 million, net income of approximately $241 million and EPS of $1.13 per share…

ConRo vessel for Crowley launched at VT Halter

Pascagoula, Miss.-based VT Halter Marine recently launched the first of two new 740'x105'x59' Commitment-class combination container/roll on-roll off (ConRo) ships for Crowley Maritime Corp., Jacksonville, Fla. The El Coquí and its sistership Taíno will be fueled by liquefied natural gas (LNG).Each of the ships will be powered by a single MAN 8S70ME-GI marine engine…

International Seaways Reports First Quarter 2022 Results

International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the first quarter of 2022. Purchased the Seaways Eagle, a 2011-built LR1, for effectively $3 million and the sale of a 2010-built MR.

Recovery, Resilience And Demand Shifts To Drive Inland

Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages of early 2020. Flows estimated by the Bureau of Transportation Statistics (BTS), part of the U.S.

Wind-assisted box ship design promises big CO2 reductions

Nick BlenkeyTrade Wings 2500 has been designed jointly by three French companies VPLP Design, Alwena Shipping and AYRO and China State Shipbuilding Co.s design institute, SDARI. Bureau Veritas has granted its Approval in Principle to an innovative design for a 2,500 TEU containership, the Trade Wings 2500, that promises…

Knutsen OAS signs up 4 LNG carriers for Wärtsilä service plan

Nick BlenkeyKnutsen OAS LNG carrier [Image: ©Knutsen OAS] Wärtsilä has signed a service agreement with the Norways Knutsen OAS. Covering the reliquefaction plant for four Knutsen LNG carrier vessels, it is designed to optimize their day-to-day operational performance.The scope of the agreement for the LNG carriers includes…

Fincantieri Begins Work In Northeast Florida

Fincantieri Marine Repair, a division of Fincantieri Marine Systems North America (FMSNA), welcomed its first commercial customer to Commodores Point in downtown Jacksonville last week, marking the start of operations in northeast Florida.FMSNA announced last month that they were ready to provide repair and maintenance services to military…

Chinese shipbuilders see surging orders amid rising demand for global shipping

The handover ceremony of COSCO SHIPPING Energy's Yuan Rui Yang was held in Dalian, Northeast China's Liaoning Province, marking the successful delivery of the world's first liquefied natural gas dual-fuel (fuel and gas) powered ship tailored for COSCO Shipping by Dalian Shipbuilding Industry Co. Photo: cnsphoto Orders for new cargo ships have rushed to Chinese shipbuilders in the past week…

Transborders' 'Stranded Gas' FLNG Moves Step

Transborders Energy, an Australian company working to develop a 1.5 mpta FLNG solution for marginal field development, on Wednesday said it had signed a multi-party and multi-project FLNG Solution Agreement with multiple contractors, bringing the FLNG unit closer to reality.The signatories of the FLNG Solution Agreement are Add Energy Group, Kyushu Electric Power, Mitsui O.S.K. Lines, Ltd.
(Daewoo Shipbuilding & Marine Engineering Co.)

S. Korean shipbuilders surpass annual targets on brisk new orders

(Daewoo Shipbuilding & Marine Engineering Co.)South Korea's major shipbuilders have outpaced their annual order targets backed by brisk global new orders, company officials said Tuesday. According to data provided by global market researcher Clarkson Research Service, global new orders for ships came to 37.54 million compensated gross tons (CGTs) in the January-September period…
Japan's first gas-only hybrid battery propulsion ship

Japan to Build Its First Hybrid Gas and Battery Propulsion Ship

A consortium of Japanese companies is working together to build a new generation hybrid propulsion system, which will be installed on a limestone carrier operating in coastal Japan. The Global Environment Bureau of the Japanese Ministry of the Environment and the Maritime Bureau of the Japanese Ministry of Land, Infrastructure…

Bay Shipbuilding to build LNG barge for East Coast route

Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., has been awarded a contract to build a new 340'x66'x32'10", 5,400-cubic-meter tank barge for Polaris New Energy (PNG). The contract includes options to build two sister barges, The barge will be used for the coastwise transportation of liquefied natural gas (LNG).NorthStar Midstream…

Largest "Green" Ferry Launched in China for Italy's Moby

China’s Guangzhou Shipyard International (GSI) has launched one of the world’s largest cruise ferries, which will be the largest operating in the Mediterranean and one of the most energy-efficient yet built. The ferry, which is named Moby Fantasy, is the first of two large ferries that are being built to replace four older…

Qatar orders six new LNG carriers to boost export capacity

Verity Ratcliffe 11/5/2021(Bloomberg) - Qatar has ordered six liquefied natural gas ships from South Korea as it pushes ahead with a multi-billion dollar project to boost production of the fuel.The worlds biggest LNG exporter is buying four vessels from Daewoo Shipbuilding & Marine Engineering and two from Samsung Heavy Industries, state producer Qatar Energy said Sunday.

Russia tensions spur LNG tanker orders for Korean shipbuilders - Nikkei Asia

ArrowArtboardCreated with Sketch.ArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintEnergyDemand soars to rarely seen high as Europe seeks alternate sources Daewoo Shipbuilding & Marine Engineering has snagged the equivalent of a third of its orders from last year in just over a month in 2022.

Jefferies Financial Group Weighs in on Golar LNG Limited’s Q1 2022 Earnings (NASDAQ:GLNG)

Golar LNG Limited (NASDAQ:GLNG – Get Rating) – Analysts at Jefferies Financial Group upped their Q1 2022 earnings per share (EPS) estimates for shares of Golar LNG in a research note issued on Wednesday, April 27th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings of $0.34 per share for the quarter, up from their prior forecast of $0.30.
first LNG bunker vessel in the Batlic

First LNG Bunker Vessel for the Baltic Region

The Estonian energy company Elenger has taken delivery of the first of Damen’s new class of Liquified Gas Carrier (LGC) 6000 LNG bunkering vessels. The new bunker vessel, named Optimus, will be the first LNG bunkering vessel in the Gulf of Finland, serving both LNG-powered vessels and smaller shoreside customers. Its introduction…