Gas
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Which sectors will fare best and worst in 2021?
First we asked our readers, then a host of the world’s top shipping analysts. The runners and riders are identified…
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Pan Ocean orders LNG carrier
South Korean owner Pan Ocean has announced that the company is investing KRW204bn ($190m) in the construction of an LNG…
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BW’s Epic Gas takes over Lauritzen Kosan fleet, creates $900m LPG powerhouse
LPG carrier operator Epic Gas has entered into an agreement with Lauritzen Kosan, the gas carrier unit of J. Lauritzen,…
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Cosco seals landmark VLEC deal with Liaoning Bora Enterprise
Cosco Shipping Energy Transportation has signed a letter of intent with Liaoning Bora Enterprise, a major private petrochemical company in…
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Italy’s Snam on the hunt for FSRUs and LNG tankers
The Italian energy infrastructure company Snam is looking for operators to provide LNG tankers and FSRU units on time charter.…
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BW Group acquires 39.1% stake in Navigator Holdings from WL Ross & Co
Wilbur Ross-founded private equity firm WL Ross & Co has agreed to sell a stake of around 39.1% equity interest…
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BW LPG to send three more VLGCs for LPG dual fuel retrofitting
BW LPG has committed an additional three VLGCs for LPG dual fuel retrofitting, bringing its total commitment to 15 vessels…
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MOL announces Ikeda’s successor
Japan’s largest shipowner, Mitsui OSK Lines (MOL), is shuffling top management with Junichiro Ikeda moving upstairs to chairman and Takeshi…
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VLGC spot rates hit five-year high, closing in on $100,000 a day
Spot rates for VLGCs are on the cusp of hitting $100,000 a day, having hit highs in recent days not…
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Danish Ship Finance discusses stranded assets and peak seaborne trade volumes in new report
Danish Ship Finance has released its latest shipping market review. The 69-slide presentation, led by Christopher Rex, has a strong…
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BW LPG sells VLGC pair
BW LPG has sold VLGC pair BW Confidence and BW Cedar, expanding its Indian joint venture in the process. The…
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South Korea’s fair trade watchdog hits GTT with $11.3m fine
France’s Gaztransport & Technigaz (GTT) has been hit with a €9.5m ($11.3m) fine from the Korea Fair Trade Commission (KFTC)…
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Global seaborne trade to contract 3.6% in 2020
While 2020 is on course to be a rare year where global seaborne trade volumes will fall, the average distance…
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Samsung Heavy wins suezmax orders as well as giant Zvezda contract
Centrofin Management has been revealed as the firm ordering a raft of suezmaxes at Samsung Heavy Industries. The Korean yard…
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LNG enters new phase
Dallas Smith, director of LNG and offshore at the Liberian Registry, writes today on the importance of rapidly scaling up…
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Golar LNG forms green partnership with Black & Veatch
Golar LNG has signed agreement with US-based engineering and construction company Black & Veatch Corporation to collaborate in the field of floating…
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Avenir LNG CEO departs
Avenir LNG, the small scale LNG shipping venture backed by Stolt-Nielsen, Golar LNG and Höegh LNG, has announced that Milorad…
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Hoegh LNG awarded FSRU supply contract by H-Energy
Norway’s Hoegh LNG Holdings has entered into a binding commitment to supply an FSRU to H-Energy in Jaigarh, India from the first…
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Sovcomflot, NYK and Samudera seal $155m refinancing of LNG carrier pair
Joint venture companies owned by Sovcomflot, NYK Line and Samudera have sealed a new eight-year $155m credit facility with MUFG…
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Renewables forecast to overhaul natural gas in 2023 and coal the following year
Renewables are forecast to overhaul natural gas in terms of global power generating capacity by as soon as 2023 and…
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