Gas
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China overtakes South Korea to become world’s second largest importer of LNG
China will overtake South Korea to become the world’s second-biggest importer of LNG this year, according to data from Thomson…
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Dynagas seals charter extensions with Statoil and PetroChina
Monaco-based LNG carrier owner Dynagas LNG Partners has entered into a new long-term time charter with Statoil for 2013-built LNG…
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Exmar orders VLGC pair for Statoil contract
Belgian owner Exmar has entered into contracts for two 79,500 cu m gas carriers to support a deal with Norway’s…
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Dynagas seals Chinese sale and leaseback coup
China Development Bank Leasing (CDBL) has announced that it has entered into sale and leaseback agreements with an undisclosed party…
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Carboflotta snaps up a LPG tanker resale from Hyundai Heavy Industries
Genoa-based shipping firm Carbofin, part of Carboflotta group, has just signed a MOA for the purchase of a resale newbuilding…
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Will 2018 bring better freight rates?
Will the markets be kinder to shipowners in 2018 than this year? That forms the central thesis of the latest…
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Teekay LNG seals long-term debt facility for its share of six Yamal newbuilds
Hamilton, Bermuda-headquartered Teekay LNG Partners on Monday sealed an $816m long-term debt facility so it can finance its share of…
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Excelerate Energy buys out Exmar stake in four FSRUs
Excelerate Energy and Exmar have announced that Excelerate will acquire the 50% stake held by Exmar in four FSRU owning…
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DSIC debuts ballast-free LNG carrier design
Dalian’s top shipyard has developed a ballast-free LNG carrier design moving the industry a step closer to ballast-free shipping French…
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Greek owners back at DSME for more tankers
Greek owners are finishing the year like they started it – by ordering tankers in South Korea. John Angelicoussis was…
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INEOS selects DSIC to build the world’s largest ethane carrier
Dalian Shipbuilding Industry Co will build the world’s largest ethane carrier for chemical giant INEOS. The 95,000 cu m ship…
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Fitch negative on shipping’s 2018 prospects
Fitch Ratings’ sector outlook for global shipping remains negative as the ratings agency does not expect a material improvement in…
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Maersk Oil get green light for Tyra redevelopment
Maersk Oil has announced that the Danish Underground Consortium (DUC) has approved a DKK21bn ($3.36bn) investment in the redevelopment of…
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MOL and Marubeni team up for Kamchatka LNG transhipment project
Japan’s largest shipowner Mitsui OSK Lines (MOL) and compatriot trading house have today signed a memorandum of understanding in Moscow…
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Höegh LNG axes FSRU newbuild charter with GEI Pakistan
Norway’s Höegh LNG has terminated a contract with Global Energy Infrastructure (GEI) for the charter of FSRU #9, currently under…
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Eni to quit shipowning with LNG carriers sale
Italian energy company Eni will quit the LNG carrier shipowning business in the near future the company told the seafarers…
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Wison teams up with Shanghai Electric to promote FLNG solutions
Wison Offshore & Marine, China’s top LNG-related shipbuilder, has signed a memorandum of understanding on strategic cooperation with Shanghai Electric…
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Teekay LNG Partners launches gas pool
Teekay LNG Partners has launched Teekay Multigas Pool, a new in-house commercial management solution for ethylene-capable LPG and small-scale LNG…
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Crew pay prioritised by court as Varun faces bankruptcy
Getting crew paid will be a top priority when the LPG carriers belonging to Varun are sold, an admiralty court…
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BW Group forms FSRU joint venture with Mitsui & Co
Singapore’s BW Group has announced the establishment of a joint venture with Japan’s Mitsui & Co to jointly own the…
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