Bermuda-based LNG carrier owner Flex LNG announced its best-ever financial results with a net income of around USD 24 million for the fourth quarter of 2019.
Wärtsilä integrated solutions will deliver efficiency and sustainability to three new short-sea vessels
The technology group Wärtsilä will supply all the main equipment for the first LNG fuelled short-sea Ro-Lo (roll-on, lift-off) vessels to be operated by Finland based Bore Ltd. Three ships have been ordered and are being built at the WuHu Shipyard in China. The order with Wärtsilä was placed in December.
Polskie LNG, the operator of the Polish LNG terminal and Gaz-System company, has signed a contract for the expansion of the President Lech Kaczyński terminal in Świnoujście with a consortium of PORR and TGE.
Polish sole liquefied natural gas (LNG) import facility, the President Lech Kaczyński terminal in Świnoujście, has received a new cargo on Tuesday.
Global demand for liquefied natural gas (LNG) grew by 12.5% to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook – a significant increase that bolsters LNG’s growing role in the transition to a lower-carbon energy system.
There are 175 LNG-fueled ships currently in operation, with 203 on order and a further 141 LNG-ready vessels in operation and sitting on the order books, according to the latest figures from SEA\LNG, a UK-based multi-sector industry coalition aiming at accelerating the adoption of LNG as a marine fuel.
The Hague-based LNG giant Shell has reportedly suspended cargo loadings from its Prelude FLNG facility located 475 km North-East of Broome in Western Australia.
European Investment Bank (EIB) signed 445 million Swedish Krona ($45.7 million) loan with Ystad to expand harbour facilities to accommodate LNG vessels on the Swinoujscie-Ystad line can access the harbour.
Uncertainty and disruptions associated with the Covid-19 ( Coronavirus) outbreak in China continue to dog the global LNG markets.
Germany-based LNG supplier Nauticor and compatriot manufacturer of special purpose vessels Fr. Fassmer have unveiled the cooperation in newbuilding and retrofitting projects for ships with LNG engines.