Flex LNG Enjoys ‘Best-Ever’ Financial Results

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 inks deal for Polish terminal expansion

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 LNG terminal receives 84th cargo

Polish sole liquefied natural gas (LNG) import facility, the President Lech Kaczyński terminal in Świnoujście, has received a new cargo on Tuesday.

Shell LNG Outlook 2020

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.

SEA\LNG: 175 LNG-Fueled Ships in Operation, 203 on Order

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.

Shell halts cargo loadings at Prelude FLNG

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.

EIB to fund port of Ystad expansion for LNG vessels

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.

Coronavirus muddles LNG market, Chinese LNG imports

Uncertainty and disruptions associated with the Covid-19 ( Coronavirus) outbreak in China continue to dog the global LNG markets.

Nauticor, Fassmer Team Up on LNG Newbuilding, Retrofitting Projects

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.