ABB to power South Asia’s first LNG hybrid tug
ABB has announced that its technology will be at the heart of the first tug in South Asia capable of switching between low emission LNG engines and zero-emission battery power.
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GCL and Shell explore development of JV
According to Reuters, GCL Oil & Natural Gas Co. Ltd and Shell have signed a framework agreement to explore the development of a joint venture based in eastern China to market and trade LNG.
LNG Limited releases financing update
LNG Limited has announced the withdrawal of LNG9’s takeover bid and provided a financing update.
Outokumpu appoints new President and CEO
Outokumpu has announced that Heikki Malinen has been appointed President and CEO, and the Chairman of the Leadership Team.
Shell offers LNG cargoes for loading from 2021 onwards
According to Reuters, three unnamed traders have said that Shell has offered LNG cargoes for loading from 2021 onwards for a period of at least five years through a tender.
LOTOS to open its first LNG re-fuelling station
Grupa LOTOS, LOTOS Paliwa and Remontowa LNG Systems have signed an agreement to build a pilot LNG docking station at the LOTOS service station located in Gdansk-Osowa.
Matrix Service Company releases company update in response to COVID-19
Matrix Service Company has provided an update regarding its operations and business response to the COVID-19 pandemic.
SHI secures order for two LNG-fuelled VLCC newbuilds
Samsung Heavy Industries has finalised a deal with a Bermudan ship owner to build two LNG-fuelled VLCCs, which will be delivered by April 2022.
US LNG cargoes bound for China after tax waivers announced
LNG tankers carrying US LNG are bound for China after Beijing announced that it would be granting tax waivers to some importers.
Latest reports show improvement in Asian LNG spot prices
Asian LNG spot prices have increased marginally from the recent record lows as Chinese buyers have begun re-entering the market.
KOGAS requests LNG cargo deferrals
According to Reuters, South Korea’s top LNG buyer, KOGAS, has requested that some of its LNG cargo deliveries be deferred.
Sinopec starts building LNG tanks at Tianjin
Sinopec has started building LNG tanks as part of the second phase of its Tianjin LNG terminal project.
Port of Gothenburg claims pandemic could accelerate digitalisation
The Port of Gothenburg has released a statement claiming that the coronavirus pandemic could accelerate digitalisation in the shipping industry.
First LNG truck loading performed by PGNiG in Lithuania
PGNiG has sold its first two LNG truck cargoes from the reloading station in Klaipeda.
Canadian LNG: the road to success
Thomas Liles, Rystad Energy, Norway, takes a detailed look at the current state of the Canadian LNG market and where it is headed.