LNG Shipping

LNG shipping prices are likely to remain high in 2019 after September spikes buoyed by new supply and concerns regarding growing demand.

The LNG tanker ‘Ougarta’ is due to arrive at the Isle of Grain, UK, in late September.

Babcock International has been recognised by Lloyd’s Register (LR) as having taken a critical step towards achieving the LR General Approval for a LNG ship for its innovative ecoSMRT® technology.

Sener has received DNV GL Approval in Principle for two new LNG-fuelled bunkering vessel designs.

Woodside Energy Trading Singapore has signed a HOA with Germany’s Uniper Global Commodities for a four year supply of LNG.

The Green Corridor Joint Industry Project (JIP) has concluded with the delivery of a LNG-fuelled Newcastlemax design for a VLOC.

China has set a 10% tariff on US LNG imports, undermining President Trump’s drive to establish the US as a global energy leader.

Sembcorp Marine, ABS and A*STAR’s Institute of High Performance Computing are teaming up to develop new technologies to promote the adoption of LNG as fuel.

Skangas has entered an agreement with Prima Protein for the delivery of LNG to the Prima Protein factory in Egersund.

ABS has granted AiP for the ‘LNG Jumbo’, a new LNG carrier design from Jiangnan Shipyard Group Co.

Technavio analysts forecast the global offshore supply vessel market to grow at a CAGR of almost 7% during the forecast period: 2018 – 2022.

Wison Offshore & Marine has announced that its 300 MW FSRP barge has received Approval in Principle from Lloyds Register.

Kristy Kramer, Wood Mackenzie, comments on the US’ second wave of LNG projects.

SENER has signed a contract with Rimorchiatori Riuniti Panfido & C.s.r.l for the delivery of a LNG SBBT unit.

Andrew Buckland, principal analyst at Wood Mackenzie, provides comments on the mass influx of LNG ship orders seen so far in 2018.