LNG Shipping

Dynagas LNG enters into new long term time charter for the LNG carrier Arctic Aurora and extends current time charter for the LNG carrier Clean Energy.

Starting in 2018, all ships that use LNG as their primary fuel can apply for a discount on tonnage fees when calling at harbours of the Port of Tallinn.

Borregaard will continue their co-operation with Skangas for LNG and has extended the current supply agreement.

PSA Marine Ltd has recently awarded a contract to build one dual fuel LNG harbour tug.

Jumbo has awarded Ulstein Design & Solutions B.V. the concept and basic design for their LNG powered DP2 heavy lift crane vessel.

Perenco SA and Golar LNG Ltd. will start shipments from their US$1.2 billion LNG project off Cameroon in February.

Tohoku Electric have signed an agreement to buy LNG from Mozambique LNG project.

LNG is being re-exported to China from Japan and tankers are being diverted from as far away as Brazil.

Early on 14 December, after a journey of more than 9000 km, the first shipment of LNG from Canada arrived in China.

Damen Shiprepair & Conversion wins contract for first European conversion of a dredger to dual fuel LNG/MGO.

International law firm WFW has advised Teekay LNG and its joint venture partner CLNG on the long term financing for the construction of six LNG carrier newbuildings.

Total and CMA CGM have signed an agreement covering the supply of around 300 000 tpy of LNG for 10 years starting in 2020.

EIB, Societe Generale and Brittany Ferries have announced the success of the first green maritime financing under EIB’s Green Shipping Guarantee programme.

The gross revenues for these contracts are expected to exceed US$32 million.

Swiss trading houses are expanding into the global market for LNG.