LNG Shipping

Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the nine months ended 30 September 2016, reporting a net profit of QR759 million.

According to Reuters, Qatargas has signed a five-year LNG sales and purchase agreement with Petronas LNG UK.

Nakilat Shipping Qatar Ltd has signed an agreement with Shell to begin the planned phased transition of the management of Nakilat’s LNG fleet.

Engie has announced that it has signed a memorandum of understanding with CMA CGM to promote the use of LNG as a marine fuel for future container vessels.

Cochin Shipyard Ltd has announced that it has signed a memorandum of understanding with M/s Engineers India Ltd for the design and construction of small scale LNG carriers.

Teekay LNG Partners L.P. has announced that it intends to issue new five-year unsecured bonds in the Norwegian bond market, with part of the net proceeds expected to help fund newbuilding instalments.

BC Ferries has announced that the Salish Orca – a dual-fuel vessel capable of operating on LNG or diesel fuel for propulsion and power generation – has been wrapped in an art decal.

The President and CEO of Qatar Petroleum has concluded a trip to Japan, during which a number of meetings were held on ways to boost cooperation between Japanese customers and partner companies, especially in the LNG trade.

Nakilat recorded a net profit of QR 749 million in 3Q16.

Wärtsilä has announced that it has signed a contract with LaNaval shipyard in Sestao, Spain, for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry.

Although the global gas market may be descending into the tunnel of oversupply, Timera Energy suspects that this tunnel is shorter than many people think.

Gaztransport & Technigaz has announced that it has received an order from Samsung Heavy Industries to equip a new LNG carrier with Mark technology.

Elengy has released a statement claiming that, alongside Fosmax, it has successfully reloaded 50 LNG cargoes since it began offering the service in April 2012.

AS Tallink Grupp has signed LNG supply contracts with Estonia’s AS Eesti Gaas and Finland’s Skangas for its new LNG-driven fast ferry, Megastar.

Matrix PDM Engineering has signed a licensing agreement with GTT to offer membrane tank technology.