LNG Shipping

The newly expanded Panama Canal has now been officially opened.

PACC Offshore Services Holdings Ltd has announced that it has been awarded a contract to provide accommodation support through its POSH Arcadia vessel for Shell’s floating LNG project – Prelude.

Sheila McClain, the recently appointed Managing Director of Braemar Engineering, has unveiled the company’s new management team.

According to Reuters, Shell has confirmed that it will continue to work alongside both the UK government and European institutions, despite the country’s decision to leave the EU.

Winterthur Gas & Diesel has announced that Terntank Rederi AS’s first 150 000 DWT chemical tanker, featuring an LNG dual-fuel engine, has passed sea trials.

Skangas has announced that it has successfully delivered the first LNG for the LNG-powered, dual-fuel, icebreaker vessel, Polaris.

PAO Sovcomflot has signed a 13-year loan agreement with VTB Bank worth US$260 million to help finance the construction of an Arctic LNG tanker for the Yamal LNG project.

GasLog Ltd has announced that it has launched a US$1.05 billion debt financing with multiple international banks in order to refinance six legacy facilities.

BigRoll Shipping has announced that it has received the BigRoll Bering vessel from Cosco Dalian Shipyard Co. Ltd for use in the Yamal LNG project.

Rolls-Royce has released a video of its LNG expert, Oscar Kallerdahl, discussing the company’s systems and the benefits of using LNG as a marine fuel.

Research from McKinsey Energy Insights suggests that LNG oversupply could last until 2024, unless low prices can stimulate a demand recovery.

Teekay Shipping has awarded GTT Training a contract to supply G-Sim LNG simulator software into its training centres.

Japan has designated ABS as the first foreign ‘recognised organisation’ authorised for maritime labour inspection.

ClassNK has reopened its Tehran office, in light of recent developments in the region.

GasLog Ltd has announced that it has completed the issuance of NOK750 million of new senior unsecured bonds in the Norwegian bond market.