LNG Shipping

Qatargas has announced that it has signed a Memorandum of Understanding with Shell and the Maersk Group to explore the development of LNG as a marine fuel in the Middle East.

Reuters reports that a tanker has docked at Cheniere Energy’s Sabine Pass LNG terminal to ship the facility’s first LNG export cargo.

GasLog and GasLog Partners have entered into binding agreements for the refinancing of six LNG carriers.

Becker Marine Systems has announced that it has received a federal grant for its LNG PowerPac, which supplies power to moored containerships.

GTT has announced that its 2015 revenues and net margin were in line with its targets.

Teekay GP LLC has announced that the partnership generated distributable cash flow of US$61.5 million in 4Q15, compared to US$69 million in the same period in the previous year.

Dr Kirsi Tikka has been promoted to the new role of Executive Vice President – Global Marine.

Awilco LNG’s net loss before tax widened to US$36.3 million in 2015 compared to US$2.7 million in the previous year.

The High Court of Justice in England and Wales has sanctioned Shell’s acquisition of BG Group.

Golar LNG has entered into a purchase agreement to sell the Golar Tundra FSRU to Golar LNG Partners.

Bunker Holding has announced that, in cooperation with Unioil Supply A/S and Kosan Crisplant A/S, it is planning to build an LNG production facility in Frederikshavn, Denmark.

Wärtsilä has announced that 16 new gas carrier ships being built in Japan will be powered by its dual-fuel engines.

GTT has signed a cooperation agreement with DMSE to industrialise its NO96 Max technology.

Tallink has released a statement claiming that the keel for its new fast ferry, Megastar, has been laid at the Meyer Turku shipyard in Finland.

Mark Adeosun, Douglas-Westwood, UK, offers a forecast for the LNG market to 2020, with a particular emphasis on developments in Asia.