LNG Shipping

Mitsui has announced that it jointly hosted the Shanghai LNG Forum 2019 with CSET, Dalian Maritime University and HZ Shipbuilding Group.

The latest decline in spot market prices is prompting LNG traders in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices.

CEDIGAZ has released its ‘Medium and Long-Term Natural Gas Outlook 2019’.

Mitsui O.S.K. Lines Ltd has announced that it has signed a memorandum of understanding with COSCO SHIPPING Energy Transportation Co. Ltd, a subsidiary of China COSCO Shipping Corp. Ltd.

Pakistan has issued a tender for 10 LNG cargoes with delivery dates between the start of October and the end of December.

“K” Line has announced that, alongside Namura Shipbuilding Co. Ltd, it has received joint approval in principle for the concept design of an LNG-fuelled ore carrier from DNV GL.

The government of Papua New Guinea has renewed its backing for the Papua LNG project.

Fortis Inc. has released its 2019 second quarter results.

Awilco LNG ASA has announced that a term sheet for the refinancing of its two TFDE LNG carriers has been agreed and signed.

LNG traders are starting to consider options for booking vessels to store and ship LNG to meet winter demand.

Gastech Insights interview with Bruce Barnes, LNG Technology Manager at Bechtel about EPC’s and how they are utilising innovation to adapt to the new evolving markets.

GasLog Ltd. and its subsidiaries have reported financial results for the three-month period ended 30 June 2019.

Teekay Corp. has reported results for the quarter ended 30 June 2019.

LNG cargoes are now trading in Asia at a three to four year low of less than US$4 per million Btu.

The construction of a second Costa Cruises ship, with LNG-propulsion, has started at Meyer Turku shipyard.