Vitol expecting shutdowns in response to recent supply glut
Vitol’s head of LNG trading, Pablo Galante Escobar, has gone on record stating that the short term prospects for LNG business are ‘bleak’.
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Vitol’s head of LNG trading, Pablo Galante Escobar, has gone on record stating that the short term prospects for LNG business are ‘bleak’.
Princess Cruises has announced that it has signed the final contracts for the construction of two next generation LNG dual-fuel cruise ships with Fincantieri.
Anthony Veder has taken delivery of two combined gas carriers, which can transport LNG and petrochemical gases including ethylene.
AS Tallink Grupp has announced that it has signed a contract with Rauma Marine Constructions for the construction of a new LNG-powered fast ferry for the Tallinn – Helsinki route shuttle operations.
Nakilat has expanded its fleet with the addition of four new LNG carriers, bringing its total fleet strength to 74 vessels.
The ‘H1 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals’ report has been added to ResearchAndMarkets.com’s offering.
According to GlobalData, North America is expected to add approximately 265 million tpy of LNG liquefaction capacity in 2023.
The Italian LNG Summit was held in Livorno on 14 March for the first time, promoted by OLT Offshore LNG Toscana and Assocostieri and supported by the main national institutions.
Nakilat has conducted compatibility studies and thorough assessments of Q-Flex class LNG carriers, specifically looking into their ability to safely transition through the new locks in the near future.
Herbert Engineering has been selected by Agility Gas Technology to develop a ship design concept that will capitalise on its technology portfolio.
According to Reuters, Petrobras – the Brazilian state-run oil company – has issued a fine to Bolivian state oil company YPFB after it failed to deliver contracted LNG volumes.
Brittany Ferries has released a statement announcing the charter of a third brand new LNG-powered cruise ferry to serve its long-haul routes.