NYK has signed long-term contracts with DGI, a subsidiary of Mitsubishi Corporation, for the charter of three newly built LNG carriers.
Asian LNG spot prices have experienced a 10% slide this week to a more than three month low due to declining oil prices.
South Korean shipbuilders have outbid competitors and secured all orders for large LNG carrying vessels for the next three years.
A landmark celebration has officially opened the onshore LNG processing facilities of INPEX-operated Ichthys LNG.
Inpex Corp. has announced the arrival of the first LNG shipment from its Ichthys LNG project in Australia at its Naoetsu LNG terminal.
Japan’s Osaka Gas is considering expanding its operations in Southeast Asia as demand in the region continues to grow ahead of supply.
Increasing supply and dwindling demand have caused Asian LNG spot prices to fallen to an over two month low.