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Energy Crunch has Egypt Seeking 40-60 LNG Cargoes
Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a…
Shell Expects to Bank On LNG Exporters Turning Into Importers
Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects.Cederic Cremers, Shell's president for integrated gas, told Reuters that Indonesia, Malaysia, and Algeria are likely to become net import markets in the future…
MOL Inks Long-Term Time Charter Deal for Newbuilding VLCC
Mitsui O.S.K. Lines (MOL) has ordered a new LNG-fueled very large crude carrier (VLCC), which will sail under a long-term time charter contract with Idemitsu Tanker.The vessel will be the first dual-fuel VLCC to be chartered to a Japanese oil company.It will be built at Dalian COSCO KHI Ship Engineering in China, which is jointly operated by Kawasaki Heavy Industries and China COSCO Shipping Corporation.The delivery of the vessel is scheduled for 2027.
Egypt In Talks to Buy LNG Cargoes Amidst Energy Crunch
Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a…
Lloyd’s Register, HD Hyundai MIPO Sign MOU to Advance Digital Manufacturing for Type C Tanks
Lloyd’s Register (LR) and HD Hyundai MIPO Dockyard (HMD) have signed a Memorandum of Understanding (MoU) to collaborate on advancing digital manufacturing for Type C tanks.The MoU sets out a joint commitment to develop and verify a streamlined, digitally enabled production process for Type C tanks, which are expected to see increased demand due to their ability to store pressurized and cryogenic cargo/fuel…
Inmarsat to Upgrade MOL’s Vessels with NexusWave Connectivity Service
Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines (MOL) to upgrade their fleet from Fleet Xpress (FX) service to NexusWave, to meet evolving operational and crew connectivity needs.The fleet-wide transition to NexusWave will allow MOL to benefit from Inmarsat’s fully managed bonded connectivity service and accelerate the digitalization strategy of the leading Japanese…
Freeport LNG Receives Approval to Restart Operations at Phase 3 Facilities
U.S.
US Natural Gas Prices Fall on a Smaller-Than-Expected Decline
U.S. natural gas futures fell around 1% on Wednesday on a smaller than previously expected decline in daily output so far this month after a 10%-price jump on Tuesday forced some traders to cover some short positions.Gas futures for June delivery on the New York Mercantile Exchange fell 2.4 cents, or 0.7%, to $3.403 per million British thermal units at 9:07 a.m. EDT (1307 GMT).Analysts said heating and cooling demand should remain low across much of the country in coming weeks…
Mitsui OSK To Asses EU Sanction Impact On Its LNG Vessels
Japan's second-largest shipping company Mitsui O.S.K. Lines (MOL) said it is carefully assessing the impact on three of its liquefied natural gas vessels of new sanctions imposed by the European Union against Russia."We will continue to fully cooperate with the relevant authorities, including the European Union and the Japanese government, and remain committed to complying with all applicable laws…
Ammonia: Höegh Autoliners Cuts Through the Grey Area
Confusion over new fuels will not be helped by the fact that each one has a good and bad version. The science on grey ammonia, grey methanol, and palm oil biofuel show that these are probably worse for the planet, if adopted, than unfettered continuation of fossil fuel consumption. Conversely, green methanol, green ammonia and biofuel made using genuine wastes and residual products could create a substantial dent in production and consumption of fossil fuels.
Fortescue Green Pioneer: Proving Ground for Ammonia as Maritime Fuel
Fortescue’s Green Pioneer, billed as the world’s first ammonia dual-powered vessel, left Singapore in January of this year on voyage past the Cape of Good Hope en route initially to Southampton, both for Port State Control and to demonstrate the use of ammonia in its engines to the UK’s Maritime and Coastguard Agency (MCA), and then on to London’s Canary Wharf where is stayed through mid-April, before…
Shell CEO: Bar for Potential Deals With BP is High
Shell shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP that the bar for mergers and acquisitions was very high.Media reports earlier this month suggested Shell was working with advisers to evaluate a potential acquisition of BP, whose shares have lost around 26% of their value in the past year versus Shell's drop of…
Foreship Supports Dual Chemistry Battery System Retrofit for Wasaline
Naval architecture and engineering consultancy Foreship is supporting Wasaline in delivering a battery upgrade on MV Aurora Botnia that will see the ferry’s energy storage capacity increase nearly sixfold. The retrofit will combine two battery chemistries in a hybrid solution that is expected to cut annual CO₂ emissions by up to 23%.Building on a long-standing relationship with Wasaline that began during the vessel’s initial design phase…
Chevron Hires MMA Offshore’s PSV to Support Assets off Australia
MMA Offshore, a subsidiary of Cyan Renewables, has secured a multi-year contract from Chevron Australia for its platform supply vessel (PSV) MMA Plover.The vessel has been contracted to provide marine logistics support to Chevron’s Barrow Island and Wheatstone assets, located off the coast of Western Australia.The assets are producing natural gas for Western Australia and liquified natural gas (LNG) for the Asia Pacific region…
ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit
American Bureau of Shipping (ABS) has issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).Called MLF-O, the next-generation design from SHI optimizes the production facility for deepwater areas with a wave height of nine meters.According to SHI, the design has the advantage of providing faster delivery and cost-effective efficiency compared to onshore plants.
New Catalyst System Expected to Reduce Methane Slip
Mitsubishi Heavy Industries Marine Machinery & Equipment (MHI-MME) has begun demonstration testing of a methane oxidation catalyst system for LNG-fueled marine vessels which is being jointly developed with Daihatsu Infinearth Mfg.Methane oxidation is a chemical reaction in which methane (CH4) is converted into carbon dioxide (CO2) and water (H2O) through reaction with oxygen. The system’s purpose is…
MAN L35/44DF CD Genset Passes Type Approval Test
MAN Energy Solutions has announced the successful Type Approval Test (TAT) of its dual-fuel MAN L35/44DF engine for application as auxiliary Genset and electric propulsion at constant speeds, respectively, of 720 and 750rpm.The TAT involved the testing of both 35/44DF variants, namely the methane-capable 35/44DF CD and the methanol-ready 35/44CD.Testing took place from April 7 – 11 at the Changwon…
Sanmar Marks Milestones in Electric Tugboat Construction and Operation
Construction is underway of six more emissions-free fully electric ElectRA Series tugboats at Sanmar’s shipyards in Türkiye.Part of a project unveiled in 2021, a total of eight ElectRA tugs have been delivered so far and are now operating in Europe and America.Among those under construction is an ElectRA 2500SX for international operator Svitzer, which is due to be delivered in the second half of 2025…
US Gulf Coast’s First LNG Ship Bunkering Hub Secures Final Permits
A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.The global shipping industry has been looking for fuel solutions to cut carbon emissions, with LNG seen as a cleaner alternative.U.S. President Donald Trump's administration…
US LNG Exporters Continue New Projects Despite Trade War Uncertainty
Woodside Energy's decision last month to proceed with its Louisiana LNG export facility was the first of over 90 million tonnes of new LNG shipping capacity U.S. companies plan to approve this year despite uncertainty about President Donald Trump's trade war, according to company statements and analysts.The U.S., already the world's largest exporter of the superchilled gas with 91.3 million tonnes of annual capacity…
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
Digitalization Driving Safety in the Maritime Sector
Video: LNG Carrier Transits the Northern Sea Route
Designer seeks permit to send out United States gas to Mexico for LNG exports
Crowley Christens LNG-Powered ConRo
Pasha Hawaii Brings LNG Containerships Online
Inside Crowley's Commitment Class ConRo Ships
Maritime Reporter TV Interviews Leif Gross, Caterpillar
Enhancing Gas Carrier Reporting and Reducing Crew Burden with ABS Wavesight Nautical Systems™ Voyage Manager
