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Short-Term Tanker Market Shaken Up by Geopolitics
McQuilling Services has released its 29th anniversary edition, 2026-2030 Tanker Market Outlook with the theme: âYou Canât See the Forest for the Trees.âThe report frames the outlook for crude tankers over the next five years. Structural forces (the âforestâ) including: 1) macroeconomic conditions, 2) a weakening US dollar, 3) a commodity price super cycle, 4) emerging market oil demand, and 5) global shipyard capacity constraints are expected to dominate market direction.
Inside the Gotland Horizon X: Large, Hydrogen-Ready Catamaran
With a growing focus on mitigating climate change and progressing toward the International Maritime Organizationâs (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .Substantial progress has been made over the pastâŠ
Petredec Partners with Carnot on LPG Engine
Carnot has entered a strategic partnership with Petredec, a global leader in the LPG industry, to accelerate the deployment of Carnotâs next-generation engines, using LPG fuels, across the transport, maritime and power generation sectors.The core focus of a Carnot Engine is to deliver world leading engine efficiencies. High efficiency means low fuel consumption which delivers maximum cost and emission savings to operators.A Carnot engine is also designed to operate across a broad range of fuelsâŠ
New Zealand Moves Ahead with LNG Import Facility Plan
New Zealand has shortlisted contractors to build a liquefied natural gas (LNG) import facility to boost energy security, provide a reliable backup power source and support economic growth, Energy Minister Simon Watts said on Monday.The government aims to sign a contract by the middle of this year for an import facility in Taranaki, on the country's North Island, that would be ready to receive LNG inâŠ
EU Proposes Sweeping Sanctions on Russian Crude Exports
The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine.Russia exports over a third of its oil in Western tankers - mostly from Greece, Cyprus and Malta - with the help of Western shipping services.The ban would end that practiceâŠ
Tallink Shuttle to Run Entirely on Renewable Energy
Tallink's shuttle ships on the TallinnâHelsinki route are making a big leap towards using cleaner fuel, soon to be fully powered by renewable energy. In January, 74% of the fuel used by Megastar and MyStar was liquefied biomethane (LBM). The company aims to replace its entire LNG demand with liquefied biomethane in the near future."The Megastar and MyStar, which operate with the busiest schedule between Tallinn and HelsinkiâŠ
Lloydâs Register Strengthens Leadership in China with New Appointments
Lloydâs Register (LR) has further enhanced its capabilities in China with the announcement of three new senior appointments. Tianxiang LiâŻ(TX), LRâs Director of Global Technical Support Office (TSO), has been appointed as President for Greater China. He will lead senior client relationships and strategic engagement, strengthening alignment between LRâs global technical leadership and the priorities of Chinese owners, yards and designers.
GTT Receives Order from Jiangnan Shipyard for LNG Carrier Tank Design
GTT announced that it received, in early 2026, an order from the shipyard Jiangnan for the tank design of two new Liquefied Natural Gas Carriers (LNGCs) on behalf of the Singapore-based ship-owner Eastern Pacific Shipping (EPS).GTT will design the cryogenic tanks of the vessels, which will each offer a capacity of 175,000 m³. The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT.Delivery of the vessels is expected at the end of 2028.
Norway Parliament Rejects Challenge to LNG Plant's Power Supply Plan
Norway's parliament on Thursday rejected a proposal to block Equinor's plan to supply electricity to its Hammerfest liquefied natural gas (LNG) plant from the region's power grid, allowing the ongoing development to continue.Opposition parties had sought to revoke the LNG plant's planned link to the power grid, but the motion failed when the Socialist Party withdrew its support for the plan, calling it "in practice unlawful".A total of 48 members of parliament, known as the Storting, backed the
NYK Signs Long-Term Charter Agreement for New LNG Carriers with Cheniere
NYK Line, in partnership with Ocean Yield AS, has signed multiple long-term charter contracts for new liquefied natural gas (LNG) carriers with Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy, Inc., a US LNG producer.The vessels will be built at HD Hyundai Heavy Industries Co. Ltd. in South Korea and will be delivered from 2028.The vessels will be equipped with a next-generation X-DF2.1 iCER*âŠ
Sallaum Lines Adds LNG-fueled PCTC to its Fleet
Global operator of roll-on/roll-off carriers Sallaum Lines has taken delivery of the MV Ocean Legacy, a pure car and truck carrier (PCTC) that has joined its Ocean Class fleet.The delivery follows the recent entry into service of the MV Ocean Explorer and forms part of Sallaum Linesâ Ocean Class program, which focuses on fleet renewal, operational efficiency and lower-emission maritime operations.TheâŠ
Norway Socialist Party Withdraws Support for LNG Electricity Project Opposition
Norway's Socialist Party has withdrawn its support for a proposal to block Equinor's Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proceed.Parliament is due on Thursday to vote on an opposition proposal seeking to revoke the LNG plant's planned link to the power grid, but the motion is likely to fail without backing from the Socialist Party.The government approved the connection in 2023 to cut greenhouse gas
Count down to CMA Shipping 2026
The count down is on for this yearâs CMA Shipping 2026 conference and exhibition taking place from 10â12 March 2026 at the Hilton Stamford Hotel in Stamford, Connecticut. Organised by the Connecticut Maritime Association (CMA) and Informa Markets, this flagship event is set to bring together the most influential voices in the maritime industry for three days of industry networking, knowledge sharingâŠ
Bureau Veritas Launches Gas Center of Excellence in Doha
Bureau Veritas Marine & Offshore (BV) announced the launch of its Gas Center of Excellence in Doha, Qatar, strengthening its commitment to supporting the continued growth of LNG and gas projects worldwide. The Center brings together BVâs expertise in gas carrier operations, classification, and regulatory compliance to deliver integrated, future-ready support across the gas value chain.Staffed by a team of gas specialists with experience in gas carrier operationsâŠ
Conflicting Signals Plague Ship Recyclers
January 2026 joins the pages of history as being part of the ongoing misery for the global ship recycling world, but there were noteworthy surges to report this week, saysreports cash buyer GMS.âAcross the board, for most of the major fundamentals, except sub-continent steel plate prices that have become the perennial party poopers of the recycling world of late, the momentum was definitely beyond noticeable,â says GMS. âThe Baltic Exchange Dry Index, oil futures, and the U.S.
LNG Shippingâs Long-Term Outlook Remains Positive
The UP World LNG Shipping Index gained 4.05% last week, closing at 182.36 points and exceeding the 180-point mark for the first time in its history. The S&P 500 rose 0.3% over the same period.Trading activity was robust, with volume well above average and a 15:4 ratio of rising to falling stocks. Several companies broke through resistance levels on strong volume, led by COSCO Shipping Energy Transportation (+10.6%) and Chevron (+6.1%).
GTT Receives LNG Carriers Tank Design Order From HD KSOE
GTT announced that it has received, in early 2026, an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of four new Liquefied Natural Gas Carriers (LNGCs).The LNGCs will be built by the shipyard HD Hyundai Heavy Industries, each with a capacity of 200,000 m³. The cryogenic tanks of the vessels will be equipped with the Mark III Flex+ membrane containment system,âŠ
Electricity Needs for AI, Data Centers May Turn LNG Glut into Gap by 2030
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on Monday.LNG coming online between 2026 and 2029 has raised concerns of a supply glut that could depress prices, with projects like Golden Pass LNG on the U.S. GulfâŠ
DNV Alternative Fuel Vessel Orders for January 2026
According to the latest figures from DNVâs Alternative Fuels Insight (AFI) platform, a total of 20 new orders for alternative-fueled vessels were placed in January 2026. Activity continues to be dominated by LNG-fueled container vessels, which accounted for 16 of these orders, with one methanol-fueled offshore vessel and three LPG vessels making up the remainder.âThis is a relatively positive start to the year in the alternative-fueled space.
Lloydâs Register Issues First Guidance for Onboard Hydrogen Generation
Lloydâs Register (LR) has published the maritime industryâs first dedicated Guidance Notes for onboard hydrogen generation, providing clarity on the safe design and integration of hydrogen generator technologies on ships.The new Guidance Notes respond directly to growing interest from shipowners, yards and technology developers in producing hydrogen onboard using alternative fuels such as LNG, methanol and ammonia.While hydrogen is widely seen as a key fuel for decarbonizationâŠ
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 Systemsâą Voyage Manager
