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Contract Workers at Daewoo Shipyard Reach Deal to End Strike
South Korean contract workers at the country's No.3 shipbuilder agreed on Friday to end their strike after accepting a much smaller wage hike than demanded as well as job guarantees, union officials and subcontractors said.Since late last month, about 100 sub-contractors pressing for an increase of 30% have occupied the main dock at the shipyard run by Daewoo Shipbuilding & Marine Engineering (DSME)…
Delfin Seeks More Time to Build US Gulf of Mexico LNG Export Plant
U.S. liquefied natural gas (LNG) developer Delfin LNG has asked federal regulators to extend the amount of time it has to put the onshore part of its proposed Gulf of Mexico floating LNG export project off Louisiana into service until September 2023.The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday that Delfin sought the extension on July 15.Delfin is one of several North American…
'K' Line Orders Airseas Kites for Three More Ships
One of the world’s largest shipping companies has ordered kite wind propulsion systems to reduce fuel consumption and greenhouse gas emissions from three of its bulk carrier vessel.Japan-based Kawasaki Kisen Kaisha (“K” LINE) on Wednesday confirmed orders for three additional Seawing systems, bringing to a total of five the number of its vessels that will use Airseas’ innovative wind propulsion technology to reduce their emissions.Under the agreement…
Portugal's Sines Port Ready to Transfer LNG to Rest of Europe
Portugal's Sines port is ready to start onward shipment of liquefied natural gas (LNG), which arrives in large tankers and will be transferred to smaller vessels to head to other European states, a government spokesman said on Tuesday.He said a government feasibility study concluded that "with the existing infrastructure and simultaneous operations, Sines could transfer to central and northern Europe…
S.Korea Gov't Calls on Strikers to End 'illegal' Siege of Daewoo Shipyard
The South Korean government on Monday called on striking workers at Daewoo Shipbuilding & Marine Engineering (DSME) to end their month-long siege of a dock at the company's biggest shipyard, which has paralyzed production and is delaying delivery of new vessels.Finance Minister Choo Kyung-ho called the occupation "outright illegal" and pledged a "stern response based on law and order."The shipyard near the city of Geoje, off the country's south coast, is one of the world's largest.
ConocoPhillips to Take 30% Stake in Sempra's Port Arthur LNG project
ConocoPhillips said on Thursday it would take a 30% equity stake in Sempra Energy's Port Arthur liquefied natural gas (LNG) plant in Texas, as the U.S. oil and gas producer expands its LNG business to meet soaring demand.Western sanctions on Russian fuel has choked an already undersupplied market and sent buyers scrambling for the heating fuel.
Could the US Ship More LNG to Europe?
The United States, the world's top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas after Moscow invaded Ukraine on Feb. 24.But U.S. exports are limited by the country's liquefaction capacity and an ongoing outage at Freeport LNG's plant after the second-biggest U.S. LNG export facility was hit by fire in June.Russia…
KR Grants AIP for LNG-fueled LCO2 Carrier
A concept for a liquefied natural gas (LNG)-fueled 40,000-cubic-meter-capacity liquefied CO2 carrier has received approval in principle (AIP) from classification society Korean Register (KR).Interest in CO2 capture, transport and burial is growing as an intermediate step to achieving carbon neutrality, leading to greater demand for technology for LCO2 carriers which can safely transport carbon dioxide…
Ships Get Older and Slower as Emissions Rules Bite
If shipping is the beating heart of global trade, its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut greenhouse gas emissions, many shipping firms are sticking with aging fleets, but older vessels may soon have to start sailing slower to comply with new environmental rules.From next year, the International Maritime Organization (IMO) requires all…
Cheniere Asks Biden Admin to Drop Pollution Rule
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed by Reuters.The request imposes an uncomfortable dilemma on President Joe Biden’s…
Strong LNG Demand to Keep Freight Rates Firm in 2022, Beyond
Tanker rates to ship liquefied natural gas (LNG) are expected to remain firm as market players try to secure cargoes for winter demand amid soaring LNG prices and tight global supply, industry sources said on Friday.The global LNG market has recently tightened further after the war in Ukraine and a major outage at major U.S. facility Freeport LNG curtailed U.S. LNG supply, pushing players to secure…
Asia Spot LNG Prices Rise on Uncertainty over Nord Stream, Japan Supplies
Asian spot liquefied natural gas (LNG) prices jumped this week on fears of possible Russian supply disruptions to Japan and on rising demand due to a heatwave and concerns over the return of the Nord Stream pipeline after its planned 10-day maintenance.The average LNG price for August delivery into north-east Asia was estimated at $41 per million British thermal units (mmBtu), up $2, or 5.1%, from the previous week…
Australia: Shell Ships LNG from Prelude FLNG Despite Staff Stoppages
Shell said on Friday it had loaded and shipped a cargo of liquefied natural gas (LNG) this week at its Prelude floating LNG facilityafter workers scaled-down industrial…
Methanol Dual-fuel VLCC Design Gets Class Approval
A methanol dual fuel 300,000 DWT crude oil carrier (VLCC) has received Approval In Principle (AIP) from classification society Korean Register (KR).The methanol dual-fuel VLCC, which was developed under a joint project between KR and shipbuilder Hyundai Heavy Industries (HHI), is powered by methanol and marine gas oil (MGO). HHI has developed the vessel so that the methanol fuel tank can be placed…
Fincantieri to Build Hydrogen-powered Cruise Ships for MSC's Explora Journeys
Italian shipbuilding group Fincantieri on Wednesday announced it has signed a memorandum of agreement (MOA) with Explora Journeys, the luxury travel brand of the MSC Group's cruise division, for the construction of two hydrogen-powered luxury cruise ships.EXPLORA V and EXPLORA VI will feature a new generation of liquefied natural gas (LNG) engines that will tackle the issue of methane slip and will also be equipped with industry first environmental technologies and solutions…
Avenir LNG Names Baltar CFO
liquefied natural gas (LNG) supplier Avenir LNG announced it has appointed Abigail Baltar as its new chief financial officer.Baltar first joined Avenir assuming the role of head of finance in 2020. She brings with her over 20 years of financial, investment and corporate finance experience, the last 11 of which have been within the shipping and oil and gas industry.Avenir LNG chief executive officer, Peter Mackey, said, "I am delighted to appoint Abigail as our CFO.
Guangzhou Shipyard Delivers Pair of Innovative Newbuild Ships
Guangzhou Shipyard delivered a pair of innovative ships recently: the 274m, 157,300 dwt Greenway reported to be the world’s first LNG dual fuel Suezmax tanker built for Singapore headquartered shipowner Eastern Pacific Shipping Pte. Ltd.; and the 49,990 dwt tanker Stena Pro Marine, the second methanol-fueled ship ever built in China.The Stena Pro Marine was handed over to Proman Stena Bulk, a joint venture between Sweden’s Stena Bulk AB and Switzerland-headquartered Proman…
Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister
Greece can cope well with potential cuts in Russian gas supply due to the availability of liquefied natural gas (LNG) as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security.The country relied on Russian gas via the TurkStream pipeline for 40% of its needs last year. About 70% of its gas imports are used in power generation.Russian…
Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices
Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market.The order, signed on Thursday, creates a new firm to take over all rights and obligations of Sakhalin Energy Investment Co, in which Shell SHEL.L and two Japanese trading companies Mitsui and Mitsubishi hold just under 50%.
Shell Says Prelude LNG Shipments Disrupted Until at Least Mid-July
Shell Plc said on Wednesday liquefied natural gas (LNG) shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two…
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
Enhancing Gas Carrier Reporting and Reducing Crew Burden with ABS Wavesight Nautical Systems™ Voyage Manager
Maritime Reporter TV Interviews Leif Gross, Caterpillar
