LNG News

Wood Mackenzie releases FLNG report

Wood Mackenzie has released a new report on floating LNG (FLNG), asking if FLNG has crested the wave.Wood Mackenzie claims that, despite its small share of the total LNG market, FLNG has generated outsized interest in recent years. In a world that requires tight capital disciple, Wood Mackenzie claims that FLNG offers lower capital investment and manageable costs…

Teekay Corp (NYSE:TK) will be paying shareholders dividends of $0.06 on Feb 14, 2019.

Teekay Corp (NYSE:TK) is expected to pay $0.06 on Feb 14, 2019. Shareholders owning the stock before Jan 31, 2019 will be eligible to receive the payout. Based on Teekay Corp’s current price of $3.48, the dividend is 1.58 %. This dividend’s record date is Feb 1, 2019 and the announcement date is Jan 8, 2019. The stock decreased 0.85% or $0.03 during the last trading session, reaching $3.48.

Malaysia’s total trade up 5.9% to RM1.8 trillion in 2018

Electrical and electronic products made up the biggest composition of Malaysias exports in 2018. (File pic)KUALA LUMPUR: Malaysias total trade in 2018 expanded 5.9% to RM1.876 trillion from RM1.771 trillion in 2017 as the country witnessed stronger-than-expected export growth during the year under review.International Trade…

SHI Wins Order For LNG Carrier Pair From Celsius

South Korean shipbuilding giant Samsung Heavy Industries(SHI) has won a new order to build two liquefied natural gas (LNG) carriers from Copenhagen-based Celsius Tankers.The shipbuilder said the first order for two 180,000 cbm LNG Tankers is worth 419 billion won (USD376mln). The vessels are scheduled for delivery in 2021.The…

Crowley Continues Strong Start to 2019 with Arrival of 1,500 New Containers

To better serve its diverse customer base, Crowley Logistics has invested almost $30 million in new cargo carrying equipment over the last year. The latest arrivals under this acquisition include 1,500, 45-foot (102-inch wide) dry container units, which are being delivered to multiple port locations where they will be assimilated…

Buy or Sell? Quant Data Scores in Focus for Ruth’s Hospitality Group, Inc. (NasdaqGS:RUTH), Flex

Ruth’s Hospitality Group, Inc. (NasdaqGS:RUTH) has a Q.i. Value of 27.00000. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield.

11 people die as vessels in Kerch Strait catch fire

Eleven people died after two liquefied natural gas (LNG) tankers, bearing Tanzania's flag, in the Kerch Strait caught fire on Monday.Sailors from India and Turkey were on board the vessels when the incident occurred. There were 31 crew members in total on both the vessels, Russia's Federal Agency of Maritime and River Transportation (Rosmorrechflot) told Sputnik.Out of the crew members…

Why Dynagas LNG Partners Stock Dropped 29%

What happenedShares of liquefied natural gas tanker company Dynagas LNG Partners (NYSE: DLNG) hit a reef on Monday, falling 29.1% as of 12:40 p.m. EST.Dynagas announced on Friday after close of trading that it is cutting its "quarterly cash distribution" (commonly thought of as a dividend) by 75% to just $0.0625 per unit.A…
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CSSC to build and finance 36 newbuilds

China State Shipbuilding Corporation (CSSC), has inked newbuilding contracts for 36 newbuildngs worth a total contracts value of over RMB10bn ($1.48bn) and financed by its Hong Kong leasing arm.The vessels will be built at a number of different yards under the CSSC umbrella and CSSC (Hong Kong) Shipping Company, will provide…
Palo Alto Networks, Inc. (NYSE:PANW) Logo

Wafra Investment Advisory Group Maintains Stake in Cheniere Energy (LNG); White Elm Capital Has Inc

White Elm Capital Llc increased its stake in Palo Alto Networks Inc (PANW) by 29.03% based on its latest 2018Q3 regulatory filing with the SEC. White Elm Capital Llc bought 12,600 shares as the company’s stock declined 24.09% with the market. The hedge fund held 56,000 shares of the technology company at the end of 2018Q3…

CMA CGM Successfully Achieves LNG Bunkering

The CMA CGM Group has announced that the first liquefied natural gas (LNG) refueling (bunkering) of one of its subsidiaries vessels was successfully carried out on January 24th through its subsidiary Containerships, an expert in intra-Europe, which it acquired last October.Over the course of this unprecedented operation which took place at the Port of Rotterdam…

S. Korean shipbuilders eye big LNG tanker orders from Qatar

South Korean shipbuilders are going all out to vie for 40 units of super large liquefied natural gas (LNG) vessels from Qatars state-owned oil company Qatar Petroleum (QP) which recently visited their shipbuilding sites.QP officials toured major shipyards in Korea, China and Japan to assess their capacities to build super-sized LNG carriers…
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Institutional Positions Chart

International Business Machines (IBM) Shareholder Private Trust Co Cut Its Stake by $523,064 as Mark

Private Trust Co decreased its stake in International Business Machines (IBM) by 32.46% based on its latest 2018Q3 regulatory filing with the SEC. Private Trust Co sold 3,464 shares as the company’s stock declined 16.83% with the market. The institutional investor held 7,206 shares of the computer manufacturing company at the end of 2018Q3…

Flex LNG Ltd (OB:FLNG), Revance Therapeutics, Inc. (NasdaqGM:RVNC) Quant Score & ROE in Focus

Today we are spotlighting shares of Flex LNG Ltd (OB:FLNG) and looking at how the firm stacks up in terms of valuation by the numbers. One of the most important ratios to look at when weighing an investment decision is the Return on Equity of the company. At the time of writing Flex LNG Ltd has an ROE of -0.000290. With ROE…

Tokyo Gas CEO says to step up overseas LNG investment

TOKYO (Reuters) - Japanese gas distributor Tokyo Gas will target investment in overseas infrastructure projects in liquefied natural gas (LNG) and renewable energy to boost its offshore earnings, its chief executive said. FILE PHOTO - A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. Picture taken November 13, 2017.

Golar LNG Limited (GLNG) Stake Increased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC grew its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 52.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,420 shares of the shipping company’s stock after acquiring an additional 160,189 shares during the quarter. Frontier Capital Management Co.

The Zacks Analyst Blog Highlights: Teekay LNG, Frontline, GasLog, Navios and Pyxis

For Immediate ReleaseChicago, IL -January 29, 2019 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Teekay LNG Partners L.P.TGP…
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Cypress Funds Decreased Cheniere Energy (LNG) Position by $6.90 Million; Shares Declined; Magellan M

Heronetta Management Lp decreased its stake in Magellan Midstream Prtnrs Lp (MMP) by 7.21% based on its latest 2018Q3 regulatory filing with the SEC. Heronetta Management Lp sold 18,342 shares as the company’s stock declined 13.13% with the market. The institutional investor held 235,879 shares of the natural gas distribution company at the end of 2018Q3…

China's Crackdown on Pollution Is a Boon to the World's Shipbuilders

The worlds biggest shipbuilder sees Chinas cleanup of its smoggy skies lifting prices of the vessels this year.As China prioritizes dealing with the smog that has famously blanketed Beijing and other big cities, the worlds second-biggest economy is increasingly turning to liquefied natural gas as a replacement for coal for heating and other purposes, boosting imports of the cleaner fuel.

Air on cruise ships as dirty as Beijing's, study claims

The air on some cruise ship decks could be as polluted as major cities - Daniel SteinMoreThe air on cruise ships is at times as polluted as in major cities, according to new research.Measuring the levels on four large cruise ships between 2017 and 2018, the study by researchers at John Hopkins University in Baltimore, US…