LNG News

Keppel snaps up new contract to convert LNG carrier to FSRU

Singapores Keppel Shipyard has won a new contract to convert an LNG carrier to a floating storage and regasification unit (FSRU).The FSRU will be capable of regasifying up to 750 million metric standard cubic feet of natural gas per day, and is scheduled for delivery at the end of 2018.The buyer remained unspecified by the shipyard…

Orderbook China Well in Front

The slowdown in newbuilding orders that has been evident for the last five years has seen a number of casualties among shipyards. Such is the extent of the problem that China, which has held the top spot in shipbuilding for several years now, was forced to merge its two state-owned shipbuilding concerns and effectively close a number of private yards as well.

Teekay Group Announces Second Quarter 2018 Earnings Results Conference Calls NYSE:TK

HAMILTON, Bermuda, July 24, 2018 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2018 before market open on Thursday…
Prinzessin Victoria Luise

Exhaust Emissions and the Cruise Ship Industry

Toward the end of May, environmentalists arrived at the cruise ship terminal at New York City to protest exhaust emissions from cruise ship engines. Specifically, the protest was directed against cruise ship operators that were burning heavy fuel oil in their engines, courtesy of the American administration that has been more flexible that the European Community in terms of ship engine emissions.

Oil Prices Spike Again After Brief Respite

After trading relatively flat on Monday, crude oil prices crept a bit higher on Tuesday morning due to escalating tensions between the United States and Iran.(Click to enlarge)(Click to enlarge)(Click to enlarge)(Click to enlarge)- The market share of crossover utility vehicles (CUVs) has climbed dramatically in recent years…

Snow flurries in July signal more work for Europe's LNG ports

By Anna Shiryaevskaya and Elena Mazneva on 7/23/2018LONDON and MOSCOW (Bloomberg) -- On a hot sunny day in July, Europes largest port is busy loading super-chilled liquefied natural gas onto a tanker, creating snow flurries during a heat wave.The cargo loaded at the Gate terminal in Rotterdam, which was built to import the fuel.

Fact.MR Foresees a 1.2x Increase in Government Funding for Harbo

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected] Fact.MRROCKVILLE, Maryland…

China steps up controls on maritime emissions

July 24 (UPI) -- China's decision to regulate maritime fuels could have a significant impact on international efforts to lower emissions from shipping, analysis finds.Following its so-called Blue Sky initiative, the Chinese Ministry of Transport announced extensions to emission control areas along the coastline. Yujiao Lei…
Princess is building two megaships at Fincantieri

Princess to Build Two 175,000-Ton LNG Ships at Fincantieri - Cruise Industry News

Fincantieri has signed a memorandum of agreement (MoA) with Princess Cruises for the construction of two next-generation 175,000-ton cruise ships which will be the largest ships built so far in Italy with deliveries scheduled in Monfalcone in late 2023 and in spring 2025.The vessels will accommodate approximately 4,300 guests and will be based on a next-generation platform design…

Jamaica celebrates the Day of the Seafarer | Shipping

Jamaica joined the international community in honouring seafarers during the celebration of Day of the Seafarer on June 25, 2018. Day of the Seafarer is an annual observance designated by the United Nations agency, International Maritime Organization (IMO), which is responsible for the safety and security of shipping and the prevention of marine pollution by ships.

SCVNews.com | Princess Cruises to Build 2 Next-Generation LNG Cruise Ships

Santa Clarita-based Princess Cruises, a leading global cruise brand of Carnival Corporation & plc, the world’s largest leisure travel company, on Monday announced a memorandum of agreement with Italian shipbuilder Fincantieri S.p.A. to build two new cruise ships on a next-generation platform designed to further enhance an already world-class vacation experience for its guests.
Credit: Samsung Heavy Industries

South Korean Yards Post Quarterly Loss

Two of the world's largest shipyards, South Korea's Samsung Heavy Industries and Hyundai Heavy Industries, have swung to a net loss.Samsung Heavy Industries said in a regulatory filing that it posted a net loss of 142.7 billion won ($126 million) in the second quarter, compared with a net profit of 22.7 billion won a year earlier.

July 20 Natural Gas Weekly: Weather Vs. Consumption

This report covers the week ending July 20, 2018.Total Supply/Demand BalanceWe estimate that aggregate demand for American natural gas (consumption + exports) totaled around 540 bcf last week (up 2.0% w-o-w and up 6.0% y-o-y). The deviation from the norm stayed positive but declined slightly: from +23% to +22% (see the chart below). According to our calculations, aggregate demand for U.S.

LNG-Powered Ship Ready to Journey Between Jacksonville and San Juan

Crowley Maritime Corp. has taken delivery of El Coquí, a combination container/roll on-roll off (ConRo) ship powered by liquefied natural gas (LNG), from shipbuilder VT Halter Marine Inc.El Coquí is the first of two Commitment Class, LNG-powered ConRo ships being built for Crowleys shipping and logistics services between Jacksonville…
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Keppel Offshore & Marine Secures Contracts for About S$70 Million

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries secured two contracts with a combined value of about S$70 million.In Brazil, Keppel FELS Brasil Ltda has been engaged by its long-standing customer, MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to…

Crowley Maritime Corp. takes control of ship assisting efforts in Puerto Rico from VT Halter

PASCAGOULA, Miss. -- Crowley Maritime Corporation announced on Friday its control of one of the world's first combination container/roll on-roll off (ConRo) ships powered by liquefied natural gas (LNG), from Pascagoula shipbuilder, VT Halter Marine Inc.El Coqui is the first of two Commitment Class, LNG-powered ConRo ships…

Princess Cruises announces giant new ships powered by natural gas

July 23 (UPI) -- Princess Cruises announced plans on Monday for construction of two new cruise ships -- larger than ever and powered by liquid natural gas.The California-based cruise line will add the as-yet unnamed ships in 2023 and 2025 to its current fleet of 17 ships, along with with three more ships currently under…

Fincantieri to build two LNG ships for Princess Cruises

Carnival Corporation has ordered two additional dual-fuel cruise ships, which will join its Princess Cruises brand in late 2023 and spring 2025. The 175,000gt ships will accommodate around 4,300 guests and will be primarily fuelled by LNG to significantly reduce harmful emissions and environmental impact. The new ships…

Norled orders two diesel electric hybrid ferries in Remontowa Shipbuilding

Norways ferry operator Norled has placed an order for two double ended diesel electric hybrid ferries, based on the LMG Marin design LMG 120-DEH.A press release said that the shipbuilding contract was signed on July 11, 2018 with Poland-based Remontowa Shipbuilding.Norled was formerly known as Tide Sjø and has been conducting its activities under the current name since 2012.
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Port Canaveral Plans for Three New Cruise Terminals

Port Canaveral, Florida is one of the largest cruise ports in the world, and it's making plans to become much bigger. Its new master plan calls for three new terminals costing up to $150 million each, with the first coming online in 2020, the second in 2022-2023, and the third between 2027-2030.The first two terminals would be located on the port's eastern side…