Jiangnan Shipyard bags $470m order for LNG duo

China’s Jiangnan Shipyard has been contracted to build a pair of liquified natural gas carriers in a deal worth $470m. China Taiping Insurance Holdings confirmed the deal in Hong Kong Exchange filing which included its non-wholly owned subsidiary Taiping & Sinopec Financial Leasing (TSFL) and its two special purpose vehicles Taiping 26 and Taiping 27.

India considers LNG reserve to cut supply shortages

India is reportedly considering the creation of a strategic reserve of liquefied natural gas (LNG) to protect against potential supply shortages or price spikes in the future, following the country’s energy crisis last year, according to a senior executive at India’s leading LNG importer. The government has “proposed we should have more storage space for

Samsung and Kongsberg to jointly develop LNG ships

South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian marine technology firm Kongsberg Maritime have penned an agreement to jointly develop a design for an autonomous 174,000 cu m LNG carrier. The two parties will leverage the latest remote autonomous and low-emission technology, with SHI acting as a system integrator with overall design responsibility, while

Cedar floating LNG gets environmental certification

Canada’s first Indigenous majority-owned LNG facility received its environmental assessment certificate (EAC) from the British Columbia Environmental Assessment Office. It also received a positive decision statement from the federal Minister of Environment and Climate Change. Cedar LNG is a proposed floating LNG facility located on Haisla Nation-owned land in Kitimat, B.C., with the capacity to

Fully electric harbor tugboat named

HaiSea Marine, majority owned by Haisla Nation in partnership with Seaspan ULC, celebrated the naming and blessing of its tug boat fleet – which includes the world’s first fully electric harbor tug boat, along with dual fuel (LNG and Diesel) escort tug boats. Once delivered, the green fleet will provide ship-assist and escort towing services

ZIM’s LNG ship sets sail

ZIM Sammy Ofer, the first LNG-fuelled containership to join ZIM’s fleet, has kick-started its maiden voyage. The containership departed Asia earlier this week heading for the United States East Coast. The vessel joins ZIM’s flagship service, ZIM Container Service Pacific (ZCP), from Asia to the USA East Coast. After touring U.S. ports Savannah, Charleston, Norfolk,

GAIL to import ethane from the US

GAIL is looking to import ethane from the US, and, it has issued an expression of interest (EOI) for chartering a very large ethane carrier (VLEC) for 20 years, with an option to extend it for another five years. GAIL intends to use the same vessel for co-transporting ethane and LNG in different compartments. GAIL

NYK completes test voyage of Lycaste Peace

NYK Line said that test voyage of the Lycaste Peace was completed on 26 February. The Lycaste Peace, which is owned by NYK Line and chartered by Astomos, was bunkered in Singapore ahead of the voyage with FAME B24 marine biofuel supplied by TotalEnergies Marine Fuels. The demonstration was part of a project to establish

Orders for methanol-fuelled ships increasing rapidly

According to Alphaliner, methanol boxship orders have grown more rapidly than LNG in the last six months, while carriers have all but ditched orders for conventional fuel oil tonnage with just 8% of orders by capacity so far this year going for the old fashioned bunker fuel. LNG and methanol dual-fuel tonnage now represent 40%

LNG at forefront of Dutch foreign fossil fuel funding

The Netherlands is assessing several applications for international fossil fuel projects that could be granted state funding until the end of 2023, most of which target the LNG supply chain. Dutch export credit agency Atradius — in charge of the country’s public financing for foreign fossil fuel projects — received 10 such applications before the