ABS releases report on nuclear LNG carrier design

The American Bureau of Shipping (ABS) has released a new report Pathways to a Low Carbon Future LNG Carrier Nuclear Ship Concept Design to address challenges to nuclear technology at sea. The 14-page report looks at the potential of advanced nuclear technology for maritime applications, with a study of a small modular reactor (SMR) on a standard

COSCO and Sinopec venture readies LNG carrier orders

China Energy Shipping Investment (CESI), a joint venture between COSCO Shipping and Sinopec, is set to order three 175,000 cu m LNG carriers worth around $761m. In a regulatory filing, Sinopec said the Hong Kong-incorporated investment holding company, 51% owned by Shanghai Cosco Shipping LNG, a subsidiary of COSCO Shipping Energy Transportation and 49% owned

Tata Steel becomes first Indian company to use LNG carrier

Tata Steel has adopted various “industry first” initiatives in sustainability. Reiterating its commitment to a sustainable future, the steel major becomes the first Indian company to import cargo on a bulk carrier that uses LNG as fuel instead of traditional VLSFO (Very Low Sulphur Fuel Oil). This groundbreaking vessel sets a new benchmark for sustainable

First direct shipment of Australian gas arrives in Europe

The ongoing redrawing of the seaborne energy trading map in the wake of the war between Russia and Ukraine is making for some extraordinarily long journeys. Woodside Energy Group announced today it has shipped an LNG cargo direct to Europe from Australia’s North West Shelf project for the first time. The 75,000 tonne cargo was

Wärtsilä to help Capital Gas cut GHG emissions

The Finnish technology group Wärtsilä has partnered up Capital Gas Ship Management Corp. to develop a new Fleet Decarbonisation Programme aimed at boosting the efficiency of the company’s LNG carrier fleet. The agreement was signed in June 2022 and will be applied to a fleet of six 174,000 cbm LNG carriers within the Capital Gas

DSME wins contract to build LNG carrier for Qatar

Daewoo Shipbuilding & Marine Engineering (DSME), South Korean shipbuilder, has won a KRW 1.07 trillion ($851.7 million) order for the construction of four LNG carriers for the Qatar LNG project. The newbuild will be equipped with a low-pressure dual-fuel propulsion engine (ME-GA) and re-liquefaction facility, which is an eco-friendly ship that can significantly reduce air

Golar LNG and Snam agree to transform an existing LNG carrier into FSRU

Golar LNG and have entered a €269m contract to transform an existing LNG carrier, dubbed Golar Arctic, into a floating storage and regasification unit (FSRU). The contract covers the vessel and capex for its conversion into an FSRU. The FSRU will be installed by Snam in the port area of Portovesme in Sardinia, an Italian

NYK inks charter contact with CNOOC for six new LNG carriers

Japan’s Nippon Yusen Kaisha (NYK) has gone to Shanghai for its latest expansion of its LNG fleet, inking orders for six 174,000 cu m vessels with CSSC Hudong-Zhonghua Shipbuilding worth a combined $1.26bn. China National Offshore Oil Corporation (CNOOC) will take the vessels on long term charter with delivery dates stretching all the way out

MOL and Mitsui sign time charter agreement for LNG carrier

Japan’s Mitsui OSK Lines (MOL) has signed a time charter agreement with domestic trading firm Mitsui & Co for an LNG carrier. The 174,000m³ vessel is expected to be delivered in 2024. It will primarily be used to supply LNG for Mitsui & Co projects across the world. The vessel will be equipped with a

NYK seals long-term LNG carrier charter with GAIL

Japan’s NYK has signed a multi-year time-charter contract with GAIL (India) for 2021-built 174,000 cm LNG carrier Grace Emilia. The vessel is equipped with a WinGD dual-fuel slow-speed diesel engine and can operate on marine gas oil or boil off gas stored in the cargo tank. “NYK had been in discussions with GAIL for time-charter