HMM enters bidding to take over Hyundai LNG Shipping

HMM has decided to enter the bidding to acquire its former LNG shipping operation that was spun off a decade ago during the company’s liquidity crisis. The Korea Herald is reporting on Friday that HMM notified IMM Holdings, owners of the gas carrier, of its intent to enter the bidding and to begin a due

Posco International signs a charter deal with H-Line

Posco International, the trading arm of South Korean steelmaker Posco, has penned a charter deal with compatriot H-Line Shipping for a newbuild liquefied natural gas (LNG) carrier. The 174,000 cu m vessel will be built by Hyundai Samho Heavy Industries and delivered in the first half of 2025. The company, which merged with Posco Energy

GTT and SWS obtain approval from BV for LNG design

 French LNG containment specialist GTT and Chinese shipbuilder Shanghai Waigaiqiao Shipyard (SWS) have obtained approval in principle from classification society Bureau Veritas (BV) for the design of LNG dual-fuel very large crude carrier. This approval is part of a joint development project (JDP), started by the partners in May 2022. SWS has designed the vessel

ADNOC Gas signs LNG supply agreement with TotalEnergies

ADNOC Gas plc has announced a three-year supply agreement with TotalEnergies Gas and Power Limited, a subsidiary of TotalEnergies for the export of LNG. The deal underscores ADNOC Gas’ position as a global LNG export partner of choice and cements TotalEnergies as a key strategic partner for ADNOC Gas in the LNG market, representing another

LNG orderbook for containership ship stands at a record high

The global orderbook currently stands equivalent to a “moderate” 10% of fleet capacity, though varies significantly by sector, according to the latest data from Clarksons Research. The orderbook to extant fleet stands at just 4% of the tanker fleet, 7% of the bulker fleet, a sizeable 29% of the containership fleet and an all-time high

Vopak to acquire 50% shares in EemsEnergyTerminal

Dutch companies Vopak and Gasunie have announced a new agreement for Vopak to acquire 50 per cent of the shares in EemsEnergyTerminal. The transaction is expected to be completed by 1 October, following approval from competition authorities. EemsEnergyTerminal has been operational since 15 September 2022 and has a regas capacity of 8 billion cubic metres

Green Planet Logistics to use LNG for cement transport

The deployment of its vehicles to UltraTech Cement’s bulk terminal in Pune has been announced by Green Planet Logistics, India’s first heavy trucking logistics company to use LNG fuel. With this second deployment of GreenLine’s LNG-powered fleet of trucks, following the initial deployment at its Awarpur Cement Plant near Nagpur, UltraTech is making progress in

LNG dual fuel chemical tanker launched

Japan’s Fukuoka Shipbuilding has launched a new chemical tanker for U.S. based shipping company Fairfield Chemical Carriers (FCC). The newly built Fairchem Pioneer is FCC’s first liquefied natural gas (LNG) dual-fuel stainless steel chemical tanker. According to FCC, the vessel’s LNG propulsion technology reduces carbon dioxide emissions by up to 25% compared to traditional marine

CMA CGM orders methanol and LNG powered boxships

French carrier CMA CGM has placed orders for 16 dual-fuel containerships at China State Shipbuilding Corporation (CSSC) in a record deal worth around $3.06bn. The world’s third-largest liner has booked a dozen methanol powered 15,000 teu units and a quartet of 23,000 teu LNG-fuelled ships in what is being called the biggest order for large

PNGRB issues technical standards for refineries

The Petroleum and Natural Gas Regulatory Board (PNGRB) has notified technical standards for uniform operation and maintenance (O&M) of refineries and gas processing plants. India, the world’s third largest energy consumer, is also the fourth biggest refiner and liquefied natural gas (LNG) importer globally. India’s total installed refinery capacity is more than 251 million tonnes