PIL places order for four LNG-fuelled container ships

Pacific International Lines (PIL) has placed an order at Yangzijiang Shipbuilding in China for the construction of four 8,000 teu dual-fuel containerships. The shipbuilder will deliver the vessels in 2025. No price has been revealed for this order. The vessels will initially be powered by liquefied natural gas (LNG), but will also be equipped with

Kogas to collaborate with TotalEnergies in exploring LNG opportunities

South Korea’s state-run, Korea Gas Corp., to collaborate with French supermajor TotalEnergies to explore more liquefied natural gas (LNG) marketing and development opportunities. Asper the agreement, both companies will improve LNG and low-carbon energy trading to increase price stability. Kogas is one of the world’s largest buyers of LNG and imports about 90% of all

First LNG dual-fuel Suezmax oil tanker delivered in China

Built by China Guangzhou Shipyard International (GSI), the world’s first LNG dual-fuel Suezmax oil tanker was delivered in southern China’s Guangzhou. The 158,000-dwt vessel is the largest LNG dual-fuel green tanker in south China.The vessel is about 274 meters long, 48 meters wide, and 23.7 meters deep. It meets the Tier III emission standards promulgated

CMA CGM enters into an agreement with Shell for LNG fuel supply

Shell and CMA CGM have entered into a multi-year agreement on the supply of LNG fuel for CMA CGM ships in the Port of Singapore. As partofthe deal, the LNG bunkering will be executed by FueLNG, a joint venture between a unit of Shell in Singapore and Keppel Offshore & Marine (Keppel O&M). The bunkering

HJSC bags order to build two dual-fuel LNG container ships

HJ Shipbuilding & Construction (HJSC) bags a $240 billion contract with a European ship owner to build two 7,700 TEU dual-fuel LNG container vessels. The deal also includes an option for the construction of two more ships.    With this successful bid of two 7,700TEU container ships, the global shipbuilding company now has 8 container

Samsung bags orders for 14 LNG carriers construction

South Korea’s Samsung Heavy Industries has bagged orders worth $3bn for the construction of 14 liquefied natural gas (LNG) carriers. The shipbuilder said it would build twelve 174,000 cu m units for an undisclosed Bermuda-based shipowner, who is paying $2.57bn to have the vessels delivered by July 2026. In a separate order the shipbuilder received

Navios Maritime invests $241m for dual-fuel boxship newbuilds

Navios Maritime Partners has agreed to purchase two newbuild liquified natural gas (LNG) dual-fuel 7,700 teu containerships for $241.2m. The two boxships have been chartered-out for 12 years to an undisclosed liner at an average rate of $42,288 per day. The deal can be extended for an additional two years at $24,875 per day. The

ConocoPhillips now joins QatarEnergy’s NFE LNG project

QatarEnergy signed a deal with ConocoPhillips COP.N for the Gulf state’s North Field East expansion, the world’s largest liquefied natural gas (LNG) project, following agreements with TotalEnergies TOTF.PA and Eni ENI.MI. Qatar is partnering with international companies in the first and largest phase of the nearly $30 billion expansion that will boost Qatar’s position as

MSC’s LNG-powered cruise ship completes sea trials

The MSC World Europa completed sea trials in the Atlantic as she prepares to enter service in November 2022. The LNG-powered cruise ship is also set to become the largest LNG cruise ship, and one of the world’s largest cruise ships. Measuring 1,092 feet in length, the new cruise ship will be approximately 205,700 gross

Eni enters NFE LNG project in Qatar

Eni has been selected by QatarEnergy as a new international partner in the North Field East (NFE) expansion project. Eni signed the partnership agreement for the creation of the new Joint Venture company. Asper the agreement, QatarEnergy will hold a 75% interest while Eni the remaining 25% interest. The JV will hold 12,5% interest in