CoolCo buying two LNG carriers newbuilds

LNG shipowner Cool Company (CoolCo) has exercised its option to acquire two newbuild LNG carriers from affiliates of EPS Ventures. CoolCo said that the Mega LNG carriers were scheduled to be delivered from Hyundai Samho Heavy Industries (HHI) in September and December of 2024. The two newbuilds have a cargo capacity of 174,000 cbm, a

CMES orders LNG newbuilds

The Shanghai-listed energy transport unit of China Merchants Group has signed for a pair of 175,000 cu m liquefied natural gas (LNG) carriers in a $470m deal, or $235m per unit.

Seapeak books five LNG carrier newbuilds

Seapeak has booked five liquefied natural gas (LNG) carriers for construction at South Korea’s Samsung Heavy Industries (SHI). Stonepeak’s gas ship owner is paying around $1.1bn for the 174,000 cu m ships expected for delivery in 2027. The newbuilds are backed by ten-year charters with an unnamed international energy major, which can be extended at

MOL books three more LNG newbuilds

Japan’s Mitsui OSK Lines (MOL) has signed another long-term charter contract with QatarEnergy for three newbuild liquefied natural gas (LNG) carriers. The vessels will be built at CSSC-affiliated Hudong-Zhonghua Shipbuilding and are scheduled for delivery in 2027. MOL signed a long-term charter contract with QatarEnergy in April 2022 for four newbuilds, and the latest deal

WinGD to power QatarEnergy’s newbuilds

WinGD’s latest generation of X72DF-2.1 engines will power 25 vessels as part of the QatarEnergy’s North Field East (NFE) project, the biggest LNG carrier newbuilding project in history. The 50 dual-fuel engines, which feature the new on-engine intelligent control by exhaust recycling (iCER), were selected by multiple shipyards and shipowners, highlighting strong confidence in WinGD’s

Gas liquefaction capacity expected to double by 2028 in the world

Clarksons Research is predicting a double of liquefaction capacity by 2028. The newbuild orderbook now stands at 40% of existing capacity, up from 27% at start 2021, while 32% of existing capacity is steam turbine and there are uncertainties around the impact of upcoming EEXI and CII regulations. Record LNG newbuild carrier contracting has seen

Marine battery market to touch $1.99 bn in 2030

Marine Battery Market is segmented by Battery Type (Lithium, Lead acid, and Others), Ship Type (Commercial and Defense), Function (Starting, Deep Cycle, and Dual Purpose), Nominal Capacity (Less than 150 Ah, and More than 150 Ah), Sales Channel (OEM and Aftermarket), and Battery Density (<100 WH/KG and More than 100 WH/KG). Global Opportunity Analysis and