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LNG

Read all the latest news about LNG. ShippingWatch gives you independent, credible, critical and fair news.

Only few unemployed gas vessels in the Atlantic

Over the course of just a few days, the number of unemployed LNG vessels has come to a minimum. This will make a big impact on two carriers in particular which have multiple ships in the spot market.

BP expands LNG fleet with six vessels

Oil major BP is noting a surge in demand for liquefied natural gas, LNG, and will in the next two years take delivery of six new LNG vessels in cooperation with, among others, China's ICBC Leasing.

Golar LNG appoints new CEO

Tanker carrier Golar LNG has hired a new CEO in an effort to focus more on growth. The new CEO joins the carrier from an Australian consulting firm that deals mainly with the energy sector. Analysts praise the decision.

Exmar turned red in the first half of the year

Belgian tanker carrier Exmar booked a deficit for the first half of the year, a period in which the carrier's LNG activities in particular had a negative impact, while LPG and offshore also caused problems.

Höegh LNG sees huge potential in new alliance

Norwegian gas carrier Höegh LNG booked a USD 8.5 million profit in the second quarter. A new strategic alliance with an Arab carrier is a positive indicator of the expected boom for floating LNG terminals, says the CEO in the rpeort.

MOL charters four LNG vessels

Demand for LNG transport will grow big-time, projects MOL, which has chartered four vessels on long-term contracts to service a Russian gas project.

Qatar spat could hit Hapag-Lloyd capital expansion

Qatar owns close to 15 percent of the share capital in Hapag-Lloyd, and this could pose problems for the planned capital expansion in light of the state's current conflict with its Arab neighbors, writes Alphaliner. Several container carriers are already hit by the boycott against Qatar.

LNG market nervously awaits outcome of Qatar dispute

If the conflict between Qatar and its neighboring states escalates further, the development could impact the supply of LNG. Six LNG vessels have so far been denied access to the United Arab Emirates, reports Reuters. But a consultant remains optmistic.

Höegh LNG beat expectations in first quarter

The gas carrier finished the first three months of the year with improvements across the board, a development attributed in particular to a new project in Colombia. The carrier also beat market expectations. "Balance sheet remains rock solid," notes Fearnleys.

Singapore aims to be ready for LNG in 2020

Singapore is banking on being ready to fuel vessels with LNG from 2020 when global sulfur requirements take force, says the country's minister for trade to the newspaper Straits Times.

Belgium's Exmar calls off purchase of Dutch gas fleet

Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.

Exmar expects challenging gas market in 2017

Tanker carrier Exmar saw its revenue slide in 2016, though the bottom line grew following a series of one-off incomes, including payment for a canceled contract. A weak product tanker market combined with many new vessels will make 2017 challenging.

Exmar venter svært gasmarked i 2017

Tankrederiet Exmar fik en lavere omsætning i 2016, hvor bundlinjen dog røg i vejret efter en række engangsindtægter for blandt andet aflyste kontrakter. Et svagt produktmarked kombineret med mange nye skibe vil gøre 2017 svært.

Nakilat suffers marginal setback in tough market

Earnings at the Arabian LNG carrier decreased by a little under QAR 30 million in 2016. Despite the downturn in the oil and gas market and overcapacity in the shipping markets, the carrier is pleased with the result.

Höegh LNG is partner in a huge Pakistani gas project

Norwegian gas carrier Höegh LNG has now become a partner in a huge gas project in Pakistan, where the company will also deliver and operate one of the FRSU plants. The consortium also includes energy companies such as ExxonMobil and Total.

JP Morgan believes in improved shipping markets after 2018

J.P. Morgan has taken a closer look at the prospects for all shipping segments, and the investment bank points to the winners and losers among the shares. ShippingWatch presents a brief summary of the bank's predictions for container, dry bulk, tanker, and gas.

JP Morgan: Small bright spots for LNG shipping

LNG shipowners can look forward to small peaks in the market though a de-facto restoration of balance remains far off, projects J.P. Morgan. LNG companies could open up for increased export to Asia.

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