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

Maersk Line explores using LNG for its fleet

Even though Maersk Line has stated clearly that low-sulfur fuel is the answer to the global 2020 sulfur cap, the liner company is actively looking into LNG as a fuel alternative, COO Søren Toft tells ShippingWatch. LNG is becoming more financially attractive, he says.

Major bank supports LNG for green shipping

French bank Société Générale has joined the SEA/LNG coalition and will thus be part of the work to spread LNG as marine fuel. This is the latest example of a bank getting involved in the environmental decisions of the shipping industry.

CMA CGM and Total sign LNG deal for mega-vessels

Total will supply the LNG that CMA CGM's new fleet of huge container ships will sail on, once they are delivered, beginning in 2020. The contract between the oil company and the container carrier is set to run ten years.

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.

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