SustainabilityUECC has secured USD 70 million in green financing for its new hybrid LNG and battery-driven car carriers, taking the company beyond IMO’s target of 40% carbon reduction by 2030. The new vessels will be...Read more
LNGA consortium of JGC, Fluor and TechnipFMC have won the tender for Africa’s largest liquefied natural gas project that could cost USD 33 billion to build. Scheduled to commence operations in 2025, the Rovuma LNG...Read more
Ro/ro shippingPRESS RELEASE – Close on the heels of their call for two new battery hybrid LNG Pure Car & Truck Carriers (PCTC), UECC has confirmed an option with China Ship Building Trading and Jiangnan Shipyard...Read more
LNGJapan will invest an extra USD 10 billion on liquefied natural gas projects worldwide to boost the LNG market and reinforce the security of energy supply, the minister of Economy, Trade and Industry (METI) said...Read more
Finnish energy supplier Elenger has started delivering LNG in the port of Hanko. First customers are the largest shortsea dual fuel car carriers in the world, the Auto Energy and Auto Eco of UECC.
Sister ships...Read more
Spliethoff has signed a long-term charter agreement with bioproducts manufacturer UPM to design and build seven LNG-powered vessels, which will be chartered through Spliethoff’s affiliate shipping companies Bore and Wijnne Barends. The vessels will provide...Read more
LNG MarketGeneral Electric’s oil field services provider Baker Hughes beat expectations for the second quarter thanks to strong growth in the LNG market. The company booked USD 6.6 billion in orders and recorded an operating income...Read more
TechnipFMC has booked record inbound orders in the second quarter of 2019, with total company orders reaching a value of USD 11.2 billion. CEO Doug Pferdehirt contributes the success to TechnipFMC’s fully integrated EPCI solutions...Read more
ThroughputThe port of Zeebrugge has recorded a growth of 12.5% in the first semester of 2019. In total, the Belgian port handled 21.9 million tons of cargo.
The growth is mainly attributable to the roll-on/roll-off traffics...Read more
Oil&GasOffshore contractors Van Oord and TechipFMC have been awarded a large EPCI contract for Anadarko’s Mozambique LNG project. The total contract value exceeds USD 1 billion.
Van Oord and TechnipFMC are contracted for the engineering, procurement,...Read more
Plant constructionA swift trade deal between the US and China could propel the US to the top of China’s LNG supplier list, shows a report from Morgan Stanley. That would be a win-win-win for Trump, Xi...Read more
LNGShell today announced that the first shipment of liquefied natural gas has sailed from its enormous Prelude FLNG production facility, that is located 475 kilometres North East of Broome in Western Australia, in a region...Read more
ConstructionThe escalation of the trade war between the United States and China jeopardizes the construction of several mega LNG projects, likely postponing the forecasted wave of project cargo shipments that are needed to build the...Read more
CranesESL’s new LNG-powered flagship bulk carriers were unable to operate as planned during the first quarter due to serious technical issues with the cranes. According to the company’s parent Aspo Group, these problems are now...Read more
ConstructionEPC contractors and project carriers can expect a rise in demand as final investment decisions are taken on the construction of a large number of new LNG plants. Over the next two years, almost 90...Read more
Heavy transportBoskalis has won a large contract for the transportation of LNG-modules for a North American export facility. The contract has a value 55 million US dollars with additional options for extensions, worth up to 30 million.
The...Read more
A consolidation wave is set to hit the breakbulk sector in the coming years. Consequently, larger companies will grow even bigger while smaller ones will exit the market. This according to Ove Meyer, managing partner...Read more