liquefied natural gas (LNG)

BHP Group Expects Three More LNG Bulk Carriers

BHP Group expects to receive three more bulk carriers powered partly by liquefied natural gas (LNG) in the next six to nine months, part of the company’s plans to cut emissions from shipping, says an article published on Reuters.

Volatile prices

BHP, which received its first two LNG-fuelled vessels earlier this year, has locked in some term supplies of LNG buffering the company from volatile prices and is studying the potential for biofuels, Fergus Eley, BHP’s Head of Maritime Enterprise, told...

https://mfame.guru/bhp-group-expects-three-more-lng-bulk-carriers/

Transition to LNG driven by container and tanker sectors

The rate of construction of liquefied natural gas (LNG)-powered vessels has witnessed positive growth, while the number of ports that can refill them continues to rise.

Following the constant disruptions in supply and spike in demand, container shipping charges skyrocketed to an all-time high. Dry bulk transportation prices then climbed to rates never seen over decades. LNG shipping is now a part of the contest as well. LNG shipping charges have increased again by 40% in a single day.

What is...

https://container-news.com/transition-to-lng-driven-by-container-and-tanker-sectors/

Port NOLA and CLEANCOR to bring LNG solutions

Port of New Orleans (Port NOLA) and CLEANCOR Energy Solutions LLC, a subsidiary of SEACOR Holdings Inc., signed a memorandum of understanding (MOU) on 17 August to collaborate on ways to provide liquefied natural gas (LNG) fueling solutions to ship owners and operators within Port NOLA’s jurisdiction that would benefit from reduced environmental emissions.

CLEANCOR, an alternative energy company, will work with the US port to help provide LNG to port customers and marine operators in Port NOLA’s...

https://container-news.com/port-nola-and-cleancor-to-bring-lng-solutions/

China Overtakes Japan As World’s Top LNG Buyer

China Overtakes Japan As World’s Top LNG Buyer, says an article on Xinder Marine.

World’s largest buyer

China’s rising imports of liquefied natural gas (LNG) position it to surpass Japan this year as the world’s largest buyer of the superchilled fuel, pricing data and cargo tracking firm ICIS Edge said on Wednesday.

The shift – which some analysts had not expected until 2022 – could happen very soon on a 12-month rolling basis as China’s strong economic recovery, cold weather and a crackdown on...

https://mfame.guru/china-overtakes-japan-as-worlds-top-lng-buyer/

Tellurian and Gunvor Sign 10-Year LNG Agreement

Tellurian and Gunvor Sign 10-year LNG Agreement for 3 mtpa says a press release published on their website.

10-Year LNG Agreement

Tellurian Inc. and Gunvor Singapore Pte Ltd announced today a liquefied natural gas (LNG) sales and purchase agreement (SPA) for three million tonnes per annum (mtpa) for a ten year period, indexed to a combination of two indices; the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), netted back for transportation charges. The LNG would be...

https://mfame.guru/tell-and-gunvor-sign-10-year-lng-agreement/

Pressure On Shipping Industry To Cut Emissions and Exit LNG

The shipping industry faces pressure to cut emissions and exit LNG, says an article on Global Trade Review.

Urge to reduce emissions

The shipping industry is under pressure to reduce emissions after environmental groups urged the European Commission to exclude liquefied natural gas (LNG) and biofuels as sustainable alternatives for vessels in an upcoming maritime fuel law in the European Green Deal.

In a letter dated May 12, 17 NGOs told the Commission to “explicitly exclude biofuels and fossil...

https://mfame.guru/pressure-on-shipping-industry-to-cut-emissions-and-exit-lng/

Marseille Fos port focuses on LNG bunkering operations

Port of Marseille Fos has announced its aim to become the liquefied natural gas (LNG) hub in the Mediterranean, following the completion of a second bunkering operation on 15 June, after a first LNG ship-to-ship bunkering operation in early May.

The Port of Marseille Fos, Costa and Shell repeated successfully the first bunkering operation, demonstrating the port’s ability to develop this type of refuelling operation.

The port said LNG is a clean alternative energy that limits the impact of...

https://container-news.com/marseille-fos-port-focuses-on-lng-bunkering-operations/