liquefied natural gas

Venture Global swoops on 9 in-build LNG carriers

Arlington, Va., headquartered U.S. LNG export terminal operator Venture Global LNG is getting into vessel ownership. Yesterday, it announced the acquisition of nine LNG carriers currently under construction by an undisclosed South Korean shipbuilder (or shipbuilders). It says that deliveries of the ships will start later this year. Six vessels will have a cargo capacity of 174,000 cubic meters each and three a cargo capacity of 200,000 cubic meters each. All nine ships will be primarily fueled...

https://www.marinelog.com/news/venture-global-swoops-on-9-in-build-lng-carriers/

As Tanker Supply Declines, Traders Pay More Than $200,000/Day To Ship LNG

Credit: ConocoPhilips
  • It costs traders more than $200,000 a day to ship liquefied natural gas in the Atlantic basin, per Bloomberg.
  • Daily charter rates to ship LNG for October and November are at $206,750 and $284,750, respectively.
  • A growing number of traders have been using ships as floating storage, crimping tanker supply.

It costs more than $200,000 a day for traders to ship liquefied natural gas as tanker supply dwindles, highlights a Market Business Insider news source.

$200,000 a day to...

https://mfame.guru/as-tanker-supply-declines-traders-pay-more-than-200000-day-to-ship-lng/

World’s first LNG-fuelled Newcastlemax bulker fills up in Singapore

Pictured: gas burning. Domestic cooking gas is natural gas. Photo credit: Magnascan, via Pixabay.

Bulk carrier, Mount Tourmaline, said to be the world’s first liquefied natural gas fuelled Newcastlemax bulker. According to a statement from the operator, Eastern Pacific Shipping, the vessel has fuelled up at Singapore. A “Newcastlemax” is, as its name suggests, the biggest size of ship that can physically fit into the Australian port of Newcastle.

The 209,000 deadweight ship is one of a fleet of...

https://www.shippingaustralia.com.au/worlds-first-lng-fuelled-newcastlemax-bulker-fills-up-in-singapore/

PHMSA seeks to suspend transport of LNG by rail

A photograph of a train of tank cars rolling through a rail crossing.

The Pipeline and Hazardous Materials Safety Administration (PHMSA) is seeking comments on whether it should suspend a July 2020 rule enabling the transport of liquefied natural gas via rail.

The suspension would last either until June 30, 2024, or a separate, companion rulemaking on whether to approve modifications to the requirements governing LNG by rail is completed.

PHMSA, which is collaborating with the Federal Railroad Administration (FRA) on this proposed rulemaking notice, is taking...

https://www.freightwaves.com/news/phmsa-seeks-to-suspend-transport-of-lng-by-rail

Borderlands: Texas lawmakers criticize effort to restrict energy sales to Mexico

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas lawmakers criticize effort to restrict energy sales to Mexico; US blocks tomato imports from Mexican farm; Nuvocargo boosts team with hires from Uber, McKinsey; and Hutchison Port Holdings breaks container delivery record at Mexican port.

Texas lawmakers criticize effort to restrict energy sales to Mexico

A bipartisan group of Texas lawmakers has united in...

https://www.freightwaves.com/news/texas-lawmakers-criticize-effort-to-restrict-energy-sales-to-mexico

“K” Line to buy eight next-gen environmentally-friendly car carriers

Cars will increasingly be transported in an ever-more environmentally-friendly way. Photo credit: Well Thought Out User Name via Pixabay.

Shipping major Kawasaki Kisen Kaisha Ltd (“K” Line) has announced plans to buy eight new car carriers.

The new vessels will be more environmentally-friendly as they will be fuelled by liquefied natural gas. LNG is the super-cooled and liquid form of “natural gas” which is predominantly the compound gas methane (four hydrogen atoms to one carbon atom), and a...

https://www.shippingaustralia.com.au/k-line-to-buy-eight-next-gen-environmentally-friendly-car-carriers/

“K” Line signs long-term charter for an LNG-fuelled, wind-assisted, capesize bulker

Pictured: a graphic artist’s concept of “K” Line’s future LNG- and wind-assisted capesize bulker. Graphic: supplied by “K” Line.

Tokyo, Japan-based shipping and logistics giant Kawasaki Kisen Kaisha (“K” LINE) has signed a long-term consecutive voyage charter with steel manufacturer JFE Steel Corporation for a new 210,000 deadweight bulker fuelled by liquefied natural gas.

LNG is a much cleaner fuel than heavy fuel oil. LNG combustion produces about 25% to 30% less carbon dioxide emissions,...

https://www.shippingaustralia.com.au/k-line-signs-long-term-charter-for-an-lng-fuelled-wind-assisted-capesize-bulker/

NYK to Build Company’s First LNG-Fuelled Capesize Bulk Carrier

Pictured: a graphic artist’s concept of a liquefied natural gas-powered bulker. Photo supplied by NYK Line.

By NYK Line

NYK (a Shipping Australia member) has concluded a long-term consecutive voyage charter (CVC) contract with JFE Steel Corporation for a new large bulk carrier that uses LNG (liquefied natural gas) as its main fuel.

This vessel will be the first LNG-fueled capesize bulk carrier to be built by NYK. The ship will be delivered in early 2024 and will be used in the Pacific trade of...

https://www.shippingaustralia.com.au/nyk-to-build-companys-first-lng-fuelled-capesize-bulk-carrier/

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