Options taken on additional Knutsen OAS LNG Carriers results in three more Compact Reliq orders for Wärtsilä
Wärtsilä Corporation, 15 September 2021 at 9.30 AM EEST – The technology group Wärtsilä will supply three reliquefaction plants, the newly developed Compact Reliq, for three new LNG Carrier vessels. The ships are being built at the Hyundai Samho Heavy Industries (HSHI) shipyard in South Korea for Norway-based Knutsen OAS Shipping, and represent options taken...
Among Korean industries, shipping is probably one of the most experienced in navigating environmental regulations, reports Korea JoongAng Daily.
IMO RegulationsAs the companies operate on the high seas, they are under the direct influence of global regulations set by the International Maritime Organization (IMO).
A United Nations body responsible for regulating international shipping, the IMO has been tightening emission rules since the early 1990s, when it started targeting various pollutants,...
https://mfame.guru/navigating-through-myriads-of-shipping-regulations/
Britain is on verge of making gas-powered ships and ferries despite the huge cost involved in it. This brings us to the crucial question of why gas-powered ships like LNG ships are so crucial. BBC sought to find out that as it investigated the matter of the government-owned agency CMAL’s keen interest in gas-powered ferries and ships
Today, we are going to explore why gas-powered ships and ferries are so in vogue.
Backdrop of thisFormer Ferguson shipyard owner Jim McColl has told Holyrood’s ferry...
https://mfame.guru/july-lng-floating-storage-boosted-by-wider-price-contango-high-inventories/
With LNG as fuel set to grow after 2020, southeast Asia’s first LNG bunker vessels will enter service over the next two years. Banking on this, Singapore and Malaysia are jockeying to be southeast Asia’s regional LNG bunkering hub, says an article published in Riviera Maritime Media.
Both countries are anticipating a major uptake in LNG as a marine fuel as more ship operators shift towards alternative fuels to comply with the stricter emissions regulations.
LNG Vessels Scenario NowAs tracked by...
http://mfame.guru/malaysia-singapore-to-be-lng-bunkering-hub-post-imo-2020/
Energy trader Gunvor Group Ltd. is on track to exceed last year’s LNG delivery volumes and is already leading rivals in short-term ship charters for the super-chilled fuel, reports Bloomberg.
Exceeded the number on reportGunvor has conducted at least 35 charters to carry LNG so far this year, according to research by Fearnleys, which looked at fixtures of less than three years.
That’s more than all competitors including major LNG players Qatargas, Cheniere Energy Inc. and Royal Dutch Shell Plc,...
http://mfame.guru/gunvor-set-to-exceed-2018-lng-delivery-volume/
According to a South Korean study, ships powered by liquefied natural gas (LNG) are expected to account for six out of 10 new vessel orders in six years due to toughened environmental standards, reports Pulse News.
Key Statistics from the Studyhttp://mfame.guru/60-of-world-ship-orders-will-be-of-lng-ships-by-2025/