LNG

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet dropped slightly this week, while European and Asian prices also decreased compared to the previous week, reports LNG Prime.

Last week, charter rates remained almost flat.

Platts, a part of S&P Global Commodity Insights, said in a report on Friday that global LNG freight rates have remained steady throughout this year, despite the number of LNG vessels available in both the Pacific and Atlantic spot...

https://mfame.guru/spot-lng-shipping-rates-european-prices-drop-this-week-2/

• The global LNG-capable fleet is expected to exceed 1,000 ships by 2027, emphasizing the importance of expanding LNG bunkering infrastructure across ports in Europe, Asia, and North America.
• The global LNG-capable fleet is expected to exceed 1,000 ships by 2027, emphasizing the importance of expanding LNG bunkering infrastructure across ports in Europe, Asia, and North America.
• The Tortuga, a 2,983-kW ocean tug built by Alabama’s Master Boat Builders, pairs with the Clean Everglades—a 5,500-m3...

https://mfame.guru/newbuild-ocean-tug-enhances-lng-bunker-fleet/

• EMA and JERA have signed a Memorandum of Understanding (MoU) to collaborate on LNG procurement and supply chains for Singapore and Japan.
• Under the MoU, both entities will exchange best practices and knowledge in LNG procurement and supply chain management. They will also explore collaboration opportunities in this domain.
• Mr. Soh Sai Bor, Assistant Chief Executive of EMA, highlights the significance of natural gas in the energy mix and expresses EMA’s commitment to strengthening LNG supply...

https://mfame.guru/ema-and-jera-forge-alliance-for-lng-procurement-and-supply-chains/

• The global LNG-fueled fleet has witnessed robust growth.
• Concerns over the lagging pace of LNG bunker fuel infrastructure development.
• IMO’s emission control area designation for the Mediterranean in 2025.

The global LNG-fueled fleet has witnessed a robust 181% growth since 2020, with 520 vessels currently in operation, a significant increase from 471 in 2023 and 354 in 2022.

Moreover, the order book for LNG vessels reflects a promising trend, with 195 vessels set for delivery in 2024,...

https://mfame.guru/lng-fueled-vessel-deliveries-surge-amid-supply-concerns/