Woodside Energy Group Ltd., Australia’s top liquefied natural gas exporter, expects consumption of the fuel to rise 50% over the next decade, pushing the supplier to consider further expansions. “We’re seeing signs of that demand […]
The market requires up to 95 additional liquefied natural gas carriers to ship contracted volumes of LNG from plants under construction, according to GTT’s chief Philippe Berterottière. Berterottière said during GTT’s 2023 results presentation on […]
EuropeTankers Ministry of Transportation Republic of Indonesia Luxembourg-headquartered broker BRS has warned the grey fleet is likely to become darker as more focused sanctions squeeze Russia’s export options. The grey tanker fleet – ships hauling Venezuelan, […]
South Korea’s Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08 billion. Hyundai Samho’s parent HD Korea Shipbuilding & Offshore Engineering said on Monday that the shipbuilder […]
Atlantic spot LNG freight rates dropped below $50,000 per day this week, while European and Asian prices also decreased compared to the week before. Last week, charter rates were almost flat after they rose in the […]
Shipping giant Maersk announced they would implement a shipping freeze in their trade routes in the Red Sea due to a high seas attack from Yemen-based Houthi militants. Despite the best efforts in the volatile Red Sea, […]
Researchers are reporting very promising results in the first phase of a two-stage test of carbon capture as part of a demonstration designed to accelerate the implementation of the technology in the maritime sector. The […]
Croatia’s Krk liquefied natural gas (LNG) terminal has received its 85th cargo since the launch of operations in January 2021. The 2018-built 173,400-cbm, BW Tulip, arrived at the 140,000-cbm FSRU on February 20, according to […]
Researchers working on the EverLoNG ship-based carbon capture (SBCC) prototype have achieved capture rates of at least up to 85% during initial testing. The prototype was developed by Dutch firm Carbotreat and installed last year […]
Tor Olav Troim’s firm Magni Partners has ordered two more LNG-powered very large crude carriers in China, according to brokers. The management consulting company ordered two 320,000-dwt LNG dual-fuel VLCCs at China’s New Times Shipbuilding, […]
Copyright © 2025 | Sandstone Group