New Jointly Owned LNG Carrier with JERA Named

New Jointly Owned LNG Carrier with JERA Named

On May 14, a naming ceremony was held at the Nagasaki shipyard of Mitsubishi Heavy Industries Ltd. for a new liquefied natural gas (LNG) carrier that NYK and JERA Co. Inc.* will jointly own.** The ceremony was attended …
May 16, 2019 /  Vessels
Daewoo Shipbuilding wins LNG ship order

Daewoo Shipbuilding wins LNG ship order

Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipyard, said Tuesday it has received an order to build a liquefied natural gas carrier (LNG) for a shipper in the Oceania region. The LNG ship …
May 14, 2019 /  Vessels
Nakilat’s Q-Flex LNG Carrier achieves 10 years Safety Milestone

Nakilat’s Q-Flex LNG Carrier achieves 10 years Safety Milestone

Nakilat’s Q-flex LNG Carrier Al Ghashamiya has recently achieved a significant safety milestone of over 10 years without lost time injury (LTI) or Total Recordable Case (TRC), equivalent to nearly 3 million safe …
May 13, 2019 /  Vessels
Sovcomflot concludes USD 297 million LNG vessels financing facility with three international banks

Sovcomflot concludes USD 297 million LNG vessels financing facility with three international banks

Sovcomflot (SCF Group) has signed a new USD 297 million limited recourse credit facility, for up to ten years, with three leading international banks: ING Bank; KfW IPEX-Bank, and Crédit Agricole Corporate and …
May 8, 2019 /  Vessels
Flex LNG signs $550m of financing for four LNG carriers

Flex LNG signs $550m of financing for four LNG carriers

Flex LNG LTD (OSE:FLNG) (Flex LNG) announced on Monday (Apr29) that it has entered into a sale-charter back transaction with Hyundai Glovis Co. Ltd. (Hyundai Glovis) for the vessels Flex Endeavour and Flex …
May 3, 2019 /  Finance
MOL held a naming ceremony for Tokyo Gas’ LNG pair

MOL held a naming ceremony for Tokyo Gas’ LNG pair

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) announced that a naming ceremony for two newbuilding LNG carriers was held at the Tsu Shipyard of Japan Marine United Corporation (JMU) on April 24. Caption: Energy Innovator …
Apr 25, 2019 /  Vessels
Teekay LNG Partners Declares 36% Increase in Common Unit Distribution and Secures New 3-Year Charter

Teekay LNG Partners Declares 36% Increase in Common Unit Distribution and Secures New 3-Year Charter

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG) (NYSE: TGP), has declared a cash distribution of $0.19 per common unit for the quarter ended March 31, 2019, representing a 36 percent increase …
Apr 24, 2019 /  Vessels
LNG Vessel Completes 6,000th Neopanamax Transit at the Panama Canal

LNG Vessel Completes 6,000th Neopanamax Transit at the Panama Canal

Yesterday, the Panama Canal welcomed its 6,000th Neopanamax vessel through the Expanded Canal, underscoring the route’s ability to accommodate the highly-dynamic liquefied natural gas (LNG) segment, which first …
Apr 24, 2019 /  Vessels
GTT receives new order from Hyundai Samho to design the tanks of an LNG carrier for NYK

GTT receives new order from Hyundai Samho to design the tanks of an LNG carrier for NYK

GTT has received an order from Hyundai Samho Heavy Industries (HSHI) for the tank design of a Liquefied Natural Gas Carrier (LNGC) on behalf of the Japanese ship-owner Nippon Yusen Kaisha (NYK). GTT’s Mark III …
Apr 24, 2019 /  Curious
Qatar Petroleum initiates LNG ship construction program for 100+ new LNG carriers

Qatar Petroleum initiates LNG ship construction program for 100+ new LNG carriers

Qatar Petroleum yesterday issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project, which will increase …
Apr 23, 2019 /  Curious