Too Many Ships, Too Little Demand: LNG Freight Rates Plunge to Multi-Year Lows
SINGAPORE, Oct 28 (Reuters) – Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and
SINGAPORE, Oct 28 (Reuters) – Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and
The maritime industry is witnessing a substantial shift towards liquefied natural gas (LNG) as a fuel source, with LNG-powered vessels now comprising over 2%
Multinational mining corporation Anglo American has taken delivery of its final chartered LNG dual-fuelled Capesize+ bulk carrier, the MV Ubuntu Liberty. The
The pipeline of ships ordered with alternative fuel options continues to expand with LNG and methanol leading the charge. A total of 21 LNG-fueled vessels were
Pasha Hawaii and AmFELS have announced the delivery of the MV Janet Marie, the second of two new 2,525 TEU-capacity ‘Ohana’ class containerships
U.S.-based shipping line Matson (NYSE: MATX) will convert the main engine on its container ship, the Kaimana Hila, to a dual-fuel ME-GI engine capable of
U.S.-based shipping company TOTE Services is announcing a significant milestone with the 300th fueling operation by its LNG bunker barge Clean Jacksonville at
Norwegian ferry operator Fjord Line says high LNG prices is forcing it to rebuild two LNG-powered ferries to run on traditional marine gas oil (MGO). Despite a
By Matthew Hill and Borges Nhamire Nov 13, 2022 (Bloomberg) –Mozambique flagged off its first shipment of liquefied natural gas, exports that could
South Korea’s Daewoo Shipbuilding & Marine Engineering has loaded what it claims is the world’s first high manganese steel LNG fuel tank on a
By Jeslyn Lerh and Florence Tan SINGAPORE, Oct 4 (Reuters) – BHP Group expects to receive three more bulk carriers powered partly by liquefied natural
U.S. shipping and logistics company Crowley has awarded a time charter contract to Singapore-based Eastern Pacific Shipping (EPS) for four newbuild
By Matthew Hill and Sergio Chapa (Bloomberg) –Mozambique is poised to ship its first cargo of liquefied natural gas overseas, joining the ranks of
FRANKFURT/BERLIN, Aug 16 (Reuters) – Germany secured a commitment on Tuesday from major gas importers to keep two floating liquefied natural
Only two LNG-fueled ships were ordered in June as bottleneck pressure slowed orders, according to classification society DNV. June actually saw six vessels
Shell and CMA CGM have signed a multi-year agreement on the supply of LNG fuel for CMA CGM ships in the Port of Singapore. The LNG bunkering will be
U.S. shipping company Matson Navigation has signed an agreement with MAN Energy Solutions to retrofit the main engine on board the 2018-built containership
LNG marine fuel industry coalition SEA-LNG is fighting back against “misinformation” related to methane slip that the organization says
Taiwanese ocean carrier Yang Ming Marine Transport has announced that it’s board of directors have approved a plan a equip five 15,000 TEU newbuild
By Mike Wackett (The Loadstar) – Investment in new LNG-fuelled ships has continued at pace, with class society DNV last month recording a further 40
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