Platts to Start LNG Bunker Pricing Assessments Ahead of IMO 2020

By Jessica Jaganathan SINGAPORE, Aug 29 (Reuters) - Price reporting agency S&P Global Platts plans to launch its first assessments for prices of liquefied natural gas (LNG) bunker fuel ahead of new shipping rules taking effect from next year which limits the sulphur content of marine fuel. Companies are exploring cleaner fuel options such as LNG because of a mandate from … [Read more...]

Fincantieri Bay Shipbuilding to Construct LNG Barge for U.S. East Coast Market

Fincantieri Bay Shipbuilding has been selected to construct an LNG barge to serve the U.S. east coast market. The vessel will be constructed at Fincantieri Bay Shipbuilding’s facility in Sturgeon Bay, Wisconsin. The newbuild LNG barge will be operated by Polaris New Energy (“PNE”), a new marine transportation company set up by NorthStar Midstream, a portfolio company of … [Read more...]

Shell to Charter LNG-Powered Tanker Fleet

Royal Dutch Shell announced Monday it has agreed to charter a fleet of fourteen new LNG-powered crude oil and product tankers as part of its drive to decarbonize shipping. Shell Tankers (Singapore) Private agreed to the long-term charter deal from Sinokor Petrochemical, which expects to take delivery of the newbuilds from Samsung Heavy Industries in 2021. The ships will … [Read more...]

CMA CGM to Have 20 LNG-Powered Containerships by 2022

French shipping giant CMA CGM will have taken delivery of 20 LNG-fueled containerships by 2022 as the world’s fourth largest carrier seeks to cut its carbon footprint. Marking the occasion of last week's World Environment Day, CMA CGM said that since 2015 it has cut CO2 emissions per container transported per kilometer by 17 percent, in line with it’s goal of around 30 … [Read more...]