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...]
Australia Reaches for LNG Crown as $200 Billion Boom Ends
By Stephen Stapczynski (Bloomberg) --Australia started the last in a $200 billion wave of natural gas mega-projects, setting it on course to become world’s top exporter of the fuel. Royal Dutch Shell Plc said Tuesday its Prelude floating liquefied natural gas terminal offshore northern Australia shipped its first cargo. It’s the eighth Australian plant to start since 2012 by … [Read more...]
Finland Opens Largest Nordic LNG Terminal After Delay
OSLO, June 11 (Reuters) - Finland's 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a year-long delay to the project, engineering firm Wartsila and part-owner Gasum said on Tuesday. Manga, the largest LNG terminal in the Nordic region with storage capacity of 50,000 cubic metres, began receiving some shipments in November … [Read more...]
Prelude FLNG Ships First Gas
The long-awaited first shipment of liquefied natural gas has sailed from Shell's massive Prelude FLNG facility that is now permanently moored off the coast of Western Australia. Shell announced Tuesday that the first shipment of LNG departed Prelude aboard the LNG carrier Valencia Knutsen destined for customers in Asia. The Prelude FLNG facility is operated by Shell in … [Read more...]
DNV GL: LNG Tank Capacity Points to ‘New Era’ in Ship Fuel
The rapid growth in installed LNG tank capacity points to a potential boom in LNG for larger vessels over the coming years and could mark the start of a new era in ship fuel, according Martin Wold, head of the Alternative Fuels Insight (AFI) platform at DNV GL – Maritime. “There are now 163 LNG-fuelled ships in operation and a further 155 ships on order,” said Wold at a … [Read more...]