Six out of 10 new ships ordered by 2025 are predicted to be LNG-powered vessels due to stricter environmental standards in shipping, a South Korean study says.

Qatar Petroleum has launched a tender for up to 100 LNG carrier newbuildings that would more than double the fleet of the world’s largest owner Nakilat.

When Hapag-Lloyd unveiled its ‘Strategy 2023’ towards the end of last year, it was based on the premise that the container shipping market’s rush of consolidation is over.

DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine, have signed a framework agreement to boost the uptake of LNG as ship fuel.

Well-to-wake (WtW) reductions in greenhouse gas (GHG) emissions by using LNG as a marine fuel can be reduced by up to 21% compared with current oil-based bunkers, according to an authoritative independent study commissioned jointly by SEA\LNG, an industry foundation promoting liquefied natural gas as a fuel for ships, and the Society for Gas as a Marine Fuel (SGMF).

As the IMO’s 0.5% global sulphur cap looms for the maritime sector from 2020, South Korean shipbuilders have been urged to focus on LNG carriers and product tankers.

Cosco Shipping Energy Transportation has jointly launched a project with Dalian Shipbuilding Industry (DSIC) to develop the world’s first LNG dual-fuel VLCC. 

Container shipping tonnage provider Seaspan Corp is looking to diversify into LNG with a cooperation agreement with Cosco Shipping Energy Transportation.

Hudong Zhonghua Shipbuilding is to co-operate with two of the world’s leading classification societies DNV GL and Bureau Veritas (BV) to jointly develop LNG market.

Chinese shipyard Hudong Zhonghua Shipbuilding inked strategy co-operation agreement with China Petroleum Engineering& Construction North China branch to enter into the land-based LNG market.

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