Spending on new LNG carriers since the beginning of 2022 represents 27% of total newbuilding investment and more than any other sector including containerships.

The Chinese energy supplier China Gas, shipping company Wah Kwong Maritime Transport and leasing company CSSC (Hong Kong) Shipping jointly set up a new company to develop LNG-related business.

Chinese shipbuilders have inked 37.67m dwt in newbuilding orders in the first half of 2023 an increase of 67.7% year-on-year.

Mitsui O.S.K. Lines Ltd. (MOL) has entered into a lease agreement covering three LNG carriers under construction in China.

Bureau Veritas has issued Approval in Principle (AiP) to Wind Assisted Ship Propulsion (WASP) technologies for use on LNG carriers and VLCCs.

A severe drought affecting the Panama Canal is forcing the Panama Cana Authority (ACP) to reduce draughts and container vessels to lighten their loads.

The Port of Corpus Christi Authority reported record tonnage of 49.6m tonnes in Q1 2023, nudging past the previous quarterly record set in Q4-2022.

Qatari LNG shipping company Nakiliat reported a 3.6% increase in profit for the first quarter 2023 to QAR396m ($109m).

China’s insurance service provider, Taiping Insurance, has ordered two 175,000 cu m LNG carriers via its subsidiary from CSSC Jiangnan Shipyard at a total cost of $470m.

Hong Kong-based CSSC Shipping recorded a revenue of HK$3.21bn ($408m) last year, a year-on-year increased of 29.9%, the operation's efficiency reached the best level since the founding of the company decade ago.