Oslo-based analyst, Rystad Energy, has warned that energy turmoil, caused largely by Russia’s invasion of Ukraine and sanctions that followed, may cause ‘vast demand destruction across industries and consumers’ in Europe.

South Korean shipbuilder Samsung Heavy Industries (SHi) has announced it has received orders totalling $3bn for 14 LNG carriers to be delivered in 2024 and 2026, the largest single order in its history.

The ongoing energy disruptions in the wake of the hostilities in the Ukraine have had a dramatic impact on US exports of LNG.

Capt Rajalingam Subramaniam is set to take over the helm at Malaysian shipowner MISC when Datuk Yee Yang Chien retires later this year.

ADNOC Logistics & Shopping (L&S) has upped the ante on earlier orders by adding three additional new-build LNG vessels to its portfolio, as demand for LNG around the world continues to grow.

Several leading Greek shipping dynasties have stamped their mark on the LNG business as the sector has transformed from a long-term contractual business to a dynamic shipping market with spot, short- and medium-term contracts.

China Development Bank Financial Leasing is acquiring two LNG carriers from GasLog at a total cost of $270.4m.

The first LNG terminal at Fangcheng port, Guangxi province is preparing to accept international vessels.

K Line is shifting ship management of its gas and oil tankers from Japan to Singapore.

NYK has inked a fourth long-term charter for an LNG carrier with France’s EDF Group.