The global LNG carrier fleet is forecast to expand through to 2020 on the back of a growing LNG trade, according to the latest update by Clarksons Research.As at end-June 2019, the LNG carrier fleet totalled 570 vessels on capacity of 85m cu m, an...
It is well recognised that when it comes to sea transportation Greek shipowners are among the leading players in most sectors. This is reflected in the fact that there are 72 Greek ownerships currently operating fleets of over 1m dwt each, the...
China National Offshore Oil Corporation (CNOOC) has signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC) to explore new collaboration opportunities in both upstream and downstream for the refining and liquefied...
The first LNG freight swap has been settled against the Baltic Exchange LNG spot assessments, as increasing market liquidity saw major LNG traders test the LNG freight derivatives trade.The trades involving Total Gas & Power and Glencore were...
Keppel Offshore & Marine has booked in close to SGD1.9bn ($1.4bn) in new orders so far this year boosted by the LNG and renewables sector.
China is closing in on Japan as the world’s largest importer of LNG mainly driven by the government’s environmental protection requirements, the increasing demands of LNG consumption, and the development of new LNG terminals.