Oslo: Norwegian Prime Minister Jens Stoltenberg has promoted the Baltic Sea as a new pilot area for LNG-fuelled shipping.

LNG bunkering has garnered a lot of interest in the market but use of natural gas a fuel for ships remains extremely limited. Marcus Hand looks at the whether the hurdles to widespread usage can be overcome.

Tokyo: Nippon Yusen Kaisha (NYK) has inked a four-year time charter for a LNG carrier with GDF Suez.

Fujairah: LR Fobas forecasts 4.2% of newbuildings delivered between now and 2025 as being fuelled by LNG.

Fujairah: The world's biggest oil companies are setting their sights on crude storage in Fujairah, UAE, to maintain swift access to Asian markets.

London: Replacement of the existing fleet with so-called ‘eco-ship’ newbuildings will not happen overnight and in the meantime there is much that shipowners can do to operate existing vessels more economically, a leading UK shipmanager has said.

Trelleborg Marine Systems has been awarded the contract to supply docking and mooring equipment and LNG cargo transfer technology for the new Yuedong LNG Terminal in China. After working closely with project owner, CNOOC Yuedong LNG, Trelleborg...

Tokyo: Japanese shipyards Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding have established a joint venture MI LNG Company to handle the design and marketing of LNG carriers.

 

Hong Kong: China Shipping Development Co (CSDC) has unveiled plans to order six LNG carriers worth about $1.2bn by June, according to the company's chairman Li Shaode.