Fredriksen’s Flex inks time charter with super-major

John Fredriksen’s Flex LNG has tied up a one-year time charter with a super-major as it continues to position for a strong market in the future. Oslo-listed Flex said the contract would begin in the present quarter but further details were kept under wraps. Flex LNG steers into a burgeoning spot market after a year of transition It has four ships on the water and will take delivery of two…

March 22, 2019
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Samsung Heavy bags another LNG newbuilding deal

Samsung Heavy Industries said Friday that it had secured a deal to build an LNG carrier worth KRW 215bn ($190m). The ship is scheduled to be delivered by March 2022. The identity of the buyer was not disclosed other than being described as an Asian shipper. This latest contract takes Samsung’s newbuilding tally for the year to date to $1.3bn including orders for seven LNG carriers. The South Korean shipbuilder…

March 22, 2019
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Russia prepares to start up new LNG production plant

A new Baltic-based LNG production plant is expected to export a first cargo within weeks as Russia starts to supply its first volumes aimed at the LNG bunkering sector. Russian energy company Novatek, which is working with Gazprombank on the project, has started production at its Cryogas-Vysotsk LNG plant. The 660,000-tonne-per-annum facility is 150 kilometres (93 miles) north-west of St Petersburg on the Baltic Sea coast. Some of the first…

March 21, 2019
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