Fafalios warns zero-carbon fund must not be a ‘bottomless pit’
Leader of Greek shipowners and operators in London says shipbuilders and engine makers must take the lead
gas
Shell charters Engie LNG bunker vessel for Canary Islands work
Shell has chartered an LNG bunker vessel (LNGBV) controlled by France’s Engie and its partners as the energy major establishes LNG bunkering operations in the Canary Islands. TradeWinds understands Shell has taken the 5,000-cbm Engie Zeebrugge (built 2016) on hire. Source: http://www.tradewindsnews.com
Pavilion Energy poised to make call on LNG newbuild duo in 2020
Pavilion is targeting something a little smaller and more bespoke than one of its five full-size LNG carriers — such as the 173,400-cbm BW Pavilion Vanda (built 2015, pictured) — as it expands into breakbulk and bunkering business Photo: BW Group Source: http://www.tradewindsnews.com
Pavilion Energy to open doors in Europe with Madrid office
Pavilion Energy group chief executive Frederic Barnaud has said his company’s efforts are focused on bringing Iberdrola’s portfolio into its operation, as it eyes making inroads in Europe. Pavilion paid €115m ($127.4m) for the LNG assets of Spanish energy company Source: http://www.tradewindsnews.com
World first liquefied hydrogen carrier launched in Japan
<a href= “https://www.youtube.com/watch?v=WGPkSuIH7uA” >watch on YouTube</a> Japanese shipbuilder Kawasaki Heavy Industries has launched and named the world’s first liquefied hydrogen carrier. The Suiso Frontier was named at the yard Source: http://www.tradewindsnews.com
Methane emissions permeate through to LNG growth story
Cheniere Energy, which is building its second liquefaction facility Corpus Christi LNG (above), is one of several co-founders of research consortium The Collaboratory to Advance Methane Science (CAMS) which studies how to detect, measure and quantify methane emission with the aim of seeking opportunities to reduce them Photo: Bloomberg News/Eddie Seal Source: http://www.tradewindsnews.com
CGR Arctic Marine orders LNG bunkering ship ‘on speculation’
CGR Arctic Marine has ordered an LNG bunkering vessel for possible deployment in southeast Asia and South America, according to company officials. CGR has entered into an agreement with China’s Wuzhou Shipbuilding and Merchant Ship Design & Research Institute (SDARI) to Source: http://www.tradewindsnews.com
Gunvor fixes Fredriksen LNG newbuilding for up to 10 years
Flex LNG has fixed one of its newbuildings to Gunvor for up to 10 years, which marks the first long-term charter for the John Fredriksen-controlled shipowner. The charter with Clearlake Shipping, the shipping arm of the commodity giant, includes a firm five-year period for the 173,400-cbm LNG carrier. Financial terms were not disclosed, but New York and Oslo-listed Flex LNG said the time charter will have “elements of variable rate…
Drewry: China continues to diversify away from US LPG
China continues to diversify away from US LPG in the face of continued trade tensions between the two nations, said Drewry. Instead, the country is said to be increasingly looking to the Middle East to meet its growing demand, which has forced other Asian nations to source LPG from other sources. The consequences will be an increase in tonne miles as countries such as Japan, South Korea and India look…
DIF and Geogas buy into five LNG newbuildings for French charters
Swiss LPG carrier owner Geogas Maritime is teaming up with two funds to buy into LNG newbuildings. European infrastructure fund DIF Capital Partners said it and Access Capital Partners were working together with Geogas to acquire a 50% stake in a French company that will own and operate a fleet of five gas carriers. The remaining 50% will be held by NYK, who originally ordered the vessels. The 174,000-cbm units…