Vietnam seeks pioneering LNG vessel to serve power needs

South east Asian utility Vietnam Electricity has launched a hunt for a floating storage regasification and power (FSRP) unit that would be supplied by LNG. Companies following the business said a request for expressions of interest (EOI) for the barge-based FSRP Source: http://www.tradewindsnews.com

November 17, 2019
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Teekay LNG shares rise on ‘highest ever’ quarterly results

Teekay LNG Partners nearly quadrupled its earnings amid delivery of nine new LNG carriers over a year with plans to boost investor return, sending its stock skyward. The Mark Kremin-led owner earned $0.55 adjusted earnings per share (EPS) for the third quarter, beating analyst consensus of $0.49 and up from $0.16 a year earlier. Shares, which trade under ticker symbol TPG, jumped 13.8% to $16.13 on the New York Stock…

November 14, 2019
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Epic Gas expects higher scrapping as IMO 2020 looms

LPG carrier owner Epic Gas says it is well-positioned with its younger fleet as new environmental regulations signal the end of the road for veteran vessels. CEO Charles Maltby said the company is finalising its preparations for the IMO 2020 low-sulphur fuel rules on 1 January. It is also turning its attention to more stringent decarbonisation measures coming in 2030 and 2050. “Alongside the positive supply demand fundamentals for global…

November 14, 2019
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Finland’s Gasum buys Linde’s LNG assets as it expands business

Finnish energy company Gasum is snapping up two businesses from Linde as it grows its position to offer low-emission solutions to customers in industry, maritime and road transport. Gasum said it is buying AGA’s Clean Energy business and Nauticor’s marine bunkering arm. The company did not give any price details. Under the deal, which was signed on 13 November and is expected to be signed off next year, Gasum will…

November 13, 2019
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Gunvor hires underemployed Russian LNG carrier Portovvy

Trader Gunvor has fixed an LNG carrier that has been converted into a floating storage unit for a delayed midscale liquefaction project in Russia. Gunvor is understood to have taken on the 138,107-cbm Portovvy (ex-Excel, built 2003) for several months. The vessel, which Source: http://www.tradewindsnews.com

November 13, 2019
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Last Arc7 prepares to sail into Yamal LNG fleet

A final Arc7 LNG carrier is readying to leave DSME shipyard in South Korea, marking the conclusion of the 15-ship newbuilding project for Russia’s Yamal LNG. Data analyst iGIS/LNG said the 172,00-cbm newbuilding Yakov Gakkel has shifted to the Okpo yard’s Source: http://www.tradewindsnews.com

November 12, 2019
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BW LPG exits large gas carrier segment with sale of duo

Oslo-listed BW LPG is exiting the segment for large gas carriers by selling its last two ships in the category. The LPG carrier owner, which is controlled by Andreas Sohmen-Pao’s BW Group, has sold the 59,000-cbm BW Nantes and BW Nice (both built 2003) to a Bahamas-registered LPG distributor, European gas carrier brokers said. The 16-year-old vessels are understood to have fetched some $33m each. Texas Gas & Oil (TGO)…

November 1, 2019
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Dispute at shipyard delays Dorian scrubber installations

Three Dorian LPG gas carriers will have to wait until after the New Year for their scrubber fittings, the company disclosed Thursday. The Connecticut company was originally set to have 12 of its 22 gas carriers equipped with the sulphur cleaning equipment by Source: http://www.tradewindsnews.com

October 31, 2019
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