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LNG Carrier
Essberger Orders 4+4 LNG-Powered Chemical Tankers in China
German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless st…
OPEC
OPEC’s Oil Exports Are Surging By 1 Million Bpd In May
OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, …
Crude Oil
Titan LNG’s Second FlexFueler Springs into Action
Titan LNG, a Dutch independent LNG supplier, has completed a bunkering operation with its recently commissioned FlexFueler 002.
Energy Security
Oil Tanker Leaks Crude After Collision Near China’s Qingdao Port
A 900-foot crude tanker leaked oil into the ocean just outside China’s biggest refining center, raising the specter of environmental damage and disruption of s…
Oil & Gas Trade
Iran: Oil Exports Hit 500,000 Barrels per day
According to a Reuters statement that reveals predictions from tanker tracking firms that Iran’s crude oil exports since the beginning of the month have hit ab…
LNG
Repsol Hits Milestone with Fure Vinga LNG Bunkering
Spanish oil company Repsol has reached a milestone as it bunkered Furetank Rederi’s chemical tanker Fure Vinga at Cartagena.
Liquid Hydrogen
Kawasaki Heavy To Start Liquid Hydrogen Shipments Spring 2021
Japan’s Kawasaki Heavy Industries is aiming to replicate its success as a major liquefied natural gas (LNG) tanker producer with hydrogen, a key element that m…
Oil & Gas Trade
China Trade War on Itself Sends LNG Prices Mad
Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have co…
Crude Oil
Floating Oil Storage Shrinks Amid Robust Asian Demand
Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in orde…
Iran
Strait of Hormuz: The World's Most Important Oil Artery
Iran's Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, amid tensions between Tehran and Seoul over Iranian…
South Korea
Iran Seizes UAE-Bound Chemical Tanker
Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf.
LNG Carrier
Korea Tops Global Shipbuilding Order Intake Rankings for Five Consecutive Months
By landing more than 60 percent of the world's new shipbuilding orders in November, Korea came in first in the order standings for the fifth straight month in N…
Wind Turbine
ANKER Develops Precast Foundations for Wind Turbines
The German start-up company ANKER Foundations GmbH has developed a new type of technology for building foundations for wind turbines.
LNG
LNG Tanker Rates Soar Ahead of Expected Cold Asian Winter
Shipping rates for LNG tankers have soared to their highest in a year ahead as demand for cargoes rose on expectations of a colder than expected winter in North…
Energy Storage Battery
KNOT’s Shuttle Tankers to Feature Battery Technology
Two new shuttle tankers being built for Knutsen NYK Offshore Tankers at South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering will be fitted with ba…
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