MOL Newbuilding LNG Carrier for Osaka Gas named

MITSUI O.S.K. Lines (MOL) has announced that a nam-ing ceremony for a new-building LNG carrier for Osaka Gas Co. was held at the Nagasaki Ship-yard of Mitsubishi Heavy Industries, Ltd. The vessel, ordered by MOL’s wholly-owned subsidiary MOG-X LNG Shipholding S.A., was named the LNG Juno.  The vessel’s hull design maxi-mises cargo capacity, and the
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Falling spot LNG prices in Asia and record-high shipping rates could deter the movement of US cargoes to the region this winter as offtakers seek higher-value markets for export. On Wednesday, the prompt-month Platts JKM, the benchmark price for spot-traded LNG in northeast Asia, slumped to $10.20/MMBtu, S&P Global Platts data shows. After climbing to
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Headline rates for shipping liquified natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic metre LNG tri-fuel diesel electric (TFDE) vessel, brokers say. That is a 6-year high and compares to Atlantic basin rates of $75,000 at the end of August and around $95,000
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Spot day charter rates for LNG carriers have hit their highest levels since mid-2012 on the back of low prompt availability of vessels in both the Atlantic and Pacific basins. This week, S&P Global Platts assessed Pacific and Atlantic day rates for LNG vessels at $140,000/day and $130,000/day, respectively, up 40% since mid-September, and nearly
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Japanese shipping giant Mitsui O.S.K. Lines has taken delivery of the LNG carrier Marvel Eagle, the first of three vessels intended to transport gas in the U.S. The MOSS-type ship, featuring a capacity of 155,000 cbm, was named on September 5 at the Kawasaki Heavy Industries’ Sakaide Shipyard. The ship was ordered in an en
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AHMEDABAD: Adani Group has announced signing of an agreement with French energy giant Total for Liquefied Natural Gas (LNG) import terminals and fuel retail network. “Adani and Total have signed an agreement to jointly develop multi-energy offerings to the Indian energy market,” a joint statement issued by the two companies said. Total, the world’s second
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Spot LNG prices in east Asia fell back slightly over the four weeks from mid-September to mid-October, according to the ICIS East Asia Index (EAX). A softer market in Asia reduced the region’s premium to European gas prices and helped to attract increased flows of LNG into the northern European gas markets for early winter.
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On 24 September, China released a second list of goods which will attract a 10% tariff on imports from the US. Interestingly, LNG did not feature in the first list, but it was included in the second. China also indicated that it may eventually impose a 25% tariff on the US LNG imports. In this
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Asian spot liquefied natural gas (LNG) prices eased slightly over the past week as healthy supplies going into the northern hemisphere’s autumn season countered upward pressure from a bullish oil market. Spot prices for November delivery LNG-AS dipped by 10 cents to $11 per million British thermal units (mmBtu), industry sources said. That slip came
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Thailand’s Ministry of Transport plans to open LNG stations along the eastern seaboard for vessels using clean energy as the International Maritime Organization’s global sulfur limit rule for marine fuels looms, the Bangkok Post reported Sunday. The IMO will cap sulfur in marine fuels at 0.5% worldwide from January 1, 2020, compared to 3.5% currently.
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