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People & Company News

MAN 35/44G Makes Successful Début

MAN Diesel & Turbo recently showcased its new range of gas engines and turbines at its Augsburg facility with the company’s 35/44G engine, the latest addition to its four-stroke power portfolio, featuring prominently…

Shipbuilding

Korean Shipyard Wins LNG Carrier Contracts

Hyundai Heavy Industries (HHI) & its affiliated shipyard obtain orders totalling US$1.05 billion to build five liquefied natural gas (LNG) carriers. One of the LNG carriers of 155,000-cubic-metre capacity and worth…

Contracts

HIgh LNG Freight Rates Possibly Short-term

Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming. Rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification…

Technology

Teekay LNG Partners Orders Two LNG Newbuilds

Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) entered into an agreement with Daewoo Shipbuilding & Marine Engineering CO., LTD., (DSME) of South Korea for the construction of two 173,400 cu. m…

Technology

Caterpillar Extends Focus on LNG Engines

Caterpillar, Inc. is continuing its focus on LNG engine technology as part of its ongoing commitment to develop environmentally clean, fuel-efficient engines for the marine industry. This initiative will ensure the…

Technology

LNG Bunkering Trends: New Industry Report

Vast majority believe there is a business case to be made for LNG as a marine fuel reveals 'LNG Bunkering Trends 2013 and Beyond'. With the ECA regulations on fossil fuel emissions coming into effect in 2015, the world…

Shipbuilding

LNG Ship Glut Foreseen

The liquefied natural gas market may have a ship surplus in 2014 and 2015 as new vessels launch faster than production plants complete. There are 78 ships on order, amounting to 21 percent of the existing fleet, the…