Freight

ICE Reports First LNG Freight Futures Trades — LNG Recap

ICE Reports First LNG Freight Futures Trades — LNG Recap

Intercontinental Exchange Inc. said Tuesday its liquefied natural gas (LNG) freight futures contracts launched Monday and were traded by leading industry players on their first day.  The contracts are based on LNG freight spot price assessments by Spark Commodities. ICE said 15 lots of the Spark30S Atlantic and 15 lots of the Spark25S Pacific contracts…

March 23, 2021
ICE to Launch LNG Freight Futures Contracts in Another Effort to Manage Increasing Market Volatility

ICE to Launch LNG Freight Futures Contracts in Another Effort to Manage Increasing Market Volatility

Intercontinental Exchange Inc. (ICE) said Wednesday it plans to launch two liquefied natural gas (LNG) freight futures contracts next month, giving traders, vessel charterers and other market participants another tool to manage increasingly volatile shipping costs in the space. ICE said the contracts would be based on LNG freight spot price assessments by Spark Commodities,…

February 10, 2021

Shipping Firms Report First LNG Freight Futures Trades

It took only hours after contracts were launched late last month on the New York Mercantile Exchange (Nymex) for the first liquefied natural gas (LNG) freight futures trades to be executed, a sign of the demand for more risk management in the gas export market.

January 7, 2020

Brief — California Energy Commission

The California Energy Commission (CEC) on Wednesday awarded more than $36 million for clean energy freight transportation in the Los Angeles/Long Beach ports and other clean transportation projects — $24 million for freight transportation and $12 million for other projects. The South Coast Air Quality Management District and Long Beach Harbor Department each received $10 million, and the Los Angeles Harbor Department received $4.5 million to carry out field demonstrations of medium- and heavy-duty cargo handling equipment that have zero and near-zero emissions. Last year, CEC launched the state’sSustainable Freight Action Plan, supported by grants from the statewide alternative/renewable fuel and vehicle technology program. Zero emission and near-zero emission technologies are involved in the program.

May 12, 2017

Corporate, Public Sectors Supporting Alternative Transportation Fuels

Corporate and government sector policymakers are gravitating toward increased use of alternative transportation fuels, including natural gas and renewable natural gas (RNG). The CEO of the nation’s largest gas utility said that in the years ahead all of the alternatives from electric vehicles (EV) to fuel cell technology will be needed.

May 9, 2016

Corporate, Public Sectors Supporting Alternative Transportation Fuels

Corporate and government sector policymakers are gravitating toward increased use of alternative transportation fuels, including natural gas and renewable natural gas (RNG). The CEO of the nation’s largest gas utility said that in the years ahead all of the alternatives from electric vehicles (EV) to fuel cell technology will be needed.

May 9, 2016

Trade Group Calls for Upgrade to Nation’s Rail Cars

The Association of American Railroads (AAR) is calling on the U.S. Department of Transportation (DOT) to update regulations and require operators that use tank cars to transport flammable liquids — including crude oil and ethanol — to retrofit or phase-out older models and build new cars with more stringent standards.

November 27, 2013

Ryder Revs Up Marketing Push in Oil/Gas Fields

Ryder Systems Inc., a transportation, logistics and supply chain management company that has made a large commitment to natural gas and other alternative transportation technologies, has an initiative to penetrate U.S. shale plays, CEO Robert Sanchez said during a second quarter earnings conference call.

July 29, 2013

GAO to Review Shale Impact on Pipeline, Train Safety

Sen. John D. Rockefeller IV, chairman of the Senate Commerce Committee, has called on the Government Accountability Office (GAO) to examine the impact of growing shale oil and gas development on the nation’s rail and pipeline infrastructure.

July 23, 2013

Bentek: Marcellus Dry Gas Producers Hit the Brakes

Drillers in northeastern Pennsylvania — the dry gas area of the Marcellus Shale — in the months ahead will stomp on the brakes with both feet and jam the dry gas freight train into reverse, according to an analysis by Bentek Energy LLC. Even if they do, a bulging gas surplus will fester behind pipeline capacity constraints for years to come, the firm said.

February 27, 2012
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