Shipping

Growth in U.S. LNG capacity has reached the point where it is a significant demand component of the country’s expansive natural gas market.

Shell plc and Chevron Corp. affiliates have signed deals to help cut emissions and further the use of LNG in the shipping sector. Shell said late last month that it would further long-standing collaboration with Hapag-Lloyd by signing a multi-year agreement to supply the global shipper liquefied natural gas for its 12 ultra-large, dual-fuel container…

As the price of new LNG vessels increases, and as shipyard slots dwindle, the value of older tankers is also on the rise. Bermuda-based Cool Company Ltd. (CoolCo) disclosed earlier this month that it plans to sell the 10-year old tri-fuel diesel electric (TFDE) Golar Seal for $184 million. The buyer, Höegh LNG Holdings Ltd.,…

A roundup of news and commentary from NGI’s LNG Insight  FERC on Thursday granted Freeport LNG Development LP’s request to resume loading cargoes from one of its docks.  The plant has not been cleared to restart operations. The approval is one in a series that must occur before LNG production and shipments may resume after…

The rates charterers pay for vessels to move LNG cargoes across the world are declining, especially in the Atlantic Basin, as global natural gas prices dip and ship availability surges after months of tightness. Spark Commodities on Tuesday assessed spot freight rates for Feb. 8-March 10 deliveries in the Atlantic at $60,500/day, unchanged from Monday.…

An affiliate of Shell plc has delivered the first emissions-neutral cargo under a framework launched last year by the International Group of LNG Importers (GIIGNL) to better standardize shipments.  GIIGNL said the pilot cargo was supplied by Chevron Corp.’s Gorgon export facility in Australia to state-owned CPC Corp. in Taiwan.  “This pilot shipment has helped…

A roundup of news and commentary from NGI’s LNG Insight Vessel traffic stopped Friday afternoon on waterways serving the Calcasieu Pass, Cameron, Corpus Christi and Sabine Pass LNG terminals in Texas and Louisiana.  Pilot service was suspended on the Sabine-Neches Waterway, Corpus Christi Ship Channel and the Calcasieu Ship Channel as an arctic front swept…

Five vessels have declared Freeport LNG as a destination for late December, according to ship tracking data from Kpler, as more buyers bet on the terminal’s partial restart by year’s end.

Germany is preparing for its first of several new LNG import terminals to arrive offshore near the end of the week, marking a milestone in its plan to increase import capacity and cut reliance on Russian pipeline gas. The Hoegh Esperanza, a floating storage and regasification unit (FSRU) owned by Höegh LNG AS, is expected…