Shipping

The Panama Canal is a vital passage for moving goods from the Atlantic to Pacific oceans faster, and since its expansion in 2016 to accommodate larger vessels and increasing liquefied natural gas (LNG) traffic, it’s become a crucial route in moving LNG from the United States to Asia in a timely manner.   LNG traffic has…

In a third consecutive day of topsy-turvy trading, natural gas futures ultimately finished firmly in negative territory, as markets fixated more on shifting weather patterns than a bullish storage report and rising U.S. liquefied natural gas (LNG) volumes. The February Nymex gas futures contract settled at $2.666/MMBtu, down 6.1 cents day/day. March fell 5.9 cents…

A roundup of news and commentary from NGI’s LNG Insight The Japan Korea Marker spot price jumped 15% day/day to shatter Monday’s record at $32.494/MMBtu amid a supply shortage and severe winter weather. Trafigura Group Pte. Ltd. also reportedly purchased a cargo for delivery in the region at $39.30. The rally continued in Europe as…

Two of Asia’s leading shipbuilders saw an influx of orders for new liquefied natural gas (LNG) carriers this month, capping an otherwise slow year for newbuilds.  Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE) said in a regulatory filing last week that it landed various contracts to build nine LNG carriers. KSOE is scheduled to…

Global natural gas prices are soaring as the week gets underway amid increasing demand in Asia and colder weather in Europe. The Dutch Title Transfer Facility, the dominant price marker in Europe, hit its highest point in nearly two years during Tuesday trading. TTF is moving higher after falling last week amid lackluster heating demand,…

Royal Dutch Shell plc, the world’s largest liquefied natural gas (LNG) trader, has chartered four newbuild, low-emission LNG tankers to be delivered beginning in mid-2024. “These ships will play a key role in lowering emissions from the Shell time charter fleet,” said Head of Shell Shipping & Maritime Grahaeme Henderson. “As well as reducing emissions…

Almost twice as many ships were needed to deliver U.S. liquefied natural gas (LNG) on an equivalent unit basis in the third quarter compared to the global average, the head of shipper GasLog Ltd. said Tuesday. “U.S. exports are the most shipping intensive as the distance to most major discharge destinations is above the global…

Liquefied natural gas (LNG) shipowners that recently capped off first quarter earnings season see a grim outlook for most of 2020 as global supplies teem, prices have cratered and demand wavers.

State-owned Qatar Petroleum (QP) inked agreements this week with South Korea’s major shipyards, reserving construction capacity to secure more than 100 liquefied natural gas (LNG) carriers over the next eight years in a deal valued at more than $19 billion.