News Archive
26 May 2017
Could the LNG industry help hold down the price of British wholesale gas in 2018
With increased LNG supplies of up to double the amount of last winter the demand for natural gas should be diminished, which should limit gas prices. Also the cost of coal has come down from around $90 per tonne to around $60 per tonne. The price of winter gas rose to around 52 pence per
27 Apr 2017
The Trump Administration Backs the Construction New LNG Export Facility
Progressive legislative actions and bold statements from the Trump Administration are some of the various indicators that seem to strongly suggest the United States of America is favourably considering the construction and heavy reliance of the newly developed LNG export facility. The concept of building an LNG exporting terminal was initially proposed by energy companies
03 Apr 2017
Vladimir Putin said that Russia not only can but will be world’s largest LNG producer
On Thursday President Vladimir Putin said that his country not only can, but will become the largest LNG producer in the World. The president did not give a time table for reaching this ambitious goal. At present Russia has one LNG export facility, Sakhalin which produces around 9.6 million tons of LNG per year. However
06 Dec 2016
New LNG bunkering vessel to be built for Bernhard Schulte Shipmanagement
Bernhard Schulte Shipmanagement (BSM) currently manages over 120 bulk carriers and has over 40 years experience, have entered into an agreement with Hyundai Mipo Dockyard (HMD) to build a 7,500 cbm liquefied natural gas (LNG) bunkering vessel which will be 117 meters long and 20 meters wide. This vessel is expected to be delivered in
11 Nov 2016
Panama Canal Making Serious Environmental Steps
The Panama Canal took 4 years to expand and double its capacity. A new lane was added and the depth and width of the lanes and locks were increased and that enables bigger ships to enter. The locks (a system that lifts a ship up and down) were made approximately 21.3 metres (70ft) wider and
04 Nov 2016
World trade figures for the transportation of goods by ship
Over 90% of the world’s trade is carried by sea and it is by far the most cost effective way to transport goods and materials around the world. The maritime transport industry is essential to the world’s economy and is overseen by the United Nations regulatory agency; The International Maritime Organization (IMO) who are responsible
03 Nov 2016
Finland opens first LNG import terminal
Finland recently opened its first ever Liquefied Natural Gas (LNG) import terminal. Keeping to its tight schedule, the port opened on 12th September, 2016 in Pori. Deliveries of LNG to customers also began on September 12. As well as delivering to commercial customers, the port will also be delivering LNG to maritime, industry and heavy
21 Oct 2016
The 16 biggest ships produce more pollution than all the cars in the World
The UK newspaper the Daily Mail published the alarming allegation that the 16 biggest ships in the world produce more pollution than all the world’s cars. If true, this would certainly change many people’s perspective on global warming as more often than not cars are singled out as a key contributor to greenhouse gases whilst