U.K. puts new sanctions on Russia’s shadow fleet
As Russian attacks on Ukrainian civilian targets continue, the U.K. has unveiled a major new sanctions package aimed at choking off Russia’s war effort on multiple fronts. It says the new sanctions
LNG carriers
CLSICO signs Wärtsilä lifecycle agreement covering three LNG carriers
Wärtsilä has signed a 15-year lifecycle agreement with China LNG Shipping (International) Co. Ltd. (CLSICO). Covering three LNG carriers, the lifecycle agreement is designed to ensure operational reliability, enable flexibility in maintenance
Hanwha Ocean orders ME-GI engines for LNG carrier newbuilds
South Korean shipbuilder Hanwha Ocean has ordered four MAN B&W 5G70ME-GI Mk10.5 engines in connection with the construction of two 174,000 cubic meter LNG carriers for an undisclosed shipowner. Hanwha Engine Co.
$125 million U.S. loan will help revive Greece’s Elefsina shipyard
The U.S. development finance agency, the Development Finance Corporation (DFC) has signed financing agreement to provide a $125 million loan to ONEX Elefsis Shipyards and Industries (ONEX) to rehabilitate and modernize the
QatarEnergy’s LNG ambitions boost WinGD engine orders
With the U.S. emerging as the world’s leading exporter of LNG in the first half of this year, QatarEnergy today took another slice of the American LNG pie. It announced an agreement
Knutsen OAS signs up 4 LNG carriers for Wärtsilä service plan
Wärtsilä has signed a service agreement with the Norway’s Knutsen OAS. Covering the reliquefaction plant for four Knutsen LNG carrier vessels, it is designed to optimize their day-to-day operational performance. The scope
Teekay LNG to become Seapeak
Teekay LNG Partners L.P. (NYSE: TGP) today reports that its previously announced acquisition by investment vehicles managed by New York City headquartered Stonepeak has completed. With the $6.2 billion deal done, the
Minerva Gas signs up five ships for Wärtsilä optimized maintenance
Wärtsilä has signed long-term optimized maintenance agreements covering five LNG carrier vessels owned and operated by Greece-based Minerva Gas Inc. The advanced support package in these agreements is designed to ensure operational
NYK LNG Ship Management signs optimized maintenance agreements with Wärtsilä
Wärtsilä has signed two long-term optimized maintenance agreements with Japan based NYK LNG Ship Management. The 15-year agreements, which took effect fom January 2021, cover the Wärtsilä 50DF dual-fuel engines and other
WingGD broadens X72DF choices
Winterthur Gas & Diesel (WinGD) is now offering four versions of its X72DF dual-fuel engine platform. The X72DF is WinGD’s best-selling engine. Particularly successful in newbuild LNG carriers, it is also applicable