LNG: Frederiksen and Exmar call off the wedding

Today, Flex LNG Ltd. noted that completion of the transaction had been subject to, among other things, satisfactory due diligence and agreement on definitive transaction documents.

“The parties have failed to agree on the definitive transaction documents and the previously announced transaction will not be completed,” said Flex LNG, adding that it and Geveran Trading, will continue with the construction of the two 174 cu.m Panamax LNG carriers it has under construction at shipbuilder Samsung Heavy Industries for 2018.

Flex LNG said that it will also “examine other strategic alternatives to add value to the company and its shareholders, including considerations of opportunities across the LNG value chain. The current condition of the LNG market could give interesting consolidation and growth opportunities for the company.”

Exmar said: “The parties have failed to agree on the terms. The previously announced transaction will not be completed.”Exmar will continue focusing on LNG infrastructure and pursue its strategy of barge based FLNG and FSRU projects.”

Keel laid for first LNG bunker barge at Conrad Orange

SEPTEMBER 9, 2015—A keel laying ceremony was held today at Conrad Orange Shipyard in Orange, TX, for the first Liquefied Natural Gas (LNG) bunker barge built in the U.S. Earlier this year,

LaNaval poised to ink order to build two LNG fueled ferries

SEPTEMBER 3, 2015 — Spain’s Baleària Group has reached an agreement with shipbuilder Construcciones Navales del Norte – La Naval for the construction of two natural gas fueled ferries. The agreement is

Who’s the top valued LNG shipping company?

AUGUST 17, 2015—What company has the Highest Value Whole Gas (either LNG or LPG) shipping fleet? According to VesselsValue.com, that honor belongs to Teekay LNG Partners, with 37 vessels and a capacity

CIMC Enric in MOU to buy Sinopac Offshore & Engineering

AUGUST 17, 2015 — Hong Kong listed CIMC Enric Holdings Limited,  an affiliate of China International Marine Containers (Group) Co (CIMC), reports that it has entered into a memorandum of understanding (MOU)

Keppel Shipyard lands another FPSO contract

AUGUST 11, 2015—Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly owned subsidiary Keppel Shipyard Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade

Bechtel awarded FEED contract for Port Delfin FLNG

AUGUST 6, 2015 — Bechtel reports that it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corporation, to perform front-end engineering and design for the first U.S.-based

GE inks gas turbine service contract for fastest ferry

AUGUST 5, 2015 — GE Marine reports that it will provide Buquebus, Buenos Aires, Argentina, with a customized service agreement for the two GE LM2500 gas turbines that power the 99 m

Port of Singapore issues LNG bunkering RFP

JULY 28, 2015 — With more than 42 million tonnes of bunker sales last year, Singapore is the world’s top bunkering port. As part of its efforts to keep that lead, the

Golar inks contract for third GoFLNG conversion

JULY 22, 2015 — With $960 million in financing secured for its first GoFLNG project (see earlier story), Golar LNG Limited has reached agreements for conversion of a third Moss type LNG

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