Hybrid electric propulsion at the heart of next-gen LNG carrier design

London-headquartered Lloyd’s Register (LR), a maritime classification and technical services provider, is teaming up with South Korea’s HD Hyundai Heavy Industries (HHI), headquartered in Ulsan, and HD Korea Shipbuilding & Offshore Engineering (KSOE), based in Seongnam, to push hybrid-electric propulsion into the next generation of liquefied natural gas (LNG) carriers (LNGCs). The post Hybrid electric …

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Shell and MET Group pen new multi-year US LNG supply deal

MET International, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and UK-headquartered energy giant Shell have struck a long-term liquefied natural gas (LNG) agreement to strengthen Europe’s energy security with LNG sourced from the United States (U.S.). The post Shell and MET Group pen new multi-year US LNG supply deal appeared …

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LNG Shipping Showing Signs of Improvement

LNG The LNG market showed signs of improvement this week, with increased chartering activity and stronger sentiment supporting spot rates across both basins. While vessel availability remains elevated, emerging October requirements and renewed interest in multi-month coverage helped improve market confidence. On the BLNG1 Australia–Japan route, rates increased by $5,300 week-on-week to settle at $26,000/day. …

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Biofuel Bunker Snapshot: Rising ZRE A ticket price weighs on Rotterdam bio-bunker prices

Europe Rotterdam’s pure B100 (POMEME) price has increased $23/mt in the last week to $1,327/mt. The B100 price has fluctuated, dropping around $100/mt from last Friday to Thursday this week, before increasing sharply in the past day to $1,327/mt today. Dutch suppliers can generate ZRE A tickets for selling low carbon fuels, which can be …

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Intra Asia Container Index Rises Slighlty

Drewry’s Intra-Asia Container Index (IACI) edged up 1% this week to $1,323 per 40ft container. The IACI Composite Index has broken its all-time high for the third consecutive week, indicating that ongoing geopolitical and typhoon-related disruptions continue to ripple through supply chains and constrain available capacity. See detailed commentary below. IACI hits record high for …

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Qatar accedes to MARPOL Annex VI

Qatar has acceded to MARPOL Annex VI, a move that will bind the Gulf state to global shipping emissions rules and give it voting rights on the formal adoption of the IMO’s Net-Zero Framework (NZF). Qatar deposited its instrument of accession to Annex VI of the International Convention for the Prevention of Pollution from Ships …

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CMA CGM to implement major rate increases to US from East Asia on 1 October

Global container shipping major CMA CGM will implement a peak season surcharge (PSS) of $4,000/FEU (40-foot equivalent unit) on all cargo from Asia Pacific and India to both US coasts effective 1 October. For comparison, its current PSS is listed as $2,500 USD/40 for Shanghai-Los Angeles. Shipping market intelligence firm Linerlytica said capacity remains very …

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Baker Hughes enlisted to power next wave of Venture Global’s LNG expansion

U.S.-headquartered energy technology giant Baker Hughes and Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, are deepening their partnership as the LNG developer moves forward with the next stage of a major U.S. LNG infrastructure buildout. The post Baker Hughes enlisted to power next wave of Venture Global’s …

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