LNG – Page 151 – EMSSTROM

Drewry: LNG Shipping Rates Rise as Sanctions Hit Vessel Availability

The LNG shipping market finally came to life when a combination of factors worked in tandem to squeeze the vessel supply.

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PETRONAS LNG completes its third delivery of LNG cargo through a break-bulking STS transfer to two ships.

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The final contract is expected to be awarded before the end of April 2020.

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The contract confirms the parties’ intentions to construct LNG transshipment complexes in Kamchatka and Murmansk.

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LNG is the most mature, scalable, and commercially viable alternative fuel currently available for the maritime industry.

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