LNG

Air Products, the world's leading maker of heat exchangers for LNG liquefaction plants, has held a ceremony to open a new LNG  manufacturing facility in Florida to double the company's manufacturing capacity of the proprietary equipment.

Det Norske Veritas GL, the merged Norwegian and German classification societies, said a combination of rising fuel-oil bunker prices, environmental awareness and regulations, growth in production and developing infrastructure have served as the tipping point for LNG to establish itself as a viable primary fuel for commercial vessels in the…

Wartsila Corp., the marine propulsion maker that has provided engines for about 100 LNG carriers, said it was no longer in discussions with Rolls-Royce after the UK company made a takeover approach for the engines division of the Finnish firm with an overall valuation of $9 billion.

High seas piracy continues to threaten LNG carriers and other vessels as attacks grow more random and the threat widens from the Gulf of Aden and West Africa into previously incident-free areas.