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Free ReadSeatrium of Singapore, a leading global company in repairing, upgrading or refitting LNG carriers, has signed another favoured customer contract - this time with Teekay Shipping in Australia. Seatrium said that this latest Teekay agreement was its first with a leading ship management company for the repairs and upgrades of…
With the global liquefied natural gas fleet now numbering 710 ships in the second quarter of 2024, the LNG and shipping industries are still contemplating a future led by market and policy uncertainties and more geopolitical challenges around the world.
Temasek, the Singapore wealth fund that recently sold all liquefied natural gas interests to Shell, plans to focus on investing in Chinese companies with large domestic sales sales rather than those that depend on foreign markets.
The US Government forecasts increases in liquefied natural gas exports as well as higher benchmark Henry Hub natural gas prices and a rise in the Brent crude oil price in early 2025, while outlining working gas storage expectations at end of injection season.