LNG

Samsung Heavy Industries (SHI) announced today that it had won contracts for 10 LNG-fuelled Aframaxes valued at KRW751.3 bill ($601 mill) from an Oceania-based shipowner.

Sovcomflot Group, the Russian shipping line with 12 liquefied natural gas carriers in its fleet, narrowed its annual net losses as charter rates improved for LNG and energy trading sectors amid continuing difficult conditions during mid-2018.