The BW Group of Singapore with LNG and shipping interests and led by Andreas Sohmen-Pao has shuffled shareholdings by acquiring a bigger stake in BW Energy with a purchase of shares in the energy unit from another affiliate BW Offshore.
Höegh LNG Partners, the US-listed company whose dominant shareholder is the de-listed Höegh LNG Holdings which is now partnered with the infrastructure unit of US investment bank Morgan Stanley, reported reduced third-quarter earnings in three revenue fronts for a reduced fleet of five vessels.
Gaztransport and Technigaz (GTT), the French LNG storage technology company, has received another order for a China-built LNG carrier as its Chinese business links increase and broaden.
The American Bureau of Shipping, the US classification society, said a small-scale LNG carrier, the world’s first such vessel to be fitted with an innovative cargo containment system based on IMO requirements for independent type A tanks, has been delivered to the shipping line from the Chinese shipbuilders.
MISC Group, the Malaysian company with more than 30 liquefied natural gas carriers in its fleet and with engineering and offshore divisions, is hoping to build on the momentum for growth in the shipping sector after sensing increased demand and securing two LNG carrier charters from ExxonMobil.