International Union of Marine Insurance reports premiums surge to $35.8Bln on higher cargo and ship values
The International Union of Marine Insurance (IUMI) reported a surge in the annual global premium base with the total reaching $35.8 billion, an 8.3 percent increase on the previous year in a business with liquefied natural cargoes currently valued at around $40 million and LNG carriers, for example, worth $250M.
Investigation underway on Freeport LNG fire and explosion but reports suggest damage has been limited
An investigation is under way into the explosion at the Freeport liquefied natural gas export plant at Quintana Island in Texas that could reduce US Gulf Coast cargo shipments for up to three weeks, though the overall damage was now said to be limited.
Freeport LNG hit by explosion incident and closure for several weeks to affect deliveries to Asia and Europe
Freeport LNG, the exporter of around 20 percent of US cargo volumes from three Trains on Quintana Island in Texas, has been hit by an explosive incident inside the facility and will shut for at least three weeks, affecting deliveries particularly to Japan.
Malaysian LNG exporter Petronas reports five injured in fire at Bintulu liquefaction complex supplying Asia
Malaysian energy company Petronas has reported a fire at its main onshore liquefied natural gas production plant at Bintulu, located in the eastern state of Sarawak on the island of Borneo.
