LNG

Alternative-fuelled ship orders declined in the first half this year, but LNG remained the dominant choice among shipowners, accounting for 73 of 137 vessels ordered, according to DNV, mainly for containerships and car carriers.

Delivery of 17 LNG carrier newbuildings tied to the TotalEnergies-led 12.8 mtpa Mozambique LNG project has been delayed, with shareholders asking shipyards Hyundai Heavy Industries and Samsung Heavy Industries to defer declaration dates to September 2026.

BW Gas, the gas shipping company, posted record third-quarter earnings before depreciation and disposals of $99.2 million as the LNG and LPG segments significantly increased their operating profit.

Malaysia Marine & Heavy Engineering (MMHE), a unit of Malaysia International Shipping Corp. (MISC), said its Pasir Gudang shipyard now has the capacity for LNG carrier drydocking and refurbishment.