LNG

Wärtsilä has signed an eight-year Lifecycle Agreement with Carnival Corp covering four LNG-powered cruise ships, including two vessels currently under construction. The deal covers ships operating under the Princess Cruises and Carnival Cruise Line brands.

Danish shipyard Fayard and CEO Thomas Andersen has been urged to halt all repair and maintenance work on Russia’s ice-class Arc7 LNG carriers, as servicing carried out in 2026 risks extending the vessels’ operational lifespan beyond the EU’s sanctions deadline.

Adani Ports and Special Economic Zone (APSEZ), India's largest commercial ports operator, has secured a $70 million marine services contract for Argentina’s first floating LNG export project, which will supply LNG to India. Commercial operations for the FLNG facility in San Matías Gulf are expected to begin in September 2027, producing 2.45 million tonnes of LNG annually.

Fracking activity is ramping up across the U.S. as producers cater to booming LNG export demand and seek to pre-empt service price spikes. Early movers can reap superior margins.

OLT Offshore LNG, controlled by the Italian gas TSO Snam and Igneo Infrastructure Partners, has completed the commissioning of the new small-scale LNG service, offered through the FSRU Toscana terminal. Testing involved the bi-directional transfer of LNG between a small carrier – the ‘Avenir Aspiration’ operated by Axpo.