LNG

Spanish ferry company Baleària, which is continuing with its build-out of dual-fuelled ferries with gas capability for use on its Mediterranean routes, has become the first company in the Spanish shipping sector to sign a “sustainable financing” agreement.

Flex LNG, the shipping company with a fleet of 13 carriers, achieved charter equivalent rates of almost $96,000 per day in the fourth quarter to help reach record revenues and net income.