LNG

Korean trading company POSCO International and utility group Korea Southern Power have signed a partnership agreement to promote South Korea’s domestic LNG bunkering business, marking a significant step toward establishing the country as a regional hub for clean marine fuels.

The UK has bolstered the role of LNG in the energy transition, with the commencement of long-term LNG operations at the Isle of Grain terminal.

Danish ship owning firm Celsius Shipping and diversified maritime conglomerate The Caravel Group have signed a joint venture agreement to develop a fleet of LNG bunkering vessels.

The Port of Hamburg has progressed plans to bunker LNG and alternative fuels, following a landmark approval for ship-to-ship operations.

Oil major Exxon Mobil has announced deals to charter two new LNG bunkering vessels, establishing the oil major with a foothold in the LNG marine bunkering market and paving the way for future expansion.

CMA CGM is accelerating its focus on LNG as a marine fuel, through investment in its “Made in India” shipbuilding initiative and recent bunkering joint venture.

Maritime classification society Lloyd’s Register and shipbuilder HD Hyundai Mipo (HMD) have progressed plans to design a new LNG bunkering vessel with a record 22,000 CBM capacity, one of the largest currently under development.

Chinese maritime groups Dalian Shipbuilding Offshore Company (DSOC) and China Bunker have partnered to develop the country’s first 20,000 cubic metre LNG bunkering vessel.

Infrastructure developer Galveston LNG Bunker Port (GLBP) has partnered with Mitsubishi UFJ Financial Group (MUFG) to accelerate construction of its LNG marine bunker project in South Texas.

Spanish LNG specialist Molgas Energy has finalized the full acquisition of Titan Energy Holding, extending its position in downstream LNG and bioLNG solutions for industrial, road transport, and marine customers.