GTT - the LNG containment system designer has received approval in principle (AiP) for its Mark III Flex system at Gastech 2019 in Houston.

Lloyd's Register (LR) has signed an agreement for a joint development project (JDP) with China Merchants Energy Shipping Co., Ltd. (CMES), CNOOC Gas and Power Group, Dalian Shipbuilding Industry Co., Ltd. (DSIC), and GazTransport and Technigaz SA (GTT) to design an LNG-fuelled Very Large Crude Carrier (VLCC).

Joint venture companies belonging to Sovcomflot (SCF Group) and NYK Line have signed a new USD 176 million non-recourse credit facility for eight years with three leading international banks: Sumitomo Mitsui Banking Corporation of Japan (through its German subsidiary, SMBC Bank EU AG); Société Générale of France, and Shinsei Bank of Japan. 

The World Ocean Council (WOC) and LNG Marine Fuel Institute (LNG MFI) have forged a partnership to collaborate in advancing LNG as a marine fuel, and the research and development of technical standards, regulations and management strategies for LNG in the global shipping trade.

MAN Cryo – MAN Energy Solutions’ marine LNG fuel-gas-system manufacturer – has announced that it will supply an LNG fuel-gas supply system to Norwegian ship owner, Egil Ulvan Rederi, for a ‘multipurpose palletised cargo and refrigerated vessel’ newbuild, also known as a LoLo (Lift-on/Lift-off).

A large-scale project for developing gas fields is in full swing as Samsung Heavy Industries has been selected as a technological partner of Arctic LNG carriers for Arctic LNG 2 project of Russia to assist Zvezda with the construction of Arctic LNG carriers and to provide technological support.