LNG carrier

Nearly 120 floating production systems could be ordered in the next five years, according to Scottish consultancy Energy Maritime Associates (EMA).

Floating production systems (FPS) first emerged in the 1970s as an option for the production of hydrocarbons discovered at greater ocean depths, surpassing the viability of fixed platform installations.

A 9.5% increase in the LNG carrier fleet is projected by the end of 2024, with a driving order book to fleet ratio of 54.4%.

Cyprus wants to establish itself as a gateway from East Mediterranean gas resources to Europe via a shipping corridor of LNG carriers, its president said on Monday. 

Cyprus' new centrist government, which came to power in February, has cooled to the idea championed by its predecessors of an "EastMed" pipeline transferring gas to Europe. 

"We will prepare a plan to stabilize Bulgargaz. In order for the company to be able to pay the actual contracted quantities of gas". This was stated by acting Prime Minister Galab Donev.

Capital Product Partners, the NASDAQ-listed shipping company controlled by the Vangelis Marinakis family, has successful accepted delivery of a newly built LNG carrier.

Christened "Adamastos", which in Greek means "indomitable", the carrier has a transport capacity of 174,000 cubic meters. It was built at Korea's Hyundai Heavy Industries shipyard.

Close to the astronomical amount of $ 1 trillion is the value of the merchant fleet of the ten largest shipping nations in the world, with the fleet of the first three being worth more than $ 500 billion according to recent research by VesselsValue.

Nigeria's LNG carrier, LNG Abuja II, reached Turkey on Aug. 23, according to the latest ship tracking data.

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The vessel, which has a capacity of 170,000 cubic meters, left Nigeria's port of Bonny on Aug. 9 and arrived at its final destination, the Marmara Ereğlisi LNG Terminal on Aug. 23 at 03.41 local time.

Algerian energy company Hyproc Shipping's LNG carrier, Lalla Fatma N'Soumer, reached Turkey on July 9, according to ship-tracking data.

The vessel, which has a capacity of 144,888 cubic meters, left Algeria's port of Arzew on July 2 and arrived at its final destination, the Aliaga LNG terminal on July 9 at 21.00 local time.

The ship is sailing under the Bahamas flag.

Algerian energy company Hyproc Shipping's LNG carrier, Lalla Fatma N'Soumer, is due to arrive in Turkey on July 9, according to ship-tracking data on July 7.

With a capacity of 144,888 cubic meters, the vessel left Algeria's port of Arzew on July 2 and is currently en route to its next destination, the Aliaga LNG terminal.

Interest in the construction of new ships carrying liquefied natural gas and liquefied petroleum gas has been expressed in recent days, according to brokerage firm Intermodal.

A total of nine LNG Carriers and LPG Carriers agreements were signed last week.