Introduction 2022 was an eventful year for the Offshore industry. Geopolitical tensions between Russia and Ukraine caused the price of oil to hit USD 100 per barrel and reach highs of c. USD 130 per barrel. Oil majors announced record profi

Chinas liquefied natural gas (LNG) carrier manufacturers have ramped up vessel supplies to meet the growing demand from global clients. As the shortage of natural gas in Europe continues to intensify, the demand for LNG carriers in the inte

Paris-Tianjin January 12th, 2023. As part of the BGGTianjin Nangang LNG terminal, China Huanqiu Contracting Engineering Co. Ltd (HQCEC) has completed the construction of two Liquefied Natural Gas (LNG) onshore storage tanks, each with a cap

Chinese oil and gas giant CNOOC Limited has unveiled its 2023 Business Strategy and Development Plan, which entails ramping up oil and gas production this year by bringing new projects on stream while advancing the transition to low-carbon

In 2022, the new shipbuilding market of LNG carriers in the world presents an unprecedented blowout trend. CSSC has made a major breakthrough in the undertaking of large-scale LNG carriers, which will become the biggest highlight of the hig

Swiss-based liner major Mediterranean Shipping Company (MSC) is starting the year on a high note with the construction of its New Panamax giants in China making headway. Namely, Dalian Shipbuilding(DSIC), part of China State Shipbuilding Co

(10 January 2023, Hong Kong) CIMC Enric Holdings Limited (CIMC Enric) and its subsidiaries (collectively, the Company) (Hong Kong stock code: 3899.HK) are pleased to announce that CIMC Blue Water Technology Development (Guangdong) Co. (CIMC

China is leading the world in building liquefied natural gas (LNG) carriers with the orders accounting for over 30 percent of the global market share. Since the beginning of 2022, the cost of a mainstream 174,000 cubic meterLNGcarrier has r

Paris January 3th, 2023.GTT announces that it has received an order from its partnertheChineseshipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. for the tank design of six new Liquefied Natural Gas Carriers (LNGC), on behalf of several

December 23, 2022, Shanghai, China. Wison (Nantong) Heavy Industry Co.Ltd has signed with Eni a major EPCIC contract for the delivery of a FLNG facility. The floating liquefied natural gas (FLNG) facility has been designed to produce a name

CNOOC NWS Private Ltd has played an active and unique role in promoting communication and cooperation between Australia and China in the liquefied natural gas industry and contributing to local communities and job opportunities in Australia

On December 15, the second 174,000 m3 large-scale LNG carrier WU DANG built by Hudong-Zhonghua Shipbuilding and China Shipbuilding Trading for COSCO Shipping and PetroChina Internationals LNG transportation project was delivered. WU DANG is

Chinese shipbuilder Xiamen Shipbuilding Industry, part of FujianMaweiShipbuilding, has held a steel cutting ceremony for a 2,900 TEU feeder being built for Eastern Pacific Shipping (EPS). This is the third vessel from a series of six firm v

Paris December 12, 2022.GTT announces that it has received its first orderfor the tank design of two LNGCs from its new partnertheChineseshipyard Yangzijiang, on behalf of a European ship owner. GTT will design the tanks of these two vessel

China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Thre