NOVATEK, Sovcomflot to build 15 Arc7 LNG carriers

In an effort to enhance northern oil and gas fields and boost Arctic shipping, Sovcomflot and NOVATEK entered into long-term charter agreements so as to build 14 Arc7 ice-class LNG tankers.

First foreign vessel bunkers LNG in a US port

FURE VEN, a dual-fuel vessel owned and operated by Swedish chemical tanker operator Furetank, has become the first non-US flagged vessel to bunker LNG in a US port, building confidence in the case for LNG as an attractive solution for international trading vessels in the country. 

Shipping decarbonization: What does the future hold

Shipping is experiencing increasing pressure to decarbonize its operations and to reduce emissions to air. In April 2018, the IMO adopted an ambitious GHG reduction strategy, aiming to reduce with at least 50% total GHG emissions from shipping by 2050. As it is expected, such an unprecedented change, poses challenges for a range of stakeholders, from ship owners, to ship builders, designers, and fuel suppliers financiers and policy makers.

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