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Share: More shipowners have come to Wall Street than have left over the past half decade. Yet most of the new arrivals have been micro-cap stocks and some of the recent departures have been big names. On Monday, liquefied natural gas (LNG) shipping giant GasLog Ltd. (NYSE: GLOG) announced plans to go private. The delisting of GasLog follows on the heels of January s definitive agreement to fold Navios Containers (NYSE: NMCI) into Navios Partners (NMM), December s take private announcement by Seacor (NYSE: CKH), the delisting of Teekay Offshore s common (but not preferred) units in January 2020 after the takeover by Brookfield Business Partners, and the privatization of DryShips in October 2019. ....
Jan 14 2021 There are developments with LNG fuelled chemical / crude tankers happening around a number of ‘focal points’ – Shell, Swedish owners, Sovcomflot and shuttle tankers. There are a number of developments happening around the world to use LNG fuel for crude / chemical / products tankers – which seems to be happening around ‘focal points’ of Shell, Swedish owners, Sovcomflot and shuttle tankers. This article reviews the developments.
There is nothing new about using LNG fuel for LNG carriers – as a way to use their own boil off gas. Using LNG to power tankers for normal liquid cargoes – crude and chemicals – is still very now. ....