Chart’s Q2 orders surge

US LNG equipment specialist Chart Industries saw a record intake of orders in the second quarter while it also increased its full-year earnings guidance.

The firm said orders jumped 83.2 percent year-on-year to $447.9 million contributing to a record backlog of $1.08 billion. The orders included 133 new customers, it said.

Chart said the orders rose on the back of higher demand in several markets.

These include 16 first-of-a-kind orders, including the first LNG road tankers to be operated in South Africa. Chart also booked record HLNG vehicle tank orders and the largest LNG bus order in its history, it said.

Also, the firm said it has received full notice to proceed on the New Fortress Energy’s “Fast LNG” project.

Chart’s quarterly sales increased 11.2 percent to $322 million.

In addition, the firm raised its full-year 2021 revenue guidance and now expects to earn $1.38 billion to $1.43 billion, compared to the prior outlook of $1.36 billion to $1.41 billion.

- Advertisements -
spot_img

Most Popular

Brazil’s GNA gets approval to launch first LNG power plant

Brazilian joint venture Gas Natural Acu has commissioned the first plant as part of its LNG-to-power project in the...

Canada’s FortisBC shrinks expansion plans for Tilbury LNG

Canadian utility FortisBC is scaling back expansion plans for its Tilbury LNG facility in British Columbia. The second expansion phase...

Stena adds LNG power barge to its portfolio

A unit of Sweden’s Stena said it has expanded its jetty-less LNG offering with an integrated power barge (IPB). The...

More News Like This

Chart and ABB ink pact to work on LNG, hydrogen projects

US LNG equipment maker Chart Industries and Swiss engineering group ABB are joining forces to work on modular offerings...

Chart says Q1 orders hit record high

US LNG equipment maker Chart Industries saw a record intake of orders in the first quarter while it also...

New Fortress Energy makes move to build floating LNG producer

Wes Edens-led New Fortress Energy is continuing to boost its LNG business and now has revealed intentions to build...

Liquind opens new LNG filling station as German network grows

Berlin-based Liquind has added another LNG filling station for trucks to the firm's portfolio as it continues to expand...