Norwegian owner Flex LNG is exploring with new and existing partners to join the company in ordering new liquefied natural gas (LNG) carriers, according to interim CEO Marius Foss.
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US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.
South Korean shipbuilder Hanwha Ocean and steel producer Posco plan to build a liquefied natural gas (LNG) carrier equipped with high-manganese steel cargo tanks.
Norwegian LNG carrier owner Flex LNG reported higher revenues and net income in the second quarter due to high spot earnings from two vessels, while the company expects the freight market to remain volatile for the remainder of this year.