Welcome to another issue of my LNG Shipping Newsletter! I’m kicking things off with a quick insight to sharpen your LNG knowledge 🎓, followed by a snapshot of the latest LNG prices 💰, and then we’ll unpack the key developments in LNG shipping from the past week 📅.

🎓 LNGKnowledge

The LNG ship can be loaded partially when a failure occurs in one tank 🚨 or simply if the discharge port requires a quantity less than the total volume of the ship.

The partial loading can be in two, three or four tanks. These conditions are found in the Loading / Stability booklet and approved by the classification society 🖋.

Before accepting any loading/discharging instruction, the Captain/Chief Officer must ensure that, during all the sea passage, the ship's hull will not experience any unacceptable stress (Shear force, Bending moment) by checking/calculating all the possible scenarios 🎯.

Source : Cargo Operating Manual

Rollover refers to the rapid release of LNG vapour that can occur as a result of the spontaneous mixing of layers of different densities of LNG in a storage or cargo tank 🏭. 

Stratification will occur readily if the LNG being introduced into the tank is either denser than that of the heel remaining in the tank and filling is at the bottom, or if the LNG introduced is lighter than the heel and filling is into the top of the tank.

Studies showed that a density difference of 1 kg/m3 could result in stratification if incoming LNG was introduced at a very slow rate.

Source: LNG Cargo Operating Manual

💰 LNGPrices

Freight rates / 174,000 m3 / 2 Stroke

Atlantic - (Spark30S)

$ 40,750 / day

Pacific - (Spark25S)

$ 22,550 / day

Natural Gas

Asia (JKM) - Jun 25

$ 11.12 / mmBtu

Europe (NWM) - Jun 25

$ 10.16 / mmBtu

Bunkers

$/MT

LNG

VLSFO

MGO

Singapore

718.744

491.00

592.50

Rotterdam

689.832

445.00

593.50

🏭 LNGTerminals

Golar LNG has taken a final investment decision on the 20-year redeployment of its 2.45 mtpa Episeyo to consortium Southern Energy in Argentina and agreed a deal on its under-conversion unit 🏗.

The charter on the existing unit — which is more commonly referred to as the Hilli — is due to begin in 2027 📅.

(C) Copyright Tradewinds 2025

Source: Golar LNG

The regasification unit BW Singapore, moored 8.5 km offshore Ravenna, has completed commissioning within the scheduled time 🎊.

Similarly to the Italis LNG terminal already in operation in Piombino 📌, the BW Singapore regasification unit, purchased by Snam in July 2022, has an annual regasification capacity of 5 billion m3 💭.

(C) Copyright LNG Industry 2025

Source: BW LNG

VTTI and Höegh Evi have officially launched the permitting process for Zeeland Energy Terminal (ZET) 🤝, a major step towards strengthening the Netherlands’ energy infrastructure ⚡.

Located in Sloehaven in Vlissingen or Braakmanhaven in Terneuzen 📌, ZET will feature a FSRU that will directly connect to the national gas grid, boosting the country’s LNG import capacity 💧.

ZET aims to commence operations by 2028/2029.

(C) Copyright LNG Industry 2025

Source: Höegh Evi

🚢 LNGShips

An LNG carrier controlled by Russian interests and sanctioned by Western authorities, which is part of the country’s so-called shadow fleet ⚫, has become one of the few gas ships to sail through the Suez Canal in the past two years 🌍.

Kpler data shows the 79,833-cbm Mulan (ex-Mulan Spirit, built 2024) sailing in ballast via the waterway with no destination signalled .

(C) Copyright Tradewinds 2025

Source: Tradewinds

🏗 LNGShipbuilding

An LNG carrier has been cut in half ✂ as the $2.2bn job gets underway to rebuild it as Golar LNG’s first 3.5-mtpa Mk II floating LNG production unit 💧.

The company bought the 149,172-cbm Moss-type 👉 Fuji LNG (built 2004) in 2023 specifically for conversion into an FLNG unit.

This new midship sector will house the liquefaction unit 🏭, with the original vessel tanks reattached on either side to provide the storage.

The FLNG unit is due for delivery in the fourth quarter of 2027 🎊.

(C) Copyright Tradewinds 2025

Source: Tradewinds

🤝 LNGContracts

OQ Trading (OQT), the international energy and commodity trading vehicle of the Government of Oman, has signed a definitive 15-year LNG sales and purchase agreement (SPA) 🤝 with Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance. 

Under the agreement, OQT will purchase 0.6 million tpy of LNG FOB 💧 from Amigo LNG's export terminal in Guaymas, Sonora, Mexico.

(C) Copyright  LNG Industry 2025

Source: LNG Industry

💧 LNGBunkering

TotalEnergies and OQ Exploration and Production celebrated 🎊 the ground-breaking of the Marsa LNG plant, in the port of Sohar, northern Oman 📌.

The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC 🏗, a joint company between TotalEnergies (80%) and OQEP (20%). 

The LNG production, which is expected to start in the first quarter of 2028, is primarily intended to serve the marine fuel market (LNG bunkering) in the Gulf 🔥.

The Marsa LNG plant is fully electrified and combined with a 300 megawatt-peak (MWp) photovoltaic solar farm ⚡ that will supply the equivalent of the plant’s annual energy needs. Marsa LNG will therefore be one of the lowest carbon intensity LNG plants in the world.

(C) Copyright TotalEnergies 2025

Source: TotalEnergies

AlternativeFuels

Incat is heralding a milestone in the shipping industry as it floated out the world’s largest battery-electric ship 🏆 which it says is also the largest electric vehicle of its kind ever built 🥇

The ferry China Zorrilla (approximately 14,000 gross tons) being built for Argentina-based Buquebus was floated from the building dock at the Incat shipyard in Hobart, Tasmania in Australia 🏗.

Officially known as Hull 096 currently, the vessel is 130 meters (426 feet) in length and when completed will carry up to 👉 2,100 passengers and 225 vehicles.

(C) Copyright Marine Executive 2025

Source: Marine Executive

🌎 ShippingNews

The Mediterranean Emission Control Area officially launched on May 1 🎊, under the MARPOL Annex of the International Maritime Organizations. Officials are hopeful that it will help to clean the Mediterranean region and contribute to the overall improvements already seen in air quality 💭 since the launch of the first ECA in the Baltic and the addition of three subsequent areas.

Under the new requirements, ships must reduce the sulfur content 📉 in marine fuel to 0.1 percent from the global standard of 0.5 percent.

(C) Copyright Maritime Executive 2025

Source: Marine Executive

👨‍💻 LNGJobs

Faststream is looking for :

LNG Chief Officer

Requirements

  • Minimum 2.5 years in rank

  • Availability to join by mid-May

  • US visa 

Contract

  • 10 weeks

  • $9,167 (monthly)

Contact

Have a great week ahead !

Mustapha 👋🏻

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