Daily Archives: July 15, 2020

Nakilat logs 15.5 percent profit rise

By Mirza Duran Qatar’s Nakilat, the world’s largest LNG shipper, reported a 15.5 percent rise in first-half profit as it reduced administrative costs and purchased stakes in four vessels. Q-Max LNG carrier Mozah (Image: Nakilat) The Qatari LNG shipping giant posted a net profit of 550 million riyals ($151 million) compared to 476 million riyals…

Woodside’s revenues sink despite record output

By Nermina Kulovic Australian energy giant Woodside saw its quarterly revenues drop despite record-high output in the second quarter of 2020 affected by low oil price environment. The post Woodside’s revenues… … Read Full Article Here For more great articles: Offshore Energy Today

Hoyer Group boosts its LNG business

By Adnan Bajic German logistics services provider Hoyer Group is expanding its liquefied natural gas (LNG) transport business footprint. Courtesy of Hoyer Group The market for alternative energies is growing rapidly worldwide. This trend has prompted the Hoyer Group to take the step further. The company noted in its statement that LNG also shows potential…

BW sells old LPG vessel

By Mirza Duran BW LPG, a unit of the Singapore gas shipping giant BW, has sold its old carrier Berge Summit to an unidentified owner for continued trading. Image: BW LPG The LPG shipper says the sale would generate about $9 million in liquidity and an expected net book gain of $4 million. BW took…