TMC to supply ALS compressors to NYK’s LNG carriers

TMC Compressors (TMC) has been awarded a contract by Hyundai Heavy Industries (HHI) to deliver marine Air Lubrication System (ALS) compressors to four LNG carriers that the Korean shipbuilder is constructing for Japanese shipowner NYK Line. Each of the four LNG...
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China’s LNG imports set to slow

China appears to have taken advantage of low prices in the spot market so far in 2024 to boost the amount of gas in storage, absorbing some of the extra fuel that would otherwise have been sent to Europe. But as storage facilities fill and spot prices rise, the intake...
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Baltic index falls as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Monday, weighed down by a dip in rates for the capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and...
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