Puerto Rico is ending attempts to negotiate a multi-billion dollar liquefied natural gas contract with New Fortress Energy after the company refused to accept the terms of an amended deal, one of the negotiators said.

Hanwha Shipping of South Korea has placed an order for a new LNG carrier with Hanwha Philly Shipyard, the first such U.S.-built vessel in almost 50 years. The post Historic order for U.S.-built LNG carrier could test new rules appeared first on FreightWaves.

TotalEnergies and French shipping group CMA CGM have launched a joint venture to operate a liquefied natural gas (LNG) bunker supply solution at the Dutch port of Rotterdam, the French oil major said on Wednesday.

Hanwha Shipping, the American subsidiary of Hanwha Ocean, ordered a liquefied natural gas vessel from its affiliate Hanwha Philly Shipyard, marking the first US LNG ordered ship since the late 1970s,

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TotalEnergies and CMA CGM Group have launched a joint venture to provide LNG bunkering supply services at the port of Rotterdam, accelerating the energy transition in the maritime sector.

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The contract is structured so that Hanwha Philly Shipyard, as a U.S. shipyard, will first sign the contract for the construction of an LNG carrier ordered by Hanwha Shipping, an affiliate of Hanwha Ocean, and then subcontract the construction contract to Hanwha Ocean.

Cheniere Energy (LNG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

New Fortress Energy (NASDAQ:NFE) -7.8% in Wednesday's trading after Bloomberg reported that Puerto Rico has ended attempts to negotiate a multi-billion dollar liquefied natural gas contract after the company refused to accept the terms of an amended deal.