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.
Though maritime shipments of LNG are routine today, it was only 62 years ago that the first shipment of LNG occurred.
Infrastructure hearings and a controversial waiver have lawmakers taking sides on the Jones Act debate.
The rapid growth in LNG imports to China, Japan and Korea is driving the cost of transportation higher, with Atlantic cargoes bound for Asia approaching $100,000 per day for Large LNG carriers, up from $30,000 per day a year ago.
New icebreaking LNG carriers are sailing directly from Russia to China through the Northern Sea Route, creating a faster, cheaper connection between some of the world’s largest gas fields and the world’s largest gas consumers.
