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MATSON BEGINS CONSTRUCTION ON FIRST OF THREE NEW LNG-POWERED ALOHA CLASS CONTAINERSHIPS
Prnewswire· 2024-09-30 18:13
Core Points - Matson, Inc. has initiated the construction of three new "Aloha Class" containerships as part of a $1 billion investment aimed at enhancing its services to Hawaii and the China-Long Beach Express [1][2] - The new vessels will feature dual fuel engines capable of operating on conventional marine fuels or liquefied natural gas (LNG), along with advanced green ship technologies [2][3] - The first vessel is expected to be delivered in Q4 2026, with subsequent deliveries in 2027, contributing to Matson's goal of reducing greenhouse gas emissions by 40% by 2030 [3][4] Investment and Construction Details - The investment of approximately $1 billion will fund the construction of three Jones Act-compliant vessels, which will match the size and speed of Matson's existing Aloha Class ships [2][4] - The new Aloha Class vessels will have a carrying capacity of 3,600 TEU and are designed to operate at speeds exceeding 23 knots [3][4] Environmental Goals - Matson aims to achieve a 40% reduction in Scope 1 greenhouse gas emissions by 2030 and net-zero Scope 1 emissions by 2050 [3][4] - The new ships are expected to help Matson meet its environmental targets while providing additional capacity and speed for its services [3][4] Historical Context and Naming - The new vessels will be named Makua, Malama, and Makena, continuing Matson's tradition of using Hawaiian names for its ships [4][5] - The original ships with these names were commissioned by the U.S. Shipping Board during World War I and were active in the Matson fleet for two decades [5]
Dynagas LNG: Dividend Comeback May Unlock Double-Digit Yield Potential
Seeking Alpha· 2024-09-29 15:26
It's been over three years since I last covered Dynagas LNG (NYSE: DLNG ). In the two articles I published in 2021, I highlighted that investing in the partnership (what I may refer to as a companyHe is a contributing author to the investing group Wheel of Fortune where they share actionable trading ideas across all asset-classes, sectors and industries. The goal of the service is to provide a one-stop-shop for investment and portfolio ideas, while educating the vibrant community of subscribers. Features of ...
Cheniere Energy: Strong Returns Through Expansion And Capital Returns
Seeking Alpha· 2024-09-29 13:53
Group 1 - The article introduces a new contributing analyst, Artem Lishchuk, who focuses on fundamental value investing, particularly in the energy and technology sectors [1] - The analyst expresses a preference for large-cap companies and seeks growth at a reasonable price or value investments in the USA and emerging markets [1] Group 2 - There is a disclosure stating that the analyst does not currently hold any stock or derivative positions in the mentioned companies but may initiate a long position in LNG within the next 72 hours [2] - The article emphasizes that the views expressed are personal opinions and not influenced by compensation from any company mentioned [2]
ExxonMobil Secures 20-Year Access to Guangdong Energy's LNG Terminal
ZACKS· 2024-09-27 15:10
Exxon Mobil Corporation (XOM) has signed an agreement with Guangdong Energy Group in Chinato to use its new LNG receiving terminal for 20 years. The $1 billion LNG receiving terminal is located in Huizhou in the Guangdong province. This terminal is expected to begin commercial operations in the upcoming week, per Reuters.The LNG terminal has the capacity to handle 4 million metric tons of liquefied natural gas per year. Furthermore, for trial operations, the terminal has received its initial cargo from the ...
Excelerate Energy: Long-Term Growth In The LNG Sector
Seeking Alpha· 2024-09-23 12:30
Group 1 - The LNG market is expected to experience rapid expansion, with a significant focus on export terminals and LNG shipping companies from the investment community [1] - The regasification segment of the LNG value chain is receiving little to no coverage, indicating a potential area for investment opportunities [1] Group 2 - The author has a professional background in the Nuclear Power industry, utilizing knowledge of the power and energy sectors to evaluate long-term investment equities [2] - The investment strategy includes focusing on income-producing equities and rental real estate for cash flow and long-term appreciation [2]
Golar LNG Boosts Operational Efficiency Through FLNG Expansion
ZACKS· 2024-09-20 14:16
Golar LNG (GLNG) ,a Bermuda-based company, is set to enhance its floating LNG production capabilities. The company has signed an Engineering, Procurement and Construction (“EPC”) agreement worth $1.6 billion with CIMC Raffles for a new MK II Floating LNG Production (“FLNG”) vessel. The vessel will have an annual liquefaction capacity of 3.5 million tons of LNG per annum.This agreement represents a strategic investment in advanced technology and modular construction, which should enhance operational efficien ...
TotalEnergies Inks a 10-Year LNG Supply Deal With BOTAS
ZACKS· 2024-09-19 14:21
TotalEnergies SE (TTE) announced that it has signed a Heads of Agreement with BOTAS for delivering 1.1 million tons per year (Mtpa) of liquefied natural gas (LNG) for 10 years. It will start delivering from 2027.This agreement is in sync with TotalEnergies’ strategy to grow its long-term LNG sales. Through this deal, TTE can fortify its long-term position in the Turkish LNG market. It should also enable the company to reduce its exposure to spot market gas price fluctuations.Natural gas is an essential sour ...
Cheniere Energy, Inc.: A Strong Company With Great Prospects
Seeking Alpha· 2024-09-18 20:09
NOTE : In this article, "LNG" exclusively refers to Cheniere Energy, Inc. and should not be confused with the acronym for liquefied natural gas. While "LNG" is both the ticker symbol for Cheniere Energy and a common acronym for liquefied natural gas, in this article, it will onlyI am set to join UCLA's Master of Financial Engineering program this fall. I hold undergraduate degrees in finance and computer science from Indiana University Bloomington. My professional background includes internships in private ...
Golar LNG Partners Preferred Units: High Yield But Even Higher Risks
Seeking Alpha· 2024-09-15 12:04
Suphanat Khumsap More than three years ago, New Fortress Energy (NFE) acquired Golar LNG Partners in a $1.9 billion transaction that likely saved the debt-laden partnership from a potential bankruptcy filing. Shortly after closing, the partnership decided to delist its 8.75% Series A Cumulative Redeemable Preferred Units (OTC:GMLPF) from Nasdaq. With the preferred units now trading on the OTC Expert Market, the majority of investors is precluded from trading in the securities except for closing existing pos ...
Here's Why Investors Should Give Golar LNG Stock a Miss Now
ZACKS· 2024-09-06 15:16
Golar LNG’s (GLNG) financial stability is challenged by inflationary pressure pushing up the operating expenses. Elevated vessel operating expenses are further putting a strain on the company’s bottom line, making it an unattractive choice for investors’ portfolios.Let’s delve deeper.Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 34.6% downward in the past 90 days. For the current year, the consensus mark for earnings has moved 31.3% south in ...