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Maritime Activity Reports, Inc. (Photo: Port of Corpus Christi Authority) One of the United States' top oil export ports said it plans to build infrastructure for bunkering vessels fueled by liquefied natural gas (LNG). The Port of Corpus Christi Authority said it inked a memorandum of understanding (MOU) with Stabilis Solutions to facilitate the use of LNG as a marine fuel at the U.S. Gulf Coast port as vessels running on the cleaner-burning fuel become increasingly prominent among the world shipping fleet. The Port of Corpus Christi said some of the vessels calling the port today are alread...

Share: HOUSTON, TX, May 04, 2021 (GLOBE NEWSWIRE) -- The Port of Corpus Christi Authority and Stabilis Solutions Inc. ("Stabilis") (NASDAQ:SLNG), a leading provider of energy transition services, including hydrogen and liquefied natural gas ("LNG") fueling solutions, have entered into a Memorandum of Understanding (MOU) to facilitate the use of LNG as a marine fuel at the Port of Corpus Christi. LNG-powered vessels are becoming increasingly prominent amongst the world fleet, as LNG fuel benefits port customers in both efficiency and emissions reductions compared to diesel combustion engine...

View Comments The Port of Corpus Christi is partnering with Stabilis Solutions Inc. to build liquified natural gas fueling infrastructure at the port.  The port and Stabilis, a Houston company, announced Tuesday they had entered into a Memorandum of Understanding for the structure. Port officials said need for more LNG infrastructure has increased as a growing number of vessels that travel in and out of the port are LNG-powered. "We have a strong commitment to protecting our air attainment status, so by offering LNG as an alternative to diesel as a marine fuel within our gateway, we are e...

Advertisement Stabilis Solutions, Inc., a provider of energy transition services including hydrogen and LNG fuelling solutions, has announced record preliminary first quarter 2021 revenues in the range of US$17.5 million to US$17.8 million. This revenue range is a 29% to 30% increase compared to US$13.7 million in 4Q20 and a 26% to 29% increase compared to US$13.8 million in 1Q20. 1Q20 was the Company’s previous record revenue quarter. Stabilis delivered 13.4 million gal. of LNG during the quarter, a 29% increase compared to 4Q20 and a 12% increase compared to 1Q20. “Stabilis is proud to ...

Source: Stabilis The revenue range is a 29% to 30% increase compared to $13.7 million in the fourth quarter of 2020 and a 26% to 29% increase compared to $13.8 million in the first quarter of 2020. Stabilis delivered 13.4 million gallons of LNG during the quarter, a 29% increase compared to the fourth quarter of 2020 and a 12% increase compared to the first quarter of 2020. “Stabilis is proud to report record revenues for the quarter, beating our prior record quarter, the first quarter of 2020, by well over 25%,” said Jim Reddinger, Stabilis Solutions’ President and Chief Executive Offi...