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Golar LNG Restructuring & Equity Offering

Golar LNG Limited announced a major restructuring combined with an intent to conduct an equity offering in its newly formed subsidiary, Golar LNG Energy Limited. Consistent with the announcement made in Golar's first quarter report, Golar has incorporated Energy in Bermuda for the purpose of transferring such part of its asset portfolio which is not employed on long term charters to this entity. The transfer will include the following assets and activities: •    the ownership of four modern LNG carriers (Gracilis, Grandis, Granosa and Golar Arctic) •    the ownership of three 1970's built LNG carriers  (Khannur, Gimi and Hilli) •    A 50% ownership interest in another 1970's build LNG carrier (Gandria) •    A 13.6% ownership interest in the Australian listed company LNG Ltd. •    Golar's current project portfolio •    certain financial obligations, notably swap arrangements In addition, Energy will acquire the subsidiary owning the 1970 built LNG carrier Golar Freeze which is scheduled to be converted to an FSRU vessel.   The transaction will be structured as a sale by Golar to Energy of its shares in and shareholder loans to the subsidiaries which are the formal owners of the above referred assets. In addition certain contractual rights will be transferred.


Aqualis Offshore Lands Study Job for LNG Barge

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed.    Aqualis Offshore’s work scope is to provide a Failure Modes and Effects Analysis (FMEA) study for Control and Alarm Monitoring System (CAMS), Emergency Shutdown System (ESDS)


LNG Containment System Upgrade DNV Qualified

GTT’s Mark III LNG cargo containment system reduces the boil-off rate from LNG carriers by one third. Mark III is GTT’s well-established containment system. This has now been further developed to reduce the boil-off rate from 0.15% to 0.10% of the cargo volume per day. The common industry practice has been to build LNG carriers with boil-off rates of 0.15% of the cargo volume per day, reflecting the typical need for boil-off gas as fuel on board


Jensen to Design LNG Bunker Barges

Image: Jensen Marine

Houston-based LNG fuel supply and distribution company LNG America LLC announced today that it has contracted Jensen Maritime, Crowley Maritime Corp.'s Seattle-based naval architecture and marine engineering company, to design the initial bunker/shuttle barge for its U.S. Gulf Coast operations. Currently no LNG bunkering barges are in operation in American waterways, and these vessels will be among the first to be developed and built


Bestobell Bags Hat Trick Order in China

Photo courtesy of Bestobell Marine

Bestobell Marine, part of the President Engineering Group, has received its third order in the past 12 months from Hudong Zhonghua shipyard in China. The deal involves the supply of 460 cryogenic miniature needle globe valves per ship for four Teekay/CNOOC/China Shipping Group LNG (liquefied natural gas) Carriers to be built at the shipyard, which will be chartered by BG Group. Bestobell Marine has already secured orders for its cryogenic globe and check valves


LNG Carrier BEIDOU STAR Delivered

LNG Carrier BEIDOU STAR

  Mitsui O.S.K. Lines, Ltd. today announced the successful delivery of the LNG carrier BEIDOU STARfrom Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) on November 30. The BEIDOU STAR is the third ship in a series of four new-build LNG carriers that will provide transportation services on long-term charter, for ExxonMobil’s LNG interests in Papua New Guinea and Australia (*1). Before the delivery, the naming ceremony was held at the Hudong shipyard on November 6.


LNG in marine propulsion: Disruption to Maritime Industry?

LNG Propulsion Photo.jpg

According a new forecast by MEC intelligence nearly 10,000 vessels could be adopting LNG propulsion by 2020 triggering a huge growth in the market. Companies in all aspects of the maritime value chain– oil majors, terminals, ports, bunker suppliers, service companies, component producers, vessel owners and charterers – need to rethink their offerings.” A ground breaking report published by the maritime cleantech market insight firm MEC Intelligence estimates more than 5%


Harvey Gulf Buys 9 Bee Mar OSV's & to Stretch 5

A Harvey Gulf Vessel: Photo courtesy of Harvey Gulf

Harvey Gulf International Marine closes its asset purchase purchase deal with Bee Mar LLC. The purchase price for the all-cash sale of Bee Mar's nine Offshore Supply Vessels was US$243-million. Harvey Gulf immediately renamed the vessels consistent with other Harvey Gulf vessels and began seeking bids to stretch 5 of the new vessels to meet 250’ OSV class specifications. Harvey Gulf also announced that it has exercised 2 of its 4 options to construct additional LNG OSV's at TY


Coming soon: German LNG-powered Ferries

An animated sequence of the AGA Seagas LNG fueling vessel by Bomin Linde LNG GmbH

 Germany’s AG-Ems is preparing to put two liquefied natural gas-diesel dual fuel ferries into operation for the summer season in the North Sea for the first time. They both are powered by Wärtsilä 20DF engines, with fuel to be supplied by Bomin Linde.   The 305-foot Ostfriesland is in the final stages of conversion to LNG power at Germany’s BVT (Brenn-und-Verformungstechnik Bremen GmbH) shipyard using two 6-cylinder Wärtsilä 20DF dual-fuel generating


GTT Grants License to India's CSL

GTT grants a License Agreement to Cochin Shipyard Ltd. for the construction of LNG carriers    GTT (Gaztransport & Technigaz) announced it has granted a License Agreement to Cochin Shipyard Ltd. (CSL) for the construction of LNG carriers using GTT's membrane containment systems.   CSL, the first Indian shipyard to be licensed by GTT, received this license after completing the GTT qualification process including membrane tank mock-up installation.  


NASSCO Delivers Second LNG Containership

Perla Del Caribe (Photo: General Dynamics NASSCO)

 Fueled by liquefied natural gas, the Perla Del Caribe will join its sister ship, the Isla Bella, as the greenest containerships in the world.   U.S. shipbuilder General Dynamics NASSCO today delivered the world’s second containership to be operated by liquefied natural gas (LNG)


Yamal Project’s First Ice-going LNG Carrier Launched

Image: ABB

The first of 15 ice-going LNG carriers for the Yamal project has been launched and is set to sail the arctic waters from Siberia to Europe and Asia. Built by Daewoo Shipbuilding and Marine Engineering (DSME) in its Okpo South Korea yard, the new vessel, SCF Yamal


Keppel, BG Group JV to supply LNG Bunkers in Singapore

BG Group and Keppel to fuel ships with LNG in Singapore Photo BG Group

First delivery of LNG bunker expected to commence in 2017 Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of


Crowley Christens 2nd LNG-ready Product Tanker

Photo: Crowley

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of four new Jones Act product tankers yesterday at the South Florida Petroleum Terminal (The Public Dock) in Fort Lauderdale, Fla


Antwerp set to Build Bunker Station

Courtesy Port of Antwerp

  But now that the LNG Master Plan has come to an end the LNG story is not finished. Far from it: this was just the start, paving the way for promising new projects. Specifically, the port of Antwerp is getting ready to build an LNG bunker station for barges


Europe's 'LNG Masterplan'

Port of Rotterdam / Marjolein Boer

The European Union has facilitated this project between 2013 and 2015. The project cost a total of 34 million euros, 17 million of which were provided by the European Union from the TEN-T Program.   "We can say 'well done' to all parties involved


64% Gowth for LNG Bunkering Market

Photo: Ramboll Oil and Gas

 Detailed insights and analysis of the global market for LNG bunkering fuel have been included in a new market research report recently published by Transparency Market Research (TMR).   The report includes an analysis of market’s historical statistics to present an overview of


Russian Class for New FSRU

Russian Maritime Register of Shipping

A Floating Storage Regasification Unit (FSRU) will be built to the class of Russian Maritime Register of Shipping (RS). The agreement on classification of FSRU under construction has been signed between RS and Hyundai Heavy Industries, the Republic of Korea.   


First LNG Bunkering Operation for TOTE in Jacksonville

LNG Bunkering underway in the port of Jacksnonville, FL (image: TOTE Maritime)

TOTE Maritime Puerto Rico Successfully Performs First LNG Bunkering at Jacksonville Port. On Saturday, January 9, 2016, TOTE Maritime Puerto Rico successfully loaded LNG bunkers aboard the world’s first LNG powered containership, MV Isla Bella


Pakistan Seeks Another LNG Import Terminal

Government aims for second terminal startup by mid-2017. Pakistan has launched a tender for a second liquefied natural gas (LNG) import terminal, a government official said on Tuesday. The nation of 190 million people can only supply about two-thirds of its gas needs


Lithuania Puts Plans to Import LNG From US On Hold

Lithuania has put plans to buy liquefied natural gas from the United States on hold because the LNG is not yet suitable for the Baltic state's gas system, its state energy company said on Wednesday.   Lithuania's system was built to use Russian gas and state energy group Lietuvos Energija


Parker Bestobell to Supply Valves for Canadian Tankers

Photo courtesy of Parker Bestobell Marine

Parker Bestobell Marine has received its first order to supply its cryogenic fuel gas valves for new build tankers. The two 15,000-dwt ice-class 1A asphalt and bitumen tankers have been ordered by Groupe Desgagnés of Canada and will be built at Besiktas shipyard in Turkey.


Vessel Design: ‘LNG Ship of the Future’

The team has tested a scale model and discussed the design with shipyards. The final design is expected to save fuel and emissions by 3–5 percent compared with traditional designs. (Photo: BG Group)

Project to optimize LNG ship hull forms aims to reduce emissions and save significant amounts of fuel for LNG vessel operators.   On the shores of the Amazônia Azul – or Blue Amazon, the part of the Atlantic off the coast of Brazil – the LNG ship of the future is being


Chevron and ENN Sign Gorgon LNG Agreement

The Asia Vision is one of Chevrons new liquefied natural gas (LNG) carriers constructed to support the companys growing LNG operations. (Photo: Business Wire)

Agreement to supply 0.5 million metric tons annually for 10 years from the Gorgon Project   Chevron Corporation announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas


Chevron Mulls LNG Supplies to China

Image: Chevron Australia

 Energy giant Chevron has signed a preliminary agreement with China's ENN LNG Trading company to supply liquefied natural gas (LNG) from its $54 billion Gorgon LNG project in Western Australia.   Chevron plans to supply a unit of ENN Energy Holdings Ltd






 
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