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Gas Carrier

PRISCO Starts Construction of Gas Carrier

Construction of a gas carrier for MOL/K Line/PRISCO began at Mitsui Engineering and Shipbuilding in the city of Chiba, Japan. Currently underway is the assembly of the ship's hull and the manifold as well as the assembly of gas tanks having complicated technical structure. At the same time, underway are the tests of the gas carrier's different systems. Source: FIS


Agreement Promotes LNG Carrier Construction

Pictured (from left to right): Sergey Frank, CEO, OAO Sovcomflot; Dmitry Mironenkov, Vice President, JSC United Shipbuilding Corporation; Nikolai Grigoriev, Director of Global Shipping & Logistics, Gazprom Marketing & Trading and Mikhail Ayvazov, CEO, Russian Maritime Register of Shipping

On June 21, 2013 under the auspices of the St. Petersburg International Economic Forum a number of agreements were signed between Gazprom Marketing & Trading (GM&T), Russian Maritime Register of Shipping (RS), JSC United Shipbuilding Corporation and ОАО Sovcomflot (SCF) to promote Russian content in LNG carriers construction projects. To ensure LNG shipping by sea from the Gazprom Group projects Vladivostok LNG and Sakhalin-2


Korean Shipbuilders Gain Brunei LNG Carrier Order

Brunei Gas Carriers Sendirian Berhad, BGC, orders its fourth large LNG carrier from Hyundai Heavy Industries Brunei Gas Carriers Sendirian Berhad, BGC has entered into an agreement for the construction of a new LNG Vessel with Hyundai Heavy Industries Limited of the Republic of Korea and arranged financing with both local and international financial institutions. The Minister of Energy at the Prime Minister's Office in his speech said that the signing was important to the country as it


Daewoo Gets $1.22b Order to Build Gas Carriers

Daewoo Shipbuilding & Marine Engineering Co., said it has received a $1.22b order to build five liquefied-natural-gas carriers. The deal calls for Daewoo Shipbuilding to supply four of the five carriers for Qatar Gas Transport Co. Ltd., and one for an unidentified European company, the company said in a regulatory filing. Source: Yonhap


Gas Carrier Grounded by Tropical Storm

Coast Guard personnel deployed to San Pedro de Macoris, Dominican Republic to support Dominican Republic authorities during salvage operations of Liberian gas carrier SCF Tomsk which ran aground Monday. Dominican Republic authorities have established a Unified Command to coordinate salvage operations between local agencies and the marine industry responding to the incident. The Nodrog Shipping Corporation owned vessel has hired marine salvage company Titan to conduct salvage operations


SABIC Contracts Two New LNG-Powered Tankships

Saudi Basic Industries Corporation (SABIC) says it is the world's first chemical company to commission LNG-run gas carriers. SABIC's new tankships will be powered by liquefied natural gas (LNG) to transport its olefins products, in anticipation of a European Union directive to drastically reduce sulphur emissions from vessels operating in the North Sea by 2015. The two new gas carriers will be used to transport olefins from a major plant on Teesside, England


Grand Bahama Shipyard Completes LNG Training

Grand Bahama Shipyard has received Certification to verify that it recently successfully completeda "Liquid Natural Gas Carrier " training and familiarisation programme run by Det Norske Veritas. Aware of the special features of LNG Carriers and the specific requirements that they have during their dry-docking and repair programmes, the shipyard commissioned DNV to devise a customised course to address all the issues that arise with these Specialised Vessels.


Shell to Charter Sovcomflot Newbuilding LNG Carriers

Image courtesy of Sovcomflot

 Sovcomflot, signs an agreement to charter to Shell two ice-class  LNG carriers following their delivery The vessels have been ordered at STX Offshore & Shipbuilding (South Korea) and will be built with the participation of Russia's JSC United Shipbuilding Corporation (JSC “USC”). The first tanker is due to be commissioned in late 2014 and the second vessel in early 2015. The involvement in the project of Russian shipbuilders  at Novye Admiralteyskie verfi


BW Group's 1H Performance Better than Expected

Moody's Investors Service says that operating results of BW Group (Ba2 negative) in 1H 2012 were better than expected, largely because of the higher charter rates achieved by the company for its vessels. "We had expected BW Group's performance to weaken, as many of its vessels were coming off profitable time-charters in 1H and it was increasingly exposed to deteriorating spot-market rates. However, spot rates, especially in the gas carrier segments, either held up or improved


Korean Ship Exports to Exceed $22b

Reports said that exports of Korean ships are expected to exceed $22b this year on the back of more sales of high-value-added vessels including liquefied natural gas carriers. The Korean shipbuilders association says domestic shipyards are likely to export $10.7b worth of vessels in the second half in addition to the $11 billion in the first half of the year. The association believes the industry will see a trade surplus of $19 billion this year


G E Shipping Sells General Purpose Product Tanker

Great Eastern

The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell the 1991-built General Purpose Product Tanker Jag Prachi (28,610 dwt). The vessel will be delivered to buyers in September-October, 2014. The company’s current fleet stands at 30 vessels


Latest Ocean-Going Shipbuilding Orders

Welding: Photo courtesy GLG

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry bulk carriers A couple of orders to report in dry this week with Santoku Senpaku adding further Kamsarmax to their orderbook


Gazprom, Sovcomflot Expand LNG Transport Cooperation

Gazprom and Sovcomflot named the new state-of-the-art 170,000m³ liquefied natural gas carrier (LNGC) Pskov, after one of the oldest Russian cities. The ship will be chartered to Gazprom Global LNG (GGLNG) under a long-term contract. The LNGC Pskov is the second vessel in a series of


Pskov Gas Carrier Construction Nears Completion

Photo courtesy of RS

On August 25, 2014, the naming ceremony for the Pskov high-tech liquefied natural gas (LNG) carrier was held at the South Korean shipyard STX Offshore & Shipbuilding. The ceremony was attended by Aleksander Medvedev, Deputy Chairman of the Gazprom Management Committee, Evgeniy Ambrosov


LNG Carriers GasLog Financial Results Q2 2014

Image courtesy of GasLog

GasLog Ltd. and its subsidiaries, an international owner, operator and manager of liquefied natural gas carriers, has reported its financial results for the quarter ended June 30, 2014, excerpted as follows: Highlights Completion of the initial public offering (“IPO”) of


Hoegh LNG Partners Prices IPO

  Höegh LNG Partners LP  a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd., announced today the pricing of its initial public offering of 9,600,000 common units representing limited partner interests in the Partnership at $20.00 per unit


Navigator Enters Long Term Ethane Transport Charter

Photo: S. Nizhebetskyy

Navigator Holdings Ltd. announced today that it has signed a long term shipping agreement for one of its 35,000 cubic meter ethylene/ethane capable semi-refrigerated liquefied gas carriers, currently being built at Jiangnan Shipyard, China.


Recent Vessel Sales: July 2014

Vessel sales for June 2014 (as of July 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built (Age) – Price in Millions USD Bulk Carriers 7/28/14 - STHENO - 6,238 - 81(33) - $.4 7/28/14 - GAN SHUN - 6,844 - 99(15) - $1.1


Höegh LNG Partners Launch IPO

  Höegh LNG Partners LP ("Partnership"), a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd. ("Company"), announced today that it has commenced an initial public offering of 9,600,000 common units representing limited partner interests in


Dorian LPG MoU with HNA Logistics

Dorian LPG  Strategic Relationship with HNA Logistics

  Dorian LPG Ltd. a leading owner and manager of modern VLGC's (very large gas carriers), today announced that it has entered into a Memorandum of Understanding ("MOU"), with HNA Logistics Group Co., Ltd.  to explore opportunities in the liquefied petroleum gas logistics market


GTT Wins DSME Order for 9 More Icebreaking LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced the order of nine Liquefied Natural Gas Carriers (LNGCs) which will be built by the Korean shipbuilder Daewoo Shipbuilding &


Wilhelmsen Secures Inert Gas System Orders

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen Technical Solutions (WTS) has secured multiple orders to supply its Maritime Protection Dry Inert Gas Generator (DIGG) systems for


Good Profitability Noted in Wärtsilä H1 Interim Report

Wärtsilä 46DF Engine: Image courtesy of the manufacturers

Power solutions providers for the marine and energy markets, Wärtsilä, has released a summary of its Interim Financial Report January-June 2014, excerpted as follows: Highlights of the Review Period January-June 2014 Order intake decreased 5% to EUR 2,305 million (2


RS Develops Engineering Capacity, Implements AIP Service

Russian Maritime Register of Shipping (RS) has implemented the Approval in Principle (AIP) service as part of a project to enhance the rules for the technical supervision during construction of ships and manufacture of materials and products for ships.


Recent Vessel Sales: June 2014

Vessel sales for June 2014 (as of July 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built (Age) – Price in Millions USD Bulk Carriers 6/26 - TAN BINH 36 - 22,257 - 90 (24) - $3.7






 
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