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Gas Ship

Daewoo Wins $515M Contract

Daewoo Shipbuilding and Marine Engineering reportedly has won a $515.8 million order from Teekay Shipping of Canada to build three LNG (liquefied natural gas) ships, with delivery due in April 2007.


Gas Ships: A Multi-Billion Opportunity

A number of factors, including instability in world oil markets at times, the return of bitter cold winters to the energy-hungry U.S. Northeast, and advances in the collection, transportation and cost-effective delivery of (primarily LNG) gas, have conspired to make this the decade of gas, and hence the decade of gas ships. According to the latest statistics from Lloyd's Register, up to 50 ships over the next 10 years will be required for delivery


Petronet LNG to Float Subsidiary

Natural gas importer Petronet LNG Ltd (PLL) plans to float a shipping subsidiary overseas to haul gas to its greenfield re-gassification terminal of 2.5 million tonnes per annum capacity proposed at Kochi in Kerala. The diversification plan has been unveiled in the tender conditions stipulated by Petronet for selecting ship owners and operators for transporting LNG to the Kochi terminal. This is a departure from the first two shipping tenders finalized by Petronet for hauling gas from RasGas


Marlink Signs Multiple Broadband Maritime Agreements

Marlink said that its office in Dubai, United Arab Emirates, initiated the sales of 10 maritime broadband communications systems during the first half of 2006. Marlink Dubai’s most recent agreement is a three-year pact with CCC Underwater for a broadband very small aperture terminal (VSAT) system aboard the CCC Pioneer. The vessel is designed for offshore construction including pipe and cable laying and will be operating in waters throughout the Middle East and off the coast of India


Hyundai Heavy Plans to Deliver More Ships in 2008

According to reports, Hyundai Heavy Industries Co., plans to deliver 25 percent more vessels this year as it increases production to work through almost four years worth of orders. The company delivered 11 vessels to carry consumer goods and fuel in January, the most in a month in the industry, the Ulsan, South Korea-based company said in an e-mailed statement today. The ships were all delivered as much as two-and-a-half months earlier than scheduled, it said.


Gas Ship Expertise Expands Houlder’s Offering

Ian Meaden, Des Upcraft and Lijo Thomas

Marine design and engineering company Houlder announced the formation of an LNG project team in its London headquarters. Ian Meaden, Des Upcraft and Lijo Thomas joined the team this month to work exclusively on developing LNG projects in response to market requirements.  The company said its new talent investment means it can build on its current LNG equipment projects to help with all aspects of marine design


MEBA & Armada Companies Form Offshore Terminal Lightering Partnership

The Marine Engineers' Beneficial Association (M.E.B.A.) has signed an agreement with Armada Companies, LLC to provide Person-In-Charge (PIC) marine officers for liquefied natural gas (LNG) deepwater ports and other terminals worldwide. Armada has a contract with Skaugen Petro Trans (SPT) Offshore, LLC to provide U.S.-citizen merchant officers supplied by M.E.B.A. to serve as PICs at terminals including the liquefied natural gas deepwater port in the


BP Takes Delivery of LNG Carrier

BP Shipping took delivery of the British Emerald, the world’s largest liquefied natural gas carrier (LNGC), the first in a series of dual-fuel diesel-electric gas ships. Built by Hyundai Heavy Industries in Ulsan, Korea, at 155,000 cubic meters,and is said to be the largest LNGC to date. The design and construction of this technologically advanced vessel is more fuel efficient than comparable LNG carriers, which will result in reduced fuel costs and greenhouse gas emissions


MISC Orders LNG Carriers

Malaysian International Shipping Corp. is fortifying its position in the fast growing market for the carriage of Liquefied Natural Gas (LNG), today reportedly converting an option for two liquefied natural gas ships into firm orders, bringing total oustanding orders to six. MISC is already one of the world's largest LNG tanker operators, and it also also plans to buy four 6,800-TEU, post-Panamax containerships for delivery in 2002-2003.


Court Rules NGM Cannot Deny Validity of Montanari Gas Ship Charters

The English and Isle of Man courts granted injunctions against Navigator Gas Management (NGM) and Vela Energy Holdings Ltd in a dispute over the proposed long-term chartering of five gas tankers in the Navigator Gas Transport (NGT) fleet managed by NGM. The English injunction forbids NGM from taking any action which amounts to a denial of the existence of the Montanari charters and from suggesting to any third parties that the charters are ineffective


Another Mammoth Gas Ship Ordered for MHI

140325-No5514-HP_2.jpg

The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage. Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier


Oil Tanker Fired Upon in Strait of Hormuz

IMB says unidentified assailants in a speedboat fired at a crude oil tanker in Strait of Hormuz on Sunday. The crew of the unidentified oil tanker reported being shot at twice from close range from a speedboat carrying six people with machine guns on Sunday morning


Investors Snap Up Shipping Loans, Reflecting Growing Confidence

Calculator credit Dominic Alves CCL

Global private equity firm KKR has bought $150 million worth of shipping loans from two European banks amid a surge of interest in the industry as world trade in goods picks up along with the global economy. There have been a flurry of deals in recent months for ship finance loans


GasAtacama has US LNG Providers Lined Up

Photo: GasAtacama

GasAtacama, energy provider to metal producers in Chile's Atacama desert, has lined up eight potential U.S. natural gas suppliers for a proposed import terminal on its Pacific Coast, but uncertainty about energy demand has delayed deals, CEO Rudolf Araneda told Reuters on Thursday.


Shell's 'Kulluk' Rig Accident: WWF Canada Urge Better Planning

Kulluck Aground: Photo credit USCG

A close call for the 'Kulluk': better planning needed before more oil and gas traffic in Arctic waters comments WWF Canada. The Kulluk, a conical, Arctic-class drill ship, was being towed from the Beaufort Sea in Alaskan Arctic waters back to Seattle following Shell’s first drilling


Sustainable Ocean Summit 2013

Photo: World Ocean Council

The Sustainable Ocean Summit 2013 (SOS 2013), organized by the World Ocean Council (WOC), is an international ocean business community gathering dedicated to industry leadership and collaboration in developing solutions to ocean sustainability challenges. Washington D.C. - April 22-24, 2013


Puerto Rico Towing Assists 'Run Out of Gas' Ship

Disabled Greek Ship on Tow: Photo credit Puerto Rico Towing

Tugs 'Triton' and 'Honcho' of the Puerto Rico Towing & Barge Co. recently assisted a drifting vessel off the coast of Puerto Rico. The cargo ship Global Destiny, owned and operated by Diavlos Maritime based in Athen, Greece, called for assistance the morning of Saturday, March 16


New LNG Bunker Fuel Technical & Safety NGO Formed

The Society For Gas as a Marine Fuel (SGMF) is launched as new Non-Governmental Organisation to enhance safety and best practices in the use of LNG as a ship fuel. Following a decision to proceed by the Board of Directors of the Society of International Gas Tanker and Terminal Operators (SIGTTO)


Two New Ice-class LNG Carriers for Dynagas

Arctic Aurora

Dynagas, the liquefied natural gas (LNG) shipping arm of the George Prokopiou shipping enterprises, has taken delivery of Arctic Aurora, the second of two ice-class membrane LNG tankers, during a ceremony at Hyundai Heavy Industry (HHI) Ulsan shipyard, Korea


Faststream Announces Director Promotion

Jason Tay

Recruitment company Faststream has announced the appointment of a new director. Jason Tay has been promoted to director level in the Group’s Singapore base in recognition of his progression and contribution to the business, the company said.


Unique System Delivers Performance Monitoring to ADNATCO-NGSCO

MT Abu Dhabi III - Afra-max tanker on her median voyage

Unique System FZE, a Unique Maritime Group company and an integrated turnkey subsea and offshore solution providers, was contracted by ADNATCO-NGSCO to deliver ship performance monitoring solutions that will help to optimize vessel performance and subsequently aim to reduce fuel consumption and


GE to Propel Maran LNG Carriers

Courtesy Maran Gas

Induction-based electric propulsion motor technology from GE’s Power Conversion business will be used to power four new LNG carriers that Korean shipbuilder Hyundai Heavy Industries will build for Maran Gas Maritime, the gas shipping unit of the Angelicoussis Shipping Group


Olivier Named UK Club Chairman

Alan Olivier, the new Chairman and President of the UK P&I Club

Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board. Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited


Panama Canal Expansion to Transform the Gas Carrier Game

LNG carrier photo CCL

Nearly 90% of the LNG fleet will be able to transit the expanded Panam canal after it comes on line towards the end of 2015, compared to just 7% today, according to Poten's recent monthly report 'LNG in World Markets'. Although the timing fits perfectly with the liquefaction projects under


Viking Refits Four NGSCO Vessels with LRRS Systems

Anders Noergaard Lauridsen

The National Gas Shipping Company (NGSCO) of Abu Dhabi said new Lifeboat Release and Retrieval Systems (LRRS) are being installed in advance of new IMO regulations coming into force this year. The combination of the innovative Nadiro Drop-in-Ball  technology and Viking UAE’s


 
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