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

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

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.

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.

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

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 season in the region. Its tow vessel lost control of the massive platform during a harsh winter storm, resulting in the ship, carrying over 136,000 gallons of diesel fuel and 10