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Lng Carrier

Hyundai Heavy Wins Orders Worth $1.1 Billion

177,000 cbm LNG Carrier Abdelkader.

Hyundai Heavy Industries, the world’s biggest shipbuilder, today announced the Company had won orders for 4 liquefied natural gas carriers and 1 LNG floating storage regasification unit worth USD 1.1 billion.   Hyundai Heavy won orders to build two 162,000 cbm LNG carriers for Golar LNG of Norway on February 10 and two same-class ships for an unnamed European shipowner on February 8. The contract with Golar LNG includes an option exercisable by the Norwegian company for two additional same-class LNG carriers. LNG carriers for Golar LNG will be built by Hyundai Samho Heavy Industries, a Hyundai Heavy affiliate. These membrane-type LNG carriers, scheduled to be delivered between the second quarter of 2014 and the first half of 2015, will feature the Dual Fuel Diesel Engine System (DFDE) which allows the ships to run on oil fuel or natural gas.   In addition, Hyundai Heavy won an order to build a third LNG Floating Storage Regasification Unit (FSRU) for Hoegh on February 13. The contract for the LNG FSRU is an option exercised by Hoegh from the original contract signed in June 2011. The 170,000 cbm LNG FSRU is scheduled to be delivered by the second quarter of 2014.   LNG FSRU receive liquefied natural gas from offloading LNG carriers. The installed regasification system provides gas send-out through flexible risers and pipelines to shore. LNG FSRU take a year less and cost half as much as an onshore LNG terminal to complete


Dynagas, GasLog, Golar LNG Team up to Operate LNG Carrier Pool

gaslog-Santiago

  Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd today jointly announced having entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market. The LNG Carrier Pool allows the participating owners to optimise the operation of the pool vessels through improved scheduling ability, cost efficiencies and common marketing. The objective of the LNG Carrier Pool is to serve the transportation requirements of a rapidly growing


Dual-Fuel Propulsion System for LNG Carrier

Hyundai Heavy Industries Co., Ltd. (HHI) has developed the first Korean Dual-Fuel Diesel-Electric (DFDE) propulsion system for LNG carriers. The DFDE propulsion system uses either oil or gas, depending on the situation. It uses an electric motor like large cruise ships and submarines, not a steam turbine, which is the traditional propulsion system for LNG carriers. The DFDE propulsion system improves fuel efficiency, reacts quickly, and provides a smooth voyage.


Qatar Drydock has 7 LNG Carriers Under Repair

In Qatar, Nakilat-Keppel Offshore & Marine (N-KOM) shipyard has 7 ocean-going LNG carriers in its drydock for  repairs, overhauls As part of the Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has successfully completed marine, offshore and onshore projects for both local and international clients, with LNG repairs making up almost half of these projects reports LNG World News. The seven LNG carriers (Al Jasra, Al Bidda, Al Wajbah, Dukhan, Al Gharrafa


GasLog to List on NY Bourse

Image courtesy of GasLog

LNG carrier owners and operators, GasLog Partners LP, inform it has priced its initial public offering of 8,400,000 common units representing limited partner interests at $21.00 per common unit. The common units will begin trading on the New York Stock Exchange on May 7, 2014 under the ticker symbol “GLOP”. The offering is expected to close on May 12, 2014. The underwriters have a 30-day option to purchase up to 1,260


Teekay, BP Enter Deal for Newbuild LNG Tankers

Teekay LNG signs charter contracts with BP for up to two LNG carrier newbuilds   Teekay LNG Partners L.P. announced that it has entered into a 13-year time-charter contract with BP Shipping Limited (BP) for one liquefied natural gas (LNG) carrier newbuilding, plus an option exercisable by BP by the end of the third quarter of 2015 for one additional LNG carrier under similar terms.   The vessels, including the optional vessel if exercised


Ulstein Brattvaag Awarded Supply Of Deck Machinery

Ulstein Brattvaag has landed contracts totaling $2 million by two of Japan's largest shipbuilders for the supply of deck machinery for a pair of LNG carriers. The agreement also allows for options for corresponding equipment for two more LNG tankers, thus allowing the contract to double in value. Construction of the series of 135,000 cu. m. LNG carriers for the Malaysian State company Petronas tankers has been placed with two Japanese shipyards: Mitsubishi Heavy Industries and Mitsui


LNG Carrier to Enter Service in China by End of Year

According to reports, China LNG Shipping (Holdings) Ltd plans to put the first liquefied natural gas (LNG) carrier built in China into operation by the end of this year, serving Guangdong Dapeng LNG Co, an official of China LNG said. A company official said China LNG would also build carriers for CNOOC Ltd's LNG terminals in the eastern province of Fujian and in Shanghai, which are expected to be operational in 2009


Tri-fuel LNG Carrier Delivered to GasLog

GasLog Ltd. announced the delivery of a new LNG carrier GasLog Santiago, from Samsung Heavy Industries. Immediately on delivery, which was on budget and ahead of schedule, she commenced a medium-term charter to Methane Services Ltd. (BG Group). The vessel is a 155,000 cubic meter tri-fuel Diesel Electric LNG carrier that sets new standards for efficient performance and environmental protection. The vessel is classified to the ABS ENVIRO+ notation


Sovcomflot Names New LNG Carrier

SCF Melampus (Photo: Sovcomflot)

Russia’s largest shipping company is continuing to develop its potential in the LNG transportation segment by entering into a new long-term agreement with Royal Dutch Shell.   On December 16, a naming ceremony was held for the LNG carrier SCF Melampus, the third tanker in a series of state-of-the-art vessels to be built under a partnership agreement between Sovcomflot and the shipyard STX Offshore & Shipbuilding


Evergas Acquires 4th multigas LNG vessel

Courtesy Evergas

Evergas’ latest addition to its fleet, the 4 th ‘dragon class’ 27.500 cbm multigas LNG carrier in a series of eight was successfully named today the 28th of January, at a ceremony at the Sinopacific Offshore & Engineering (SOE) shipyard in Qidong, China.


Hess sells Shannon LNG Terminal

Ireland is the only country in NW Europe without an LNG terminal. Map:  ShannonLNG

 New York-based energy company Hess has sold Shannon LNG, a proposed gas-import terminal in County Kerry, Ireland’s Sunday Independent has reported.   The newspaper did not name the buyer for the site. The identity of the new owner of the proposed liquefied natural gas terminal


Parker Bestobell to Supply Valves for FSRU Newbuilds

Image: Parker Bestobell

Parker Bestobell Marine has recently completed a contract to supply cryogenic Globe and Check valves made in Sheffield, for Hoegh LNG’s series of five FSRUs (Floating Storage Regasification Units) that are being built at Hyundai shipyard (HHI) in South Korea.   


Wärtsilä Supporting Japan's 'Gas Age' Shipping

A six-cylinder in-line version of the Wärtsilä 50DF dual-fuel engine. (Image: Wärtsilä)

A total of 16 new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä dual-fuel engines capable of running on liquefied natural gas (LNG) or conventional diesel fuels.    Wärtsilä's said its experience and technological


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.


Sinotrans Pacts for Five Yamal LNG Tankers

Pic: Sinotrans Shipping

 Chinese shipping major Sinotrans has signed with Greek shipowner Dynagas and China LNG Shipping (CLNG) for the joint purchase of five Arctic-class LNG carriers from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).  


No Financial Aid for STX Shipbuilding, Say Creditors

Photo by STX Offshore & Shipbuilding Co

 Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported.   Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)


N-KOM, Angelicoussis Extend Cooperation

Courtesy N-KOM

  Nakilat - Keppel Offshore & Marine (N-KOM), the joint-venture shipyard between Qatar’s Nakilat and Keppel Offshore & Marine, has signed a landmark agreement with the Angelicoussis Group of Companies to be the preferred shipyard for ship repairs in the Middle East


“K” Line Group to Implement “K” Line Wind program

Photo: Kawasaki Kisen Kaisha

 “K” Line Group (Kawasaki Kisen Kaisha)  taking steps to improve our corporate culture and climate through the “K”-no-Kaze” (“K” Line Wind) program.  Additionally, it is prepared a long-term policy for environmental conservation—called


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.   


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.


Daewoo's World's First Icebreaking LNG Carrier for Russia Launched

Photo: Yamal LNG

 Daewoo Shipbuilding and Marine Engineering (DSME) launched on Friday the world’s first icebreaking liquefied natural gas (LNG) carrier at its Okpo shipyard in Geoje, South Gyeongsang.   It was the first ship to be launched for Russia’s Yamal project and part of a 15-ship


First Certified Sustainable Shipping Loan

Issuer Anthony Veder Group, sole arranger ABN AMRO and sole investor Delta Lloyd Asset Management announcd today that the Anthony Veder €66 million euro private placement concluded in the fourth quarter of 2015 has been confirmed as the first sustainable shipping loan


Hoegh LNG Declares Higher Dividend

Photo:  Höegh LNG Partners LP

 Höegh LNG Partners LP announced  that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended December 31, 2015 of $0.4125 per unit.    This represents an increase of $0


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






 
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