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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


  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

Yangzijiang Secures Two VLGC Orders

Image by Yangzijiang Shipbuilding

 The Singapore-listed and China-based shipbuilder Yangzijiang Shipbuilding has secured new orders worth $730m, including two very large gas carriers, between September and October.   The  two 84,000 cbm very large gas carriers (VLGCs) were ordered by Shanghai Zhenrong Energy.

Naming Ceremony of LNG JUROJIN

LNG Carrier Courtesy MOL

  Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG JUROJIN, which is co-owned by MOL and Kansai Electric Power Co., Inc. at the Nagasaki Shipyard & Machinery Works of Mitsubishi Heavy Industries, Ltd.

Bestobell Secures High Pressure Valve Orders

Photo: Bestobell Marine

Bestobell Marine has secured two orders to supply its new range of high pressure globe and check valves to be used in high pressure fuel gas systems on board ships.   The valves will be used within the pump and vapouriser skids for six LNG carriers that are being built at DSME shipyard and

Parker Bestobell Marine Launches Compact Valve

Parker Bestobell Marine has launched a new compact version of its Float Isolation Valve (FLIV). The compact FLIV, which is 150mm in diameter and 600mm high, was developed to cater for the use of smaller diameter floats that are now being specified by shipyards for secondary level monitoring

GTT, Cryovision Install SloShield on GasLog Singapore

LNG carrier GasLog Singapore

  GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces that it has completed, with its partner Cryovision, the first installation of its innovative sloshing monitoring system, SloShield

GAC to Showcase Bespoke Services for Gas Carriers at Gastech

Courtesy GAC

  GAC is showcasing its full range of ship agency and related services for gas carriers at the Gastech, where GAC’s groundbreaking ‘HullWiper’ ROV system will also be on display. Launched in late 2013, the HullWiper Remotely Operated Vehicle (ROV) system offers an

Bestobell Secures Another Marine Order

Photo: Bestobell

Bestobell Marine has secured an order for its cryogenic globe and check valves for the second LNG carrier in the Yamal series of vessels being built at DSME shipyard in South Korea.   After winning the contract to supply cryogenic valves to the first vessel that will be owned and

Improved Efficiency from DFDE Propulsion - Study

Simulations indicate diesel electric propulsion can be a fuel efficient solution for LNG carriers under realistic operating conditions.   Power and automation technology group ABB has disclosed details of a study from DNV-GL R&D examining the potential for efficiency improvements of

Bureau Veritas/Russian Register to Class Yamal LNG Carriers

Image: DSME

Exporting LNG from Yamal in Russia’s high Arctic calls for a special type of LNG carrier never built before.    The new series of 15 Arctic-capable LNG carriers to be built in Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) shipyard

New Tool Helps LNG Carriers Save Fuel

Image: Eniram

Eniram Ltd., a provider of energy management technology and analytic services to the shipping industry, announced at Gastech the release of Eniram Engine, a new tool to help guide TFDE LNG carriers' engineers and officers efficient use of engines and fuel.   

ABS to Class Two More Kogas LNG Carriers

ABS Chairman, President and CEO Christopher J. Wiernicki

  ABS has been selected to class two Liquefied Natural Gas Carriers (LNGCs) for SK Shipping, featuring the KC-1 cargo containment system (CCS). The agreement brings to five the number of LNGCs to be built to joint ABS/KR class for Korea Gas Corporation (KOGAS)

LR Approves GTT Pressurized Membrane Systems

Lloyd’s Register specialists have issued GTT an Approval in Principle (AIP) for a membrane cargo containment system (CCS) for bunker ships to allow an increase in vapor pressure of up to 2barg.   The AIP follows a joint research and innovation program between GTT and LR investigating

World’s First MAN B&W ME-GI Enters Service

Retrofit milestone: ME-GI gas injection project for Nakilat’s Rasheeda   Nakilat, in association with Qatari LNG producers Qatargas and RasGas Company Limited and engine manufacturer MAN Diesel & Turbo, recently celebrated the success of the ME-GI project involving the retrofit of

GasLog Posts Good Results

Photo: GasLog Partners LP.

 GasLog Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers,  increased quarterly cash distribution by 10% to $0.478 per unit for the third quarter of 2015, equivalent to $1.912 per unit on an annual basis.  

GTT Debuts LNG Advisor

Courtesy GTT

  GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces the launch of a new offer with LNG Advisor. Designed for LNGCs, it is a new boil-off gas (BOG) monitoring system during LNG sea transport

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