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Lng Carriers News

05 Mar 2024

MOL Signs Long-Term Charter with Tokyo Gas for LNG Carrier Newbuilding

Illustration (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker (TLT), a wholly-owned subsidiary of Tokyo Gas.This is the eighth contract, following a time charter contract for seven LNG carriers that were signed for TLT.The 174,000-cbm ship will be 294.9 meters long, with the bread of 46.4 meters.The vessel will be built at the Geoje Shipyard of Hanwha Ocean in South Korea, and is scheduled for delivery in 2026.It will be…

14 Feb 2024

Seatrium Renews Exclusive Deal with Gaslog and Shell for LGN Carrier Repairs

(Credit: Seatrium)

Singapore-based Seatrium has renewed its long-term favored customer contract (FCC) with GasLog LNG Services and Shell International Trading and Shipping Company (STASCO) to provide ship repairs, refurbishment and upgrading for their LNG carriers until 2029, with further renewal options.The contract marks a collaborative partnership between Seatrium and these two leading maritime companies with whom the Singaporean group has established a long history of collaboration.The contract involves the repairs…

07 Feb 2024

NYK and JERA Agree Long-Term Charter for New LNG Carrier

Illustration (Credit: NYK)

NYK and JERA have signed a long-term charter contract for a new liquefied natural gas (LNG) carrier to be built in South Korea by Hyundai Samho Heavy Industries.The vessel will be delivered in 2027 and will be used to transport LNG for JERA. The contract is expected to contribute to the stable supply of LNG in partnership with JERA and strengthen and promote NYK’s LNG business as a core business of the company.The vessel will be equipped with a next-generation X-DF2.2 iCER dual-fuel…

06 Feb 2024

DNV Confirms Energy Efficiency Gains for LNG Carries with DFE+ Propulsion

ABB dual-fuel electric propulsion system (Credit: ABB)

New Dual Fuel, Electric+ (DFE+) concept, developed by ABB and MAN Energy Solutions, has been recognized by DNV as a more energy efficient alternative to current conventional designs for liquefied natural gas (LNG) carriers.DNV has quantified the gains that owners of LNG carriers could expect to achieve using the new DFE+ solution and found that it could help LNG carriers boost energy efficiency by up to 7.5%, therefore enabling greater emissions reduction.The number takes into account the smaller machinery space requirements with ‘a conservative estimate’ of 5% greater cargo capacity…

25 Jan 2024

GTT Inks Technical Services Deal for JOVO-Operated LNG Carriers

© vladsv / Adobe Stock

French engineering company GTT has signed two new technical services agreements with China-based energy supplier JOVO for its LNG carriers.The contracts cover GTT's assistance and operational support for LNG carriers operated by JOVO.GTT will provide its field expertise for inspections, maintenance, repairs and engineering consultancy.JOVO will also benefit from access to GTT's HEARS emergency hotline, available 24/7, to provide rapid technical assistance to crews.These new partnerships follow a first services contract…

10 Jan 2024

GTT Secures Two New LNG Carriers Tank Design Orders

© vladsv / Adobe Stock

French engineering company GTT has received two orders for the tank design of two new liquefied natural gas carriers (LNGC).The first LNGC will be realized by the South Korean shipyard Hanwha Ocean. The vessel will have a total capacity of 174,000 m3, and will be fitted with the NO96 GW membrane containment system, a technology developed by GTT.The delivery of the vessel is scheduled for the third quarter of 2027, GTT said.The second LNGC will be built by the South Korean shipyard Samsung Heavy Industries.

09 Jan 2024

Nakilat Grows Fleet with Six New LNG and LPG Carriers

(Credit: Nakilat)

Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174,000 cubic meters each and four very large LPG/ammonia gas carriers, with a substantial cargo capacity of 88,000 cubic meters.The vessels are set to be delivered between 2026 and 2027, Nakilat said.Upon delivery, Nakilat's LNG fleet will expand to 71 vessels…

09 Jan 2024

NYK Orders Man Energy Engines for Four LNG Carriers

MAN B&W ME-GA engine (Credit: Man Energy Solutions)

Japanese shipping giant NYK has ordered eight ME-GA engines from Man Energy Solutions for four liquefied natural gas (LNG) carriers.The order is for eight 5G70ME-GA Mk. 10.5 engines related to the construction of four 174,000 cbm. LNG carriers by NYK.All eight engines will feature MAN Energy Solutions’ proprietary EGRBP (Exhaust Gas Recirculation ByPass) emissions-reduction technology.“We developed this engine for easy application to most contemporary LNG carrier designs and, indeed, all ME-GA orders to date have been exclusively for this segment.

25 Dec 2023

SHI Stops Making Blocks for Russian Shipyard's LNG Carriers

© ymgerman / Adobe Stock

Samsung Heavy Industries (SHI) said on Tuesday it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.Samsung has been delivering blocks and equipment for five of them to Zvezda, the Russian shipyard that is assembling the carriers, after receiving South Korean government approval.Samsung is nearing the end of making the blocks and equipment for the five ships, a Samsung spokesperson said on Tuesday.For the remaining 10 ships, Samsung has stopped making the blocks and equipment, but there has been no cancellation of the contract yet, the spokespe

22 Dec 2023

Capital Product Partners Move Forward with $3.1B Acquisition of 11 LNG Carriers

(Credit: Capital Gas)

New York-listed shipowner Capital Product Partners L.P. (CPLP) has closed the umbrella agreement from November 2023, moving forward with the $3.1 billion acquisition of 11 newbuild LNG carrier vessels.CPLP entered into umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, providing for the acquisition of 11 newbuild liquefied LNG carriers.Upon the closing of the umbrella agreement on Thursday, CPLP entered into 11 share purchase agreements to acquire 100% of the equity interests in each vessel-owning company.Each Vessel will have a capacity of 174…

28 Nov 2023

LNG Carrier Loses Power, Unable to Leave Terminal

Historical image courtesy of Bechtel, designer of the natural gas complex.

Shipments of LNG from Australia Pacific LNG have come to a halt after a loaded tanker docked at the site lost power, operator ConocoPhillips and co-owner Origin Energy said on Tuesday.So far two LNG cargoes have been delayed, and Origin warned "it expected that more LNG cargoes will be deferred", as the stricken vessel was blocking other tankers from entering the facility on Curtis Island off Australia's east coast.APLNG, which has a capacity of 9 million metric tons per annum (mtpa) of LNG…

08 Nov 2023

FOCUS-How Shipping More US Natural Gas to Europe Helped Fuel CO2 Pollution

Credit: alexlmx/AdobeStock

Carbon dioxide emissions from U.S. liquefied natural gas facilities have jumped to 18 million tons per year, up 81% since 2019, adding a volume of greenhouse gas to the atmosphere equivalent to that produced by several big coal plants, according to United States government data.They could more than double to 45 million tons per year by the end of the decade as new facilities, encouraged by soaring overseas demand for the super-cooled fuel, come online, according to company projections provided to the U.S.

06 Nov 2023

Finland Receives LNG Cargo, Books More for the Winter

Credit: Wojciech Wrzesień/AdobeStock

A tanker carrying liquefied natural gas (LNG) docked at Finland's Inkoo terminal on Sunday and has begun unloading, energy company Gasum said on Monday, the second cargo to arrive since the damage last month to a Finnish-Estonian pipeline.The Arctic Princess, carrying natural gas from the Arctic Hammerfest LNG plant, had been expected to arrive at Inkoo during the weekend, shipping data showed on Friday.The delivery amounted to about 400 gigawatt hours of energy, Gasum said."In addition to this delivery, Gasum has reserved three more slots at the Inkoo FSRU for the upcoming winter season.

20 Oct 2023

Elenger to Deliver U.S. LNG Cargo to Finland Amidst Balticconnector Pipeline Crisis

Elenger, part of Estonia's Eesti Gaas, said on Friday it will deliver a cargo of liquefied natural gas (LNG) from the United States to Finland's Inkoo terminal in the second half of November.It was also ready for additional deliveries during the winter season, Elenger added.Finland is reliant on LNG shipments this winter after a gas pipeline connecting it with Estonia ruptured on Oct. 8 and will be out of operation until April at least."Sufficient gas and tankers are available in America and Europe…

10 Oct 2023

MOL Establishes Indonesian Manning Company

From left: PT Humpuss Maritim Internasional Tbk. President Director Tirta Hidayat, MOL Managing Executive Officer Kazuya Hamazaki (Source: MOL)

Mitsui O.S.K. Lines (MOL) and PT MCS Internasional (MCSI) have established PT McMOL Crewing International, a new joint-venture LNG carrier manning company. MCSI is part of PT Humpuss Maritim Internasional Tbk. Group in Indonesia.The JV plans to begin operations in April 2024, and will primarily allocate seafarers for the MOL Group's fleet of LNG carriers.In operating vessels transporting LNG, it is essential to recruit, train, and retain top-quality seafarers who are qualified to handle LNG, says MOL.

06 Oct 2023

Hanwha Ocean's 270,000cbm LNG Carrier Earns DNV AiP

 Presentation of the AiP (from left): Jee Hoon Choi (Hanwha Ocean), Haeng Myung Seo (Hanwha Ocean), Seung Han Moon (CTO, Hanwha Ocean), Jong Seo Kim (COO, Hanwha Ocean), Vidar Dolonen (Regional Manager Korea & Japan Maritime, DNV), Andreas Kristoffersen (DNV), Chul Young Kang (DNV), Sun Ku Choi (DNV)
Credit: DNV

South Korea's Hanwha Ocean has received an Approval in Principle (AiP) for an innovative 270,000cbm LNG carrier, the design of which is said to maximize cargo capacity while optimizing vessel performance.The new 345-meter-long LNG carrier by Hanwha Ocean was heralded as a “ground-breaking achievement” by Vidar Dolonen, Regional Manager, Korea & Japan, DNV, when he presented the AiP to Jong Seo Kim, COO of Hanwha Ocean, at Hanwha Ocean’s office in Okpo.The LNG carrier, designed with a breadth (moulded) of 55m and five cargo tanks to minimize sloshing pressure…

04 Oct 2023

Russia's Sovcomflot Transfers Ships to New Management Firm to Boost Trade

Russia's leading tanker group Sovcomflot has transferred dozens of ships into a new Dubai based management company aiming to boost trade through this entity amid growing pressure from financial restrictions, according to maritime industry data and shipping industry sources.State-owned Sovcomflot (SCF) is subject to sanctions and other restrictions by the UK and the European Union, while Washington has restricted its financial activities. Sovcomflot - whose fleet in the region of 80 vessels including crude, oil products and liquefied natural gas tankers - has had to deal with these capital restrictions over the past year. It has also had to rebase its overseas operations from Cyprus to Dubai.Since July…

27 Sep 2023

QatarEnergy Orders 17 Ultra-Modern LNG Carriers for $3.9 Billion

Credit: QatarEnergy

Qatari oil and gas company QatarEnergy has ordered 17 "ultra-modern" LNG carriers from South Korea's HD Hyundai Heavy Industries (HHI).The deal, signed at a ceremony in Seoul, is valued at 14.2 billion Qatari Riyals (currently around $3,9 billion), and marks the start of the second phase of QatarEnergy's LNG ship acquisition program, which will support its expanding LNG production capacity from the North Field LNG expansion and Golden Pass LNG export projects as well as its long…

08 Sep 2023

ABS Grants AiP for World’s First Carbon Emission-free LNG Carrier Design

Photo Caption: ABS Vice President, Global Sustainability, Panos Koutsourakis (center), joins Sung Hyo Cho (left), Director and General Manager, Power Solutions Division, Hanwha Power Systems, and Hyoung Seong Kim (right), Head of Advanced Product Strategy Office, at Gastech 2023. Credit: ABS

Maritime classification society ABS has issued an approval in principle (AIP) to Hanwha Ocean for its design of a liquified natural gas (LNG) carrier equipped with an ammonia-fueled gas turbine.ABS also issued an AIP to Hanwha Power Systems for its supercritical carbon dioxide (sCO2) power system. Efficiency improvements are reported as a result of using sCO2 as a working fluid in the turbine.The 174,000 cbm vessel would be the world’s first carbon emission-free LNG carrier. The LNG carrier can use ammonia and natural gas separately or simultaneously as fuel.

05 Sep 2023

BV Issues AiP for World's Largest LNG Carrier

Matthieu de Tugny (left) and Song Wei, Chief Engineer at CSSC Hudong-Zhonghua Shipbuilding Group (right). (Photo credit: BV)

During Gastech 2023 in Singapore, Bureau Veritas (BV) formally issued its Approval in Principle (AiP) to the CSSC Hudong-Zhonghua Shipbuilding Group for a new LNG carrier design. With a capacity of 271,000cbm, it will be the largest LNG carrier to date, using the GTT NO 96 membrane containment system in its five cargo tanks.BV performed a preliminary design review and HAZID (hazard identification) analysis to help ensure the highest levels of safety, feasibility, and performance of this design in compliance with applicable classification Rules and Regulations.Matthieu de Tugny…

05 Sep 2023

World's Largest LNG Carrier Earns ABS Approval

Photo Caption: John McDonald, ABS President and COO, presents the AIP to Wei Song, Chief Engineer, HuDong-Zhonghua. Supporting McDonald and Song from left to right: Dr. Hai Gu, ABS Vice President, Innovation Research Center; Arnab Ghosh, ABS Vice President, Regional Business Development; Vassilios Kroustallis, ABS Senior Vice President, Global Business Development; Gang Du, Vice President, CSSC Group; Yong-Liang Wang, Director of Offshore Development, CSSC; Ai-Jun Wu, Deputy General Manager, CST

The American Bureau of Shipping (ABS) issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new  liquified natural gas (LNG) carrier design, currently the world’s largest with 271,000 cubic meters of cargo tank capacity.The design features flexible dual-fuel propulsion and an air lubrication system for more sustainable operations. The synergy of a more efficient hull and the use of low-carbon fuel in the fuel-efficient engine is expected to translate to the lowering of the overall carbon footprint of the vessel…

12 Jul 2023

Suez Canal Offers New Rebates for LNG Carriers

© Mariusz / Adobe Stock

The Suez Canal Authority has announced rebates for LNG carriers effective from July 1, 2023.Circular no. (7/2017) concerning LNG carriers (laden/ballast) has been amended as follows:LNG carriers (laden/ballast) operating between the American Gulf (and ports south) and areas in Asia will be granted rebates:a) Arabian Gulf ports (ports within the Arabian Gulf starting from Sur port, Oman) and eastern ports up to Cochin in India will be granted a rebate of 30% off normal Suez Canal…

28 Jun 2023

INEOS Ventures into LNG Carrier Market with MOL Charter Deal

Illustration only - Credit: moofushi/AdobeStock

Japan's Mitsui O.S.K. Lines,(MOL) has signed a long-term agreement with INEOS Energy Trading, a subsidiary of UK-based INEOS Group Ltd., for the charter of two newbuild LNG carriers. This marks INEOS' entry into the LNG carrier market, and INEOS will use the vessel for the import of LNG into Germany from the United States. "These agreements are a significant milestone for INEOS Energy Trading following the long-term Sales and Purchase Agreement signed with Sempra for 1.4 mtpa of supply out of Port Arthur and the purchase of long-term regasification capacity in Brunsbuttel…

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