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Lng Carriers

BV Launches LNG CAP

Bureau Veritas launched a unique Condition Assessment Program for LNG carriers. The CAP works in a similar way to existing Harmonized CAP programs for oil tankers, but has special requirements unique to LNG carriers. Speaking at the SIGTTO annual meeting in San Francisco today, Bruno Dabouis, commercial manager of BV said, "The LNG market is opening up and there are signs that a spot market for LNG carriers may further develop. That means charterers need to be able to demonstrate that they have taken special care when chartering in older vessels, a new phenomenon in the LNG market. Bureau Veritas, the only classification society present in all types of LNG containment systems and propulsion systems, and with a unique pedigree stemming right back to the very first LNG carriers, was well placed to support the current market changes with technical expertise. "BV has brought together its deep research and development into sloshing loads and structural detail, its experience with lifetime structural maintenance, its successful and fully accepted tanker CAP program and its experience with LNG carriers to develop a CAP for LNG vessels. It is fair to both owners and charterers, and has been accepted by Shell, BP and Total already." BV's experience with LNG carriers in service was also instrumental in it winning a tender to provide a life extension study, through its Tecnitas consulting arm


Lloyd’s Approves Hyundai LNG Carrier Training Facility

HMS Training Center.jpg

Hyundai Merchant Marine subsidiary has been granted Approved Training Provider status for their facilities and LNG carrier training courses to SIGTTO Training Standards. Lloyd's Register has awarded Approved Training Provider (ATP) Certification to Hae Young Maritime Services Co. Ltd. (HMS), a subsidiary of Hyundai Merchant Marine Co. Ltd (HMM), one of Korea’s largest shipping companies. The HMS Training Center at Busan


South Korean Yards Expected To Nab 75 Percent of LNG Orders

South Korean shipyards are expected to win about 75 percent of an estimated 48 orders for liquefied natural gas (LNG) carriers this year, industry officials said on Wednesday. "There are virtually no rivals to compete with Korean shipbuilders in making LNG carriers in terms of price and quality," said Yoo Jae-won, a spokesman for the Korea Shipbuilders' Association. Surging demand for environmentally friendly LNG was expected to raise the number of LNG carrier orders to around 48 this year


High Royalties to Cut Into Shipbuilding Profits

South Korean shipbuilders are paying large royalties on a core foreign technology for manufacturing liquefied natural gas (LNG) carriers, causing a big reduction in their earnings, The Korea Times reports. To build LNG carriers, most South Korean and foreign shipbuilders currently use a membrane containment system developed by Gaz Transport & Technigaz of France, a key technology for freezing and storing gas in tanks for transport.


ABS at Forefront of Technical Issues for LNG Carriers

With the liquefied natural gas (LNG) trade expected to significantly increase over the next decade, transporting LNG with carriers upwards of 33 percent larger than previous designs means particular attention must be addressed to key technical concerns to assure that the new generation of larger LNG carriers provides the same high degree of reliability as its predecessors. Operators are driving the demand for increased size of these specialized vessels to take advantage of the


Liquid Natural Gas Carrier Ordered by Oman Shipping Co

LNG carrier with 162,000 metres capacity ordered from Hyundai Heavy Industries by OSC The Oman Shipping Company (OSC) has  signed an order for a new build LNG carrier with Hyundai Heavy based in Ulsan, South Korea. The LNG carrier, for delivery in 2014, will have a 162,000 cubic metres capacity, and is to be fitted out with dual fuel engines. The new ship will comply with European ‘Green Certificate’ requirements


Qatar Orders LNG Carriers

Qatar Gas Transport Company (Nakilat) signed a contract with two South Korean shipbuilding giants to construct the world's largest liquified natural gas (LNG) carriers at a cost of $2.5b. The carriers will be the largest in the world in terms of capacity, the statement said. The signing of the deal coincided with the fifth annual Asia Cooperation Dialogue meeting taking place in Doha with the participation of Asian foreign ministers including South Korea's Ban Ki-Moon.


LNG Carrier and Largest Container Ship Delivered

April 3 marked another milestone in the rapid development of Chinese shipbuilding capacity as, at separate ceremonies, two of the nation’s shipbuilders delivered the first LNG carrier to be built in and the largest containership to emerge from a Chinese shipyard. Both of these historic first shipbuilding projects were completed to ABS class standards. Shanghai-based Hudong-Zhonghua Shipyard delivered the 147,000 m3 LNG carrier Dapeng Sun to China LNG Shipping (International) Ltd for


Teekay to Acquire Up to Two LNG Carriers

Teekay LNG Partners L.P. announced that it has agreed to acquire a 155,900 cubic meter (cbm) liquefied natural gas (LNG) carrier newbuilding from Awilco LNG ASA, a Norwegian-based owner and operator of LNG carriers. The vessel, which is currently under construction by Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) of South Korea, is expected to deliver in the third quarter of 2013, and subsequent to delivery from DSME to Awilco


MOL Ink Deal to Build, Charter 300m LNG Carrier

New LNG carrier rendering courtesy of MOL

Mitsui O.S.K. Lines (MOL) inform it has signed a Head of Agreement on joint ownership and 20-year charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd. At the same time, MOL signed a contract with Japan Marine United Corporation to build the new vessel. The ship is slated for completion in 2017. MOL will manage the new carrier, which will transport LNG mainly from the Cove Point LNG Project in the United States to Tokyo Gas facilities.


GAIL Tries Again for LNG Ships

Picture: GAIL (India) Limited

 India's state-owned Gail India Ltd would reissue the multi-billion dollar tender to build three massive liquefied natural gas (LNG) carriers in India with “changed norms”, reports Financial Express.   There has been news that GAIL has scrapped a tender that would have led


Rolls-Royce Gas Engines for FLNG Power Generation

Photo courtesy of Rolls-Royce

Rolls-Royce has secured a contract with Keppel Shipyard in Singapore to supply two all-gas engines for power generation on-board a Floating Liquefaction Vessel (FLNGV) owned by Golar LNG Ltd. The vessel Hilli was a former LNG carrier and is being converted to a FLNGV carrier.


Wärtsilä Debuts LNG Carrier Designs

The new series of LNG Carrier ship designs consists of four vessel designs.

  The unmatched track record and expertise that Wärtsilä has in LNG fuel solutions for the marine industry is again emphasised with the company's launching of a new series of LNG Carrier ship designs. This series of designs is the latest addition to Wärtsilä's ship design


Big Spending on Liquefaction Terminals

Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to the new ninth edition of Douglas-Westwood’s (DW) World LNG Market Forecast 2015-2019


Yangzijiang Diversifies into LNG Vessel Buildiing

Courtesy Yangzijiang Shipbuilding (Holdings) Limited

Yangzijiang Shipbuilding (Holdings) Limited “Yangzijiang” or “the Group”  one of PRC’s leading and most enterprising shipbuilder listed on the SGX Main Board, is pleased to announce that the Group has secured new shipbuilding orders from JHW Engineering &


Gail Scraps $7-billion LNG Ship Tender

Image: GAIL (India) Limited.

 Gail India Ltd has scrapped a tender that would have led to the construction of three massive liquefied natural gas (LNG) carriers at Indian shipyards.     After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any


Oil Prices Should Not Impact Dual-fuel LNG Carriers

Joe McGladdery (Photo courtesy: Wikborg Rein & Co, )

Joe McGladdery, a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the LNG charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and


Wikborg Rein & Co: Oil Prices Won't Impact Dual-Fuel LNG Carriers

   Joe McGladdery (Photo courtesy of Wikborg Rein & Co)

Joe McGladdery, a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the LNG charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and


Petronas, HHI Novation Agreement with MISC

LNG Ship Puteri Firus (Image by MISC Bhd )

 Malaysia’s MISC Bhd and parent Petroliam Nasional Bhd (Petronas) have agreed to build new liquefied natural gas (LNG) carriers worth US$1.1 billion and charter them to another unit owned by the national oil and gas company for up to 20 years.   


Asia: LPG Shipping and LNG Pricing

Image: Navigator Gas

 While declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall, LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution.  


GasLog Post 4Q 2014 Results

GasLog

  GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31, 2014. Highlights •         Agreement to acquire two


Eniram to Provide Boil-off Management for LNG Sector

Eniram Limited, the Finnish provider of energy management technology and data analytic services to the shipping industry, announced that it is releasing an onboard and onshore Boil-off Management Tool designed for LNG carriers.   Eniram’s Boil-off Management Tool enables


'K' Line to Shrink Container Fleet

Image: K Line

 Japan's third-biggest shipping company Kawasaki Kisen Kaisha ('K' Line) plans to beef up its LNG and bulker vessels over the next four years, while downsizing its container shipping fleet.   The group plans to reduce its fleet of container ships from 70 to 61; however


Bestobell Bags Hat Trick Order in China

Photo courtesy of Bestobell Marine

Bestobell Marine, part of the President Engineering Group, has received its third order in the past 12 months from Hudong Zhonghua shipyard in China. The deal involves the supply of 460 cryogenic miniature needle globe valves per ship for four Teekay/CNOOC/China Shipping Group LNG (liquefied


Japan Seeks Share of LNG Carrier Shipbuilding Market

LNG Carrier by Kawasaki Heavy Industries

 Japanese market players ramp up their design efforts for fuel-efficient engines to challenge Korean yards as demand for super-cooled fuel is set to soar, says a report in South China Morning Post.    A total of 50 to 60 LNG ships annually are forecast to be delivered globally in






 
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