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Lng Carriers On Order

ABB Wins Electrical Contract for Drillships, LNG Carriers

ABB wins $80 million order from Samsung Heavy Industries to supply electrical systems for 5 drillships & 2 LNG carriers ABB's order, worth $80 million from Samsung Heavy Industries, is to supply energy efficient drives, motors and electrical power systems for five drilling vessels and two liquefied natural gas (LNG) carriers to be built at Samsung’s shipyard in Korea. The vessels will be used to extract, process and transport oil and gas. Samsung is building five drill ships (three for Seadrill Ltd. in Norway, one for Pacific Drilling S.A in Brazil and one for Ensco Plc in the UK) and two LNG carrier vessels for Golar LNG Ltd in the UK. The vessels will be used for oil and gas exploration and the transportation of liquefied natural gas. ABB will deliver the complete electrical system for the seven vessels, including power generation and distribution equipment and systems, variable frequency drives and motors to power main propulsion systems and thrusters, as well as drives to power the topside drilling equipment. The project will be commissioned between 2014 and 2015.  

GasLog Raises $1.3B for Eight LNG Newbuilds

Photo:  GasLog Ltd

 Peter Livanos-backed Monaco-headquartered owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has completed a USD 1.3 billion credit facility with fourteen international banks to finance the construction of eight 174,000 cbm newbuilds.   New York-listed GasLog says 14 banks, plus two export credit agencies, have supported the facility. The Export Import Bank of Korea (KEXIM) and the Korea Trade Insurance Corporation (K-Sure) are either directly lending or

Two LNG Carriers Ordered for US Shale Gas Transport

Japanese shipbuilder Mitsubishi Heavy Industries, Ltd. (MHI) informs it has received orders for the construction of two next-generation liquefied natural gas (LNG) carriers that will primarily carry shale gas produced in North America.   The shipbuilding contracts, received through MI LNG Company, Limited, a joint venture between MHI and Imabari Shipbuilding Co., Ltd., will see the delivery of one LNG carrier each for two separate joint ventures which Chubu Electric Power Co., Inc

Altamira Pilots Train at MSI

Pilots from the port of Altamira, Mexico, attended special training at MarineSafety International's Newport Simulator Center from October 1 to 5, 2007. The training used a full mission bridge as an LNG carrier and a smaller simulator as a 55 tonne ASD tug. The exercises were interactive, with the pilot on the LNG carrier giving orders directly to the tug master. The goal of the training was to improve the shiphandling skills, communications skills and situational

ABS Provides Comprehensive Criteria For LNG Propulsion Systems

The surge in liquefied natural gas (LNG) carrier newbuildings and the accompanying development of a new generation of these specialized ships has generated interest in alternative propulsion systems to the traditional gas fired steam plant. These alternatives are addressed in the new ABS Guide for Propulsion Systems for LNG Carriers, the first such comprehensive set of standards to have been issued by a classification society.

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

BV Sees Growth

International classification society Bureau Veritas (BV) saw turnover grow strongly again last year, making it the only classification and certification society to top Euro1bn of business in 2001. Since 1995 Bureau Veritas has registered an average annual growth of 18 percent, during which time it has tripled its turnover. Turnover, at $929 million, was up 19 percent on 2000, against a background of contracting markets worldwide. Operating profits grew 23 percent to

Daewoo: $1 Billion In One Week Prompts Target Revise

Daewoo Shipbuilding has raised its 2001 order target to $3.7 billion from $2.5 billion, and said it was unlikely to accept orders in the second half because of its bulging order book, particularly for LNG carriers. "So far this year, we have received $2.6 billion in shipbuilding orders," said S.W. Lee, a Daewoo spokesman. "We also have order options worth $1.1 billion. "What is surprising is $1 billion worth of orders came in just last week," Lee said.

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.

GE Electric Propulsion Equipment for LNG Carriers

GE Power Conversion receives first order in Japan from Kawasaki Heavy for electric propulsion motor equipment for LNG vessels   GE’s Power Conversion business has received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers. The LNG carriers will be built for the purpose of transporting LNG from Louisiana, U.S.A. Their construction is scheduled to be completed from 2017 through 2018.  

Reliance Inaugurates New Ethane Carriers

A Type C Tank being installed on World’s first very large ethane carrier of Reliance

In a ceremony held in Geoje (South Korea), Indian's largest private sector company Reliance Industries Limited (Reliance) inaugurated its very first two VLEC (Very Large Ethane Carrier), in the presence of the shipyard Samsung Heavy Industries (SHI) and other key partners of the project

Screw Compressors for Dual-fuel LNG Carrier

File photo of LNG carrier Courtesy Kobe

Kobe Steel, Ltd. said it has received an order to supply the first two screw compressors for use with marine dual fuel engines. The compressors will be installed in an LNG carrier to be owned by a 50/50 joint venture between Mitsui O.S.K. Lines Co., Ltd

DSME Taps GTT to Equip Maran’s New LNG Carriers

GTT said it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two new LNG carriers scheduled for delivery in 2019.   The vessels will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company

GasLog Orders New LNG Carrier from SHI

Photo courtesy GasLog

 GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180,000 cubic meter LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries

Crowley Hits Milestones in Puerto Rico Investment

A view of the starboard side of  El Coquí under construction.  (Photo courtesy of Crowley)

Highlighting the economic impact under the Jones Act of its $500 million investment in the trade between the U.S. mainland and Puerto Rico, Crowley Maritime Corporation’s liner services group reached new milestones in its construction of two new

Nakilat Transitions LNG Fleet from Shell

(Photo: Nakilat)

Nakilat Shipping Qatar Limited (NSQL) signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL.  

LNG Sector Ready to meet Industry Demand

Peter Keller Photo SEALNG

Ahead of the 70th Session of the IMO’s Marine Environment Protection Committee (MEPC), the cross-industry coalition 'SEA\LNG' has highlighted the ability of the liquefied natural gas (LNG) sector to meet the future emissions requirements of the global shipping industry.

Teekay LNG May Issue Bonds to Fund Newbuilds

Photo:  Teekay Corporation

 Teekay LNG Partners intends to issue new five-year senior unsecured bonds in the Norwegian bond market.    Net proceeds from the bonds are expected to be used to fund newbuilding installments, as well as to refinance NOK bonds maturing in May 2017 and general partnership purposes

MOL to Launch Biannual Vessel Safety Campaign

Photo: Mitsui O.S.K. Lines, Ltd

 Mitsui O.S.K. Lines, Ltd. (MOL) has announced the launch of its biannual safety campaign to begin on October 15, targeting all MOL group-operated vessels.   MOL views safe operation as a social commitment and gives it the highest of priorities in all of its business activities

South Korean Yards Eyed for $3.8 Bln LNG Shipbuilding Deal

A little-known investment company said it intends to order up to 20 liquefied natural gas (LNG) carriers, probably from South Korean shipbuilders. The contracts would be worth as much as $3.8 billion, two people with direct knowledge of the matter told Reuters.  

LNG Newcomer Mulls $3.8 billion 20-Vessel Order

Image: CB&I

 According to Reuters CBI Energy and Chemical (CB&I), a little known investment firm, plans to order up to 20 LNG carriers, in a deal worth up to US$3.8 billion – a  huge prospect to South Korea’s beleaguered shipbuilding sector and a massive boost to the global LNG

World’s Largest LNG Bunker Supply Vessel Chartered

(Image: Bomin Linde LNG)

Liquefied natural gas (LNG) supplier Bomin Linde LNG said it has secured a capacity of 7,500 m3 LNG bunker supply vessel, the largest of its kind to date, via a time-charter contract signed with ship owner Bernhard Schulte on September 30, 2016.  

Construction Set to Start on Jacksonville LNG Facility

JAX LNG said it has executed the remaining engineering and procurement contracts required to begin construction of a new liquefied natural gas (LNG) liquefaction and storage facility at Dames Point near the Port of Jacksonville.   The JAX LNG liquefaction facility is expected to be

Matrix PDM Signs Licensing Deal with GTT

Photo: GTT

 GTT's Houston-based US subsidiary, GTT North America (GTT NA), has signed a license agreement with the American engineering company Matrix PDM Engineering.   The agreement was signed at the Matrix Service Company headquarters in Tulsa, OK

Singapore Continues to Harmonize LNG Bunkering Standards

MoU inked to further efforts to facilitate uptake of LNG for the future. Photo:  Maritime and Port Authority of Singapore

 To develop the world’s first set of harmonised LNG bunkering standards, a network comprising Antwerp, Rotterdam, Singapore and Zeebrugge, subsequently expanded to include Jacksonville and Norway, was formed.    Taking reference from documents by organisations such as the

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