Lng Carriers On Order
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.
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
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 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
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.
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
South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had won a combined $340 million order to build liquefied natural gas (LNG) carriers from Belgium and Norway. Daewoo Shipbuilding won orders to build a $170 million LNG ship each from Belgian shipping group CMB unit Exmar and Golar LNG of Norway, a company spokesman said. Daewoo's LNG orders totaled 10 ships worth $1.7 billion so far this year, he said.
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.
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
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.
Smit Lamnalco takes delivery of last Sanmar LNG proof tug of five-vessel series Towage and marine services provider Smit Lamnalco has taken delivery of the SL Wiggins Island, the fifth and final tug purpose-built at Sanmar Shipyard in Turkey
Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying. This would be the first LNG deal between the world's two biggest energy users
Liquefied Natural Gas Limited announced the placement of 40 million fully paid ordinary shares in the capital of LNGL, which has raised A$174 million before costs (Placement). Use of Proceeds The proceeds of the Placement will be used towards:
B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia's Petronas, for a liquefied natural gas development on the province's northwest coast. Hailed as “the largest capital investment in B.C
Hamburg-based Becker Marine Systems will present its 1,000th Becker Mewis Duct in Oslo at Nor-Shipping 2015. The use of all ducts previously delivered will have lowered CO2 by more than 1.4 million metric tons. The Becker Mewis Duct has not been a successful product for Becker Marine
Monaco-based liquefied natural gas carrier owner GasLog has reported a sharp increase in profits in 1Q15, saying the sector's medium- to long-term outlook remains encouraging. Group net profits jumped to $13.8 million in 1Q15 from $6
DNV GL Korea, the technical advisor to the oil and gas industry, has been awarded a technology qualification (TQ) contract with Korea Gas Corporation (KOGAS) for a FEED Package for a 5MTPA onshore LNG liquefaction plant based on the innovative KSMR liquefaction process.
Barzan, the first in a series of six 18,800 TEU container vessels ordered by UASC, was recently named at Hyundai Samho Heavy Industries (HSHI) in Mokpo, South Korea. The vessel is the first to receive classification society DNV GL’s new GAS READY notation
Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States. “Mitsui has newly contracted yesterday the eighth ship
Despite industry gloom about the offshore market, orders for production floaters continue to flow. Over the past few weeks a speculatively-ordered FLNG found use off Africa, negotiations began to convert a third LNG carrier to an FLNG, an FSRU was ordered and a modified LNG tanker has been
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers
Gas Authority of India Limited (Gail) and Indian Oil Corporation (IOC) signed a memorandum of understanding (MoU) to join Adani Group promoted Rs 5,000-crore ($805 mln) Dhamra LNG Port (DPCL) project on the Odisha coast. The MoU comes within weeks of GAIL dropping plans to set up a
Mitsui O.S.K. Lines, Ltd. today announced that the naming ceremony for a newbuilding LNG carrier for Osaka Gas Co., Ltd. was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. The vessel was ordered by MOL and Osaka Gas International Transport, Inc
With earnings, adjusted for amortization costs, profits came to 43 cents per share, Greece-based Dynagas LNG Partners LP (DLNG) exceeded Wall Street expectations. The company is looking into the opportunity of acquiring five LNG carriers currently owned by the parent company Dynagas
Indian prime minister Narendra Modi visited Korean shipbuilder Hyundai Heavy Industries (HHI), seeking increased partnership between the India’s shipbuilding industry and HHI. HHI is reportedly the only Korean company the prime minister visits during his two-day stay in the country