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Lng Deal

Iran signs $16b LNG deal with Malaysia

Iran and Malaysia's SKS have signed a $16b preliminary deal to develop Iran's southern Golshan and Ferdos gas fields and build plants to produce liquefied natural gas (LNG), according to reports. Source: Reuters


SembCorp Signs Long Term LNG Deal

Singapore’s SembCorp Marine Ltd has announced a long-term contract from Australia’s North West Shelf venture (NWS) to provide dry-docking, refit, and other marine services, for their fleet of LNG ships. This breakthrough contract signifies the first time that a major LNG consortium has committed itself to a long-term maintenance and refit contract in the region. At a time when Singapore is preparing itself to be a major hub and player in the LNG sector


Exmar to Use Iranian Carriers to Ship LNG

Reuters has reported that Iranian shipbuilder SADRA said it would build 10 ships for Belgium's Exmar to export Iranian liquefied natural gas (LNG) although Iran's efforts to produce the fuel are deadlocked. The total value of the 10 high-technology vessels would be $2.4b, Iran's Industry Minister Alireza Tahmasbi told state television. He told the ISNA students news agency that SADRA might sign a another deal for four more ships.


Korean Firms Win Qatar LNG Carrier Contracts

The Samsung Heavy Industries Co., has won a $1.14b deal to build four liquefied natural gas (LNG) carriers. The deal from Qatar Gas Transport Co. Ltd. calls for Samsung Heavy to build the four carriers worth $286 million each by February 2010, the company said in a regulatory filing. Meanwhile, the Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipyard, said Monday it had received a $1.22 billion order to build five LNG carriers.


BG Secures U.S. LNG Rights

Britain's BG Plc secured rights to deliver liquefied natural gas (LNG) through one of only two functioning import terminals serving booming U.S. energy markets. The UK gas producer will have use of 80 percent of capacity at CMS Energy's Lake Charles, La., facility from January 2002. It will have use of total capacity from September 2005 after a contract ends with an existing customer. Financial terms were not disclosed


LNG Ministerial Summit Scores Positive Remarks

International LNG Alliance (ILNGA) Executive Director, David Sweet congratulated Secretary of Energy Spencer Abraham on successfully bringing together global leaders from government and industry for the LNG Ministerial Summit. "This historic event will be the catalyst for numerous deals and initiatives that will bring additional supplies of LNG to the United States. The dialogue at the Summit confirms that LNG can play a significant role in meeting U.S


Bulk Market Pauses

Dry bulk rates may have eased back significantly in recent weeks but there is still plenty of positive sentiment on the future market. Many shipbrokers are describing today’s rather softer market as a correction to what had become a seriously overheated sector, with the cost of freight becoming itself a damaging factor in the world’s dry bulk trades. The pause in the market has led to a slackening in the pace of new contracting that, brokers say, may be no bad thing


Shell to Manage Nakilat’s LNG Fleet

Qatar Gas Transport Company Ltd (Nakilat) has appointed Shell International Trading and Shipping Company Limited (Shell) to manage its fleet of at least 27 new LNG carriers in a 25-year deal. Under this arrangement it is expected that Operational Management will be transferred to Nakilat within 12 years. The agreement will involve Shell providing a range of shipping services to Nakilat including ship management as well as the transfer of know how and expertise to allow Nakilat to


Shell Acquires Repsol LNG Portfolio

shell.gif

Royal Dutch Shell plc has announced the completion of the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 billion. As part of the transaction, Shell will also assume $1.6 billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell's LNG marketing business.


ABS Announces Guidance Notes At OTC 2002

Responding to industry demand for offshore liquefied natural gas (LNG) terminals, ABS launches its "Guidance Notes for Building and Classing Offshore LNG Terminals" at this year's annual Offshore Technology Conference. The Guidance Notes provide industry with a comprehensive document outlining ABS procedures for LNG classification and cross-references ABS and other relevant industry documents for building LNG terminals.


China Orders More MAN Dual-Fuel Units

Photo: MAN Diesel & Turbo

51/60DF engines to power LNGCs MAN Diesel & Turbo has announced a further order for its MAN 51/60DF engine. After a longer period of evaluation, an international consortium, including Teekay LNG Partners, has selected a Dual-Fuel Diesel Electric (DFDE) propulsion solution featuring


Deal to End Lockout at Canada Uranium Mine

Workers are expected to begin returning to the McArthur River

  Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill, have agreed to a tentative deal ending a nearly two-week lockout, both sides said on Friday.


Britain Loses Europe's Gas Trading Crown to the Dutch

Photo: Gasunie

Britain has been topped by the Netherlands as Europe's leading natural gas trading hub this summer, ending decades of British dominance in the sector. Britain has reigned as Europe's busiest gas trading centre since discoveries of North Sea oil and gas in the 1970s made it Europe's main producer


Growing American Shipping Act Gaining Support

Legislation promotes revitalization of maritime industry through export of liquefied natural gas on U.S. flagged ships Chairman Duncan Hunter (R-Calif.) and Ranking Member John Garamendi (D-Calif.) held a hearing Wednesday that brought together the House Committee on Transportation and


Shippers Must Reduce Costs, Boost Efficiency

Michael Wilson

So what’s keeping ship operators awake at night these days?  Plenty, it seems. Sluggish recovery from a lingering worldwide recession, unsustainable debt loads, endemic overcapacity in most shipping trades, punishing freight rates


Bulk Carriers to Adopt Wärtsilä Dual-Fuel Engine Technology

 A new cement carrier for JT Cement will feature a 6-cylinder Wärtsilä 34DF main engine, making it the first bulk carrier to adopt Wärtsiläs multi fuel capability.

The increasing use of LNG as a marine fuel is further emphasized with the latest order for Wärtsilä's dual-fuel engine technology. A new cement carrier being built at the Scheepswerf Ferus Smit yard in the Netherlands will feature a six-cylinder Wärtsilä 34DF main engine


DNV GL Presents AIP for ‘LNG Ready’ Mega Box Ships

From right to left: Tor Svensen, CEO of DNV GL Maritime, presents the Approval in Principle for the first “LNG Ready” mega box ships to Oi Hyun Kim, CEO and COO of HHI’s Shipbuilding Division, and Waleed Al Dawood, COO of United Arab Shipping Company, in the presence of His Excellency Sheikh Ali Bin Jassim Al Thani, UASC Board Member.

Wednesday at the SMM trade fair in Hamburg, DNV GL presented Hyundai Heavy Industries (HHI) and United Arab Shipping Company (UASC) with an Approval in Principle (AIP), recognizing the technical feasibility of the LNG fuel system design for the A14 and A18 series of container vessels


Crowley Gets Small-Scale NFTA LNG Supply License

Gas tanker: Photo courtesy of Crowley

Crowley Maritime Corp. informs that its subsidiary Carib Energy LLC has been granted a 20-year, small-scale U.S. Department of Energy (DOE) export license for the supply, transportation and distribution of U.S.-sourced liquefied natural gas (LNG) into Non-Free Trade Agreement (NTFA) countries in


US Shippers Seek Role in LNG, Oil Exports

Congressman Hunter

The U.S. government should ensure that international trade of U.S. natural gas, and potentially crude oil, will offer opportunities for the domestic shipping industry, maritime groups said on Wednesday. Booming shale gas production has put the United States on track to become a major exporter


US Approves LNG Exports from Sempra, Carib Energy Projects

The U.S. Energy Department on Wednesday approved liquefied natural gas exports from two projects, as lawmakers pressed the administration to move quickly to clear a backlog of applications to ship gas abroad. Sempra Energy's Cameron LNG facility in Louisiana and Carib Energy's small-scale


Gas Turbine Powered LNG Carrier Earns Lloyd’s Register AIP

artist rendering of the GE/DSIC LNG carrier

GE Marine and Dalian Shipbuilding Industry Company (DSIC) announced at the SMM 2014 exhibition they have received Approval in Principle (AIP) for their jointly developed gas turbine-powered LNG carrier design. The AIP, issued by Lloyd’s Register


ABS to Class LNG-fueled Nordic Hamburg Containerships

Patrick Janssens: Photo ABS

Leading provider of classification services to the maritime and offshore industries, ABB, says it has  been chosen to class two LNG-fueled containerships to be built in China for German owner GNS Shipping/Nordic Hamburg. The 1,400 teu vessels will feature dual-fuel propulsion enabling them


CEO Outlines DNV GL's Key Themes at SMM

Tor E. Svensens address: Photo DNV GL

Tor E. Svensen, CEO of DNV GL addressed the SMM 2014 trade fair in Hamburg, explaining that the classification society's key themes were: enhancing operational efficiency; improving safety, and smarter data. Svensen also looked at some of innovative new projects and research underway at DNV GL


New Inert Gas Systems from Alfa Laval

Alfa_Laval_Smit_LNG_LPG_inert_gas_systems_image - lowres.jpg

LNG and LPG carrier tanks hold both a source of income and a potential source of danger. To avert the danger, inert gas systems (IGS) have been required on all new tankers over 20,000 dwt since 1978 — a move that has surely saved untold lives


Wärtsilä’s LNGPac Receives AIP from DNV GL

The Wärtsilä LNGPac system installed in a platform supply vessel.

The new Wärtsilä LNGPac, the upgraded version of the company's successful LNG fuel handling system, has been granted an AIP (Approval in Principle) Certificate from the classification society DNV GL. The certificate was presented at Wärtsilä’s stand at the SMM conference






 
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