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Lng Fleet

Höegh LNG FSRUs on Strong Ground

Photo: Höegh LNG

 Höegh LNG is upbeat on the group’s FSRU prospects as its profit rise comes on the back of an almost tripled average regasification flow rate on Höegh LNG’s FSRU fleet compared with the same quarter last year, owing to increased imports driven by ample supplies of LNG being available at low prices.   The owner of floating storage regasification units said in a statement: “The improved utilisation of all the FSRUs in Höegh LNG’s fleet confirms that the increase in LNG supply has strengthened the FSRU market fundamentals and provided additional support for the strategic drivers in the group’s long-term FSRU contracts.”     All five FSRUs in Höegh LNG’s fleet operated in accordance with contract and without incidents during the quarter, the company said.   "As a consequence of ample LNG being available at low prices, the average regasification flow rate on Höegh LNG's FSRU fleet has almost tripled compared with the same quarter last year," says the statement.   It adds:"This clearly demonstrates that demand for LNG into new markets continues to increase, and we observe the same effect for our FSRU services, since Höegh LNG is currently pursuing three fast-track FSRU projects that all have a start-up that matches the delivery of FSRU#7 in March 2017".   


RasGas Adds Seven New Ships to LNG Fleet

RasGas Company Limited (RasGas), the Qatar based premium LNG exporter, continues to grow its fleet to meet global demand. RasGas, Teekay Nakilat and J5 name seven Q-Flex LNG carriers that will enter long-term RasGas charters in ceremonies at both the Samsung Heavy Industries (SHI) and Daewoo Shipbuilding and Marine Engineering (DSME) shipyards in South Korea. These ships bring the RasGas LNG fleet to a total 20 ships ranging from 138,000 cu.m through to 217,000 cu.m.


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


LNG Training Agreement To Be Signed

Maritime Administrator Sean T. Connaughton, presidents of the major seafaring unions, and the heads of major maritime academies will sign an agreement on June 5 to implement a set of universal standards in training crews for tankers carrying Liquefied Natural Gas (LNG). The standards were developed by an industry working group facilitated by the Maritime Administration. The agreement will help expand the pool of U.S


LNG Market Poised for Massive Growth

There has been plenty of talk recently about the birth of a spot and short-term charter market for lng carriers. Indeed some LNGoperators have formed strategic alliances to prepare for these potentially new trades. However, R.S.Platou Shipbrokers of Norway believes that the volume of LNGtonnage currently on order could yet force some owners to work short-term deals by the end of this decade whether they like it or not.


New LNG Carrier Delivered to MISC Berhad

(Photo: MISC Berhad)

MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC. Upon their delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years.   The naming ceremony was graced by the presence of Y. Bhg


SUEZ LNG implements U.S. Citizen Crewing Agreement

SUEZ LNG, Massachusetts Maritime Academy (Academy), and the International Organization of Masters, Mates and Pilots (MM&P) announced an agreement to recruit, train, and supply U.S citizen mariners for service on the LNG tankers owned or chartered by SUEZ LNG. SUEZ LNG, in compliance with the deepwater port license agreement signed with Maritime Administrator, Sean T. Connaughton, will collaborate with both the Academy and the MM&P Union to train and employ U.S


Harvey Gulf Breaks Ground with LNG Facility

Artists Depiction: the Harvey Gulf LNG Fuleing facility in Port Fourchon, LA.

Louisiana out in front on LNG bunkering infrastructure. New Orleans-based Harvey Gulf International Marine (HGIM) has announced the ground breaking of construction on its $25 million Phase 1, Slip B, LNG (Liquefied Natural Gas) fueling facility at their Port Fourchon, LA terminal. When operational later this year, HGIM’s LNG facility will be the first of its kind in the United States. This technologically-advanced, environmentally-safe


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 2017 and 2018, aided by US shale export projects, according to an estimate by analyst Masanori Wakae at Mizuho Securities.   


A Shipyard Grows in Trinidad & Tobago

La Brea_T&T Shipyard Port_FIX..jpg

Spurred by Panama Canal Expansion and U.S. LNG Export, $500 Million Shipyard Projects Starts   As Trinidad and Tobago seeks to diversify its economy, it is banking on a massive shipyard construction project as the centerpiece of a maritime industry and economic revival. A Trinidad and Tobago Parliamentary debate earlier this year centered on the Motion, ‘Increase of Loan Ceiling under The Development Loans Act


Top 10 Ship Owning Nations

© Masson / Adobe Stock

Kicking off the New Year, VesselsValue has put together a list of the top 10 ship owning nations by fleet value in 2017.     Greece - $84.079 billion Japan - $80.169 billion China - $68.333 billion Singapore - $38.052 billion


MOL: LNG Carrier Delivered for SINOPEC LNG Project

At the naming and deliveryceremony on January 6 Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced that the LNG carrier CESI Qingdao — ordered by a joint venture of MOL, China COSCO Shipping Corporation Limited and China Petroleum & Chemical Corporation (SINOPEC) — was delivered at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd


Vard Wins Two Ferries Contract from Torghatten Nord

Ferries for Torghatten Nord - Picture Multi-Maritime Photo VARD

Vard Holdings Limited (“VARD”)secured contracts for the construction of two LNG powered car- and passenger ferries for Torghatten Nord in Norway. The total contract value amounts to approximately NOK 600 million. The new car- and passenger ferries are designed for environmentally


CNOOC Diverted Two LNG Cargoes from Tianjin After Pipeline Fire

China's state-owned energy company CNOOC diverted two cargoes of imported liquefied natural gas (LNG) after a pipeline fire in northern China's Tianjin, though imports were normal as of Monday, traders with knowledge of the matter said on Tuesday.


Skangas, Statoil Pact for LNG Reload at Klaipeda

Photo: Klaipedos Nafta

 Skangas signed an agreement with Statoil, the Norwegian oil and gas company, for a small-scale LNG reload to take place at the Klaipeda LNG Terminal in Lithuania.    The reload will take place early January 2017. This will be the first reload conducted at the terminal and it is


Wärtsilä, MOL Sign maintenance Deal for Two LNG Carriers

Wärtsilä increases operational safety and predictability for two LNG carriers of MOL LNG Transport (Europe) Ltd. Photo Wartsila

Wärtsilä has signed a ten-year maintenance agreement with MOL LNG Transport Europe Ltd., an affiliate of the Japanese MOL Group. The agreement, which covers two LNG carriers, increases the predictability of the vessels' operations, enhances safety and reduces operational costs


Great Ships of 2016: Polaris

Polaris (Photo: Arctech Helsinki Shipyard)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.”   Polaris - World’s First LNG-Powered Icebreaker


Wison Launches Floating LNG Power Plant Solutions

Photo: Wison

Wison Offshore & Marine has developed a range of solutions for floating power supply. With design philosophy of “plug-in power”, all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and


Great Ships of 2016: Ternsund

(Photo: Tärntank Ship Management AB)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.”   Ternsund - LNG fueled tanker with Direct Drive Permanent Magnet Shaft


Gaslog’s New LNGC to Feature Mark V Technology

 Following Samsung Heavy Industries’ (SHI) order announced last October 11, 2016, the new GTT's Mark V technology is confirmed as the technology to equip the new LNG carrier ordered by the European ship-owner Gaslog.   The vessel will be built at SHI's shipyard in Goeje Island


LNG: Lagging, Not Gone

(Photo: Sanmar Shipyard)

Low energy prices, depressed day rates and slow growth of bunkering infrastructure has dampened progress for the marine industry’s ‘white knight’ of environmentally friendly fuels. LNG, nevertheless, is here to stay.    Slow Start


Megastar's First LNG bunkering at Skangas Pori Terminal

Photo Skangas

To be completed at the Meyer Turku shipyard in late January, Tallink’s new liquefied natural gas (LNG) powered fast ferry M/S Megastar was bunkered with LNG for the first time at the newly opened Skangas Pori LNG terminal on January 4. Her maiden voyage will take place from Tallinn to


DryShips Expands to Gas Carrier Market with Four New VLGCs

Image: DryShips Inc.

 DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer,  George Economou, to purchase up to four high specifications Very Large Gas Carriers (VLGC) capable of carrying liquefied petroleum


JERA Imports Japan's First Liquefied Shale Gas Cargo from U.S.

File Image: an LNG carrier (CREDIT: Parker Bestobell)

Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply.   This also marks Japan's first import of liquefied natural gas (LNG) produced in the contiguous United States


Dryships to Expand into VLGC sector

The Table

DryShips Inc. announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive Officer, Mr. George Economou, to purchase up to four high specifications Very Large Gas






 
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