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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.


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


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.   


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


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


LNG-FSRU Vessel: BW Place Samsung Contract

A BW VLCC: Photo credit BW Maritime

BW Maritime inks contract with Samsung Heavy Industries for BW’s first Liquefied Natural Gas Floating Storage Regasification Unit (LNG-FSRU). Expected to be delivered in 2015, it will be the latest addition to BW's fleet of 16 LNG carriers, building on and increasing its existing LNG expertise.  This vessel and floating terminal will be able to receive and convert LNG into its gaseous form for offloading via pipelines, to gas facilities on-shore.


Wärtsilä Re-gasification system for Norwegian Ship Conversion

Wärtsilä will supply the re-gasification system for an FSRU conversion project that Höegh LNG plans to carry out on a modern LNG vessel

Wärtsilä has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project that Höegh LNG plans to carry out on a modern LNG vessel. The contract was signed in August.


Höegh LNG Speeds up FSRU Conversion

Photo Höegh LNG

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project, including the ordering of critical equipment with long lead time.


China Receives First American LNG Cargo

Apollonia passes through the Panama Canals locks on its way to Asia. Photo: Shell

 The first cargo of US liquefied natural gas (LNG) to target the world’s largest energy consumer arrived Monday at the Chinese port of Yantian in Shenzhen near Hong Kong.   The cargo was brought onboard the 161,870-cbm Maran Gas Apollonia


Pakistan Mulls Second LNG Import Terminal

BW LNG. Photo:  BW Group

 BW Group (BW) has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage and Regasification Unit (FSRU) for the second Pakistan LNG terminal.  


Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Photo courtesy of Nakilat

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications (EMC) service line to provide marine VSAT services for vessels in its fleet of liquefied natural gas (LNG) and liquefied


KOGAS to Support Korean Shipyards

Deagu Head Office. Photo: Korea Gas Corp.

 In a bid to help South Korean local shipyard weather their worst-ever slump, the State-run Korea Gas Corp. (KOGAS), the world's largest LNG importer, will soon place shipbuilding and maintenance orders with them, says a report by Yonhap.  


Iran Plans to Ship LNG to Europe

Pic:  Iran Liquefed Natural Gas co

 Iran plans to export Liquefied Natural Gas (LNG) to Europe, Mehr News Agency quoted Iranian Minister of Oil Bijan Zanganeh as saying.   Zanaganeh described Iran’s plan for gas exports to Europe saying “the main objective is to transfer the Iranian product in the form of LNG


Swan Sells 60% of FLNG Terminal Capacity

Pic: Swan Energy Ltd

 Indian public sector oild giants Oil and Natural Gas Corp (ONGC), Indian Oil Corporation (IOC)  and Bharat Petroleum Corp Ltd (BPCL) have booked 60 per cent of the capacity of Swan Energy Ltd. (SEL)'s upcoming floating Liquefied natural gas (LNG) terminal off the Gujarat coast.  


Crowley Christens MT West Virginia

Fourth LNG-Ready, Product Tanker Joins the Crowley Fleet Photo Crowley

Crowley Maritime Corp. today christened the MT West Virginia, its fourth new, Jones Act product tanker for the U.S. coastwise trade, in Philadelphia at Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA. The West Virginia is LNG ready


Petronet LNG Commissions Expanded Dahej LNG

Photo: Petronet LNG Ltd

 Petronet LNG Ltd has annouced that the part facilities of the expansion of Dahej LNG Terminal from 10 tlko 15 MMTPA i.e. regasification facility has been commissioned and under stabilization.    As such the additional gas send-out from Dahej LNG terminal  in the north-west


TEN Delivers Aframax Tanker

Image: Daewoo Mangalia Heavy Industries

 Tsakos Energy Navigation (TEN Ltd) has announced the delivery of the Aframax crude tanker "Thomas Zafiras" from Daewoo Mangalia Heavy Industries which will immediately enter a long term contract to a Northern European charterer that could generate gross revenues in excess of $100


Parker to Supply Three Arctic Vessels

Photo courtesy of Parker Bestobell Marine

Parker Bestobell Marine, a supplier of cryogenic valves and part of Parker, a leader in motion and control technologies, has received a major new order from DSME (Daewoo Shipbuilding & Marine Engineering) in South Korea to supply cryogenic valves for three new vessels.  


Kogas Sign MoU for LNG Terminal in Mexico

Image: Kogas

 South Korea’s Kogas  (Korea Gas Corporation) has signed a memorandum of understanding (MoU) with the Mexican state of Yucatan to construct an liquefied natural gas (LNG) terminal and gas pipelines that would be worth up to $1.5 billion in a package deal.   


Fourth LNG-ready Product Tanker Delivered to Crowley

West Virginia (Photo: Crowley)

Crowley Maritime Corp. took delivery Friday of MT West Virginia, the fourth new Jones Act product tanker built for the company by Philly Shipyard, Inc. (PSI). Crowley will christen the West Virginia on Tuesday at a ceremony at Philly Shipyard.  


DNV GL Okays New Floating Power Generation Concept

A 3D model of the FLPS concept. Note: “FLPS” is the registered trademark of IHI Corporation in Japan. Image: DNV GL

 DNV GL has given IHI Corporation Approval in Principle (AiP) for its FLPS (Floating LNG Power Station) concept.   The formal handover of the Approval in Principle took place in Tokyo on July 5. The design has been found to comply with DNV GL class standards and other relevant industry






 
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