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Lng Fleet

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. On the February 20, in the first of two naming ceremonies, the first four Q-Flex ships with a cargo carrying capacity of 217,000 m3, approximately 50 per cent larger than conventional ships and the largest ships currently chartered by RasGas were formally named by VIP sponsors. Built by SHI at the Goje Island shipyard, the ships are owned by Teekay Nakilat (III Corporation) and will deliver LNG in the main to the Far East and US markets. At the ceremony the vessels were named by representatives from RasGas, ExxonMobil, and Distrigas, one of RasGas' European customers. Hamad Rashid Al Mohannadi, RasGas Managing Director (CEO) was the proud sponsor of the 'Al Kharsaah'. Whilst the 'Al Huwaila' and 'Al Shamal' were named by Mrs. Sherry Swiger, wife of Mr. Andrew Swiger, President ExxonMobil Gas and Power Marketing Company and Mrs. Ruth Billings, wife of Mr. Ron Billings, Vice President Global LNG, ExxonMobil Gas and Power Marketing Company respectively


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


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


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.


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


LR Report: 75 New LNG Ships for the U.S.

Lloyd's Register (LR) released the results of its extensive research into the LNG market. Talking at the LNG conference The role of LNG in North American and Caribbean gas supply in Washington D.C., LR said that between 27 and 75 new LNG ships will be needed to meet the demand for LNG over the next decade in the US market alone. Many factors have been considered by LR in its forecast of the LNG market, including consideration of replacement of ageing existing ships


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.


Höegh LNG Awarded FLNG pre-FEED Study Contract

Photo courtesy of Höegh LNG

Höegh LNG say they have signed a contract with an Asia based national oil company to conduct pre-FEED engineering work for an offshore floating LNG facility (FLNG) with 2 million tonnes per annum production capacity. The work will be finalised in the first quarter of 2014. Provided that the conclusion of the engineering work is positive, the intention of the client is to execute a full front-end engineering design (FEED) in the first half of 2014.


Wilson, Watson to Keynote SHIPPINGInsight 2014

Michael Wilson (left) and Jim Watson

Maritime industry executives Captain Michael Wilson and Jim Watson are keynote speakers for SHIPPINGInsight 2014, North America’s premier maritime industry technical forum, Sept. 30 through Oct. 2, 2014 in Stamford, Conn., at the Sheraton Stamford Hotel. Wilson, president of Laurin Maritime (Americas) Inc. and chief operating officer of Laurin Maritime, and Watson, president and chief operating officer of ABS Americas


Asia: LPG Shipping and LNG Pricing

Image: Navigator Gas

 While declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall, LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution.  


Atlantic Gas Swings Keep LNG Traders Guessing

MILAN, Feb 26 (Reuters) - Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather and Brazilian demand leave tankers torn over where to sail. The region's gas markets


Brookings Institution Hosting Panels on LNG Marine Fuel

The Brookings Institutions Charles Ebinger will moderate the panels (Photo courtesy of the Brookings Institution)

The Brookings Institution, a Washington D.C.-based think tank, will host a two-panel discussion on the use of LNG as a marine fuel on Tuesday, March 3, the organization announced today. The panels are part of the Institution's Energy Security and Climate Initiative (ESCI)


Conrad Shipyard Bags LNG Order

Image: Conrad Shipyard

 Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard for the construction of a dedicated LNG bunker barge for the marine market in North America.  


S. Korea's Daebo Int. is 3rd Dry-Bulk Shipper to File for Bankruptcy This Month

A third dry cargo shipper has filed for bankruptcy this month following a collapse in freight rates to historic lows in what shippers call the worst market conditions since the 1980s. South Korea's Daebo International Shipping Co Ltd filed a court receivership, a form of corporate bankruptcy


Petronas, HHI Novation Agreement with MISC

LNG Ship Puteri Firus (Image by MISC Bhd )

 Malaysia’s MISC Bhd and parent Petroliam Nasional Bhd (Petronas) have agreed to build new liquefied natural gas (LNG) carriers worth US$1.1 billion and charter them to another unit owned by the national oil and gas company for up to 20 years.   


Korean Shipper Files for Bankruptcy

 Korea’s dry bulk shipping company Daebo International Shipping has reportedly filed an application for rehabilitation proceedings with a court in South Korea.   Daebo is the third dry bulk shipping company to file for bankruptcy protection this month following China’s


Lithuania Receiving LNG from Norway on Feb 28

Lithuania is set to receive a liquefied natural gas (LNG) cargo from Norway's Snohevit LNG plant at the end of February, according to ship-tracking data on Reuters Eikon. The 160,000-cubic-metre-capacity tanker Golar Seal is expected to arrive at the port on Feb


Australian Project Sells 2 LNG Cargos

Australia's North West Shelf liquefied natural gas (LNG) export plant sold a cargo to BG Group and Trafigura as part of a recent tender, in which some bidders sought to haul supply into premium European markets, trade sources said.   Plans by several trading companies to ship Australian LNG


Darwin LNG Launches Sell Tender

Australia's Darwin liquefied natural gas (LNG) export plant, operated by Conoco Phillips, has launched a tender to sell one cargo loading April 6-7, according to traders familiar with the matter. The 3.5-million-tonne-per-annum facility has asked sellers to arrange their own shipping


LNG Destination Clauses May End: IGU

Destination clauses on contracts for liquefied natural gas (LNG)shipments will soon be a thing of the past because of the shale revolution in the United States, the head of the International Gas Union said in an interview. Japan and other buyers of LNG have long complained that the destination


WesPac to Build N. America’s First LNG Bunker Barge

Image: WesPac Midstream

WesPac Midstream LLC (WesPac), a provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance


Latvia's Gas Utility Sales Volumes Fall in 2014

Latvia's gas utility Latvijas Gaze sold 10.9 percent less natural gas imported from Russia in 2014 than a year before, the company said on Wednesday.   Sales fell to 1.3 billion cubic metres (bcm) due to warmer weather and as more gas was switched for woodchips for heating


First Skangass LNG Loading in Zeebrugge

LNG was loaded aboard Anthony Veder's Coral Energy, the Skangass time chartered ship, at the Fluxys LNG Terminal in Zeebrugge, marking the first Skangass loading at Zeebrugge under the recent agreement between Skangass and energy company Eni.   


GTT Receives Order for LNG Bunker Barge

Image: GTT

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of LNG liquefied natural gas (LNG), announced that its U.S. subsidiary GTT North America (GTTNA) has received an order for one LNG bunker barge.  






 
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