The Maritime Port Council of Greater New York and Vicinity has named Maritime Administrator Sean T. Connaughton its 2007 Government Man of the Year. During Connaughton’s tenure, the Maritime Administration has pursued crewing initiatives to assure more U.S. mariners may serve aboard international ships, especially those in the Liquefied Natural Gas (LNG) industry; it has also pushed the Marine Highway Initiative, an effort to better use the nation’s waterways and coastal waters to relieve landside congestion in the transportation system; and realigned its operations to better serve the industry and address current challenges.
The new Douglas-Westwood LNG report forecasts five-year facilities Capex will exceed $93 billion. A bright future is forecast for the LNG industry, as growing long-term gas demand drives major investment in global LNG facilities. The World LNG Market Report 2011-2015, from award-winning energy business advisors Douglas-Westwood (DW), predicts the Pacific basin will be the main contributor to a ten-year global investment high of $26 billion per annum by 2015
Freeport LNG Development, L.P. and Technip USA Corporation, a subsidiary of Technip have signed a contract for the Front End Engineering Design (FEED) leading to the finalization of the EPC (engineering, procurement and construction) contract for its LNG receiving terminal to be located on Quintana Island near Freeport, Texas. The FEED is expected to be completed by the end of December with the EPC phase of the project beginning in the first quarter of 2004.
Golar LNG Limited announces that the Company has entered into firm contracts with Samsung Heavy Industries Co. Ltd for a further two LNG carriers. The two additional vessels, each with a capacity of 160,000cbm have a combined total cost of slightly above $400 million. The first of the carriers is scheduled for delivery in the second quarter of 2014 and the second in early 2015. Subject to declaration deadlines
Energy demand in South East Asia is expected to grow at twice the rate of the rest of the world. DNV GL has appointed Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia just as the company is establishing a dedicated LNG and Gas Consulting unit in Singapore. The unit will support the extensive development plans for a safe, secure and reliable gas and LNG infrastructure in Asia. It is estimated that USD 460 billion will need to be invested in South East
Braemar Engineering, the marine and LNG technical consultancy arm of the Braemar Shipping Services PLC group, has been appointed as Owner’s Engineers by Texas LNG Brownsville LLC (Texas LNG) for the proposed Brownsville LNG project. The project will be constructed in a deepwater frontage site along the Port of Brownsville shipping channel, South Texas, and is anticipated to export more than 2 million metric tons per annum (MTPA) of LNG
Australia’s Arrow Energy Holdings Pty Ltd confirmed that it has entered into a Scheme Implementation Agreement with coal seam gas company Bow Energy Ltd under which Arrow has agreed to acquire all of the shares in Bow for a cash consideration of A$1.52 per Bow share. The offer values Bow at A$535 million. Bow Board members have unanimously recommended shareholders vote in favour of the offer, in the absence of a superior proposal and subject to an independent expert concluding
GE Oil & Gas to supply gas turbine-driven compressor train technology to Malaysia’s Petronas for a floating liquefied natural gas (FLNG) facility. The start-up of the FLNG facility is scheduled for the fourth quarter of 2015. It will be moored about 180 kilometers off the coast of Bintulu, Sarawak, and is designed to produce 1.2 million tons a year (mtpa) of LNG. Once on stream, the facility will boost Malaysia’s total LNG production capacity to 26.9 mtpa from 25
Bestobell Valves, part of the President Engineering Group (PEGL), attended the Gastech 2014 exhibition in South Korea recently and said it had a great response from visitors across the globe, including a significant number from South Korea and Japan. The company showcased its cryogenic valves, which are already widely used for industrial gas, LNG marine and land-based LNG (liquefied natural gas) applications across the world.
DNV GL says it is launching a new Recommended Practice (RP) on LNG Bunkering in the Middle East & South Asia. The launch in Doha is in conjunction with Qatar’s announcement that it is going to establish a strategy of supplying LNG as a marine fuel in Qatar and the other countries forming the Gulf Cooperation Council (GCC). “Qatar’s entry as a provider of LNG for the marine industry will be a game-changer given that it is the largest single exporter of LNG
The United States Maritime Resource Center (USMRC) in Middletown, Rhode Island and ClassNK have announced the signing of a Memorandum of Understanding (MOU) laying out a framework for future technical cooperation to carry out joint research and development activities for the maritime industry.
General Dynamics NASSCO and Braemar LNG BV announce LNG containment technology licensing agreement General Dynamics NASSCO and Braemar LNG BV, a wholly owned subsidiary of Braemar Shipping Services PLC, have signed a technology licensing agreement for Braemar to use NASSCO’s
The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise The Pacific Merchant Shipping Association hosted The Future of Marine Fuels: Emission Control Area and Liquefied Natural Gas Conference in San Pedro, California on December 4, 2014. Representing the U.S
Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger than the previous five years following a slowdown in 2009 through to 2012 as a result of the global recession.
Dual-fuel ME-GI engine adds important reference to growing list. United European Car Carriers (UECC) has signed a contract for the construction of two LNG-powered Pure Car/Truck Carriers (PCTCs). A single MAN B&W 8S50ME-GI dual-fuel engine will power each newbuilding.
As the world’s economies search for sustainable, reliable, renewable energy sources, they are also more closely examining a range of fossil fuels to find the cleanest, least harmful of those to cut carbon emissions and improve air quality in the process.
The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia.
A memorandum of understanding (MOU) was signed today between DNV GL and Qatar’s premier shipyard Nakilat-Keppel Offshore & Marine (N-KOM) to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The signing ceremony took place during DNV GL’s
Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become a dumping ground for the world's unwanted gas supplies this winter as Asian demand for sea-borne shipments fizzles out
Interferry has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships, a decision that the trade association said will safeguard further development of the LNG option.
Plentiful supply, low prices and strict regulations on air pollution are fuelling a swift move towards using LNG as fuel for ship propulsion in the USA and Canada. In Europe strict regulation in port is pushing passenger ship owners to use LNG fuel while berthed.
Classification society ClassNK has granted approval to the design of the new 28AHX-DF dual-fuel engine developed by Niigata Power Systems Co., Ltd. The new engine is slated to be used as the main engine on a new LNG-fuelled tugboat being built by Keihin Dock Co., Ltd. for NYK Line
Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Sayaringo STaGE," a next-generation LNG (liquefied natural gas) carrier. The Sayaringo STaGE was developed as a successor to the "Sayaendo1," the company's highly acclaimed LNG carrier evolved
Caterpillar Marine successfully completed the commercial marine industry’s first dual fuel engine retrofit conversion in hull. Performed in under six weeks, Caterpillar Marine along with Cat dealer Bolier, completed an in hull retrofit onboard the Coral Anthelia
With the IGF Code practically finalized, the introduction of sulphur limits and burgeoning infrastructure and production capability, LNG as a ship fuel is spreading rapidly through the maritime world. DNV GL’s new GAS READY notation gives owners