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.
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
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
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
The most expensive ship among the orders Korean shipbuilders have won this year is a $630m drill ship. Samsung Heavy Industries won a contract from Sweden in October to build the 97,000-ton drill ship, which is 228 m long and 19 m tall. In terms of price, the ship costs the equivalent of five 300,000-ton crude oil carriers (VLCCs) or two or three LNG ships. The next most expensive orders were also for drill ships, worth $550-590 million in second to fifth
Maritime & Port Authority of Singapore (MPA) considers operational feasibility of LNG bunkering A Joint Industry Project (JIP), co-funded through MPA’s MINT fund, is aimed to provide recommendations to the Singapore government authorities on enabling LNG bunkering in Singapore, ensuring operational safety, alignment with industry expectations and best practice, and compliance with relevant international rules, regulations and standards.
DNV and Korea Gas Corporation (KOGAS), Korea’s national gas company, has entered into an agreement to cooperate on a feasibility study on the establishment of an LNG bunkering infrastructure in Korea. This is one of the largest and most comprehensive feasibility studies ever initiated in the worldwide LNG bunkering industry. Based on this agreement, DNV will qualitatively and quantitatively study the feasibility of implementing LNG bunkering in ports in the south-eastern area
A DNV-led Joint Industry Project (JIP) concludes attractive payback periods on the required investment are likely. Attractive payback periods from the additional investments required for LNG fuelled shipping, along with no significant legal restrictions hindering development of LNG bunkering in Australia. This is the conclusion of a Joint Industry Project (JIP) focusing on LNG fuelled tugs and OSVs, managed by DNV with nine partners in Australia.
Nor-Shipping announced the nominees for the 2013 Nor-Shipping Awards which recognize achievements in three different areas – energy efficiency, innovative ship design and young entrepreneurship. HRH Crown Prince Haakon of Norway will present the awards when they are announced at the Opening
May 22 is National Maritime Day, an observance to recognize the contributions and sacrifices made by America's Merchant Marine. However, it is also a time to reflect on a growing industry that is facing needs for highly-skilled mariners. The total value of marine freight is estimated to
Pacific Northwest LNG awards FEED contract, takes next step toward an LNG export terminal island on Lelu Island, near Port Edward. The front-end engineering and design (FEED) contract will see three firms working together to design the terminal and work on feasibility studies in the Port
March 2013 saw Rolls Royce collect the Green Ship Technology Award at the Green Ship Technology Conference in Hamburg for its Environship concept, which has lean burn Bergen Engines gas power units at it core. The Environship combines a range of Rolls Royce technologies (Bergen Engines is a
China Shipping Development and Sinopec Kantons are to spend HK$11.71 billion to buy six LNG carriers, which will be chartered to Sinopec. The two companies have set up a joint venture China Energy Shipping Investment (CESI) which is 51 percent controlled by China Shipping and 49 percent by
In his newly published book, industry expert Nigel Draffin answers the key questions about LNG bunker fuel. The publishers, Petrospot, say that Nigel Draffin answers the key questions about LNG bunker fuel in his usual informative and lucid style
One of MAN Diesel & Turbo’s oldest licensees held a successful demonstration of the ME-GI concept on April 17, 2013 at its Tamano works. A large crowd of guests attended the demonstration and the following reception where, among others, MAN Diesel & Turbo’s Dr
Lifeboat hooks can be lethal, and their design is out of date and unsuitable to meet modern demands, according to serving seafarers whose views have been gathered by InterManager. Following a series of incidents and fatalities involving lifeboat hooks, InterManager
Japanese trade minister Toshimitsu Motegi calls for early U.S. approval for exports to his country of liquefied natural gas (LNG). The Japanese minister made his request at a meeting with Acting Energy Secretary Daniel Poneman, stating that securing a relatively cheap energy source is crucial for
Interlake Steamship moves toward upgrading its fleet to energy efficient, more environmentally friendly LNG fuel. The company has announced that it has reached an agreement in principle with Shell to supply liquefied natural gas (LNG) to support Interlake’s conversion of its vessels
Crowley Maritime Corporation's petroleum services group is entering the Liquefied Natural Gas (LNG) market by acquiring Carib Energy LLC. Florida-based Carib Energy, founded in 2011, was the first company to receive a small scale, 25-year, LNG export license from the U.S
Golden Pass Products LLC (GPP) affiliates Qatar Petroleum International (QPI) and ExxonMobil signed a framework agreement for the proposed liquefaction project at the Sabine Pass, Texas terminal. The agreement establishes a commercial framework to sell up to the full 15
Since acquiring Sobrena, Damen Shiprepair Brest has serviced 50 vessels from leading shipowners and managers. The yard’s work portfolio includes a large number of Afra/Suezmax tankers and LNG carriers. The latest project concerns the Höegh LNG owned and MOL LNG Transport
On May 17, 2013, Mitsubishi Heavy Industries Ltd. (MHI) will sign an agreement with Mitsui O.S.K. Lines Ltd. (MOL) to build a Sayaendo series new-generation liquefied natural gas (LNG) carrier. Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced that Vice President of LNG Sales, Tor-Ivar Guttulsrod, will speak in the Strategy Roundtable of Floating LNG 2013, the world’s largest conference on floating LNG on Wednesday, June 12, 2013. Mr