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, take-up of excess capacity at existing import terminals and a rash of new import terminal projects that are likely to succeed. The US market finds itself short of energy. Gas is the clean burning fuel-of-choice for the electricity-generating plants mooted for construction in the US over the next decade. LNG is being targeted to provide a large proportion of this demand. This dictates new import, gasification and distribution facilities within the US. To serve these facilities, ships to transport the LNG are a pre-requisite since the most suitable exploitable sources are remote from the US mainland. However, one of the features of today's U.S. market is that it is increasingly supply-led and there are just not enough ships to go around. From the 128 existing ships in the world fleet, around 116 are tied into long-term charter, although current indicators suggest that spot trading is on the increase. Talking at the conference, Graham Marshall, vice president marine support, Lloyd's Register Americas, Inc
Lloyd’s Register is to class all six of the next series of large liquefied natural gas (LNG) ships ordered by Qatar Gas Transport Co Ltd (NALIKAT) for the fifth train of the Qatargas II project. These ‘Qmax’ ships will be the world’s largest LNG ships. They will be twin-skeg, driven by two diesel engines and fitted with re-liquefaction plant. They will transport gas from Qatar to the US. Three of the ships will be built at Samsung Heavy Industries (SHI), with a cargo capacity of 266
The gas market is exciting, but only for those with a steady nerve and long-term commitment. Over 20 new LNG import projects have been mooted for the U.S. alone. We are witnessing an unprecedented expansion of shipping capacity to meet this and worldwide expansion of demand. Nearly 30 percent of the world fleet of LNG ships by gross tonnage (excluding options) have been ordered within the past two years. A number of these are already earmarked for U.S. import projects
According to a Feb. 7 report from Chinese news agency, Xinhua, China State Shipbuilding Co. (CSSC), the nation's biggest shipyard, launched three self-developed models of liquefied natural gas (LNG) ships. The three LNG vessels, with a capacity of 160,000 cubic meters, 175,000 cubic meters, and 220,000 cubic meters, are built to meet the increasing shipping demand as the world's economy is on the track of recovery, said the CSSC. (Source: Xinhua)
As the demand for LNG grows, the Chinese government has recognized that in expanding its LNG capabilities, it must build-up the skill set of its maritime professionals in this vital sector. A new course created by Braemar Engineering aims to support this growing demand for LNG expertise in China and increase understanding of STCW amendments concerning operation and management regulations for liquefied vessels. Developed in conjunction with the Cambridge Academy of Transport and Shanghai
Araldite LNG adhesives from Huntsman Advanced Materials are being employed by shipyards, including Samsung Heavy Industries in the construction of a new LNG ship. The vessel is the 100th of its kind to employ Araldite adhesives and to be built for use in the global LNG industry. LNG ships are enormous ocean-going vessels that transport supplies of LNG between energy rich and power hungry countries. The global LNG market is experiencing a period of rapid growth
According to a report from Bloomberg, Hyundai Heavy Industries Co. (009540 KS) surged 11% percent after receiving an order for two LNG ships Dynagas Ltd. of Greece, Samsung Heavy Industries Co. (010140 KS) gained 1.8% after it won a $3b order to build a FPSO facility for Shell Development Pty Ltd., Daewoo Shipbuilding (042660 KS) rose 1.8% and Hyundai Mipo Dockyard (010620 KS) rose 3.5%. (Source: Bloomberg)
According to reports, China LNG Shipping (Holdings) Ltd plans to put the first liquefied natural gas (LNG) carrier built in China into operation by the end of this year, serving Guangdong Dapeng LNG Co, an official of China LNG said. A company official said China LNG would also build carriers for CNOOC Ltd's LNG terminals in the eastern province of Fujian and in Shanghai, which are expected to be operational in 2009
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
Nakilat, Qatargas and RasGas Company Limited will convert a Q-Max vessel as a pilot project making it capable of running on LNG and reducing the ship’s exhaust gas and greenhouse gas emissions. Qatari shipping company Nakilat and Qatari LNG producers Qatargas and RasGas Company Limited have agreed with engine manufacturer MAN Diesel and Turbo to convert a Q-Max vessel to use LNG as an alternative to heavy fuel oil in the main engines.
Qatargas say that their chartered LNG ships carried out the first ever transfer operation between two Q-Flex type ships following an incident involving one of the ships while transiting the Singapore straits. Whilst there were no reported injuries to personnel or impact on the environment
During the House Transportation and Infrastructure Committee’s markup of H.R. 4005, the Coast Guard Reauthorization Bill, Subcommittee Ranking Member Congressman John Garamendi (D-Fairfield, CA) spoke up for American jobs, a revival of the maritime industry
A group of industry professionals from the commercial maritime sector gathered in Fort Lauderdale, Fla. at 8 a.m. on February 8 to participate in Murray & Associates LLC’s 2014 Fishing Challenge. The naval architect and marine engineering group hosted the tournament for the third
You say you don’t work on an LNG ship? You should care nevertheless. Just ten years ago, LNG Import terminals were being built and/or contemplated throughout the United States. Then, it was widely expected that Liquefied Natural Gas (LNG) imports would account for a large percent of the
Level and flow instrumentation suppliers Allison Engineering have enjoyed success with a specialist flow meter application for their ST110 Gas Flow Meters being used on board LNG ships to measure boil-off gas, the natural wastage gas generated in the storage tanks
Royal Dutch Shell plc has announced the completion of the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 billion. As part of the transaction, Shell will also assume $1
Al Khalij Commercial Bank (al khaliji) QSC has provided financing for the two Nakilat shipyard joint ventures: Nakilat-Keppel Offshore & Marine (N-KOM) and Nakilat Damen Shipyards Qatar (NDSQ) for US $120m and US $40m respectively. Nakilat is a Qatari marine transport company providing the
Two new dual-fuel-powered LNG carriers just handed over to Greek shipping company Dynagas by Hyundai Heavy Industries (HHI)—the Arctic Aurora and the Yenisei River—are the first part of the latest and possibly clearest demonstration of the company’s intent to reach a cleaner
The tanker market is in the midst of a supply surge ahead of new liquefaction from next year. Until new supply begins to roll out from 2H 2014 from Australia and Papua New Guinea, we should expect a much weaker market for spot tankers, says Pira's weekly 'Energy Market Recap'.
Singapore LNG Corporation (SLNG) has performed its first vessel cool-down service, following an agreement signed with Malaysian shipping company MISC. This is the first agreement for vessel cool-down services that SLNG has entered into, and the first cool-down was performed on one of MISC's LNG
Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries, the world’s biggest shipbuilder, successfully launched a 162,000 m3 LNG carrier built using the on-ground shipbuilding method for the first time in the world, the shipyard claims.
There are roughly 30 liquified natural gas (LNG)-powered marine vessels currently active in today’s global seas, with some estimates showing approximately 30 new builds expected by 2014. With new commitments and orders for LNG-powered ships taking place every month
New Hazards, New Regulatory Concerns and New Solutions. According to global classification society DNV, as much as 50 percent of the world’s maritime fleet could be duel fuel-powered, as early as 2020. The lure of LNG is understandable – cleaner burning fuels
Induction-based electric propulsion motor technology from GE’s Power Conversion business will be used to power four new LNG carriers that Korean shipbuilder Hyundai Heavy Industries will build for Maran Gas Maritime, the gas shipping unit of the Angelicoussis Shipping Group
The impact of the massive and continuing transformation of Russia’s maritime industries will be on show to the world when the all-encompassing NEVA 2013 exhibition and conference program takes place in St. Petersburg from September 24-27.