Lng Ship

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, 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

LR to Class World’s Largest LNG Ships

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 Dash for Gas

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

China Launches Three Models LNG Vessels

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)

LNG Under Construction by Samsung Heavy Industries

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

South Korea Shipyard Stocks Surge

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)

LNG Carrier to Enter Service in China by End of Year

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

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

Teekay LNG Partners Orders Two LNG Newbuilds

Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) entered into an agreement with Daewoo Shipbuilding & Marine Engineering CO., LTD., (DSME) of South Korea for the construction of two 173,400 cu. m. Liquefied Natural Gas (LNG) carrier newbuildings, with options to order up to three additional vessels. The Partnership intends to secure long-term contract employment for both vessels prior to their delivery in the first half of 2016

Report: Repsol YPF, Gas Natural to Tender Contract for Five LNG Ships

Repsol YPF SA and its affiliate Gas Natural SDG SA plan shortly to put out for tender a contract to build a fleet of five ships for transporting liquid natural gas, Cinco Dias reported, citing unnamed maritime sector sources. According to the newspaper, the 25-year contract will be worth some one billion Euro and is the largest ever gas transport contract awarded in Spain and one of the biggest in the world. Spanish shipbuilders Maritima del Norte and Elcano are expected to bid for the