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Lng Technology

ABS, DSME Partner on First LNG Fueled Drillship

Innovative LNG fueled drillship project will promote energy efficiency and environmental sustainability in offshore operations. ABS, a provider of classification services to the global offshore industry, has entered into a joint development project (JDP) with South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) to develop the industry's first LNG fueled drillship. The JDP will address challenges associated with storing and managing cryogenic LNG safely by combining DSME's experience developing and applying LNG technology to floating structures with ABS' technical standards and experience working on a number of gas-fueled, LNG and regasification unit projects. "This project builds on years of collaboration between ABS and DSME to evaluate innovative design concepts and new approaches that serve the needs of our clients and feature enhanced safety and efficiency standards," said Dr. Hoseong Lee, ABS Vice President, Global Korea Business Development and ABS Korea Energy Technology Center in Busan. "We are targeting the Gulf of Mexico as a key market for an LNG fueled drillship where, given the abundance of affordable shale gas resources in the U.S., LNG as a marine fuel makes good economic sense." To initiate the project, DSME has performed a concept design, comparison between two types of LNG storage tanks and analysis of the fuel gas supply system that will be installed on the drillship


Terntank Orders 2 More LNG Fueled Tankers

Chartering Dept of Terntank

Terntank proclaims its options on two sister ships to the two LNG powered product tankers ordered in the autumn of 2013. The oil company NEOT also confirmed that they are taking in two of these on time charter. Terntank Rederi AS now has four LNG powered 15,000 dwt product tankers on order at the Chinese shipyard Avic Dingheng Shipbuilding Co., Ltd. The ships will be delivered at three-month intervals so that the first one will be delivered in the spring of 2016 and the fourth in the


LNG Changeover Log-jam in N. American ECA

Image courtesy of DNV

The IMO (International Maritime Organization) has chosen DNV to gather knowledge about the potential of LNG powered international shipping in the North American Emission Control Area (ECA) and identify the necessary conditions for the successful implementation of LNG as a fuel source in the region. Natural gas is a widely available fuel across North America, but availability of LNG is limited, as the demand and supply side are waiting for each other, partly held up by logistical problems


Bestobell Exhibits LNG Technology

Photo courtesy of Bestobell Valves

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.


Being LNG Ready could be the Best Option for Many Ships

Photo: DNV

DNV now offers shipowners the support they need to make newbuilds and existing vessels LNG ready with class approved designs, ready for later, simple retrofit of LNG technology. The service enables shipowners to make smart choices and minimal investments now in readiness for when LNG bunkering becomes widely available. Shipowners are supported through all stages of the decision-making process as they prepare to meet the IMO air emission regulations entering into force from 2015


GTT, Conrad Shipyard Ink Deal for LNG Barges and Bunker Tanks

GTT signs license agreement with Conrad Shipyard for membrane containment systems for LNG barges and bunker tanks   Gaztransport & Technigaz (GTT) announced that its U.S. subsidiary, GTT North America, has signed a Technical Assistance and License Agreement (TALA) with U.S. shipbuilder Conrad Shipyard for the design and construction of liquefied natural gas (LNG) barges and LNG-fueled vessel bunker tanks using GTT's membrane containment systems.  


ABS Extends Design Approval for KC-1 LNG CCS

ABS has granted extended general design approval for the KC-1 LNG cargo containment system (CCS). The new membrane type will be installed on newbuild LNG carriers currently on order for Korea Gas Corporation (KOGAS), the world's largest LNG importer.    The new LNG CCS design is a corrugated membrane type based on KOGAS' membrane containment system technology used for land-based LNG storage tanks. KOGAS developed the design concept for the KC-1 CCS in cooperation with the DSME


Drydocks World & DMC to build 1st LNG-powered tug

Eco Tug

  Drydocks World and Dubai Maritime City (DMC), the leading provider of services to the shipping, maritime, oil, gas & energy sector is supporting the "Green Economy for Sustainable Development" initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai.  As part of this initiative, the company has entered into Memoranda of Understanding with Wartsila and Dubai Carbon Centre of Excellence for building the


Contract Awarded for First FLRSU

Depiction of the world’s first Floating LNG Liquefaction, Regasification and Storage Unit (FLRSU)

Wison Offshore & Marine Announces Award for construction of World’s First Floating LNG Liquefaction Unit. Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the successful award of a contract by the Exmar group for engineering, procurement, construction, installation and commissioning (EPCIC) of the world’s first Floating LNG Liquefaction, Regasification and Storage Unit (FLRSU)


The Impact of Lower Oil Price on LNG Vessels

Image: OPEC

 Opec study on the impact of lower oil price assumptions on the penetration of LNG vessels has released.   In light of the regulations on sulphur emissions issued by the IMO the prospect of using LNG as an alternative bunker fuel was explored.   It was concluded that LNG had the potential to become an important marine bunker fuel in the long-term.   This year the subject is re-considered in light of recent market and price developments


NASSCO Delivers First ECO Class Tanker for SEA-Vista

Photo: General Dynamics NASSCO

On Thursday, April 28, 2016, General Dynamics NASSCO delivered the first ship in a series of three ECO Class tankers currently under construction for SEA-Vista LLC. The newly-built Independence is a 610-foot, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330


Crowley to Christen 3rd LNG-ready Product Tanker

Louisiana (Photo: Crowley)

Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers.   The 600-foot-long, 50,000-dead-weight-ton (dwt), 330


TOTE LNG Bunker Barge : Crew Training Program

GTT subsidiaries, GTT North America, Inc. and GTT Training Ltd, announce the award of the first contract of its kind for the development and implementation of a comprehensive LNG (Liquefied Natural Gas) training program for the 2,200 m3 LNG Bunker Barge currently under construction at Conrad


India Seeks Stake in Iran LNG Terminal

Dharmendra Pradhan. Photo: Petroleum Ministry, India

 Indian Petroleum Minister Minister Dharmendra Pradhan says India has expressed interest in setting up an LNG terminal at Chahabar port in Iran to ship back home natural gas from Persian Gulf nation, reports PTI.   India is ready to invest $20 billion in the development of Iran’s


MOL's LNG Carrier KUMUL Delivered

At the naming ceremony Courtesy MOL

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) in Shanghai on April 29. A naming ceremony was held at the shipyard on April 8


China Equipments to Yamal LNG

Image: Yamal LNG

 The first shipment of a ‘core kit’ for Russia’s Yamal LNG project has set sail for northern Russia from the Chinese port of Qingdao.   China's first batch of two air cooled condensing modules of LNG project are the biggest and heaviest kits being used for the project


Pressure Steady on LNG Shipping Rates -Drewry

LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.


AIDAprima Makes Maiden Call at Southampton

AIDAprima (Photo: AIDA Cruises)

AIDA Cruises’ new flagship AIDAprima docked in Britain’s Southampton port for the first time on the morning of April 27, 2016, as part of a four-day short cruise. AIDAprima will become the first cruise ship to depart from a German port all year round


Statoil: Limited U.S. LNG Impact in Europe this Year

File Image: An LNG STS Transfer underway (credit: Excelerate)

The European natural gas market is well supplied by pipeline gas from Norway and Russia, Norway's Statoil said on Wednesday, adding that it expected only limited impact from U.S. liquefied natural gas (LNG) supply this year. "Looking at the gas market moving forward the starting point is


US Battles Russia for European LNG Market

Image: Cheniere Energy

 As the U.S. prepares to enter the European gas markets with its first delivery of liquefied natural gas, Norway and Russia are expected to increase production to lower prices and make exporting less desirable to the U.S., reports Daily Sabah.  


Nigeria's LNG Export Falls

Photo: Nigeria LNG Limited

 Babs Omotowa, Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), has raised alarm over Nigeria’s dwindling investments in Liquefied Natural Gas (LNG), according to a report in Thisday.   He noted that with no new investments


ABS Reflects on Strong 2015 Performance

Christopher Wiernicki (Photo: ABS)

153rd meeting of the classification society highlights class-centric strategy and vision for the future of class   ABS held its Annual Meeting on April 26, 2016 in New York, where Chairman, President & CEO Christopher J. Wiernicki reported that “2015 was a year of moving forward


New ClassNK Guidelines for Gas-fueled Ships

class nk logo.jpg

Classification society ClassNK has released the fourth version of its Guidelines for Gas Fueled Ships.   With the introduction of increasingly strict environmental regulations, the industry is now turning toward the use of cleaner fuels such as LNG and more recently other low flashpoint


Cyprus LNG Terminal Non-starter?

Cypriot President Nicos Anastasiades. Photo: Cyprus Govt

 Cypriot President Nicos Anastasiades has said that building an LNG terminal in Cyprus will depend on discoveries and the results of the country’s third licensing round.   Discussing the Cyprus Exclusive Economic Zone’s third licensing round


Sinopec Rolls Out Beihai LNG-import Terminal

Image: Sinopec

 China Petroleum and Chemical Corp (Sinopec) has taken delivery of the first LNG cargo at its new terminal at Beihai City in Guangxi Zhuang, with the arrival yesterday of the LNG carrier Methane Spirit, delivering a cargo from ConocoPhillips-operated Australia Pacific LNG (APLNG)project in






 
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