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 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
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
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 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.
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
According a new forecast by MEC intelligence nearly 10,000 vessels could be adopting LNG propulsion by 2020 triggering a huge growth in the market. Companies in all aspects of the maritime value chain– oil majors, terminals, ports, bunker suppliers, service companies, component producers, vessel owners and charterers – need to rethink their offerings.” A ground breaking report published by the maritime cleantech market insight firm MEC Intelligence estimates more than 5%
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)
Shell Australia has awarded a major contract for the design, construction and operation of three Infield Support Vessels (ISVs), which will create approximately 80 local jobs and support its Prelude FLNG Project, located 475km north-north east of Broome, in Western Australia. Perth-based KT Maritime Services Australia Pty Ltd, a joint venture partnership with KOTUG International B.V and Teekay Shipping Australia Pty Ltd, will supply three 42-meter
IHI Corporation (IHI) received an order for two “IHI-SPB” LNG tanks to be installed in the Floating LNG Storage & Regasification Unit (FSRU) from Wison Group of Shanghai, China (Wison) who is known as the largest private EPC contractor in China. These two tanks will be fabricated at the IHI’s Aichi Works and delivered at Wison’s Nantong shipyard in the second half of 2015. The storage capacity of the two tanks is 25,000m3 (12,500m3 per one tank x 2 tanks)
Russia’s largest shipping company is continuing to develop its potential in the LNG transportation segment by entering into a new long-term agreement with Royal Dutch Shell. On December 16, a naming ceremony was held for the LNG carrier SCF Melampus
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
Cheniere Energy, Inc announced today that its subsidiary, Corpus Christi Liquefaction, LLC has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with EDP Energias de Portugal S.A
Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near the port of Tornio in January 2015
Accessing the latest research findings or information on new technologies and incoming regulations as they emerge can prove challenging. To help make access easier, leading classification society ClassNK (Chairman and President: Noboru Ueda) announced the release of its technical review
Subsidiaries of Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and a wholly owned company of Royal Dutch Shell plc (Shell) has announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global LNG fleet under
OAO Sovcomflot (SCF Group) signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent. The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre
The Q4 edition of Maritime Professional -- with Buckley McAllister, fifth generation leader of McAllister Towing profiled -- is now available for download at: http://digitalmagazines.marinelink.com/nwm/MaritimeProfessional/201411/ In addition to the McAllister profile
Notation reflects increased demand for review and approval of machinery elements on vessels designed for conversion to LNG fuel. ABS has published the ABS Guide for LNG Fuel Ready Vessels to support members and clients in preparing newbuildings for future conversion to gas propulsion.
Egypt will launch a tender for a second liquefied natural gas (LNG) import terminal in the coming weeks, which could help address the country's ongoing energy crisis, a source at the state gas board said on Tuesday. High consumption, along with foreign firms' reluctance to invest in the sector
As operators ponder the thorny question of dual fuel, LNG or SCR Treatment, GE Transportation’s new medium speed marine diesel engine seemingly simplifies the playing field. Current Events, Futuristic Propulsion The October 2014 news that global oilfield giant Oceaneering
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
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.
In the coming year, the HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container with liquefied natural gas (LNG) fuel has now arrived in the Hanseatic City.