Höegh LNG and Mitsui OSK Lines, Ltd. (MOL) confirm the signing of long term time charter parties for two Shuttle and Regasification Vessels (SRV) with SUEZ LNG Trading SA. These vessels are specifically designed to service an offshore natural gas import terminal to be built in Massachusetts Bay offshore the city of Boston on the US East Coast. The vessels will be delivered in 2009 and 2010. The SUEZ owned Neptune LNG LLC received the final license issued by MARAD for the construction of the terminal on 23 March. Environmental awareness and safety The LNG re-gasification vessels and the deepwater port installations can meet the most stringent environmental regulations anywhere in the US for such terminal facilities. By placing the terminal services offshore there is no need for land-based terminals that could affect the local environment. The transportation of LNG by ship has an outstanding track record when it comes to safety.
With two major LNG conferences taking place this week on opposite sides of the world - the third annual LNG Global Congress in London and the World LNG Series Asia Pacific Summit in Singapore - AtoBviaC, the specialist maritime route provider, has carried out a thorough review of all LNG trades to ensure that key ports and vessel manoeuvres in this important sector remain covered. LNG vessels are some of the most expensive in the industry
Cheniere's North American LNG Gateway Program with issuance of a Request for Proposals to sell to Cheniere up to 200 cargoes per year of liquefied natural gas (LNG) for the years 2008 - 2010. Cheniere's North American LNG Gateway(TM) program will provide global LNG suppliers a direct platform to nominate cargoes into Cheniere's LNG receiving terminals starting with the Sabine Pass LNG Receiving Terminal, which is currently under construction in Louisiana
World LNG demand is forecast to rise from 158 billion cubic meter (bcm) to 269 bcm by 2010 and to 428.5 bcm by 2020. This growth represents an average annual trade growth of 7.6% over the near-term, with a slowing to 5.4% through to 2015 and 4.9% up to 2020. Such trade growth will necessitate an increased vessel building program. Currently there are 59 vessels on order, but to match the expected development of trade volumes an additional 33 vessels are required through to 2010
Amarcon and GTT will develop technology that enhances the quality of sloshing measurement and prediction. Amarcon, a member of the ABB group, today announced it has signed an agreement with GTT (Gaztransport & Technigaz) on mutual development of forecasting and advice software system onboard LNG carriers. The deal was closed during the Gastech exhibition in London. GTT (Gaztransport & Technigaz) is a French engineering company formed in 1994 by the merger of the two major players
International classification society Bureau Veritas is classing the world’s largest bilobe gas tanks. They are nearing completion at China’s Sinopacific yard and will be installed in a series of four 27,500 cu m semi-refrigerated LNG/Ethylene carriers building for Denmark’s Evergas. Each of the IMO Type C bilobe tanks has a capacity of 9,686 cu m. Two of the tanks in each vessel will be supplemented by a third conical Type C cargo tank and a smaller LNG fuel tank on the
According to a Bloomberg report, Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd., Japan's two largest shipping lines, will join Qatar in ordering $1.8 billion of liquefied natural gas (LNG) tankers to carry the fuel to North America. The ships will be built in as yet-unnamed South Korean yards. Kawasaki Kisen Kaisha Ltd., Japan's third-biggest shipping company, Iino Kaiun Kaisha Ltd. and trading house Mitsui & Co. are also among the investors, according to the report.
There has been plenty of talk recently about the birth of a spot and short-term charter market for lng carriers. Indeed some LNGoperators have formed strategic alliances to prepare for these potentially new trades. However, R.S.Platou Shipbrokers of Norway believes that the volume of LNGtonnage currently on order could yet force some owners to work short-term deals by the end of this decade whether they like it or not.
As the LNG trade significantly increase over the next decade, transporting the fuel in ever larger, more sophisticated ships means particular attention must be paid to technical issues to ensure the present and long-term viability of the new generation of larger LNG carriers. Operators continue driving the demand for larger LNG ships to take advantage of the economies of scale. "By increasing the size of the standard LNG carrier from about 145,000 to 200,000 cu. m
US Department of Energy grants Pangea LNG Project permission to export LNG from its South Texas LNG Project, Corpus Christi Bay. The U.S. Department of Energy has granted Pangea long-term, multi-contract authorization to export liquefied natural gas (LNG) to free trade agreement (FTA) nations. Pangea LNG will be authorized to export up to 8 million metric tons per annum (mtpa) of LNG produced from domestic gas fields for a 25-year term commencing on the date of its first export
Effective January 1, 2014, Sea Star Line (SSL) President Peter Keller will become Executive Vice President of Sea Star Line’s parent company, TOTE, Inc. In this new capacity he will assist in the oversight of both TOTE Shipholdings and the TOTE Maritime Division
The two energy providers discussed the possibilities of co-operation in supplying liquefied natural gas (LNG) particularly from the Baltic LNG project to the European and Latin American markets, during a recent meeting at Gazprom HQ.
Arup, the multidisciplinary engineering and consulting firm, has been joined by Larry Wise as an associate and maritime engineer in the firm’s Houston office. In this role, explains Arup, he will be responsible for leading and executing energy and maritime assignments
OGP (International Association of Oil and Gas Producers) and ISO (International Organization for Standardization) have released their interim draft in response to industry uncertainties associated with trade regulations (EU and US) and their applicability to standardisation in the oil and gas
Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, is expanding its product offering in the marine market and has appointed six Capstone marine distributors. Capstone marine microturbines, which run on cleaner and less costly liquid natural gas (LNG)
GE Marine, Dalian Shipbuilding Industry Company (DSIC) and Lloyd’s Register announce they have jointly developed a design for a gas turbine-powered LNG carrier. This unique carrier will provide low life cycle cost, high environmental performance and flexible design.
Russian President Vladimir Putin has signed a law on the liberalization of exports of liquefied natural gas (LNG). According to the document, two new categories of license holders are entitled to the right to export LNG, in addition to Gazprom, reports Arctic-Info.
Bristol Harbor Group, Inc. (BHGI) was awarded a task order for an Alternative Fuel (LNG/CNG) Initiative through its Indefinite Delivery Indefinite Quantity (IDIQ) Naval Architecture and Marine Engineering contract with the U.S. Army Corps of Engineers (USACE) Marine Design Center (MDC).
Hamburg-based Hybrid Port Energy GmbH, has awarded a building contract to Shipbuilding and Machinery of Komárno, Slovakia to build the world’s first LNG Hybrid Barge to supply low-emission electrical power to cruise ships in port.
AWILCO LNG ASA say that their second 156,000 cbm Tri-Fuel Diesel Electric powered newbuilding 'WilPride', has been delivered from South Korea by Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) prior to the following business transactions:
Five shipbuilding companies have been listed to bid on the design and construction of the new BC Ferries ships, but only one Canadian company made the shortlist, as follows: The company explains that nine pre-qualified shipyards responded to a Request for Pre-Qualification
Another active week in the newbuilding market is reported in the latest Clarkson Hellas S&P Weekly Bulletin, as follows: Dry Bulk Carriers Starting with the larger sizes Hyundai Merchant Marine (HMM) are understood by Clarkson Hellas to have placed an order for two firm 210
Wärtsilä say they are to provide a full propulsion package for a new passenger ferry being built for the Germany based ferrry operator Reederei Cassen Eils GmbH at the Fr. Fassmer GmbH shipyard. The new ferry will operate between Cuxhaven and the island of Helgoland in Germany
United Arab Shipping Company (UASC) will expand its fleet with new super-efficient container vessels, prepared for “dual fuel” through a later LNG Fuel Gas Supply System (FGSS) retrofit after the delivery of the vessels. Through a technical cooperation with Japan Marine United
Wärtsilä said it will will provide a complete dual-fuel propulsion and LNG equipment package for a new passenger ferry being built for the Germany based Reederei Cassen Eils GmbH. The contract was signed in October 2013 with Fr. Fassmer GmbH