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Lng Transport

LNG Company To Be Listed

Norwegian shipping magnate John Fredriksen's Liquefied Natural Gas (LNG) transport company Golar LNG said on Friday it raised $280 million in a private placement and planned to list in Oslo and later this year in New York. The company, which will become the first pure LNG transport company to be listed, said it had issued 56 million shares at $5 each in the placement and that Fredriksen had taken a 50 percent stake in the firm. "We sold 140 (million dollars worth) externally and John took 140 (million dollars worth)," Golar LNG director Tor Olav Troim said. Oslo investment banks Fearnleys and Orkla managed the placement of the 28 million shares with private investors. "Golar LNG will be traded OTC (over-the-counter) in about a week and will go to the Oslo stock exchange in about three weeks time," Fearnleys partner Harald Moreus Hanssen said. "The company has stated a clear intention to follow up with a New York listing this autumn," he added. "They plan to have two very active listings with full liquidity. The proceeds of the IPO will be used to buy the LNG shipping assets of one of John Fredriksen's existing tanker companies, Osprey Maritime. Osprey Maritime owns six highly prized tankers for transporting LNG -- natural gas which is deep frozen until it liquefies at a tiny fraction of its gaseous volume for shipping to terminals where it is re-gasified.


Fredriksen, BG Group Close to Settlement

The world's top shipping magnate John Fredriksen is close to solving a dispute with British utility BG Group and could soon see increased earnings for four of his ships, shipping sources said. "Their differences have been resolved and they've reached an agreement, but that still hasn't been finalized," said an LNG industry source. The dispute first became public last month when Norwegian Golar LNG, in which Fredriksen has a half share


India to Build Own LNG Fleet

Despite some delays, the Indian shipping industry appears to be finally gearing up to develop an LNG (liquefied natural gas) fleet. With India emerging as a major importer of the gas, even the Ministry of Shipping has asked Indian ship-owners in no uncertain terms to take the initiative to develop an LNG fleet, according to a report on - www.thehindubusinessline.com It is estimated that by 2012 India's LNG imports will almost equal Japan's current LNG imports of 60 million tons per annum


Aker Arctic WinsShuttle Tanker Contract

Aker Arctic Technology of Finland and the St. Petersburg based FSUE Admiralty shipyards signed a contract for a license and design including classification package of two 70,000 dwt double-acting Arctic shuttle tankers, which the yard is building for ZAO Sevmorneftegaz for the Prirazlomnoye oil field in the Arctic Ocean. The ships are the largest tankers so far built by the yard and will be delivered towards the end of 2007 and respectively 2008.


N-KOM Drydock Receive First Qatargas Vessel

N-KOM DRYDOCK RECEIVE FIRST QATARGAS VESSEL.bmp

Nakilat-Keppel Offshore & Marine (N-KOM) has received the first Qatargas-chartered vessel “Al Wakrah” to dry dock at the Erhama Bin Jaber Al Jalahma Shipyard, Qatar’s new, world-class offshore and marine hub at the Port of Ras Laffan. “Al Wakrah”, which is owned by a Japanese consortium led by Mitsui O.S.K. Lines, Ltd. (MOL) and managed by MOL LNG Transport Co., Ltd. (MOLLNG), will undergo general maintenance works such as main and generator turbine


MHI Completes Development of "Sayaringo STaGE"

[Sayaringo STaGE a next-generation LNG carrier]

  Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Sayaringo STaGE," a next-generation LNG (liquefied natural gas) carrier. The Sayaringo STaGE was developed as a successor to the "Sayaendo1," the company's highly acclaimed LNG carrier evolved from carriers with Moss-type2 spherical tanks that offer a high level of reliability. The adoption of apple-shaped tanks (ringo being the Japanese word for "apple") has enabled a near 16%


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


Feature: Guiding the Gas

By Larry Pearson Many workboats in the marine industry are called upon in supply or assist roles. The entire offshore vessel industry is based on a supply function to oil and gas drilling operations or the resupply of production platforms. The tugboat industry is most often characterized as small vessels assisting very large ships in docking, undocking and other harbor movements. The growth of these vessel companies and their operations depends on the economic vitality of the larger


E.ON, Mitsui Ink LNG Transport Deal

E.ON has struck a deal with Japanese shipping group Mitsui OSK Lines LTD (MOL) to transport liquefied natural gas from the United States, the German utility said in a statement on Thursday. Running over 20 years, the shipping agreement includes capacity of up to two LNG vessels transporting about 800,000 tonnes of LNG from U.S. Gulf projects per year, including the planned terminal near Freeport, Texas, E.ON said.


Solving the LNG Propulsion Puzzle

GTT’s membrane technology is Class certified by all major regulatory agencies and has been in service since 1967, encompassing over 300 LNG ships to date.

The last piece of the LNG infrastructure puzzle, in the form of North America’s first LNG bunker barge, falls into place at Conrad’s Orange, Texas Shipyard. With continued debate over new emissions standards and compliance dates hanging over the heads of operators in the Emission Compliance Zones like the Sword of Damocles, WesPac Midstream LLC, a provider of liquefied natural gas solutions, and its affiliate Clean Marine Energy


GasLog Partners To Buy Three Vessels

Methane Shirley Elisabeth

  GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that own and charter the liquefied natural gas (“LNG”) carriers the Methane Alison Victoria


Port Gothenburg Offering LNG

Image: Port of Gothenburg

 Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport Agency.  


Litgas, Statoil JV to Develop Baltic Sea LNG

Photo: LITGAS

 Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on July 2nd in Vilnius


Teekay LNG Partners Declares Distribution

Logo

  Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14, 2015 to all unitholders of record as at July 14, 2015.


Gasum, Anthony Veder Pact for a New LNG Carrier

Artist impression of Anthony Veder’s 18,000 cbm Ice Class 1A Super. Pic:  Anthony Veder

 Finnish natural gas importer Gasum and Dutch gas tanker ship-owner Anthony Veder have signed an agreement for a long term time charter of a new ICE Class 1A Super LNG carrier.    The companies have agreed on a long term timecharter for a state of the art 18,000 cbm LNG carrier


BAM Completes LNG Terminal in Aqaba, Jordan

The Aqaba New Liquefied Natural Gas (LNG) Terminal by BAM International. Pic by Aqaba Development Corporation (ADC).

 BAM International has completed its €65 million project to construct the Aqaba LNG terminal for Aqaba Development Corp. (ADC).    The operating company of Royal BAM Group handed over the project on 23 June, two months ahead of schedule.  


Global LNG Prices Hold, Supported by Middle East Demand

Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger European demand after production cuts at the region's largest gas field.  


US Backs Study into Panama Canal LNG Terminal

The U.S. Trade and Development Agency informs it has awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal.   The Panama Canal is expected to handle significant LNG tanker traffic upon completion of the canal expansion


Panama Canal Plans LNG Terminal

USTDA is supporting a study on an LNG Terminal with the Panama Canal Authority.  Photo Credit: USTDA

 The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal.   The ACP has been awarded a US Trade and Development Agency grant to help fund a feasibility study for the project


Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu

Image: Sabine Pass LNG terminal

 Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.   Sources told Platts that the maiden trade was completed at $7


ICS: U.S. Approach to LNG 'Protectionist'

The International Chamber of Shipping Represents the Worlds shipowners at IMO Photo ICS

According to the Internatinal Chamber of Shipping, the United States Congress signaled last week its intention to approve major free trade deals with Asia and Europe. ICS voices serious concern about the potentially protectionist approach being taken by the U.S


Tanker Converted to LNG-electric Propulsion

Photo: Bergen Tankers

Bergen Tankers’ 95-meter-long chemical and product tanker Bergen Viking has returned to service following its conversion from diesel-electric to liquefied natural gas (LNG)-electric propulsion.    Delivered in 2007, the Rolls-Royce powered vessel supplies diesel and petrol along


FLEX Acquires LNG Assets from EXMAR

Image: EXMAR LNG

 Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd.   Belgian liquefied natural gas (LNG) carrier owner and operator Exmar and Geveran


GTT Records Order for 2 LNG Tankers

GTT receives a new order from Hyundai Samho Heavy Industries for two LNGCs for Teekay   GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received a new order for two LNG carriers (LNGCs) to be built


Golar Moves Ahead with lucrative FLNG Project in Cameroon

Golar has four operational FSRU projects.

  Golar LNG Limited inform that with regards the signing of a Heads of Agreement with Societe Nationale de Hydrocarbures ("SNH") and Perenco Cameroon ("Perenco") for the development of a floating liquefied natural gas export project in Cameroon that took place on 24






 
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