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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


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

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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


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


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


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


QGTC Awarded Charters for Six LNG Carriers

Qatar Gas Transport Company Ltd. (Nakilat) announced that it has been awarded 25 year time charters by Qatar Liquefied Gas Company Limited (II), (QGII) for six 'QMax' LNG carriers of approximately 265,000 cubic meters carrying capacity each. These will be the largest LNG carriers ever constructed. According to AME Info, the ships will be ordered from Korean shipyards Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries


Iran Needs 40 LNG Carriers

National Iranian Tanker Co. (NITC) managing director said the country would produce over 80 million tons of LNG each year, and that 40 LNG carriers would be required, according to a report on www.tehrantimes.com. According to the report, the first cargo of Iran’s LNG would be shipped in 2011 and a 150 thousand cubic meter LNG carrier is needed to transport one million tons of liquefied natural gas.


LNG Carrier Cool-down by SLNG a First

Singapore LNG Corporation (SLNG) has performed its first vessel cool-down service, following an agreement signed with Malaysian shipping company MISC. This is the first agreement for vessel cool-down services that SLNG has entered into, and the first cool-down was performed on one of MISC's LNG ships, the Seri Bakti.  SLNG began commercial operations on May 7, 2013 and has since been providing throughput services for LNG ships transporting LNG in tanks under cryogenic temperatures


LNG Finalizes Acquisition of Bear Head LNG Project

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  Liquefied Natural Gas Limited today informed having finalised the acquisition of 100% of Bear Head LNG Corporation (BHLC). This follows the announcement to the ASX by LNGL on 28 July 2014 regarding the signing of an agreement to acquire BHLC from a subsidiary of Anadarko Petroleum


Gazprom, Sovcomflot Expand LNG Transport Cooperation

Gazprom and Sovcomflot named the new state-of-the-art 170,000m³ liquefied natural gas carrier (LNGC) Pskov, after one of the oldest Russian cities. The ship will be chartered to Gazprom Global LNG (GGLNG) under a long-term contract. The LNGC Pskov is the second vessel in a series of


Pskov Gas Carrier Construction Nears Completion

Photo courtesy of RS

On August 25, 2014, the naming ceremony for the Pskov high-tech liquefied natural gas (LNG) carrier was held at the South Korean shipyard STX Offshore & Shipbuilding. The ceremony was attended by Aleksander Medvedev, Deputy Chairman of the Gazprom Management Committee, Evgeniy Ambrosov


MN 100: Crowley

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9487 Regency Square Boulevard Jacksonville, FL 32225 Tel: (800) 276-9539 Email: corpcomm@crowley.com  Website: www.crowley.com Chairman & CEO: Thomas B. Crowley The Company: Crowley Maritime Corporation is a U.S.-owned and operated marine solutions


Kogas Talks to Offload up to 10 Autumn LNG Cargoes

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Korea Gas Corp. has approached long-term suppliers of liquefied natural gas (LNG) to defer up to 10 autumn cargos to winter, showing it is lumbered with excess supply and pulling out of spot markets, industry sources said. High stocks and weak demand prompted state-run Kogas


Wärtsilä Upgrades Fuel Gas Handling Solution

The upgraded Wärtsilä LNGPac system.

With LNG becoming increasingly viable and popular as a marine fuel, Wärtsilä continues to develop technical solutions that facilitate this trend. The latest Wärtsilä developments in this field involve an upgraded version of the Wärtsilä LNGPac


ABS Opens Office in Beijing

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ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government


Höegh LNG - Interim results for quarter ended 30 June 2014

  Höegh LNG reported USD 32.3 million in total income in the second quarter 2014, down from USD 42.7 million in the second quarter 2013. The decrease is mainly due to USD 16.2 million lower construction contract revenues. "We reached an important milestone when the complex FSRU


LNG Transport Barge Design Approved by ABS

Image: Bristol Harbor Group, Inc.

Conrad Shipyard, L.L.C. engaged Bristol Harbor Group, Inc. (BHGI) to develop a 3,000 cubic meter Liquefied Natural Gas (LNG) transport barge utilizing a Bristol Harbor Group proven hull design built by Conrad.  Bristol Harbor Group has been awarded an Approval in Principle (AIP) by the


German Shipyard FSG Re-organizes Top Management

Peter Sierk: Photo FSG

Flensburger Schiffbau-Gesellschaft (FSG) says it will be headed by a new management team from January 1st 2015, details as follows: Current Chief Technology Officer Frank Bywater will be joined by Markus Bartsch as new Chief Executive Officer


Mozambique: $30b Invested for 2018 LNG Export

More than $30 billion will be invested initially in Mozambique's natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with the first exports due to start in 2018, the national oil company said.


LNG America Selects Topside Designer for LNG Bunker Barge

Image: LNG America

LNG America has selected Taylor-Wharton to commence the front-end engineering and design work for the cryogenic topside of the company’s 3,000 cubic meter Gemini Class LNG bunker barge scheduled for delivery at the end of 2015. “Taylor-Wharton has been actively engaged in the


Lithuania Inks First Statoil LNG Deal

Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed its first liquefied natural gas purchase deal with Norway's Statoil on Thursday


Doosan Delivers a ‘World’s First’ to NASSCO

The MAN B&W 8L70ME-GI engine pictured at Doosan’s Changwon works in Korea (courtesy Doosan Engine)

Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA. The new engine is capable of operation on LNG and/or bunker C oil and will power the first of two 3


Liquiline to Construct Denmark's First LNG Bunker Terminal

Port of Hirtshals scene: Photo Liquilline

Liquiline says it has entered into a contract with Fjord Line to design, construct and commission an LNG ship bunkering terminal for Fjord Line AS at the Port of Hirtshals, Denmark. The terminal will be constructed at the Port of Hirtshals






 
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