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Lng Transportation

Evergas Orders Four Ethylene Vessels

Pic: Evergas

 Copenhagen-headquartered gas tanker carrier Evergas has just ordered four ethylene/ethane newbuildings, with an option for two more.    The contract for the four newbuildings, each sized 32,000 cu m, has also been signed by Hong Kong engineering company JHW Engineering & Contracting. Despite having dimensions similar to previous vessels, the new vessels have a bigger capacity.   Evergas said it expects to start taking delivery of the carriers from the first quarter of 2018. The dual-fuelled vessels which will use LNG to power their engines “will release the LNG transportation capacity of the existing Dragon series of LNG carriers,” according to Evergas.   The INEOS MAX 32,000M3 liquefied ethane/ethylene carriers are expected to carry a range of innovative features specifically tailored for safe, environmentally friendly and efficient operations.   The cargo capacity has been increased more than 10% by optimizing the design of cargo tanks as well as layout of ship, without changing the main dimensions compared to the latest designs of 27,500 M3 class gas carriers.    The dual fuel propulsion flexibility including LNG and ethane and the optimized ECO hull design will significantly reduce emissions, and the ballast water treatment system will protect the sea water environment. To document the green vessel profile the vessels will receive Clean ship notation, Green Passport, EEDI phase III compliance, etc.


Hudong-Zhonghua to Build LNG Carriers for PNG, Gorgon Jansz

Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in China.  These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS).  


Höegh LNG to Sell LNG Carrier

Höegh LNG has agreed to sell its LNG carrier Höegh Galleon to Maverick LNG Holdings Ltd on private terms. The Vessel is scheduled to be delivered to its new owner between July and October 2007. In the meantime the vessel is available for employment. The buyer intends to use the vessel as temporary LNG storage associated with their LNG transshipment and storage projects, including prospective power generation development


Wärtsilä to Provide TMA for Golar Fleet

Golar LNG vessel Photo by Golar

  Wärtsilä signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG - one of the largest independent owners and operators of liquefied natural gas (LNG) carriers in the world. The service agreement includes remote monitoring of engines, maintenance planning, advisory services, and guaranteed availability of personnel as well as spare parts. Golar LNG operates a fleet of 13 vessels


Sinotrans Pacts for Five Yamal LNG Tankers

Pic: Sinotrans Shipping

 Chinese shipping major Sinotrans has signed with Greek shipowner Dynagas and China LNG Shipping (CLNG) for the joint purchase of five Arctic-class LNG carriers from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).   The agreement is structured as five separate joint ventures between the parties; each venture includes membership in the shipbuilding contract and in a 25-year time charter of the vessel to Yamal LNG


FSP LNG Containment System Construction To Begin Soon

Chairman Zhang Mi

  The joint venture group FSP LNG BV stated that it is taking the FSP LNG Flat Panel Semi-membrane Prismatic Type B containment system through General Design Approval (GDA) with the American Bureau of Shipping in Houston, and is projecting that construction of the first tank will begin at the end of this year.   Formed earlier this year to take the FSP LNG containment system through the general approval process, the group comprises Braemar Engineering


Wärtsilä: Integrated LNG Terminal-Power Plant Concept

Illustration of small-scale LNG terminal with adjacent gas power plant (copyright: Wärtsilä)

Over the past couple of decades, natural gas (NG) has become a fuel of choice for power generation. One way of increasing the availability of NG is through the use of liquefied natural gas (LNG). Global LNG trade is expected to grow by 30% in the coming few years. In connection to LNG production growth, receiving and re-gasification capacity must grow as well.   A substantial part of this growth will come from the development of small-mid scale LNG receiving and re-gas terminals


Wärtsilä Land & Sea Academy Opens a New Training Center

Wärtsilä Land & Sea Academy (WLSA) today opened a new training center in Turku, Finland. This is one step for WLSA in its development program of opening three Academies for global coverage of training and competence management services to the personnel of ship owners and power plant owners. A new training centre was opened at Subic Bay in the Philippines in November 2005 and the third is located in Fort Lauderdale, USA


BV to Class LNG Carrier

International classification society Bureau Veritas has been chosen to class the 153,500 cu m LNG carrier ordered by Gaz de France from Chantiers de l'Atlantique this week. This is the largest ever LNG carrier and is due for delivery in 2005. The order includes an option for a second vessel. BV helped develop the concepts for the vessels, and developed unique new rules to allow the yard and owners to break new technological frontiers.


Bureau Veritas Sharpens Ice Tools

International classification society Bureau Veritas has responded to demand for safe LNG transportation in the Arctic regions by developing new high-level tools to assess cargo sloshing in ice conditions. It has also developed a cutting-edge probabilistic method for assessing ice loads on structure which will reduce the time and data needed to assess the structure of vessels and units designed for heavy ice operation.


NLNG Adds New Vessels

Image: Nigeria Liquefied Natural Gas Limited

 The Nigeria Liquefied Natural Gas Limited (NLNG) will this month receive the last of the six new vessels it bought for the transportation of liquefied natural gas (LNG) to various parts of the world, says a report in The Nation.  


COSCO Launches World's Largest Oil Tanker Fleet

Image: COSCO Shipping Energy Transportation

 China's largest shipping company by fleet size China COSCO Shipping Co has officially launched COSCO Shipping Energy Transportation Co in Shanghai on Monday, creating the world's largest oil tanker fleet in terms of both ship numbers and deadweight tonnage, says a report in China.org.cn.


EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday. The official said Egypt would consider importing a further 10 cargoes of LNG


Awilco LNG Reports Loss

Photo: Awilco LNG

 Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year.    The pure play LNG transportation provider  said that an oversupply of shipping in the carrier market


US LNG Shipments Point to Global Gas Price Convergence

Image by East-West Center

 The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says.  


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


UASC, Qatargas and Shell Join to Push LNG as Marine Fuel

Qatargas CEO Khalid bin Khalifa Al Thani (fifth left), United Arab Shipping Company CEO Jorn Hinge (fourth left), and Managing Director and Chairman of Qatar Shell Companies, Michiel Kool (sixth left) along with other officials after the signing ceremony. Photo: Qatargas

 Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region.    This is the second such agreement signed by Qatargas and Shell in as many months and establishes


GTT, AG&P to Tap Smaller Scale Modular LNG Market

GTT, (Gaztransport & Technigaz), an engineering company specialized in the design of membrane containment systems for the transportation and storage of liquefied gases, has signed a Technical Assistance and License Agreement (TALA) with AG&P (Atlantic, Gulf and Pacific Company)


Australia's first LNG-powered Support Vessel by 2017

Courtesy Woodside

Woodside today signed a five-year charter contract with Norwegian company Siem Offshore Australia Pty Ltd — an agreement that delivers Australia its first LNG-powered marine support vessel in 2017. Woodside Chief Operations Officer Mike Utsler said the announcement positioned the company


GTT Participates in LNG18, Perth

lng 18-logo

 GTT (Gaztransport & Technigaz) engineering company specialized in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces its participation to the exhibition LNG 18, organized in Perth, Australia


BIMCO, GIIGNL issue Voyage Charter for LNG Trade

Photo Courtesy  GIIGNL

BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party – LNGVOY - designed for the expanding LNG spot market. During the development process, BIMCO and GIIGNL consulted with the industry globally to


Dynagas Partners inks long-term deals for two LNG Vessels

Courtesy Dynagas Partners

Dynagas LNG Partners LP enters into new long-term time charter agreements for two of its LNG carriers and maintains current level of cash distribution following its latest drop down from its Sponsor Monaco – March 31, 2016 –Dynagas LNG Partners LP


Charters of Tsakos Tankers Extended

Image: Tsakos Energy Navigation

 Tsakos Energy Navigation (TEN) announced charter extensions with a state oil company with profit sharing provisions for four panamax tankers, with an average duration of 22 months per vessel and minimum gross revenues of $65 million.  


Novatek CEO: Sanctions Hurt Yamal LNG, Upbeat on Plans

International sanctions have undermined the ability of Russia's Yamal LNG project to raise necessary funds but it will be launched as scheduled, Leonid Mikhelson, head of the plant's main shareholder, said in a televised interview on Tuesday.  


GasLog Appoints Bruno Larsen to Head FSRU

Photo: GasLog Ltd

GasLog Ltd has appointed Bruno Larsen as head of floating storage and regasification unit (FSRU) development.    Larsen has previous experience in both the LNG and FSRU sectors, and will take the lead in the company’s commercial FSRU activities






 
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