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. Alternatively Maverick is considering specialized deployment as the company has completed extensive engineering associated with various Höegh Galleon conversion alternatives including FSRU (Floating Storage Regas Unit) and FLNG (Floating Liquefaction of Natural Gas) options. The 87,000 cubic meter capacity Höegh Galleon was built in 1974 and was acquired by Höegh LNG in 1998 and rebuilt to high standard. The vessel operated under a long term time charter to Suez LNG North America until 2006 when Suez LNG North America ordered the vessel in lay-up and later terminated the charter originally valid until 2017 against a cancellation fee. Höegh LNG will continue to manage the vessel technically for an unspecified period of time. Höegh LNG is a fully integrated LNG transportation entity operating a fleet of six LNG carriers of which five are wholly or partly owned. The company took delivery of two new LNG carriers in 2006 and placed orders for two innovative Shuttle and Regasification Vessels (SRVs), with an option for a third.
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).
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
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.
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 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
Emissions regulations from 2015 onwards are driving shipowners to a crossroads on fuel selection. Ahead of Europort 2013, Rotterdam, Dutch interests are making significant waves in tangible investments in LNG as a fuel option. While there is not consensus on the potential of liquefied natural gas (LNG) as a marine fuel, the concept is gaining traction rapidly as using LNG reduces nitrogen oxide (NOx) and carbon dioxide (CO2) emissions from ships
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.
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. Pierre Besse, Director of Innovation, Bureau Veritas, says
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, industry, academic institutions and research organizations and is part of ABS' continued commitment to serving the growing marine and offshore industries in China.
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
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
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 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
Skangas announced that the first ever bunkering station for liquefied natural gas (LNG) in the Nordics is open and operating successfully. The new bunkering station fuels Fjord Line’s cruise ferries, which are the first - and largest - in the world to use "single fueled
GTT (Gaztransport & Technigaz), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced that its Mark III Flex technology was selected for a new Floating Storage & Regasification Unit (FSRU)
Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases
Teekay LNG signs charter contracts with BP for up to two LNG carrier newbuilds Teekay LNG Partners L.P. announced that it has entered into a 13-year time-charter contract with BP Shipping Limited (BP) for one liquefied natural gas (LNG) carrier newbuilding
The Gulf LNG Liquefaction Project proposed by Kinder Morgan and minority partners officially filed Friday for federal approval to add exporting capabilities to an existing liquefied natural gas (LNG) terminal. The $8 billion LNG export project near Pascagoula
As industry embraces gas, emissions regulations loom large and bunker logistics options develop, LNG’s fortunes nevertheless get a boost. For every gleeful consumer at the pump, and stockpiling tanker anchored offshore, there’s a corresponding trail of businesses that are
GTT receives order from Hyundai Heavy Industries for a FSRU addressed to Höegh LNG GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has announced a new order for a Floating Storage & Regasification Unit
Harvey Gulf continues growth despite industry downturn; new affiliate Harvey Shipyard Group acquires Gulf Coast Shipyard Group Harvey Gulf International Marine (HGIM) is launching a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets, the company announced today
China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m), according to a stock market statement. The Chinese yard noted the benefits of investing in Jiangxi Gas
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
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