Online ship intelligence and information service VesselValue.com has launched a series highlighting the world's most expensive active vessels, and this week focuses on the costliest of all: QMAX liquefied natural gas (LNG) carrier Zarga, which prices in at a whopping $221.8 million. According to VesselValue, Zarga’s sticker price is equal to 1.5 of Real Madrid footballer Gareth Bale’s $145 million transfer fee, 13 12-carat Pink Diamonds at a value of $17 million each, or 49 Lamborghini Veneno Roadsters which cost $4.5 million apiece. We did our own math to calculate the quantity of other items that could be purchased for the price of The Zarga. Olympic size swimming pool ($1 million): 221.8 64GB iPhone 5s ($399): 555,889 German Shepherd puppy ($1,100): 201,636 Lego Maersk Line Triple-E toy ship ($149): 1,488,590 Name a star on the International Star Registry ($54): 4,107,407 The Zarga, built in 2010 by Samsung and owned by Qatar Gas Transport Company, has a capacity of 266,433 CBM and is over 340 meters long, making it one of the largest LNG carriers in the world.
Qatar Gas transport Company (Nakilat) has placed order for another Q-Max LNG carrier, the largest liquefied natural gas tanker in operation, according to a report on www.gulf-times.com. Nakilat signed the shipbuilding contract for Q-Max, with a capacity of 265,000 metric tonnes, with Samsung Heavy Industries, South Korea. With the vessel joining Nakilat service, the company will have a fleet strength will rise to 17. A Q-Max vessel costs about $300mn.
The Russian government may cancel export duties on liquefied natural gas (LNG) following a request from Gazprom, says an RIA Novosti report. The gas giant plans to build two LNG plants near the giant offshore Shtokman gas field and in East Siberia for export to the U.S. market. The move is being discussed by a government committee and is set to be put to Prime Minister Mikhail Fradkov for approval. Both Russia and the U.S. view LNG as the centerpiece of their energy dialogue. U.S
Qatar Gas Transport Company (Nakilat) is investing $11.5b in its bid to become the largest owner of LNG/LPG tankers fleet by the end of the decade. The plan is to acquire 60 ships by 2010 to ferry liquefied natural gas and liquefied petroleum gas worldwide, Nakilat vice-chairman Faisal M Al-Suwaidi is quoted to have said in a report in the Gulf Times. While 46 tankers are meant for LNG transportation, the rest will be used for liquefied petroleum gas supply
Qatargas has named the first two Q-Flex LNG vessels - Al Ruwais and Al Safliya - at a ceremony held at Daewoo Shipbuilding & Marine Engineering Ltd. (DSME) ship building yard in Geoje Island. The ceremony which was presided over by His Excellency Abdullah Bin Hamad Al-Attiyah, Deputy Prime Minister and the Minister of Energy and Industry and Mr. Neil Duffin, President of ExxonMobil Development Co. officially named the two ships which are the first of 45 large LNG ships to be delivered for
A raft of new and innovative concepts for LNG barge missions hits the market, in North America and across the pond, as well. Industry gears up for the soon-to-come need for bunkering, infrastructure and LNG-related logistics. In 2014, innovation – as it turns out – means new ideas for the (previously) boring subject of marine barges. It also means LNG. Paired together, LNG and barges are giving naval architects
Concordia Maritime of the Stena Group has again taken the industry lead announcing firm contracts for four (with two options) for an innovative new series of 49,900 dwt tankers dubbed P-MAX. Croatia’s Brodosplit Shipyard was tapped for the job, with delivery of the first ship scheduled for 2005.. The P-MAX is an extension of the creative Stena MAX concept, which was the development of an advanced class of tankers with features to ensure safe operation in the world’s most sensitive waters.
Concordia Maritime AB (publ), an international tanker shipping company, announced its interim report. Highlights include: • Net sales: USD 50.55 million • Profit after tax: USD 7.20 million • Profit per share after tax: USD .150 • EBITDA of USD 18.1 (9.2) million • Forecast for 2008 unchanged: A profit before tax of USD 9.03 million Concordia Maritime has ordered ten tankers, which are being built in accordance with the MAX concept
Lloyd's Register, the world leader in the classification of LNG carriers, has published a new guidance document for the design of membrane-technology liquid natural gas containment systems. The document is aimed at improving design procedures with respect to sloshing forces, and is the result of a long program of research and development, including extensive consultation with industry, and an investment of over $1,1m
Yamaha VMAX SHO® outboard engines recognized by Consumers Digest as a 'Best Buy' Three Yamaha four-stroke outboards, the Yamaha V MAX SHO® VF200, the Yamaha V MAX SHO® VF225 and the Yamaha V MAX SHO® VF250 have been awarded a Consumers Digest Best Buy rating. “The V MAX SHO® family incorporates plasma-fusion technology that allows them to be particularly efficient, powerful and light.”In determining the ratings
Oslo-based Höegh LNG said it has signed an Floating Storage and Regasification Unit (FSRU)contract with Chilean Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile.
Construction begins on Crowley’s second Commitment Class, LNG-powered ConRo ship for use in the Puerto Rico trade Shipbuilder VT Halter Marine, Inc. has officially started the construction of Taíno, the second of two liquefied natural gas (LNG)-powered
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development of the LNG storage and regasification facility, a part of the Ghana 1000 Gas to Power Project and Africa’s first LNG import
Belgian gas infrastructure operator Fluxys said on Thursday it was launching a market consultation to assess demand for additional capacity at the Zeebrugge liquefied natural gas terminal in Belgium. "Fluxys LNG is considering to extend the Zeebrugge terminal as and when the market
As of 1 June 2015 the port of Antwerp will grant a discount to seagoing ships that use alternative technology to reduce emissions of particulates. The new discount comes on top of the existing ESI discount, which means that in some cases ships can benefit from a 30% reduction in the port
Indian prime minister Narendra Modi visited Korean shipbuilder Hyundai Heavy Industries (HHI), seeking increased partnership between the India’s shipbuilding industry and HHI. HHI is reportedly the only Korean company the prime minister visits during his two-day stay in the country
Smit Lamnalco takes delivery of last Sanmar LNG proof tug of five-vessel series Towage and marine services provider Smit Lamnalco has taken delivery of the SL Wiggins Island, the fifth and final tug purpose-built at Sanmar Shipyard in Turkey
Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying. This would be the first LNG deal between the world's two biggest energy users
Liquefied Natural Gas Limited announced the placement of 40 million fully paid ordinary shares in the capital of LNGL, which has raised A$174 million before costs (Placement). Use of Proceeds The proceeds of the Placement will be used towards:
Swiss trader Trafigura has taken up to six liquefied natural gas (LNG) vessels from Norwegian shipping company Golar LNG, likely on a single-voyage basis to transport cargoes, trading and shipping sources said. The vessels are to be put at Trafigura's disposal from now through August or
B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia's Petronas, for a liquefied natural gas development on the province's northwest coast. Hailed as “the largest capital investment in B.C
India’s largest importer of the chilled gas Petronet LNG has appointed Kapil Dev Tripathi, Secretary, Ministry of Petroleum and Natural gas as Chairman and Director on the Board of the company. The appointment follows the former Chairman and Director of the company Board
GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, says Reuters and local media reports.
Australia could develop the world’s most technologically advanced LNG industry, according to a report by Accenture. But if industry is to reach its potential and maximise its contribution to the national economy, it must first overcome some significant hurdles.
China's biggest oil and gas company China National Petroleum Corp.(CNPC ) has expressed interested in a terminal in Kyaukphyu in Myanmar to receive imported Liquefied natural gas (LNG). China National Petroleum Corporation has proposed developing a terminal in Kyaukphyu