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Q-Max Lng

Samsung Records LNG Order

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. In addition to the fully-owned 17 LNG carriers, Nakilat holds stakes between 30% and 60% in another 28 LNG carriers either delivered or on order to service various Qatari LNG projects. The ship will be powered by twin, slow speed diesel engines and will have full-scale on-board re-liquefaction plants which maximize LNG deliveries. The modification of existing shore side technology to onboard use allow the vessels to use more efficient slow speed diesel engines and depart from the traditional, less efficient, steam turbine. Nakilat was formed in June 2004 and is a joint stock company owned 50% by its founding shareholders and 50% by the public as a result of an IPO issued early 2005. In addition to owning LNG tankers, DSM-listed Nakilat is involved in a number of other marine related ventures in Qatar. (Source: www.gulf-times.com)


Nakilat to Invest $11.5b in Fleet Expansion

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


Concordia Leads Tanker Innovation

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.


Russian Government to Cancel LNG Export Duties

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


Qatargas Names its Q-flex Ships

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


New Sloshing Guidelines for LNG Cargo

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


Concordia Maritime Invests in more Tankers

Concordia Maritime has exercised existing options and placed an order with the Brodosplit shipyard in Croatia for a further two vessels in the P-MAX series, thus extending the series to ten units. Concordia Maritime has invested a total of more than SEK 3.5 billion in its new fleet, which currently consists of ten P-MAX tankers and two Panamax tankers. The two vessels now ordered are expected to be delivered in 2010.


Concordia Orders New P-MAX Tankers

Concordia has now exercised its option at Brodosplit Shipyard in Split, Croatia, to order a further two Stena P-MAX product tankers at a predetermined price. This means that Concordia now has six vessels on order at the shipyard for delivery in 2005-2006. Superior economy, safety and environmental friendliness The vessels, called Stena P-MAX, are conceptually similar to the two V- MAX tankers utilised by Concordia to transport oil from West Africa to


Concordia Maritime;s Interim Report

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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


Yamaha Outboards Recognized as Best Buy

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


Teekay Announces Public Offering

Teekay LNG Partners L.P. has announced  that it has agreed to sell 2,800,000 common units, which represent limited partner interests, in a public offering. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 420,000 common units


Port of Antwerp to Set Up LNG Bunkering

Antwerp Port_bunkering LNG_trucktoship

  It would be possible for barges to fill up with LNG at a permanent bunkering station in the port of Antwerp by the beginning of 2016. Truck-to-ship bunkering is already possible, but by setting up a bunkering station the port of Antwerp aims to make LNG permanently available.


Bureau Veritas Kick-starts LNG Bunkering

Jean-Francois Segretain

International classification society Bureau Veritas has published a comprehensive set of guidelines on LNG Bunkering, with the aim of speeding adoption of LNG as a ship’s fuel by kick-starting the LNG bunker chain. Jean-Francois Segretain, Technical Director, Marine and Offshore Division


EXXONMOBIL Files Export Application for Alaska LNG Project

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  In another important step forward for the Alaska LNG project, an application to export liquefied natural gas (LNG) was submitted to the U.S. Department of Energy by EXXONMobil. The export application requests authorization to export up to 20 million metric tons per year of LNG for a


MOL China Shipping J/V Orders NSR LNG Carriers

LNG Carrier: Rendering MOL

Mitsui O.S.K. Lines (MOL) says its joint venture with China Shipping (Group) Company has signed shipbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) in Korea to build three ice class LNG carriers for the [Russian] Yamal LNG project.


MOL to Launch Arctic Ocean LNG Route

MOL Arctic.jpg

Japan's Mitsui OSK Lines Ltd (MOL) said on Wednesday that it will start transporting liquefied natural gas (LNG) through the Arctic Ocean in 2018 using icebreaker LNG tankers. MOL, with its joint venture partner China Shipping, has ordered three icebreaker LNG carriers from South Korea's Daewoo


Amaroo Cruises Takes Catamaran Delivery

Photo: Imagery Motion Works

Incat Crowther today announced the launch of Amaroo, a 24-meter Catamaran Whale Watching vessel for Amaroo Cruises of Forster, New South Wales, who recently celebrated 35 years in operation. Built by Aluminium Marine in Queensland, Amaroo is the third Incat Crowther-designed vessel for the operator


New GTT Training Center Awards First Certificates

Photo courtesy of GTT

GTT launches its training center by welcoming delegates for the first course Gaztransport & Technigaz (GTT) announced that its new training center awarded certificates to the first group of delegates to complete a LNG Cargo Operations (SIGTTO management Level) training course.


3 Cargo Tenders for Australia's NWS LNG Project

Australia's North West Shelf liquefied natural gas (LNG) export plant is expected to soon launch a tender to sell three cargoes loading in September, shipping and trading sources with knowledge of the matter said. The project's stakeholders expect a September-loading tender to be issued


LR to Support LNG Bunkering in Portsmouth

Aerial view of Portsmouth and ferry terminals (Photo: LR)

Lloyd’s Register (LR) is working with British port to develop operational procedures and technical standards required for safe LNG bunkering operations. LR has commenced a project to identify the technical specifications and develop operating procedures for safe LNG bunkering in


HHI to Build Two LNGCs for GasLog

Gaztransport & Technigaz (GTT) announced the notification of two Liquefied Natural Gas Carriers (LNGCs) which will be built by the Korean shipbuilder Hyundai Heavy Industries (HHI).  GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from the shipbuilder


FERC Accepts Kinder Morgan's Application

Proposed  Magnolia LNG Project

Liquefied Natural Gas Limited (LNGL) informs that the US   Federal Energy Regulatory Commission (FERC) has accepted Kinder Morgan  Louisiana Pipeline LLC’s (KMLP) application pursuant&


Global Ocean Trade: Latest Shipbuilding Orders

Shipyard scene: File photo

A relatively steady week in the newbuilding market in terms of volume of ordering remarks Clarkson Hellas in their latest S&P Weekly Bulletin, most for LNG carriers. Dry bulk carriers In Dry, Sungdong Shipbuilding have signed contracts with Teh-Hu (Hong Kong) for one firm plus one option 180


LR to Class BC Ferries' LNG-fueled Newbuilds

Photo courtesy of BC Ferries

BC Ferries has awarded Remontowa Shipbuilding S.A. of Gdansk, Poland contracts totaling $165 million to build three new Intermediate Class LNG-fueled passenger ferries, to be classed by Lloyd’s Register (LR). The new intermediate class vessels will be the first vessels in BC


Shell suspends work on Canadian gas for transport facility

Royal Dutch Shell has suspended development of a liquefaction unit at Canada's Jumping Pound facility, which was to be used to develop the emerging gas for transport market. Gas liquefaction is increasingly being produced for use in transportation of large road vehicles, in trains






 
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