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Q-Max Lng

Selling the World's Priciest Ship...

The Zarga.jpg

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.  


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.


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


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


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


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


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


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


Singapore’s MPA Discuss LNG Bunkering

LNG Bunkering

  The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG) bunkering focus group discussion on 14 and 17 October, held in conjunction with the Singapore International Bunkering Conference


Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts. The 26 percent price slide since June to $85 a barrel exposes cracks in


FortisBC Starts Expansion of Tilbury LNG Facility

Expansion of Tilbury LNG Facility

  FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.1 million gigajoules of liquefied natural gas (LNG) to storage and 34,000 gigajoules per day of liquefaction capacity


VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine – Crowley Team

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered, combination Container Roll-On/Roll-Off (ConRo) vessels for Crowley following the signing of the contract


Kalleklev to Head DNV GL's SE Asia Oil & Gas

Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia

  Energy demand in South East Asia is expected to grow at twice the rate of the rest of the world. DNV GL has appointed Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia just as the company is establishing a dedicated LNG and Gas Consulting unit in Singapore


SHIPPINGInsight 2014 Wraps in Stamford

Photo courtesy of SHIPPINGInsight

Three days of speakers, panels, roundtable discussions, exhibits and networking events More than 150 shipping industry professionals from around the world gathered this month in Stamford, Conn., for SHIPPINGInsight 2014 – a technical and ship operations forum for the maritime industry in


DNV GL Forms Americas LNG Solutions Group

Bjørn-Harald Bangstein

To meet the rapidly growing demand for a wide variety of LNG related services, DNV GL has established a group of LNG experts in North America. In addition to deep LNG expertise, the Houston-based “LNG Solutions Group - Americas” is also experienced in all business


Barging Right into LNG

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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


BG Group wins EXXON LNG Cargo

ExxonMobil's Papua New Guinea liquefied natural gas (LNG) export project has awarded a November cargo to BG Group as part of a two-cargo tender that closed this week, two traders said. The tender award has not been officially announced yet


GTT Receives Order from HHI for Two LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG) confirmed an order for two large LNGCs Liquefied Natural Gas Carriers (LNGCs), which are in the third quarter 2014 order book


KBR, Daewoo win Eni FLNG FEED

KBR-Daewoo-Consortium Wins FLNG FEED Deal

  KBR Inc. announced today that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd, has been awarded a front end engineering design (FEED) contract by Eni East Africa SpA for a floating liquefied natural gas (FLNG) facility for the Coral South


World’s 1st LNG Hybrid Barge Christened "Hummel"

Dr. Monika Griefahn christens world’s first LNG Hybrid Barge in Hamburg

  The world’s first LNG hybrid barge of Becker Marine Systems was christened with the name "Hummel" on October 18, 2014, at Grasbrook Quay in HafenCity Hamburg. The godmother of the inaugural event for the floating LNG power plant for environmentally friendly energy supply of


KOTUG’s Hybrid Rotortug Arrives in Rotterdam

RT Evolution

RT Evolution, KOTUG’s new hybrid Rotortug, has arrived in the Port of Rotterdam on Saturday, Oct. 18. In the coming weeks, Damen Shipyards Group will complete the final outfitting and testing of this next generation Robert Allan design: the ART 80-32 Hybrid.


LNG America, Buffalo Marine to Design LNG Bunker Fuel Network

Image: LNG America

LNG America announced it has entered an agreement with Buffalo Marine Service, Inc. (Buffalo Marine) to cooperate on the design of an LNG bunker fuel network for the U. S. Gulf Coast region. LNG America is developing a hub-and-spoke delivery system for LNG as fuel for the marine market and


New Standard for LNG Cargo Containment Systems

Ti Group provided the insulation systems for six Sayaendo-design 150,000 cubic meter capacity LNG carriers under construction at Mitsubishi Heavy Industries in Japan for NYK/MOL and K-Line.

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.  WTS subsidiary company Ti Group completed the test on the LNG carrier Seishu Maru






 
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