Statoil Orders LNG Carrier for Snoehvit

Wednesday, December 12, 2001
Leif Hoegh and Mitsui O.S.K. Lines, have entered an agreement with Mitsubishi Heavy Industries, Ltd., for the construction of a 145,000 cubic meter LNG carrier. An agreement was also made with Statoil on behalf of the Snoehvit field partners (excluding TotalfinaElf and Gaz de France) for the chartering of the vessel for 20 years plus two 5- year options. The vessel specification is high both for operation in North Atlantic waters and to meet strict safety and environmental requirements. Upon its delivery in 2005, the vessel, which will be built based on the Moss Rosenberg spherical tank design, will be the largest ever built and have a delivery cost at approximately $190 million The vessel will primarily be employed for the transportation of LNG under gas sales agreements entered into with El Paso in the U.S. and Iberdrola in Spain. The vessel is expected to be operated by Leif Hoegh Ltd., and as the bareboat charter it will be financed through a U.K. lease. Statoil will take an owning interest in the joint venture company.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Offshore

Fratelli Neri Orders Damen Tug

One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015.   The vessel will be the first ASD tug

NOIA Applauds Senate Passage of OPENS Act

NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new

Shell Moves Ahead in Arctic with Exploratory Well

Shell Oil's icebreaker MSV Fennica weaved through nine remaining protesters hanging from the St. Johns Bridge and made its way toward the Pacific Ocean.   Authorities

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1161 sec (9 req/sec)