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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

Russia, France Close to Deal on Mistrals

Russia and France are close to reaching an agreement for Paris to cancel a frozen contract on the sale of Mistral helicopter carriers and reimburse Moscow, a Russian

Offshore

Falklands' Oil Drilling at Isobel Deep Suspended

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair
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: 0.1769 sec (6 req/sec)