Arctic Aurora News

Norway's Hammerfest liquefied natural gas plant has restarted LNG production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.The company last week told Reuters the plant had completed repairs and was preparing to restart output. The plant had been offline since late September of 2020, and a restart was postponed several times while repairs were carried out."This is of great significance in a period when predictable and reliable supplies are highly important to many countries and customers…

Monaco-based owner and operator of liquefied natural gas (LNG) carriers, reported a third-quarter ended September 30, 2018 loss of $654,000, after reporting a profit in the same period a year earlier.The gas shipping company said that the Q3 results included $2.3 million of scheduled class survey and dry-docking costs related to the Yenisei River, one of the three tri-fuel diesel engine (TFDE) vessels in our fleet.The company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs, were 4 cents per share. It has posted revenue of $31.3 million in the period, which beat Street forecasts.Tony Lauritzen, Chief Executive Officer of the Partnership, said: “Our reported earnings for the third quarter of 2018 were in line with our expectations.

Dynagas LNG Partners has entered into an agreement with Yamal Trade for the early commencement of the long term charter contract for employment of the ice class liquefied natural gas (LNG) carrier Yenisei River in the Yamal LNG Project. The owner and operator of LNG carriers said that pursuant to this agreement, the Yenisei River will commence operating 180 days earlier and as a result, the firm charter period has been extended from 15 years to 15 years plus 180 days. The Yenisei River was delivered early to Yamal LNG on August 14, 2018, immediately upon completion of its mandatory statutory class five-year special survey and dry-docking in Singapore.Tony Lauritzen…

Dynagas LNG Partners has announced that a Partnership has entered into a new three year charter agreement with Statoil ASA (Statoil) for the employment of the Arctic Aurora, its 2013-built, 155,000 cubic meter, tri-fuel diesel engine, ice class liquefied natural gas (LNG) carrier. The Arctic Aurora is currently, and has been since 2013, on charter to Statoil. The Extended Charter is expected to commence in the third quarter of 2018 in direct continuation of the Current Charter (interrupted only by the vessel’s mandatory statutory class five-year special survey and dry-docking) and will have a firm period of about 3 years +/- 30 days. Statoil will have the option to extend the Extended Charter by two consecutive 12-month periods at escalated rates.

ABB Turbocharging, the leading provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric) vessels: Arctic Aurora, Yenisei River, Lena River, Clean Planet, Clean Ocean, Clean Horizon and Clean Vision. In order to ensure the reliability of operation of all the 42 turbochargers operating on Dynagas Ltd vessels, ABB Turbocharging is fully accountable for scheduling in advance turbochargers’ regular servicing for a period of 3 years, relieving the customer of both the technical and administrative workload.

ABB Turbocharging, a provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric) vessels: Arctic Aurora, Yenisei River, Lena River, Clean Planet, Clean Ocean, Clean Horizon and Clean Vision. In order to ensure the reliability of operation of all the 42 turbochargers operating on Dynagas Ltd vessels…

Dynagas LNG Partners LP announced today that it has completed its previously announced acquisition of the ownership interests in the entity that owns and operates the 2013 built ice class liquefied natural gas carrier Arctic Aurora from Dynagas Holding Ltd., Dynagas Partners’ sponsor, for a purchase price of $235.0 million. On June 19, 2014 Dynagas Partners entered into a new $340 million senior secured revolving credit facility which was used to refinance $214.1 million outstanding under Dynagas Partners’ existing senior secured revolving credit facility and the remaining borrowings of $125.9 million were used to finance a portion of the purchase price of the Arctic Aurora.

Dynagas LNG Partners LP announced it has entered into an agreement to purchase from Dynagas Holding Ltd., the Partnership's sponsor, 100% of the ownership interests in the entity that owns and operates the Arctic Aurora, a 2013 built ice class liquefied natural gas carrier, for an aggregate purchase price of $235 million. The Arctic Aurora acquisition is subject to the Partnership obtaining the funds necessary to pay the purchase price and the satisfaction of certain closing conditions.

Two new dual-fuel-powered LNG carriers just handed over to Greek shipping company Dynagas by Hyundai Heavy Industries (HHI)—the Arctic Aurora and the Yenisei River—are the first part of the latest and possibly clearest demonstration of the company’s intent to reach a cleaner environment through safe and efficient transportation of clean-burning liquid natural gas (LNG). Dynagas also will take delivery of five other LNG carriers over the next two years, all equipped with innovative…

Dynagas, the liquefied natural gas (LNG) shipping arm of the George Prokopiou shipping enterprises, has taken delivery of Arctic Aurora, the second of two ice-class membrane LNG tankers, during a ceremony at Hyundai Heavy Industry (HHI) Ulsan shipyard, Korea. The first, Yenisei River, was delivered yesterday. The 155,000 cbm (cubic meters) ships are fitted with GTT Mk III containment systems. Propulsion for the ships is provided by a duel fuel diesel generator engine system. Four Wartsila-Hyundai diesel engines in each ship…