Golar FSRU Golar Freeze Lined Up for Jamaican Project
Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth quarter of 2018."FSRU Golar Freeze will shortly arrive offshore Jamaica where she will service a 15-year charter for an energy and logistics company," the partner company of Golar LNG Limited said in a stock market annoucement.From commencement of commercial operations, expected during January, 2019, hire will be receivable at the full daily base rate, initially expected to deliver approximately $18 million in annual Adjusted EBITDA, it said.Meanwhile, Golar Maria's 10-month charter commenced in early August. Spot voyages prior to this resulted in the vessel achieving a utilization rate of 89% for the quarter.
Dredging: Digging Deep for a 'WIIN'
In the waning days of 2016, the outlook brightened dramatically for the big U.S. dredging contractors. Just before Congress dispersed for the Holidays, then-President Obama signed a pivotal piece of legislation – the Water Infrastructure Improvements for the Nation (WIIN) Act, S612. Authorized needed investment in America’s ports, channels, locks, dams, and other infrastructure that supports the maritime and waterways transportation system and provides flood protection. Authorized U.S.
Golar LNG Wins Kuwait FSRU Contract
Golar has been contracted by Kuwait National Petroleum Company to provide loating storage and regasification ("FSRU") services to support their LNG import operations at Mina Al Ahmadi. The contract will be for an initial period of 5 years and comprises the provision of portside FSRU services for an anticipated nine months of the year together with a three month window where the vessel is free to pursue spot carrier and other short term business opportunities. Winter scheduling of the three month stand-down period together with favourable positioning mean that the company is optimistic for the vessels trading prospects. The 170,000cbm newbuild FSRU Golar Igloo which delivers during the fourth quarter of 2013 will service the contract that is set to commence in March 2014.
Jumbo Completes Transports for KNPC
Jumbo Shipping has completed its eight-month heavy lift transport contract for client KNPC (Kuwait National Petroleum Company). The contract involved the transport of 37 reactors, separators and coke drums for KNPC’s Clean Fuels Project expansion. Jumbo’s Total Transport Solution included shipping and barging operations, as well as land transport. From October 2010 until June 2011, Jumbo’s Heavy Lift Vessels Jumbo Jubilee and Fairpartner and its flat-top barge JB-2 transported heavy refinery equipment from Hazira, India and Porto Marghera, Italy to the storage area in the Port of Shuaiba in Kuwait. Weights varied from 280 t coke drums up to 1595 t reactors, with the largest reactor measuring 42 x 8.5 x 7.5 m.
