Aqualis Offshore Lands Study Job for LNG Barge
Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed. Aqualis Offshore’s work scope is to provide a Failure Modes and Effects Analysis (FMEA) study for Control and Alarm Monitoring System (CAMS), Emergency Shutdown System (ESDS), and Wireless Telemetry System installed on the 2,200 cubic meter LNG bunkering/transport barge. The LNG bunkering/transport barge will carry LNG cargo from the port facilities towards LFS (LNG Fuelled Ship) for bunkering. The LNG bunkering barge is built by Conrad Shipyard, Texas, for TOTE.
Improving Rates May Help Shippers Cope With Fuel Costs
Shipowners are now better placed to cope with soaring fuel prices because of growth in trade as Asia recovers from economic crisis, industry sources and analysts said. The price of bunker fuel, which typically makes up about five percent of a shipper's total operating costs, has - over the past six months - doubled to $140 per ton. The spoils from improved conditions have not been evenly shared within the industry, with tanker owners hit the worst. Three global-pacts among oil producers to cut output and shore up prices have had a negative impact on tanker owners who now face higher bunker costs and lower shipping volumes. The producers agreed to remove from world oil production about 5.1 million bpd of crude oil…
