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Bw News

26 Mar 2024

Stena Bulk Completes Sale of LNG Tankers

Erik Hånell, President & CEO of Stena Bulk. Image courtesy Stena Bulk

Stena Bulk completed the sale of two of its LNG carriers – Stena Crystal Sky and Stena Clear Sky – to BW LNG.As part of the sale, BW LNG will assume the existing charters for both vessels.Both vessels were originally delivered in 2011 from Daewoo Shipbuilding & Marine Engineering in South Korea. Stena Crystal Sky and Stena Clear Sky each have an LNG carrying capacity of 174,000 cbm.“As part of our strategy to continuously look for new opportunities, Stena Bulk took the decision some time ago to sell Stena Crystal Sky and Stena Clear Sky," said Erik Hånell, President & CEO of Stena Bulk.

22 Feb 2024

Floating Production – A Growing Segment in Transition

The FPSO offshore floating platform for oil production off the coast of Newfoundland, Canada. The structure is designed for ice conditions and deep wells. See Less
Copyright Dolores Harvey/AdobeStock

The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established floating production segment is forecast to experience continued growth through this decade, driving demand for, among other things, moorings, subsea systems, umbilicals, risers, flowlines and the large anchor handlers and subsea support vessels that will install and maintain the elements.At the same time…

04 Dec 2023

Snam Finalizes Purchase of FSRU for Ravenna

Snam headquarters in San Donato Milanese, Italy (Photo: Snam)

Snam has finalized the 400 million euro acquisition of a new floating liquefied natural gas (LNG) terminal that will be located offshore from the city of Ravenna, the Italian gas grid operator said on Monday.The new ship dubbed BW Singapore has a storage capacity of about 170,000 cubic meters of liquefied natural gas and a regasification capacity of about 5 billion cubic meters per year and will help Italy to diversify its energy supplies.The floating storage and regasification unit (FSRU) is expected to start operations in 2025.That will follow the conclusion of the related permitting and reg

10 Nov 2023

Barossa Project: BW Offshore's Massive FPSO Hull Sets Sail for Singapore

BW Opal FPSO hull - Credit: BW Offshore

FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration."On October 28, 2023, at 11:30 local time, the newbuild hull for the BW Opal FPSO, which is based on BW Offshore’s RapidFramework concept, started tow from the SK Oceanplant (SKOP) yard in South Korea, to the integration shipyard in Singapore…

20 Oct 2023

The Power of Offshore Molecule Production

The P2XFloater can be positioned anywhere renewable energy costs are low, resulting in the production of extremely cost competitive green ammonia. Source H2Carrier.

Energy ecosystems are evolving as the value of offshore power-to-X production is being realized.Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen, increasing the uptime of offshore wind farm generated power.That’s according to Netherlands based supplier Strohm, member of the Hydrogen Offshore Production for Europe (HOPE) project and the Dutch floating green hydrogen and ammonia OFFSET project.

19 Oct 2023

BIMCO Approves Revised SYNACOMEX Grain Carter

Source: BIMCO

BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX, to reflect changes in the geopolitical landscape following events including the COVID-19 pandemic and the war in Ukraine. The revised charter party now includes BIMCO’s anti-corruption clause and updated versions of the war risks and sanctions clauses.The charter party is developed by joint copyright holders SYNACOMEX and Armateurs de France, the French Union for Grains and Seeds Trade and the French Shipowners’ Association.

20 Sep 2023

Portugal and Norway Team Up on Floating Offshore Wind

Source: Norwegian Offshore Wind

The Portuguese cluster Forum Oceano and Norwegian Offshore Wind have signed a Memorandum of Understanding (MoU) to strengthen collaboration between the supply chains in the two countries.The MoU aims to lay the ground work for new contracts between companies from the two countries.The agreement was signed at a reception this week, during a visit to Portugal organized by Norwegian Offshore Wind and The Norwegian Embassy in Portugal.Forum Oceano and Norwegian Offshore Wind both focus on developing a strong supply chain in floating offshore wind.

05 Sep 2023

How Serious a Problem is the Cost Issue in U.S. Offshore Wind?

Credit: mark_gusev/AdobeStock

Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease auction, speculation has mounted around the longer-term prospects for U.S. wind. But how serious is this problem, and what does it mean to the longer-term goals of the federal administration to deploy 30 GW of offshore wind by 203 and 110 GW by 2050?Below…

23 Aug 2023

Suez Canal Ship Traffic Unaffected After Tanker Collision

(Photo: Suez Canal Authority)

Normal traffic is expected to resume through the Suez Canal within hours, the head of the canal authority said on Wednesday, following the collision of two vessels."Slight contact" was made after LNG carrier BW Lesmes made a sudden stop due to a technical failure that coincided with a strong current that drove oil tanker Burri towards it, authority chairman Osama Rabie said.The canal authority responded by sending tugboats to move both ships, he said.Singapore-flagged BW Lesmes was successfully towed outside of the waterway…

21 Aug 2023

LPG: Dual-Fuel Engines Prove Their Worth

2022 was the first year all 15 VLGCs of BW LPG’s dual-fuel LPG retrofitted ships were sailing. Image courtesy of BW LPG

BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier, sparked by Oslo-listed BW LPG’s preparations for the IMO’s 2020 Sulphur Cap regulations.Compared to heavy fuel oil, LPG reduces Sox emissions by approximately 97%…

01 Aug 2023

Two Week Contract Extension for FPSO in Nigeria

Credit: BW Offshore

FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO, which is operating at the Abo field offshore Nigeria, and is seen as non-core to its FPSO fleet. This extension is the latest in a series of short-term extensions announced for the Abo FPSO recently.The ABO FPSO started producing in April 2003.

05 Jul 2023

NYK Joins Global Centre for Maritime Decarbonization

Lycaste Peace (Source: NYK)

The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) have announced the signing of a five-year Strategic Partnership agreement.The partnership boosts the center's efforts to conduct pilots and trials of low-carbon solutions for the global shipping industry.Japan is one of the top three shipowning countries in the world, and Japanese merchant vessels account for around 11% of world tonnage. Numbers from Clarksons Green Transition Team further indicate that Japan leads other nations in alternative-fuel-ready vessel orders…

07 Jun 2023

DNV Presents AIP for NoGAPS Ammonia-powered Gas Carrier Design

Rendering of the M/S NoGAPS ammonia-powered gas carrier. (Image: Breeze Ship Design)

Classification society DNV has awarded the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in collaboration with Nordic Green Ammonia Powered Ships (NoGAPS) partners BW Epic Kosan, Yara, MAN Energy Solutions, Wärtsilä, Global Maritime Forum and Breeze Ship Design an Approval in Principle (AiP) for the design of an ammonia-powered gas carrier – the M/S NoGAPS. The certificate was presented during the Nor-Shipping trade fair at the DNV stand.The maritime industry is accelerating in its drive towards a multi-fuel zero carbon future.

01 Jun 2023

Follow the Money: Norway is Fertile Grounds for Shipping Projects

Image courtesy Oslo Børs

With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and, as you would expect, a strong advocate of the Norwegian capital as a place to raise money for marine-related projects. The diverse nature of the companies which are listed on the Børs, part of Europe’s largest stock exchange group…

15 May 2023

Maersk Tankers Names Revsbech CEO

Tina Revsbech (Photo: Maersk Tankers)

Tina Revsbech will join Maersk Tankers as its new CEO, replacing Christian M. Ingerslev, who has been appointed CEO of Maersk Supply Service.Revsbech brings to the role more than 30 years of industry experience. She was previously executive vice president at Fednav Limited, CEO at BW Tankers and senior vice president at Torm. Earlier in her career, Revsbech worked for more than 15 years for Maersk Tankers as head of chartering and Head of Maersk Tankers for Americas and Singapore, respectively.Chair of the Board of Directors, Robert M.

24 Mar 2023

SSY Hires Wang to Drive LNG Business in China

Shipbroker Simpson Spence Young (SSY) hired Justin Wang will join the global SSY LNG team as a ship broker. Image courtesy SSY

Shipbroker Simpson Spence Young (SSY) hired Justin Wang will join the global SSY LNG team as a ship broker, effective from April 2023.Based in Beijing, Wang will be the first active LNG shipbroker in the Chinese capital and will focus on further expanding SSY’s LNG presence in the region, backed up by the current team that is based in London, Singapore, and Stamford, with business development in Madrid & Mumbai. An LNG specialist with over 15 years of commercial maritime experience…

10 Mar 2023

NH3 FPSO Concept: Floating 'Green' Ammonia Production gets DNV AIP

Artists impression of the NH3 FPSO concept - a floating ammonia production unit developed by SWITCH2 and BW Offshore. Image courtesy SwitchH2 BV/BW Offshore

An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase.The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel. Receiving power primarily from a wind farm, the unit will produce hydrogen by electrolysis of seawater and nitrogen through the use of an air separation unit…

09 Jan 2023

Middle East Ship Repair Yards Remain Center Stage

Asyad Dry Dock in Duqm, Oman, was previously Oman Drydock Company. Its new name reflects its ownership by Oman shipping and logistics group, Asyad. Image courtesy Asyad Dry Dock

In the 45 years since the Arab Shipbuilding & Repair Yard (ASRY) opened on reclaimed land in Bahrain, the Middle East has become one of the world’s ship repair hotspots. A broad range of shipyards now service both regional and global markets.Regional yards have a ready market, with hundreds of offshore rigs working across the region together with the service ships that support them. Then there are thousands of tankers and gas carriers that arrive each year to load energy cargoes for far-flung destinations.

23 Dec 2022

Italy's LNG Import Capacity and New Terminals

Italy plans to boost its liquefied natural gas (LNG) import capacity to 27 billion cubic metres (bcm) from nearly 17 bcm currently as it seeks to completely replace Russian gas supplies following Moscow's invasion of Ukraine.In 2021, Moscow provided Rome with 29 bcm of gas via pipelines, equal to around 40% of Italy's total imports but Russian supplies have fallen in recent months to around 10% of total imports. Italy, which can now count on three LNG terminals, has mandated gas grid operator Snam SRG.MI to buy and set up two additional floating storage and regasification units (FSRU) near the cities of Piombino and Ravenna.A timely start for the Piombino FSRU is crucial to allow Italy to fill gas storage facilities in time for winter 2023…

08 Nov 2022

Italy's Emilia Romagna Backs New FSRU Terminal in Ravenna

Italy's Emilia Romagna region has approved a project for a new floating LNG terminal off the coast of Ravenna in the upper Adriatic sea, it said on Monday, part of the country's broader efforts to replace dwindling Russian gas supplies. Almost one billion euros ($998 million) in total will be invested in the project, Emilia Romagna's Economic Development Councillor Vincenzo Colla told a news conference. The clearance took only about four months to be secured -- rather than years for similar projects in the past. As part of its energy strategy, Italy is adding two floating storage and regasification units (FSRU) to its existing three facilities. One will be off Ravenna, the other moored in the Tuscan port of Piombino on the other coast.

19 Oct 2022

Tianjin Southwest Maritime to Convert LPG Carrier Pair for Dual-fuel Operations

(Photo: MAN Energy Solutions)

MAN Energy Solutions’ after-sales division, MAN PrimeServ, has announced the signing of a contract to retrofit two LPG carriers for Tianjin Southwest Maritime Ltd. – the Chinese liquefied-gas carrier operator. The COSCO Shipping Heavy Industry (Guangdong) yard will host the respective conversions of the individual MAN B&W 6G60ME-C engines aboard the ‘Gas Gemini’ and ‘Gas Aquarius’ to dual-fuel MAN B&W 6G60ME-LGIP units capable of running on LPG. The two vessels will be retrofitted in parallel, beginning May 30, 2023.PrimeServ will jointly carry out the work with CMS (CSSC Marine Service Co.

06 Oct 2022

TotalEnergies, BW LNG Partner with Nautilus Labs

TotalEnergies, signatory of the Sea Cargo Charter in 2020, identified the need for a better monitoring system that also allows to report and optimize GHG emissions for its LNG fleet. Reporting on emissions was a tedious, manual time-consuming process that was prone to error, and left little room for optimization. BW, the owner and operator of some LNG vessels chartered by the energy major, was at the same time focused on monitoring and improving the environmental performance of…

24 Jun 2022

MAN Helps BW LPG Complete Dual-fuel Carrier Retrofits

BW Malacca - Credit: MAN

Oslo-listed LPG vessel operator BW LPG has converted the main engine of the ‘BW Malacca’ vessel to dual-fuel running. The last such conversion for a series of 15 LPG carriers, the ship’s MAN B&W 6G60ME-C9.2 type engine was retrofitted to an MAN B&W 6G60ME-C9.5-LGIP dual-fuel type capable of operating on fuel oil and LPG.The work was carried out at Yiu Lian Dockyards in Shenzhen, China in conjunction with the vessel’s scheduled, five-year docking and under the supervision of MAN PrimeServ, MAN Energy Solutions’ after-sales division.