Hyundai Heavy Wins Orders Worth $1.1 Billion
Hyundai Heavy Industries, the world’s biggest shipbuilder, today announced the Company had won orders for 4 liquefied natural gas carriers and 1 LNG floating storage regasification unit worth USD 1.1 billion. Hyundai Heavy won orders to build two 162,000 cbm LNG carriers for Golar LNG of Norway on February 10 and two same-class ships for an unnamed European shipowner on February 8. The contract with Golar LNG includes an option exercisable by the Norwegian company for two additional same-class LNG carriers. LNG carriers for Golar LNG will be built by Hyundai Samho Heavy Industries, a Hyundai Heavy affiliate. These membrane-type LNG carriers, scheduled to be delivered between the second quarter of 2014 and the first half of 2015, will feature the Dual Fuel Diesel Engine System (DFDE) which allows the ships to run on oil fuel or natural gas. In addition, Hyundai Heavy won an order to build a third LNG Floating Storage Regasification Unit (FSRU) for Hoegh on February 13. The contract for the LNG FSRU is an option exercised by Hoegh from the original contract signed in June 2011. The 170,000 cbm LNG FSRU is scheduled to be delivered by the second quarter of 2014. LNG FSRU receive liquefied natural gas from offloading LNG carriers. The installed regasification system provides gas send-out through flexible risers and pipelines to shore. LNG FSRU take a year less and cost half as much as an onshore LNG terminal to complete
Dynagas, GasLog, Golar LNG Team up to Operate LNG Carrier Pool
Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd today jointly announced having entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market. The LNG Carrier Pool allows the participating owners to optimise the operation of the pool vessels through improved scheduling ability, cost efficiencies and common marketing. The objective of the LNG Carrier Pool is to serve the transportation requirements of a rapidly growing
Qatar Drydock has 7 LNG Carriers Under Repair
In Qatar, Nakilat-Keppel Offshore & Marine (N-KOM) shipyard has 7 ocean-going LNG carriers in its drydock for repairs, overhauls As part of the Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has successfully completed marine, offshore and onshore projects for both local and international clients, with LNG repairs making up almost half of these projects reports LNG World News. The seven LNG carriers (Al Jasra, Al Bidda, Al Wajbah, Dukhan, Al Gharrafa
Teekay, BP Enter Deal for Newbuild LNG Tankers
Teekay LNG signs charter contracts with BP for up to two LNG carrier newbuilds Teekay LNG Partners L.P. announced that it has entered into a 13-year time-charter contract with BP Shipping Limited (BP) for one liquefied natural gas (LNG) carrier newbuilding, plus an option exercisable by BP by the end of the third quarter of 2015 for one additional LNG carrier under similar terms. The vessels, including the optional vessel if exercised
GasLog to List on NY Bourse
LNG carrier owners and operators, GasLog Partners LP, inform it has priced its initial public offering of 8,400,000 common units representing limited partner interests at $21.00 per common unit. The common units will begin trading on the New York Stock Exchange on May 7, 2014 under the ticker symbol “GLOP”. The offering is expected to close on May 12, 2014. The underwriters have a 30-day option to purchase up to 1,260
Dual-Fuel Propulsion System for LNG Carrier
Hyundai Heavy Industries Co., Ltd. (HHI) has developed the first Korean Dual-Fuel Diesel-Electric (DFDE) propulsion system for LNG carriers. The DFDE propulsion system uses either oil or gas, depending on the situation. It uses an electric motor like large cruise ships and submarines, not a steam turbine, which is the traditional propulsion system for LNG carriers. The DFDE propulsion system improves fuel efficiency, reacts quickly, and provides a smooth voyage.
SVEZA OK'd to Supply Plywood for LNG Carriers
SVEZA Ust-Izhora plywood mill recently obtained the GTT (Gaztransport & Technigaz) Approval confirming compliance with specification of containment system for liquefied natural gas carriers. SVEZA Group is a leader in birch plywood production, and it reportedly has become the first Russian domestic producer certified to deliver to LNG-carriers manufacturers. The company's target is to gain at least a 30% share of the market with the estimated annual volume of 60,000 cubic meters of plywood
World’s First Ice-breaking LNG Carrier Christened
The world`s first icebreaking liquefied natural gas (LNG) carrier was named Christophe de Margerie in St. Petersburg, Russia. Russia’s President Vladimir Putin, South Korea’s Ambassador to Russia Park Dae-bong and Daewoo Shipbuilding & Marine Engineering Co. (DSME) CEO Jung Sung-leep attended the naming ceremony for the country’s new carrier. The ship will be deployed for Russia’s national Far East resource development in the
MOL Names Newbuilding LNG Carrier 'Energy Liberty'
Mitsui O.S.K. Lines (MOL) has announced that on October 16, a naming ceremony for a newbuilding LNG carrier, jointly owned by MOL and Tokyo LNG Tanker, was held at the Tsu Shipyard of Japan Marine United Corporation. Among the crowd of well-wishers on hand for the ceremony were Tokyo Gas Co., Ltd. President Michiaki Hirose, who gave the name Energy Liberty to the vessel, after which his wife cut the rope.
Samsung Heavy Industries, DNV GL Partner for LNG Carrier Design
DNV GL and Samsung Heavy Industries. Co., Ltd (SHI) signed a joint development project (JDP) agreement focused on the development of new LNG carrier designs. Mun-Keun Ha, Senior Executive Vice President of SHI, and Tommy Bjørnsen, DNV GL’s Regional Manager Maritime Korea & Japan, signed the agreement at the DNV GL Group head office in Høvik, during Nor-Shipping week. The JDP aims to develop two 30K LNG carrier designs
Wärtsilä Dual-fuel Engines for LNG Carrier Newbuilds
Wärtsilä, through its joint venture company CSSC Wärtsilä Engine (Shanghai) Co (CWEC), has been contracted to deliver 16 engines for four new LNG carrier vessels being built at the Hudong Zhonghua shipyard in China. The order was booked in August 2017. Each of the four 174,000 m3 capacity vessels will be fitted with four Wärtsilä 34DF dual-fuel generating sets running primarily on LNG fuel to provide the ships with auxiliary power
SUNY Maritime College to Host LNG Conference
As demand for liquefied natural gas (LNG) grows, so does the need for LNG carriers. Many shipping companies in recent years have placed orders for LNG ships, and shipyards are busy building them. The maritime industry is also exploring ships powered by natural gas, rather than more traditional sources. To address this topic, SUNY Maritime College will host a conference, LNG: Not just a cargo, on Thursday, November 2
FLNG Hilli Episeyo Departs Singapore Early
Golar LNG Limited said today that its floating liquefied natural gas (FLNG) vessel Hilli Episeyo departed Singapore for Cameroon earlier than anticipated, leaving at 10 a.m. local time on October 12. Hilli Episeyo was scheduled to leave Singapore between October 15 and October 20, but Golar LNG said a decision was made to complete LNG bunkering in Cameroon rather than in Singapore. The voyage to Cameroon is expected to take between 32 and 40 days.
Exmar USD 23mln Richer After Excel Sale
The Belgian gas tanker company Exmar has sold its liquefied natural gas (LNG) tanker Excel for $ 23 million. "Exmar is pleased to announce the sale of the LNG carrier Excel (138,107 m³). The 2003 built Excel has been delivered to its new owners on 6th of October 2017," said a press statement from the company. The net cash proceeds realized by Exmar for its 50% share in the joint venture will be approximately USD 23 million, it added.
Escort Tug Trio Named in Hammerfest
Østensjø Rederi’s three new escort towing vessels were officially named on August 26 in Hammerfest. Sponsors of the trio were Unni M. S. Fjær, Inger Vik Framnes and Siv Halvorsen officially naming the vessels Dux, Pax and Audax. In attendance on behalf of designers Robert Allan Ltd. was Rob Allan, Executive Chairman of the Board, on behalf of Østensjø were Chairman of the Board Johannes Østensjø
World's Largest FSRU Named as MOL FSRU Challenger
Mitsui O.S.K. Lines (MOL) has announced that a naming ceremony for the MOL FSRU Challenger was held at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering Co., Ltd.in Korea on September 28.This is the first FSRU for MOL to independently build, own and operate. Many Guests were invited to witness the naming of our FSRU as the MOL FSRU Challenger. The MOL FSRU Challenger will provide storage and regasification services to a project in Turkey after delivery during
MOL LNG Carrier Rescues Castaways
Mitsui O.S.K. Lines (MOL) has announced that on September 18, the MOL-operated LNG carrier Papua safely rescued four yachtsmen off Port Moresby, Papua New Guinea. Details of the rescue are as follows: In the afternoon of September 17, the Papua received a distress relay message from the Australian Maritime Rescue Co-ordination Centres, while underway toward the Port of Qingdao in China from Port Moresby, Papua New Guinea.
LNG Carrier CESI Tianjin Delivered for SINOPEC LNG Project
Mitsui O.S.K. Lines (MOL) announced that the LNG carrier CESI Tianjin, which was ordered by the joint venture of MOL, China COSCO Shipping Corporation Limited (China COSCO Shipping) and China Petroleum & Chemical Corporation (SINOPEC), was delivered at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) on September 26. The CESI Tianjin is the fourth vessel to serve the LNG transport project for SINOPEC announced in April 2013
Arctic Responsibilities Laid Out
Developments in Arctic resource recovery and transportation are providing the main focal point for many at NEVA and this year’s event in St Petersburg comes at a pivotal time for both the economic and ecological prospects of the region. Export shipments of LNG from the Yamal peninsula are due to start shortly, with the lead vessel of 15 in the ‘Yamal LNG fleet’ recently completing the first unaccompanied voyage by a gas carrier through the Northern Sea Route by
ABS, GasLog Study to Simulate LNG Boil-off
ABS, a leading provider of classification and technical services to the marine and offshore industries, and GasLog LNG Services (GasLog) have completed a joint development project demonstrating a new approach to evaluating LNG boil-off rate (BOR). GasLog is an international owner, operator and manager of LNG carriers, providing support to international energy companies as part of their LNG logistics chain.
MOL to Join LNG Terminal Project in India
Mitsui O.S.K. Lines (MOL) announced the signing of agreements with Swan LNG Private Limited (Swan LNG) for the long-term operation / maintenance of a floating, storage and regasification unit (FSRU) and provision and long-term operation / maintenance of a floating and storage unit (FSU) that will serve as the core receiving facilities in an LNG terminal to be developed by Swan Energy Limited (Swan Energy) in Gujarat, India.
Wärtsilä Re-liquefaction Plants Ordered for Newbuild LNG Carriers
Wärtsilä said it has been awarded contracts to supply its re-liquefaction plants to three new LNG carriers currently under construction. One ship is being built at the Samsung Heavy Industries (SHI) yard in South Korea for the international owner and operator Gaslog. The others are for Norway based Knutsen and are being built at the Hyundai Heavy Industries (HHI) yard in South Korea. The order was booked for the Gaslog ship in April 2017 and for the Knutsen ships in May/June 2017.
ABB’s Azipod Writes History in the Arctic
Sovcomflot’s liquefied natural gas (LNG) carrier Christophe de Margerie made the world’s first-ever crossing of the Northern Sea in late August without the aid of an ice-breaker. The record-setting vessel is powered by ABB’s advanced Azipod electric propulsion technology. The 172,600 cubic meters Arctic LNG tanker, which features a lightweight steel reinforced hull, is the largest commercial ship to receive Arc7 certification
SCF's Balancing Act in Tanker Market
Despite the turbulent conditions seen in conventional markets, SCF Group has continued to demonstrate resilience whilst remaining able to position itself to take advantage of the future upswing in these markets when it comes. The first half of 2017 was very challenging for global tanker markets, with spot freight rates in all market segments nearing their historic lows. This has impacted severely upon the profitability of those owners focused solely on conventional shipping
GE to Provide Maintenance to TMS Cardiff Gas’ LNG Fleet
GE’s Marine Solutions and TMS CARDIFF GAS Ltd. have signed a service agreement that will see GE undertaking the support and maintenance of four TMS LNG vessels—Corcovado, Kita, Palu and Yari—for the next 10 years. GE will provide maintenance services to TMS fleet’s electric propulsion system, including providing parts to the propulsion motors, medium-voltage drives, generators and switchboard