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Lng Fleet

Höegh LNG FSRUs on Strong Ground

Photo: Höegh LNG

 Höegh LNG is upbeat on the group’s FSRU prospects as its profit rise comes on the back of an almost tripled average regasification flow rate on Höegh LNG’s FSRU fleet compared with the same quarter last year, owing to increased imports driven by ample supplies of LNG being available at low prices.   The owner of floating storage regasification units said in a statement: “The improved utilisation of all the FSRUs in Höegh LNG’s fleet confirms that the increase in LNG supply has strengthened the FSRU market fundamentals and provided additional support for the strategic drivers in the group’s long-term FSRU contracts.”     All five FSRUs in Höegh LNG’s fleet operated in accordance with contract and without incidents during the quarter, the company said.   "As a consequence of ample LNG being available at low prices, the average regasification flow rate on Höegh LNG's FSRU fleet has almost tripled compared with the same quarter last year," says the statement.   It adds:"This clearly demonstrates that demand for LNG into new markets continues to increase, and we observe the same effect for our FSRU services, since Höegh LNG is currently pursuing three fast-track FSRU projects that all have a start-up that matches the delivery of FSRU#7 in March 2017".   


RasGas Adds Seven New Ships to LNG Fleet

RasGas Company Limited (RasGas), the Qatar based premium LNG exporter, continues to grow its fleet to meet global demand. RasGas, Teekay Nakilat and J5 name seven Q-Flex LNG carriers that will enter long-term RasGas charters in ceremonies at both the Samsung Heavy Industries (SHI) and Daewoo Shipbuilding and Marine Engineering (DSME) shipyards in South Korea. These ships bring the RasGas LNG fleet to a total 20 ships ranging from 138,000 cu.m through to 217,000 cu.m.


Shell to Manage Nakilat’s LNG Fleet

Qatar Gas Transport Company Ltd (Nakilat) has appointed Shell International Trading and Shipping Company Limited (Shell) to manage its fleet of at least 27 new LNG carriers in a 25-year deal. Under this arrangement it is expected that Operational Management will be transferred to Nakilat within 12 years. The agreement will involve Shell providing a range of shipping services to Nakilat including ship management as well as the transfer of know how and expertise to allow Nakilat to


LNG Training Agreement To Be Signed

Maritime Administrator Sean T. Connaughton, presidents of the major seafaring unions, and the heads of major maritime academies will sign an agreement on June 5 to implement a set of universal standards in training crews for tankers carrying Liquefied Natural Gas (LNG). The standards were developed by an industry working group facilitated by the Maritime Administration. The agreement will help expand the pool of U.S


LNG Market Poised for Massive Growth

There has been plenty of talk recently about the birth of a spot and short-term charter market for lng carriers. Indeed some LNGoperators have formed strategic alliances to prepare for these potentially new trades. However, R.S.Platou Shipbrokers of Norway believes that the volume of LNGtonnage currently on order could yet force some owners to work short-term deals by the end of this decade whether they like it or not.


New LNG Carrier Delivered to MISC Berhad

(Photo: MISC Berhad)

MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC. Upon their delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years.   The naming ceremony was graced by the presence of Y. Bhg


SUEZ LNG implements U.S. Citizen Crewing Agreement

SUEZ LNG, Massachusetts Maritime Academy (Academy), and the International Organization of Masters, Mates and Pilots (MM&P) announced an agreement to recruit, train, and supply U.S citizen mariners for service on the LNG tankers owned or chartered by SUEZ LNG. SUEZ LNG, in compliance with the deepwater port license agreement signed with Maritime Administrator, Sean T. Connaughton, will collaborate with both the Academy and the MM&P Union to train and employ U.S


Harvey Gulf Breaks Ground with LNG Facility

Artists Depiction: the Harvey Gulf LNG Fuleing facility in Port Fourchon, LA.

Louisiana out in front on LNG bunkering infrastructure. New Orleans-based Harvey Gulf International Marine (HGIM) has announced the ground breaking of construction on its $25 million Phase 1, Slip B, LNG (Liquefied Natural Gas) fueling facility at their Port Fourchon, LA terminal. When operational later this year, HGIM’s LNG facility will be the first of its kind in the United States. This technologically-advanced, environmentally-safe


Japan Seeks Share of LNG Carrier Shipbuilding Market

LNG Carrier by Kawasaki Heavy Industries

 Japanese market players ramp up their design efforts for fuel-efficient engines to challenge Korean yards as demand for super-cooled fuel is set to soar, says a report in South China Morning Post.    A total of 50 to 60 LNG ships annually are forecast to be delivered globally in 2017 and 2018, aided by US shale export projects, according to an estimate by analyst Masanori Wakae at Mizuho Securities.   


MISC Berhad Names New LNG Carrier Seri Cenderawasih

Official Seri Cenderawasih Photo MISC

MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI”) by MISC. Upon their delivery, these new LNG Carriers will be on a long-term charter to PETRONAS. The naming ceremony was graced by the presence of Encik Md Arif Mahmood, Executive Vice President & Chief Executive Officer


South Korean Tender Stirs LNG Market

© Oleksandr Prykhodko / Adobe Stock

Asian spot LNG prices jumped this week, buoyed by hopes Korea Gas Corp's new tender would match past buying sprees and by emerging demand from China and Japan.   Spot prices for June delivery rose to $5.70 per million British thermal units (mmBtu), a 20 cent jump over last week


Petrobangla, Summit Pact for 2nd LNG Terminal

Pic: RPGCL, Petrobangla Group

 Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal.   The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in


Drewry Trims Long-Term Freight Rate Outlook for LNG shipping

Graph: Drewry Shipping Consultants Limited

 Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year


Poland to Receive first US LNG Delivery in June

File Image: CREDIT GAC

Poland will receive its first liquefied natural gas supplies (LNG) from the United States in mid-June as a result of a deal Polish gas firm PGNiG signed with Cheniere Energy, state-run PGNiG said on Thursday.   Cheniere Energy will make the spot delivery at the Swinoujscie terminal on the


LNG Carrier Gaselys Repair Work Complete

Photo: Damen

Damen Shiprepair Brest (DSBr) has completed a renewal survey maintenance program on the 290-meter LNG carrier Gaselys.   Co-owned by NYK Line of Japan and ENGIE (formerly GDF SUEZ), operated by Gazocean and chartered by ENGIE, the 10-year old vessel came into DSBr for a regular periodical


LNG Innovation: Wison's LNG Distributor

Image: Wison

The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient.  


Seaspan Commissions New Hybrid Ferries

Seaspan Ferries Corporation (SFC) has welcomed two new dual-fueled/hybrid liquefied natural gas (LNG), diesel and battery vessels to its fleet during a double commissioning ceremony held at its Tilbury Terminal in British Columbia on April 9.  


MISC Signs up Entire LNG Fleet for ECDIS Training

Photo: MISC Berhad

MISC Berhad has chosen eMaritime Group's ACAT online courses as its ECDIS type specific continuous personal development training solution. The agreement has enabled MISC to sign up its entire fleet of liquefied natural gas (LNG) carriers while being able to effortlessly monitor all students


TMC Compressors for FRSU Newbuild

International compressor supplier TMC Compressors (TMC) said it has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a newbuild floating storage and regasification unit (FRSU).   


May LNG Cargo Prices Fall on Waning Demand

File Image: a typical LNG carrier at sea (CREDIT: MISC)

Asian spot LNG prices edged lower this week amid thin trade for May cargoes and as focus shifts towards June supplies.   Spot prices for May delivery of LNG in Asia fell by 35 cents to $5.40 per million British thermal units (mmBtu), as interest for May cargoes weaken because most end-users


‘Natural Gas Operating Fleet’ Concept Receives AiP

Sanjay Verma, Wärtsilä; Jim Smith, Lloyds Register; and Zhao Zhijian, CHI with the Natural Gas Operating Fleet concepts AiP Certification (Photo: Wärtsilä)

Wärtsilä and COSCO shipping Heavy Industry Co (CHI) have announced the joint development of a natural gas operating fleet concept, and this design has now obtained Lloyd's Register's (LR) Approval in Principle (AiP) certificate. The development project was carried out under the terms of


Krill Expands Energy Monitoring Lineup

Krill Systems Inc. said it has completed its phase 2 product development cycle with the recently introduced Krill Regasification Monitoring Center (KRMC).   Krill identified this phase of its business plan as the ability to supply a comprehensive range of energy monitoring products which


Essar to Develop LNG Terminal at Haldia

Photo: Essar Official FB Page

 India's Essar Ports has won a contract to build the first liquefied natural gas (LNG) terminal in West Bengal  under the Kolkata Port Trust (KoPT) at an investment of Rs 450 crore (USD 70 million).   A Press Trust of India report said that the LNG project is expected to be


Singapore Launches First LNG Truck Loading Facility

SLNG and MPA staff celebrating the Launch of Singapore’s first LNG Truck Loading Facility. Photo: Maritime and Port Authority of Singapore

 Singapore LNG Corporation Pte Ltd (SLNG) and Maritime and Port Authority of Singapore (MPA) jointly launched the nation’s first Liquefied Natural Gas (LNG) Truck Loading Facility during a ceremony held on 12 April 2017, at the SLNG Terminal.   


MAN Cryo to Supply FGSS for LNG Ferries in Norway

Illustration of the coming double-ended RoPax ferries (Image: Multi-Maritime)

MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with the Vard Shipyard Group in Norway to deliver a fuel-gas supply system (FGSS) to two ferries for shipowner and ferry operator Torghatten Nord.  






 
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