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MOL Takes Delivery of LNG Carrier

Image: Mitsui O.S.K Lines Limited

 Mitsui O.S.K Lines Limited (MOL) has taken delivery of the LNG carrier Papua built by Hudong-Zhonghua Shipbuilding Company.  The Papua is the first in a series of four vessels to provide LNG transportation for the PNG LNG project in Papua New Guinea and the Gorgon LNG project in Australia.    MOL will operate the Papua ship under a long-term charter for the PNG LNG project, which is operated by ExxonMobil.   In January 2011, MOL assigned technical experts to the shipyard in China and created a shipbuilding supervision team to ensure the safe and high-quality construction of these LNG carriers. Since then, the company has been actively involved in the project to build these LNG carriers in China, in cooperation with ExxonMobil.   The ship was named Papua by the First Lady of Papua New Guinea, Lynda Babao O'Neill, in a naming ceremony at the Hudong shipyard on 8 January. The vessel will be used to transport LNG for China’s Sinopec, and is co-owned by China Shipping and Sinopec.   MOL’s strong and successful relationship with its Chinese partners in this project led to an initiative to build a further six new LNG carriers for SINOPEC, in which MOL has participated since April 2013. These ships are now under construction at Hudong. A total of 10 vessels, including the four serving the PNG LNG and Gorgon Jansz projects, will be completed by 2017. Completion of the first vessel marks a significant milestone.


Papua New Guinea Bullish on LNG Potential

Map:  InterOil Corporation

 A new wave of investments in Papua New Guinea’s energy sector could see some $19 billion of projects launched in the coming years, boosting the country’s liquefied natural gas (LNG) output and providing employment to thousands.   France's Total S.A. is progressing work on the Papua LNG Project in Petroleum Retention License (PRL) 15, Papua New Guinea (PNG) and construction of the development is expected to commence in 2018, creating employment for up to 10,000 persons


Kitimat LNG Partners to Purchase Pacific Trail Pipelines Interest

Kitimat LNG partners Apache Canada Ltd. (Apache Canada) and EOG Resources Canada Inc. (EOG Canada) announced that they have agreed to purchase the 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTPLP) they do not own from Pacific Northern Gas Ltd. (PNG) for $50m. Apache Canada and EOG Canada will pay PNG $30m on closing – expected by the end of February – and a second payment of $20m when the purchasers decide to proceed with construction of the Kitimat


Hudong-Zhonghua Selected to Build LNG Carriers

Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in .  These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS). 


Australia, Papua New Guinea Team-Up to fight illegal fishing

An ABF Dash-8, the aircraft used in the surveillance mission Photo Australian Border Force

The Australian Border Force (ABF) and the Papua New Guinea (PNG) Defence Force Maritime Element conducted a PNG Government led joint patrol to identify and intercept Vietnamese illegal fishing vessels operating in the vicinity of Budi Budi Island (an Atoll) in Milne Bay. The ABF’s Maritime Border Command (MBC) received a request from the PNG Defence Force Maritime Element for assistance in detecting and intercepting Vietnamese vessels suspected of illegally fishing in PNG waters.


Oversupplied Japanese LNG Players to Sell off Excess Volumes

© akiyoko / Adobe Stock

Asian spot LNG prices extended losses this week as oversupplied Japanese utilities sought to offload cargoes and as key European gas benchmarks softened.   Asian prices for LNG delivery in March fell 25 cents to about $7.75 per million British thermal units (mmBtu), traders said, ranging from $8/mmBtu to about $7.60/mmBtu.   Prices tailed off even more sharply into April, currently trading at around the $7/mmBtu mark, they said.  


Maersk Line Fast Growing in Pacific

Image: Maersk Line A/S

 Four years after launching a dedicated service into Papua New Guinea, Maersk Line is one of the key carriers in this fast growing Pacific country, claims Social Media Community of Maersk Line.   Papua New Guinea occupies the eastern half of the island of New Guinea and its offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia.   One of the most culturally and geographically diverse nations in the world


Qatar Petroleum Delivers 500th LNG Cargo UK

Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum. Photo: QP

 Qatar Petroleum (QP) has announced the delivery of the 500th liquefied natural gas (LNG) cargo from QP affiliate Qatar Liquefied Gas Company (2) to the South Hook LNG Terminal at Milford Haven in the United Kingdom.   The landmark delivery, on Thursday March 24th, was made on board the Q-Flex LNG vessel Al-Hamla.    Mr. Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum, described the delivery as “another significant achievement for Qatar’s LNG


LR Wins Landmark LNG Deal

Lloyd’s Register has won the classification contract for four 155,000 cu-m Technigaz Mk III membrane-type LNG carriers, ordered by BP Shipping at Hyundai Heavy Industries (HHI) with a further four options. These ships are the largest LNG carriers ordered to date. The ships are also noteworthy in that they will have dual fuel diesel electric propulsion and will be the first LNG ships with this type of propulsion to be built in Korea


T&T Salvage Aids Charity’s Efforts Against Malaria

A small feeder container vessel ran aground off the coast of Papua New Guinea. A large part of its cargo consisted of 32 containers of mosquito nets owned by international charitable organization the Rotary Club through their subsidiary Rotarians Against Malaria, a not-for-profit Non-Governmental Organization (NGO) engaged in a program aimed at eliminating Malaria in Papua New Guinea by the use of Long Lasting Insecticidal Mosquito Nets (LLIN’s) which are delivered free of charge to


Flex LNG signs deals to buy six new vessels

Image: Flex LNG

Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for its fleet by 2019, as it bets on increasing fuel demand from Britain and other countries, its chief executive told Reuters.   The gas shipping company said earlier this year it was considering


Gondan Delivers Dual Fuel Tug

Photo: Gondan

After completing its sea trials program, DUX, the first dual fuel tug ever built in Europe, was delivered yesterday to its owner, the Norwegian company Østensjø Rederi A/S. This vessel is the first tugboat of a series of three. Designed by the Canadian company Robert Allan Ltd


Acquisitions to Yield Better Results for Hoegh LNG

Höegh Gallant. Photo: Höegh LNG Partners LP

 Hoegh LNG Partners closed the acquisition of 51% interest in Höegh LNG Colombia Holding, the owner of the entities that own and operate the Höegh Grace on January 3, 2017.   The results of the Höegh Grace contributed to the Partnership's earnings for the full first


Stolt-Nielsen Orders Small LNG Carriers

Stolt-Nielsen Limited subsidiary Stolt-Nielsen Gas B.V. (SNG) has contracted with Keppel Singmarine for the construction of two 7,500 cbm liquefied natural gas (LNG) carriers, with options to purchase three additional similar ships.  


Skangas Names LNG Bunker Supply Ship Coralius

Photo: Skangas

 Coralius, the first European built LNG bunker and distribution vessel was named Monday, May 22, by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum.    The 5,800 cbm vessel was commissioned by owners Anthony Veder and Sirius Shipping in 2015


MOL to Build Japan's First LNG-Fueled Tugboat

Image: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines (MOL) has announced the company's decision to build an LNG-fueled tugboat.    The new tugboat, the first LNG-fueled tug in Japan, will conform to the IGF code issued in January of this year and is subject to be examined by Japan's Ministry of Land


Samsung Heavy Bags Order for 2 LNG Carriers

Photo: Samsung Heavy Industries

 South Korea’s Samsung Heavy Industries (SHI) has won a $100 million order to build two liquefied natural gas (LNG) carriers for Korea Line, reports Yohnap.   Korea Gas Corp. (KOGAS) has chartered Korea Line to transport LNG from Tongyeong


POSCO Seeks June LNG Cargo via Tender

South Korea's POSCO is seeking a liquefied natural gas (LNG) cargo for delivery on June 26 to 30 via tender, trade sources with knowledge of the tender said on Friday.   The tender will close on May 22, the sources added. (Reporting by Mark Tay; Editing by Christian


Dynagas Closes USD 480mln Term Loan B

Photo: Dynagas

 Dynagas LNG Partners, an international owner and operator of liquefied natural gas (LNG) carriers, announced  the closing of a USD 480 million Senior Secured Term Loan B facility (the "Term Loan B") by its wholly-owned subsidiary, Arctic LNG Carriers Ltd.  


BP to supply LNG to Indonesia

Photo: BP

 BP has signed an agreement with Indonesian state-owned power utility Perusahaan Listrik Negara (PLN) to supply 16 LNG cargoes annually from Tangguh project during the period 2020 to 2035, Reuters reported.   The Indonesian oil and gas regulator SKKMigas said that the supply will be


In Demand: Hoegh LNG’s Sveinung Stoehle

The business model: Hoegh LNG president and CEO, Sveinung Støhle. Photo: handout

Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”


TMC Tallies another Höegh FSRU Deal

Vessel under construction at Samsung Heavy Industries to be delivered Q2 2019. (Photo: Höegh LNG)

TMC Compressors said it has secured a contract from Samsung Heavy Industries to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean shipyard is building for Höegh LNG.   


Caterpillar Marine Plans LNG Test Site

Photo: Caterpillar

With eyes on the future of liquefied natural gas (LNG) in the maritime sector, Caterpillar Marine said it will unveil a first-of-its-kind LNG test bed for gas-fuelled engines at its facility in Kiel, Germany where the company will aim to improve understanding of related technology and enhance its


Pasha Hawaii Taps Keppel Fels to Build LNG-Fueled Boxships

A rendering of one of Pashas planned LNG fueled containerships. (CREDIT: Pasha)

Delivery of First Vessel Planned for Early 2020.   Honolulu-based Pasha Hawaii today announced that the company has selected Keppel AmFELS in Brownsville, TX, a subsidiary of Keppel Offshore & Marine (Keppel O&M) for the construction of two new Liquefied Natural Gas (LNG) fueled


Crowley to Supply LNG in Puerto Rico

Photo: Crowley

Crowley Maritime Corp.’s  liquefied natural gas  (LNG) services group has been awarded a multi-year contract to supply additional volumes of containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico.  






 
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