MOL Sign Methanol Carrier Deal with AMPCO
Mitsui O.S.K. Lines, Ltd. (MOL) say they have received a newbuilding charter contract for two methanol carriers from Atlantic Methanol Production Company LLC (AMPCO) based on an offer tendered in 2013. The vessels will be built at Minaminippon Shipbuilding Co., Ltd. The ships will operate under a long-term charter and the new contract will play a vital role in MOL's strategy of strengthening long-term business. AMPCO, based in Equatorial Guinea, is a leading methanol producer…
Metal Shark Delivers Anti-Piracy Boat
38 Defiant Delivered to Atlanic Methanol for Security and Patrol. Metal Shark Boats has completed delivery of a security, patrol, and anti-piracy vessel for Atlantic Methanol Production Company's operations in Malabo, Equatorial Guinea. The boat is a derivative of Metal Shark's 38 Defiant, a platform already in use as a U.S. Navy, Coast Guard, law enforcement, and commercial vessel. "Metal Shark's capabilities extend far beyond the traditional patrol vessel, and the extensive customization of this boat underscores our capability to build our platforms to meet any security or government need…
New Methanol Projects to Change Chemical Shipping Patterns
New US and Middle East methanol production capacity being added over the next two years will have serious implications for chemical shipping trade flow patterns, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Methanol is one of the top five seaborne chemical commodities accounting for 35 percent of the world seaborne chemical and vegoil trade in 2014. Despite being the largest producer, by both capacity and output,…
CH3OH: Make Room for Methanol
The newest buzz among offshore operators serving the oil and gas rigs in the Gulf of Mexico (GOM) is the increased use of methanol (CH3OH) by oil companies and contract drillers. This has meant more work for supply boats carrying this alcohol product to rigs along with rig water, fuel oil and liquid and bulk mud. Methanol is used to keep the flow lines from the wellhead to the surface of the water from becoming restricted or blocked. Restricted flow from wells is becoming an increasing problem for oil companies and drilling contractors whose bottom line depends on getting every drop of oil from a well. Flow assurance is a critical issue, especially with longer tiebacks in deepwater drilling operations.
Japan, Korea Welcome Methanol-fueled Tankers
Starting on April 18, Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), Westfal-Larsen Management (WL), and Mitsui O.S.K. Lines, Ltd. (MOL) attended the traditional ship naming ceremonies and took delivery of the first Korean and Japanese built methanol-fueled ocean tankers, the Lindanger, Mari Jone and Taranaki Sun. Hyundai Mipo Dockyard hosted the Korean ship naming ceremony, while Minaminippon Shipbuilding Co., Ltd. hosted the Japanese ceremony; where all three of these 50,000 dead weight tonne vessels were built.
MOL Sign Methanol Carrier Deal with MHTL
Mitsui O.S.K. Lines, Ltd. (MOL) says it has signed a contract with Methanol Holdings (Trinidad) Limited (MHTL) to build and charter four methanol carriers. MOL consider that the new contracts will play an essential part in MOL's strategy to strengthen long-term business, as well as enabling the company to renew its methanol fleet by replacing older vessels with ships featuring the most advanced designs. Global demand for methanol is expected to grow and MOL will continue expanding its services to meet the needs of a broad range of customers…
TGS Awards Seismic Survey Contract to Shearwater GeoServices
Shearwater GeoServices, jointly owned by GC Rieber Shipping ASA and Rasmussengruppen AS, has been awarded a new contract by geophysical company TGS. The project is expected to take approximately three months and is scheduled to be completed by the end of September, 2018. For the second consecutive year Shearwater has been awarded a contract for a seismic survey on the Atlantic Margin in the Norwegian Sea. The 2018 survey will cover 5,135 km2 and will be performed by one of Shearwater's high-end 3D vessels.
Methanol a Viable Marine Fuel -Report
Methanol has a "historic opportunity" as a marine fuel, according to a new report published today by research group FCBI Energy. Despite having many attributes that make methanol an attractive, low-emissions marine fuel, it has sometimes been overlooked in policy and industry discussions, according to FCBI Energy, whose report Methanol as a Marine Fuel finds the chemical to be a well-understood and safe to handle as a viable alternative to changing to low sulfur diesel, installing scrubbers or converting to LNG.
MEO Readies Rig
MEO'S long-standing plans to commercialize stranded gas in the Timor Sea are about to move forward with the arrival off Darwin of the West Atlas jack-up drilling rig. The newly constructed rig, owned by Seadrill, has been shipped from Singapore on the semi-submersible open-deck heavy-lift transport carrier Blue Marlin. The transporter is able to sink its load deck below sea-level to allow equipment to be floated off without using cranes. MEO, which used to be Methanol Australia, is planning a gas-to-liquids project in the Bonaparte Gulf using its 100 per cent-owned Tassie Shoal LNG project and the 50 per cent-owned Tassie Shoal ethanol project about 275km northwest of Darwin. The West Atlas rig will be towed to the Heron-2 well location in permit NT/P68 in the next week.
MOL Methanol Carriers Win Technology Awards
Mitsui O.S.K. Lines (MOL) announced that a series of three MOL-operated 50,000 DWT methanol carriers — the Taranaki Sun, Manchac Sun, and Cajun Sun - received the "Technology Special Prize" in the Ship of the Year 2016 awards sponsored by The Japan Society of Naval Architects and Ocean Engineers (JASNAOE). Every year, the Ship of the Year judges select the made-in-Japan vessels that represent the highest levels of technology, design and social responsibility. The Technology Special Prize goes to the most technologically advanced ships…
Better Outlook for Chemical Tankers
Subdued ordering and a narrowing in the tonnage supply-demand gap from late 2018 is expected to support a recovery in the chemical shipping market, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Drewry estimates that tonne-mile demand of chemical commodities will grow at 3.8% on a year-on-year basis in 2017, of which the organic trade is likely to grow only at 1.5%. By contrast, inorganic and vegoil tonne-miles are expected to increase by 6.3% and 6.5%.
First Methanol-fueled Tanker Launched
Launched at the Hyundai Mipo dockyard in Ulsan, South Korea, the newly built Lindanger is the world’s first methanol fueled ocean-going vessel. The ship is the first of two dual-fueled 50,000 dwt tankers owned by Norwegian firm Westfal-Larsen that will be chartered to global marine transportation company Waterfront Shipping. With a MAN designed Hyundai–B&W 6G50ME-9.3 ME-LGI dual-fuel, two-stroke engine on board, the Lindanger can run on methanol, fuel oil, marine diesel oil or gasoil.
Shipping Sector Emissions: LNG, Methanol Lead the Pack
A recent JRC report finds that fuels like liquefied natural gas (LNG) and methanol are the most promising alternatives to drive decarbonisation of the shipping sector and ultimately contribute to the fight against climate change. Market penetration by alternative fuels has already begun with ship builders, engine manufacturers and classification societies by introducing greener ships running on cleaner fuels. Shipping is more fuel-efficient than road transport: it requires 2-3 grams of fuel per ton per km, compared to road transport by truck which is about 15 grams of fuel per ton per km.
OPK Shipyards Launch Platform Supply Vessel
On September 8, 2009, Severnaya Verf shipyard, a part of United Industrial Corporation (OPK), launched a vessel for oil-rig platform provision, also known as the project VS 485 PSV. The vessel for oil-rig platform provision is equipped with special capacities and cargo system for transportation of oil-rig mortar, friable freights, methanol and general freights on the open deck. Also, the vessel is equipped for the participation in rescuing, evacuation and fire fighting missions around the oil-producing platforms in the North Atlantic. Norway Company Solvik Hull Supplies AS is the customer of this vessel, and the designer Norway Company Vik-Sandvik AS.
Atlantic Navigation Calls Off Equity Sale to Gulf Navigation
Atlantic Navigation Holdings said that discussions pertaining to sale of a substantial equity stake to Gulf Navigation Holding have terminated because the parties involved could not reach an agreement on the definitive terms. "The deal calling for the sale of a substantial equity stake in Atlantic Navigation to Gulf Navigation Holding PJSC is no longer on the table," said a press release from the company. In a stocke exchange announcement, Atlantic Navigation aid before Monday's trading hours it has entered into an US$8.5 million loan agreement…
Contract Makes First Commercial ME-LGI Engine Reality
Vancouver-based Waterfront Shipping has confirmed its Methanol Carrier Project for a series of 50,000-dwt methanol carriers, each powered by an MAN B&W ME-LGI main engine running on methanol. The confirmation stems from a Letter of Intent MAN Diesel & Turbo and Waterfront signed in July of this year. MAN Diesel & Turbo officially designates the ME-LGI engine as ME-B9.3-LGI. In collaboration with leading shipping lines, Waterfront reports that it is behind the 2+1 × 6G50ME-LGI engines ordered by Westfal-Larsen, the 2+1 × 7S50ME-B9.3-LGI by Mitsui O.S.K. Lines (MOL), and the 1+1+1 × 6G50ME-LGI with Marinvest/Skagerack Invest. Hyundai Mipo Dockyard Co., Ltd.
Successful North Sea Methanol Monitoring Trial
LUX Assure launches chemical monitoring product after successful field trial with North Sea Operator. LUX Assure, a company specialising in the development of chemical monitoring technologies for the oil and gas industry, has launched its first product to market following a number of successful field trials with North Sea oil majors. The Aberdeen-based firm is forecasting £100,000 of sales in 2012, with an expected accessible global market of over £1million per year. OMMICA is…
LR to Class First Methanol-powered Sea Vessel
Ropax vessel Stena Germanica will soon be converted to a dual-fuel methanol propulsion system at Poland's Remontowa shipyard. The 240-meter-long, 1,500-passenger ferry, which will be converted over a 45-day period from 28 January, 2015, will reportedly be the world's first ever methanol-powered sea vessel. Approval and classification will be by surveying teams from Lloyd's Register (LR). Preliminary tests on a methanol-modified Wartsila engine 6ZAL40S similar to the Germanica's were overseen in Trieste by five LR teams from our Copenhagen, Trieste, Gotheburg, Venice and Southampton offices.
Gulf Energy Maritime Takes Delivery of Tanker
Gulf Energy Maritime has taken delivery of the second of 13 double-hulled tankers on order with Korea’s Hyundai Mipo Dockyard (HMD) in less than three months. The $57m Gulf Elan is the eighth double-hulled tanker in GEM’s growing fleet. The company is to receive another 11 of the total order book of 13 ships valued at $590 million by 2009 end. The ship was named by lady sponsor Jane Slemeck, wife of Mark Slemeck, managing director of Kingfish Services Ltd., London-based operators for IPC/Itochu Petroleum which has time chartered the ship for one year. Gulf Elan will follow the trading path of its sister ship, Gulf Esprit, delivered to GEM last November, by going into time charter with Oman Methanol Company, a subsidiary of Oman’s giant Omzest Group, on a 15-year deal.
Team Tankers International Acquires Two Firms
Team Tankers International announced that the acquisitions of Laurin Shipping AB and Anglo-Atlantic Steamship Company have been completed. The Bermuda-based chemical tanker company on 28 February 2018 and 23 March 2018 regarding its agreements to acquire all of the outstanding shares in each of Laurin Shipping AB and Anglo-Atlantic Steamship Company Ltd. The preliminary purchase prices payable at closing for the shares in Laurin Shipping AB and Anglo-Atlantic Steamship Company Ltd. have been estimated to USD 10.4 million and USD 55.3 million respectively.
First Ship with Fire Safety Adapted to Methanol
The world’s first ship to run on methanol will soon sail international waters after the fire risk assessment by SP Fire Research was approved. Methanol has long been handled with traditional fire protection in cargo pump-rooms on tankers, but a deeper understanding of the fuel called for a new approach to design fire safety. The Stena Germanica is a ro-pax ferry that brings vehicles and passengers across the Baltic Sea. This area is, together with the North Sea and the English Channel…
MAN Demonstrates Two-Stroke Methanol Engine Concept
MAN Diesel & Turbo successfully demonstrated its ME-LGI concept engine in front of customers and partners at its Diesel Research Center in Copenhagen on March 17th, the company announced today. “A number of years ago we identified the need to develop an engine that could run on more environmentally-friendly, competitively-priced fuels as an alternative to MDO/MGO," said Vice President and Head of R&D, Søren H. Jensen. "We believe the ability of the ME-LGI engine to run on sulfur-free fuels offers great potential. Methanol carriers have already operated at sea for many years.
Petrobras starts production of Búzios field, Santos Basin
Petrobras started (20/4) the production of the Búzios field, in the pre-salt of the Santos Basin, through the platform P-74. Búzios is the first field in production under an Onerous Assignment regime. The P-74 is located about 200 km off the coast of the state of Rio de Janeiro, at a water depth of 2,000 meters and is the thirteenth platform to enter into operation in the Brazilian pre-salt. Due to the high production potential of Búzios, in addition to the P-74, between 2018 and 2021 four more platforms will be destined for this field…