SHI, Zvezda Partner in Arctic LNG 2 Carriers
South Korean shipbuilder Samsung Heavy Industries (SHI) has announced that it has signed a contract to assist Russian shipyard Zvezda Shipbuilding Complex with the construction of icebreaker LNG carriers for the Arctic LNG 2 project.According to a statement, SHI is selected by Zvezda Shipyard as the partner for the construction of Arctic LNG carriers in Russia thanks to SHI's expertise and technological prowess.The two sides have also confirmed the establishment of a joint venture for cooperation on shuttle tankers where SHI has the highest market share…
Bechtel Bags Rio Grande LNG EPC Deal
US project management services provider Bechtel has won the engineering, procurement, and construction (EPC) contracts totaling $9.565 billion for the LNG export project developer NextDecade-led Rio Grande liquefied natural gas (LNG) project in the US.The fully wrapped lump-sum turnkey (LSTK) EPC contracts include cost, schedule, and performance guarantees, NextDecade said in its statement.The EPC contracts are for the first phase of the Rio Grande LNG project, which consists of three liquefaction trains…
Qatar to Buy Up to 60 New LNG Vessels
Qatar Petroleum (QP) is expected to order 60 new liquefied natural gas (LNG) carriers to serve new customers once it ramps up its annual capacity from the current 77 million tonnes (mt) to 110 mt after building four liquefaction trains by 2024.A report in Gulf Times quoted the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi, who is also president and CEO of QP saying that the state-run oil company has a team, which is in talks with different ship builders worldwide.“It should be between 50 and 60 vessels that we will require to transport the expanded output of LNG.
Keppel Wins New Marine Contracts
Singaporean conglomerate Keppel Offshore & Marine said that it has secured new marine contracts with a combined value of S$300 million (USD 220 mln) through its subsidiaries. According to a press release from the company, the first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea.
China to Push LNG Shipbuilding
China would like to compete with South Korea in the field of building liquefied natural gas (LNG) carriers building.South Korea has won 86 percent of the world's total orders or 52 orders for LNG carriers so far in 2018, according to Clarkson Research. The remaining nine orders were shared by companies from China, Singapore and Japan.Though China leads offshore engineering products and mega container vessel shipbuilding sectors, the country is a laggard in LNG shipbuilding.A recent report in the country's official media China Daily quoted Tan Naifen…
Inside the LNG Shipbuilding Boom
South Korean shipyards have seemingly boxed out rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion.Three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries and Samsung Heavy Industries - have won the more than 50 orders placed for new large-scale LNG tankers for delivery in the next three years, according to data from the…
Hyundai Samho Heavy Bags LNG Capesize Pair Order from H-Line
South Korean midsized shipping company H-Line, owned by local private equity firm Hahn & Co, has ordered two liquefied natural gas (LNG)-powered 180,000 dwt capesizes at Hyundai Samho Heavy Industries (HSHI).A report by Yonhap, quoting the Ministry of Oceans and Fisheries sources, said that the LNG-powered 180,000-ton vessels will be used on a route between South Korea and Australia starting from 2021.According to the Ministry, the bulk carriers will be the first LNG ships in South Korea to sail on a foreign shipping route.Hyundai Heavy Industries Co.…
Uniper Sees Merit in Building LNG Terminal at Wilhelmshaven
Germany's Uniper on Tuesday said it favors a liquefied natural gas (LNG) terminal at the Wilhelmshaven deep sea port on the North Sea coast, less than a week after peer RWE said it secured access to capacity should a rival project at Brunsbuettel go ahead."Wilhelmshaven in particular can be a suitable location, there are many arguments in favour of it," spokesman Leif Erichsen said in a written statement.He cited the port's ability to offer infrastructure for LNG vessels of all sizes and its proximity to the German long-distance gas pipeline grids and underground storage caverns in the norther
Shell, AET Deal for LNG Aframaxes
Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products AET Tankers and Shell International Trading and Shipping Company formalised arrangements for the long-term charter of AET’s two newbuild liquefied natural gas (LNG) dual-fuelled Aframax tankers. AET’s two 113,000 dwt vessels are currently being built by Samsung Heavy Industries in South Korea and are due for delivery from Q3 of 2018. The arrangements will see Shell take both vessels on a long-term charter commencing in Q4 of this year.
Ballast-free LNG Carrier Concept Gets LR Approval
The maritime industry has taken a step closer toward ballast free shipping with the award of a new approval in principle (AiP) at Marintec China on Tuesday. GTT and Dalian Shipbuilding Industry Co. Ltd (DSIC) received AiP from Lloyd’s Register (LR) for their ballast-free shipping solution, a 30,000m³ B-FREE liquefied natural gas (LNG) carrier design, which the developers say could combine environmentally-friendly features, increased efficiency and lower build and operating costs. “While we are still in the initial stage of the project and the design is subject to ongoing change, the initial results are indicating that we will meet our goal of having a ballast-free ship that is equal to, or better than existing conventional designs,” said Ma Yingbin, Vice Chief Engineer, DSIC.
China's Yangzijiang Triples Q3 Profits
Chinese Shipbuilding Group Yangzijiang posted a third quarter net profit of $130 million which is more than a tripling of its profits in the third quarter last year. The group also managed to exceed its target of $1.5 billion in annual orders. This caused the share price to hit a six year high at $1.64 and the group to increase its annual target for orders to $2 billion for this year and and $2 billion for next year. The group expects to construct and deliver up to 50 vessels each this year and the next in spite of increasing steel prices and the Renminbi appreciating against the dollar. Plans to increase capacity were announced that will allow the builder to attract more value added contracts.
South Korea to Build World's Largest LNG-Fueled Ship
In an effort to go green amid looming strict emission rules, South Korea will launch a pilot program to build the world's largest vessel powered by liquefied natural gas (LNG), reports Yonhap. South Korean Ministry of Oceans and Fisheries said it will join forces with local shipyards, builders and state institutes to develop a class of 180,000-ton LNG-propelled vessels. The government launched a task force in January made up of local companies to develop the emerging marine transport sector to comply with the International Maritime Organization's sulfur cap on bunkers…
Vard Wins Two Ferries Contract from Torghatten Nord
Vard Holdings Limited (“VARD”)secured contracts for the construction of two LNG powered car- and passenger ferries for Torghatten Nord in Norway. The total contract value amounts to approximately NOK 600 million. The new car- and passenger ferries are designed for environmentally friendly operations in the Norwegian fjords, with a total capacity that is able to accommodate up to 180 cars and 550 passengers and crew. The ferries of Multi Maritime MM 125FD design will measure 130 meters in length with a beam of 20.7 meters, and will have a speed of approximately 18 knots.
Parker Bestobell to Supply Valves for FSRU Newbuilds
Parker Bestobell Marine has recently completed a contract to supply cryogenic Globe and Check valves made in Sheffield, for Hoegh LNG’s series of five FSRUs (Floating Storage Regasification Units) that are being built at Hyundai shipyard (HHI) in South Korea. The high quality valves were a combination of manual, pneumatic, actuated and check valves in sizes DN15 to DN100 and were approved by the Class society DNV. Duncan Gaskin, Sales Director at Parker Bestobell Marine, said…
UASC, Qatargas and Shell Join to Push LNG as Marine Fuel
Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region. This is the second such agreement signed by Qatargas and Shell in as many months and establishes another core partnership within the shipping industry. The MoU was signed by Qatargas chief executive Khalid bin Khalifa al-Thani, UASC chief executive Jorn Hinge and Qatar Shell Companies managing director and chairman Michiel Kool.
MOL's LNG Carrier KUMUL Delivered
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) in Shanghai on April 29. A naming ceremony was held at the shipyard on April 8. The KUMUL, which was ordered by MOL subsidiary Gemini LNG Shipping Limited (Gemini), is the last in a series of four new-building LNG carriers ordered by MOL to provide LNG transportation for projects in Papua New Guinea. ExxonMobil (*) .
Steel Cut for Costa Cruises’ LNG Newbuild
A steel cutting ceremony was held at Meyer Turku shipyard, Finland for the first of two Costa Cruises ships to be powered by liquefied natural gas (LNG). The ship will sail in October 2019 with a sister ship following in 2021. Costa Cruises’ president, Neil Palomba, announced today that newbuild NB-1394 will be named Costa Smeralda, and added, “The two new Costa Cruises ships are a true innovation and set new standards for the entire sector. Meyer Turku CEO, Jan Meyer, said, “In the last two years…
Asia Pushes LNG as a Bunker Fuel
An increasing number of ships and vessels are using liquefied natural gas or LNG as a clean fuel to comply with the regulations laid by the International Maritime Organization (IMO) across emission control areas. LNG as a ship fuel reduces the emission of sulphur dioxide by 90-95% compared to the conventional petroleum fuels. This factor has propelled the growth of the global LNG bunkering market, says Transparency Market Research (TMR). The market stood at 70 kilo tons in 2013 and is anticipated to expand phenomenally at a CAGR of 63.6% during the period between 2014 and 2025.
First U.S. LNG shipment to cross expanded Panama Canal
The United States will ship its first liquefied natural gas (LNG) cargo through an expanded Panama Canal next week. The waterway shaves distances between export plants dotted along the Gulf of Mexico and Asia to 9,000 miles from 16,000, allowing U.S. producers to better compete in one of the world's biggest gas consuming markets. The size of most LNG tankers had previously prevented them from squeezing through, forcing them to sail around South America instead. Royal Dutch Shell's Maran Gas Apollonia tanker loaded up at Cheniere Energy's Sabine Pass LNG export plant in Louisiana and will arrive at the Panama Canal on July 25, according to Kpler LNG, a shipping analysis firm. Shipping data shows the vessel to be heading in the direction of Panama.
First US LNG Shipment Goes to China
The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that the expanded Panama Canal is allowing U.S. exports to reach the world's top LNG buyers in Asia. Royal Dutch Shell's Maran Gas Apollonia loaded up with gas at Cheniere Energy Inc's Sabine Pass LNG export plant in Louisiana, the map showed. It passed through the canal earlier this week and was moving northwest up the west coast of Mexico on Friday afternoon.
Focus on Safety, Future Drive Operator Success
The hallmarks of a successful vessel operator are the same whether they are carrying liquid, physical or human cargo: A laser focus on safety, a twin commitment to customers and crew, and the vision to embrace and invest in the future. However obvious the bar, it is not easy to meet. “I don’t think there is any magic formula,” says Rob Grune, senior vice president and general manager, petroleum services, Crowley Marine Solutions. “The difference is that everything we work on regards providing a high quality of service to customers, pays off. In a rising market, it’s easy to do well.
Shell Building LNG Bunker Vessel
Shell last week confirmed its plans to build a specialized LNG bunker vessel to deliver to LNG-fuelled vessels in northwest Europe. The new vessel will be based at the port of Rotterdam in the Netherlands, and will load from the new LNG break bulk terminal and jetty to be constructed by the Gas Access to Europe (Gate) terminal. It will also be seagoing and, therefore, able to bunker customers at other locations. Demand for LNG as a fuel in the shipping industry is increasing, due to emissions reduction requirements scheduled to come into force in January 2015…
GTT Grants License to India's CSL
GTT grants a License Agreement to Cochin Shipyard Ltd. GTT (Gaztransport & Technigaz) announced it has granted a License Agreement to Cochin Shipyard Ltd. (CSL) for the construction of LNG carriers using GTT's membrane containment systems. CSL, the first Indian shipyard to be licensed by GTT, received this license after completing the GTT qualification process including membrane tank mock-up installation. Commodore K Subramaniam, Chairman and Managing Director of CSL, declared, "Obtaining this technology has made a significant positive change to the technical competence and stature of this yard. Going forward, we feel that this technology would help the yard to tap the huge shipbuilding prospects in the LNG vessel segment.