New Gas Shipping Firm Formed
Bergesen d.y. Group ASA plans to set up with A.P. Moeller a new gas shipping firm, Skandigas Ltd. Skandigas will specialize in semi-cooled gas ships of between 8,000 cubic meters and 22,000 cubic meters. Skandigas will be the main company in a new pool. Bergesen said that its partners in the Handygas- and Igloo-pools and A.P. Moeller's partners in the Moeller Semiref Pool, would be invited to participate in the new pool. The new pool will be marketed by the Danish partner and will begin operations from November 15 dependent on approval from existing pool partners, Bergesen said.
Trelleborg Trains USCG on Liqufied GasTransport
Trelleborg’s marine systems operation has again supported the U.S. Coast Guard by delivering a third training session in ensuring the safe, secure and clean transportation and use of liquefied gas in U.S. waters. As liquefied gases become a major commodity across the U.S., there is a critical need for the coast guard community to understand the systems used on board liquefied gas ships and how these work with onshore facilities. Richard Hepworth, President, Trelleborg Marine Systems, explained, “The liquefied gas industry is now well-established in the U.S, particularly along the Gulf Coast. Understanding how to carry out ship to shore connections for both liquefied gas carriers and fueling operations is essential for all coast guard personnel…
BW Gas Floating LNG Terminal Arrives in Egypt
A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie told Reuters. The floating storage and regasification unit (FSRU) provided by Singapore-based Norwegian gas shipping company BW Gas will allow Egypt to import LNG and reconvert it to natural gas to feed into the energy-starved country's power grid. Reporting by Abdelrahman Adel
Man-Made Island Proposed for LNG Terminal
Atlantic Sea Island Group, announced that they have received notification from the United States Coast Guard that their application to create an LNG deepwater terminal on a 60.5 acres constructed island 13.5 approximate miles south of Long Beach, Long Island, has been deemed "complete" and allows the regulatory, oversight and review process to continue pursuant to federal regulations. Far from population centers and outside of vital shipping lanes, Safe Harbor Energy will have the capacity to deliver 2 billion cubic feet of natural gas each day to 65 million consumers, ending the area's dependence on natural gas shipped up from the Gulf Coast some 1,200 miles away.
Osprey Maritime Gets Extension
Oil and gas shipping firm Osprey Maritime's bankers have agreed to an extension through the third quarter of 2002 of $362 million in short term loans. The facilities were originally repayable on July 20, 1999. The outlook for Osprey, which has a total debt of $813.7 million as of June 30, 1999, hinged on the outcome of its talks with bankers to extend its short term loans. The debt was incurred following its multi-million acquisition of Gotass Larsen Shipping Corp in 1997.
Daewoo wins $1.1B LNG Orders
South Korea's Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipyard, said on Monday it has won orders worth $1.1 billion for four LNG (liquefied natural gas) ships. The company said in a filing to the Korea Stock Exchange Bergesen of Norway had placed an order for three LNG carriers, although did not give the buyer of the fourth ship.
Daewoo Wins $515M Contract
Daewoo Shipbuilding and Marine Engineering reportedly has won a $515.8 million order from Teekay Shipping of Canada to build three LNG (liquefied natural gas) ships, with delivery due in April 2007.
Maersk Tankers: 13% Employment for 2012
According to Bloomberg report, Maersk Tankers, the oil and gas shipping unit of A.P. Moeller-Maersk A/S, has secured employment for about 13%of its fleet’s earning days next year, compared with 24 percent for the remainder of 2011. (Bloomberg)
Petronet LNG to Float Subsidiary
Natural gas importer Petronet LNG Ltd (PLL) plans to float a shipping subsidiary overseas to haul gas to its greenfield re-gassification terminal of 2.5 million tonnes per annum capacity proposed at Kochi in Kerala. The diversification plan has been unveiled in the tender conditions stipulated by Petronet for selecting ship owners and operators for transporting LNG to the Kochi terminal. This is a departure from the first two shipping tenders finalized by Petronet for hauling gas from RasGas in Qatar to Dahej in Gujarat, wherein it holds a 15 percent stake each in the first two tankers and 23 percent stake in the third tanker. The recent tender floated by Petronet for time chartering two LNG tankers of 165…
New LNG Bunker Fuel Technical & Safety NGO Formed
The Society For Gas as a Marine Fuel (SGMF) is launched as new Non-Governmental Organisation to enhance safety and best practices in the use of LNG as a ship fuel. Following a decision to proceed by the Board of Directors of the Society of International Gas Tanker and Terminal Operators (SIGTTO) at its spring meeting in Houston, the Society for Gas as a Marine Fuel (SGMF) is to be established as a new non-governmental organisation (NGO). “The use of LNG as a marine fuel presents a major challenge for the shipping industry over the coming years,” states Luc Gillet, SIGTTO President. “I am pleased that SIGTTO is playing a leading role in the launch of this new NGO.
Gas Ships: A Multi-Billion Opportunity
A number of factors, including instability in world oil markets at times, the return of bitter cold winters to the energy-hungry U.S. Northeast, and advances in the collection, transportation and cost-effective delivery of (primarily LNG) gas, have conspired to make this the decade of gas, and hence the decade of gas ships. According to the latest statistics from Lloyd's Register, up to 50 ships over the next 10 years will be required for delivery, given the LNG maintains its current eight percent growth rate. As the average 138,000 cu. m. LNG tanker is going for about $150 million, according to World Gas Intelligence, this makes an approximate market of $7.5 billion over the next decade, on the LNG side alone.
Gas Ship Design Challenges
Sophisticated they may be, but the designs of today's LNG, LPG and ethylene carriers are in reality based on the simple parameters of the ideal gas laws governing the relationships between pressure, temperature and volume. In addition, the materials in direct contact with the cargo must be matched with the properties and characteristics of the cargo. The key to the designs is the atmospheric boiling temperature of the cargo, i.e. ambient for fully pressurised LPG, -33 deg. C for anhydrous ammonia, -48 deg. C for propane, -104 deg. C for ethylene and -163 deg. C for LNG. In terms of fleet numbers the total number of gas ships is small compared with oil tankers, general cargo ships or passenger vessels.
Dung Quat Inks $200m Freighter Deal
The Dung Quat Shipbuilding Industry Corporation and the Oil and Gas Shipping Investment Joint Stock Co on Tuesday signed a contract to construct ten 54,000-DWT freighters in a deal worth about $200 million. The vessels were designed by the Shipbuilding Science and Technology Institute, and are 190m long and 32m wide. Dung Quat Shipbuilding Industry Corp is expected to complete the first freighter by June 2008, and the remaining nine in four month intervals there after. Last month, Dung Quat Corp began building a 104,000 DWT oil tanker, which will be the largest such vessel ever made in Viet Nam when completed. Christened "Dung Quat 1", the ship will be 245m long and 43m wide, and cost $56 million.
KVH and ViaSat Expand to Persian Gulf
Crews on commercial oil and gas, shipping, and government vessels in the Persian Gulf now have access to affordable broadband Internet and crystal-clear telephone service throughout the region with the recent expansion of the mini-VSAT Broadband(SM) service from KVH Industries (NASDAQ:KVHI) . The new coverage area brings affordable satellite communications to a region where secure real-time communications are a necessity, via KVH's rugged TracPhone(R) V7 hardware. In addition to providing service to the KVH mini-VSAT maritime system, this expansion also extends the ViaSat Yonder(SM) mobile network for in-flight broadband to business and commercial aircraft.
Gas Ship Expertise Expands Houlder’s Offering
Marine design and engineering company Houlder announced the formation of an LNG project team in its London headquarters. Ian Meaden, Des Upcraft and Lijo Thomas joined the team this month to work exclusively on developing LNG projects in response to market requirements. The company said its new talent investment means it can build on its current LNG equipment projects to help with all aspects of marine design, engineering and project management from initial FEED study to implementation.
Dorian LPG Takes Delivery of Five Newbuilds
Dorian LPG Ltd took delivery of five vessels under our ECO-design VLGC newbuilding program, the Continental, the Constitution, the Commodore, the Cresques and the Constellation. "We continue to find prompt employment out of the yard for our newbuildings, which highlights the underlying strength of the VLGC freight market and the success of the Helios LPG pool. The strong rate environment and our young, quickly-growing fleet have allowed us to generate results ahead of our expectations," John added. It has also reported fiscal second-quarter profit of $41.2 million.
Exmar Optimistic About Gas Carrier Market into 2015
Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter and was expected to remain good in spite of new vessels being delivered in 2015. The group said its LNG business unit generated $8.5 million in operating profit in the third quarter, up from $7.8 million last year, while its LPG fleet saw an earnings spike to $15.6 million from $5.2 million last year mainly due to the sale of a vessel.
Offshore LNG Gets OK for Project
Mass. environmental regulators have given a tentative ok to another proposed offshore LNG unloading buoy off of Gloucester, after getting about $23.5m in concessions to offset any damage to the fishing industry. The Massachusetts Office of Environmental Affairs issued a certificate of approval to Suez LNG to one day bring specially designed liquefied natural gas ships off the state coast and then pump gas through undersea pipelines to storage tanks on land. The more than $1b Suez proposal is the second LNG offshore project approved by the environmental agency. Excelerate of Texas recently got the agency’s blessing for a similar project - with the same $23.5 million in mitigation concessions.
Marlink Signs Multiple Broadband Maritime Agreements
Marlink said that its office in Dubai, United Arab Emirates, initiated the sales of 10 maritime broadband communications systems during the first half of 2006. Marlink Dubai’s most recent agreement is a three-year pact with CCC Underwater for a broadband very small aperture terminal (VSAT) system aboard the CCC Pioneer. The vessel is designed for offshore construction including pipe and cable laying and will be operating in waters throughout the Middle East and off the coast of India. The new VSAT system provides communications that will enable the CCC Pioneer to increase operations efficiency while at sea as well as give the crew an effective means of staying in touch with family and friends at home. Installation of the system is scheduled for September.
Dorian LPG Announces Delivery of the "Corsair"
Dorian LPG Ltd., a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), today reported that it has taken delivery of the ECO VLGC "Corsair" from Hyundai Heavy Industries. The "Corsair" will initially trade in the spot market and is the second newbuilding to be delivered to the Company this year. Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG currently owns and operates five modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG has 17 ECO VLGC newbuildings under construction. Dorian LPG has offices in Connecticut, USA, London, United Kingdom and Piraeus, Greece.
Dorian LPG Receive Second New VLGC
Dorian LPG Ltd. operators of Very Large Gas Carriers ("VLGCs") says it has received the 'Corsair', the second VLGC in its newbuilding program. ECO VLGC "Corsair" was delivered from Hyundai Heavy Industries and will initially trade in the spot market. Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG currently owns and operates five modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG has 17 ECO VLGC newbuildings under construction.
UAE Plans Floating LNG Import Terminal
State-owned Abu Dhabi National Oil Co. (ADNOC) plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources said. The floating import terminal is being supplied by U.S. gas shipping company Excelerate Energy, the sources said. Both ADNOC and Excelerate Energy did not respond to requests for comment. One of the sources said the terminal's import capacity will be about 1 million tonnes per annum. The UAE already imports LNG via a floating terminal supplied by Excelerate Energy off the coast of Dubai.
Excelerate Energy Reduces Size of its LNG Trading Desk
U.S. gas shipping company Excelerate Energy has laid off six staff on its global liquefied natural gas (LNG) trading desk as part of a reorganisation, a spokeswoman at the company said on Friday. Texas-based Excelerate said the commercial trading and chartering team was being downsized, but the company would continue to be active in those areas. Founded by Oklahoma billionaire George Kaiser, Excelerate currently owns the world's largest fleet of floating LNG import terminals, with a total of nine floating storage and regasification units (FSRUs).