Marine Link
Sunday, January 21, 2018

Lng Carriers News

Elengy LNG Trans-Shipment at Montoir-de-Bretagne

LNG transshipment at Montoir-de-Bretagne terminal. Photo: Elengy

Elengy, a unit of the French energy company and LNG player Engie, said that the LNG receiving terminal in Montoir-de-Bretagne, managed by the company, has just performed a new generation LNG transshipment. The ice-class LNG carrier Fedor Litke (170 000 cm capacity) has delivered to the LNG Jurojin (155 000 cm capacity) an LNG cargo the size of the yearly gas consumption of a city like Nantes. This was done safely during an twin call thanks l. The LNG was transferred through the cryogenic pipelines linking directly the two berths, without going through the terminal’s tanks.

Schulte Group Buys LNG Specialist PRONAV

Image:  Bernhard Schulte Shipmanagement

Hamburg shipowning and management group Bernhard Schulte has signed a contract for the acquisition of 100% of the shares in the prestigious LNG ship manager PRONAV - subject to merger approval of the German Federal Cartel Office (Bundeskartellamt). The worldwide operating Schulte Group owns about 100 vessels (mainly container, tanker, bulker) and manages 600 vessels in all segments. PRONAV, based in Hamburg, is an internationally renowned ship manager specialized in large LNG tonnage.

MOL Acquires Seafarers Manning Company

Group photo of MOL Maritime (Europe) B.V. and MOL management provided  by MOL

Japan's Mitsui O.S.K. Lines (MOL) has announced that MOL acquired 100% of the issued shares of Azalea Maritime B.V. on December 21st, 2017. Azalea Maritime changed its name to "MOL Maritime (Europe) B.V." on January 1st, 2018. MOL will enhance providing top-quality seafarers for MOL-operated LNG carriers and tankers and continue to aim to become a world leader in safe operation. MOL Maritime (Europe) B.V. as a manning company, will continue to support MOL safe operation, while inheriting Azalea Maritime's accumulated experience with European seafarers and know-how of the manning business.

Korea to be Shipbuilding Leader Again: President

President Moon Jae-in (left) smiles as he receives a model of the icebreaker LNG carrier tanker `Vladimir Rusanov` from Daewoo Shipbuilding and Marine Engineering CEO Jung Sung-leep, at Daewoo`s Okpo Shipyard in Geoje, Gyeongsangnam-do Province, on Jan. 3. Photo:  Office of the President

President Moon was visiting Daewoo Shipbuilding and Marine Engineering`s Okpo Shipyard in Geoje, Gyeongsangnam-do Province, to inspect the shipbuilding yard of an icebreaker arctic liquefied natural gas (LNG) tanker. “The government will protect and bring up your hope,” he said. The icebreaker LNG carrier the president inspected is equipped with state-of-the-art technology that`s specialized in polar regions. It enables the ship to safely navigate cold weather in temperatures as low as minutes 52 C.

TEN Sells, Leaseback Two Suezmax Tankers

Image: Tsakos Energy Navigation

Greece-based Tsakos Energy Navigation (TEN)  has announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005-built Suezmax tankers Eurochampion 2004 and Euronike. The sale proceeds have been used to reduce debt and add $16.0 million of cash to TEN’s balance sheet. The vessels were delivered to their new owners in late December 2017. “Following the 15-vessel renewal program that was completed last quarter, the sale and purchase of vessels remains an integral part of TEN’s strategy to maintain its owned fleet modernity and enhance liquidity…

TMS Cardiff Gas Places Order at HHI

(Photo: TMS Cardiff Gas)

TMS Cardiff Gas said it signed a contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of one 174,000 cubic meter liquefied natural gas (LNG) carrier, with an option for a second vessel.   The newbuild is scheduled for delivery in 2020, when she will enter into a seven year time charter contract with TOTAL Gas & Power Chartering, Limited.   This order is the first in the company’s X Carrier Series, which expands the TMS Cardiff Gas fleet of managed vessels to 10 (six LNG carriers and four VLGCs).

GasLog: New Shipbuilding Order with SHI

Image: GasLog Ltd

GasLog , an international owner, operator and manager of liquefied natural gas (LNG) carriers, has announces that it has ordered a newbuild 180,000 cubic meter vessel with XDF propulsion from Samsung Heavy Industries (SHI) that is scheduled to  deliver in the third quarter  of 2019. This vessel is currently unchartered but its early delivery means that it is expected to deliver into a strong LNG shipping market. Paul Wogan, Chief Executive Officer of GasLog Ltd., commented, "I am very pleased to announce this expansion in our fleet.

Pertamina Delivers First LNG Cargo to Nusantara FSRU

Photo: PT Pertamina(Persero)

Indonesia's government controlled PT Pertamina said that the first LNG cargo produced with the gas sourced at the field has been delivered to the Nusantara Regas’ Nusantara FSRU in the Jakarta Bay. The shipment is the first LNG cargo since the official PHM became the operator of the Mahakam block as of January 1, 2018. The LNG gas cargo of 2 million per million british thermal units (MMBTU) is delivered to Nusantara Regas One's floating storage and regasification units (FSRU) in Jakarta Bay. The LNG Carrier Aquarius ship carried the LNG gas cargo on Thursday, (4/1).

GTT to Design LNG Tanks for Korean Shipyard

(Left) Tank of a LNG fuelled vessel and (Right) Tank of a LNG fuelled containership. Image: Gaztransport & Technigaz

GTT received at the end of 2017 an order from a South Korean shipyard regarding the design of the LNG tanks of a new LNG carrier. Its delivery is scheduled for the first quarter of 2020. GTT will design the LNG tanks of the unit, allowing for a capacity of 174,000 m3. The insulation solution Mark III Flex has been chosen for its ability to reduce the daily guaranteed Boil-Off gas rate to 0.085% of tank volume. 48 vessels in service already benefit from this technology. The shipowner and shipyard's names are kept confidential at this stage.

Andreas Silcher Negotiates LNG Carrier Contracts

Andreas Silcher. Photo: Haynes and Boone

Partner Andreas Silcher in Haynes and Boone’s London office represented TMS Cardiff Gas in its contract with Hyundai Heavy Industries of Korea (HHI) for the construction of one 174,000 cubic meter LNG carrier with XDF propulsion, plus an option for a second vessel. In a press release, TMS Cardiff Gas called the order the first in the company’s X Carrier Series of orders, which expands the company’s fleet of managed vessels to 10. The vessel is scheduled for delivery in 2020, when she will enter into a seven-year time charter contract with TOTAL Gas & Power Chartering, Limited.

Samsung Heavy Bags USD 197 Mln LNG Carrier Order

Photo: Samsung Heavy Industries Co., Ltd

South Korean shipbuilder Samsung Heavy Industries (SHI) has bagged a KRW 210 billion (USD 195 million) deal, for construction of an liquefied natural gas (LNG) carrier. A report in Business Korea said that SHI will ink the contract with a foreign shipping company by the end of the year, Samsung Heavy Industries officials said. The name of the company, however, remained undisclosed. SHI reportedly said it is a “foreign company”. The ship will have capacity of transporting 180,000 cubic meters of LNG and she will be probably delivered in 2020, according to local media.

FLEX LNG Sings TC for First LNGC Newbuilding

Photo: FLEX LNG

FLEX LNG announced that it has entered into a time-charter contract for the LNG carrier newbuilding, Flex Endeavour, to Uniper Global Commodities, a leading international energy company with operations in more than 40 countries, and headquarter in Germany. Flex Endeavour is a state-of-the-art 173,400 m3 cargo capacity LNG carrier equipped with the new high efficiency MEGI propulsion system. The Vessel is currently under construction at DSME, South Korea. The time charter period is for 15 to 18 months commencing immediately upon the delivery from the shipyard in January 2018.

Korean Shipyard Wins LNG Carrier Contracts

LNG Carrier: Photo credit Wiki CCL Wolfgang Meinhart

Hyundai Heavy Industries (HHI) & its affiliated shipyard obtain orders totalling US$1.05 billion to build five liquefied natural gas (LNG) carriers. One of the LNG carriers of 155,000-cubic-metre capacity and worth US$210 million is for Brunei Gas, reports the Oman Daily Observer. HHI's affiliated shipyard, Hyundai Samho Heavy Industries, also won a contract for four 174,000-cubic-metre LNG carriers valued at $840 million from Greece’s Maran Gas. The contract included an option exercisable by the owner for two additional same-class LNG carriers.

BV Launches LNG CAP

Bureau Veritas launched a unique Condition Assessment Program for LNG carriers. The CAP works in a similar way to existing Harmonized CAP programs for oil tankers, but has special requirements unique to LNG carriers. Speaking at the SIGTTO annual meeting in San Francisco today, Bruno Dabouis, commercial manager of BV said, "The LNG market is opening up and there are signs that a spot market for LNG carriers may further develop. That means charterers need to be able to demonstrate that they have taken special care when chartering in older vessels, a new phenomenon in the LNG market. Bureau Veritas, the only classification society present in all types of LNG containment systems and propulsion systems…

ABS and CCS Conduct Joint LNG Forum

Increased interest in the building of liquefied natural gas (LNG) carriers at Chinese shipyards spurred the recent Large LNG Carriers Forum, held in Shanghai, and conducted jointly by classification societies ABS and CCS (China Classification Society) in conjunction with leading LNG operators. More than 150 representatives from the Chinese government, shipowners, shipbuilders, designers, energy corporations and universities attended the forum. Topics presented by leading industry participants Poten & Partners, NYK Line LNG Group and BG Americas included the global LNG market outlook, LNG carrier specifications and LNG carrier operations and fleet management.

Lloyd’s Approves Hyundai LNG Carrier Training Facility

Hyundai Merchant Marine subsidiary has been granted Approved Training Provider status for their facilities and LNG carrier training courses to SIGTTO Training Standards. Lloyd's Register has awarded Approved Training Provider (ATP) Certification to Hae Young Maritime Services Co. Ltd. (HMS), a subsidiary of Hyundai Merchant Marine Co. Ltd (HMM), one of Korea’s largest shipping companies. The HMS Training Center at Busan, Korea trains seafarers under The Society of International Gas Tanker and Terminal Operators (SIGTTO) training standards.

Bergesen Makes Preliminary LNG Agreement

Bergesen has entered into a preliminary agreement with the Algerian oil company Sonatrach for employment of one LNG-carrier for minimum 20 years from delivery. Sonatrach has an option to extend the agreement by maximum five years. The vessel is the third vessel in a series of seven large LNG-carriers ordered by Bergesen at Daewoo Shipbuilding & Marine Engineering Co. Ltd, Korea. The vessel shall be delivered in third quarter 2004. Sonatrach will participate with an ownership share of 50 percent in the vessel with effect from delivery from the yard, but the vessel will be 100 percent financed by Bergesen. Final agreement with Sonatrach is expected to be concluded in the near future.

Hyundai Heavy Wins Orders Worth $1.1 Billion

177,000 cbm LNG Carrier Abdelkader.

Hyundai Heavy Industries, the world’s biggest shipbuilder, today announced the Company had won orders for 4 liquefied natural gas carriers and 1 LNG floating storage regasification unit worth USD 1.1 billion. Hyundai Heavy won orders to build two 162,000 cbm LNG carriers for Golar LNG of Norway on February 10 and two same-class ships for an unnamed European shipowner on February 8. The contract with Golar LNG includes an option exercisable by the Norwegian company for two additional same-class LNG carriers.

Petronas, HHI Novation Agreement with MISC

LNG Ship Puteri Firus (Image by MISC Bhd )

Malaysia’s MISC Bhd and parent Petroliam Nasional Bhd (Petronas) have agreed to build new liquefied natural gas (LNG) carriers worth US$1.1 billion and charter them to another unit owned by the national oil and gas company for up to 20 years. MISC will also extend its charters of five refurbished LNG carriers to Petronas by another 10 years. In a filing with Bursa Malaysia today, MISC said it has signed an agreement for the novation of shipbuilding contracts with Petronas and shipbuilder Hyundai Heavy Industries (HHI) Co Ltd.

GasLog Partners To Buy Three Vessels

Methane Shirley Elisabeth

GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that own and charter the liquefied natural gas (“LNG”) carriers the Methane Alison Victoria, the Methane Shirley Elisabeth and the Methane Heather Sally. GasLog’s fully-owned fleet consists of 19 LNG carriers (including 11 ships in operation and 8 LNG carriers on order), and GasLog has four LNG carriers operating under its…

Green Award for MOL-managed LNG Ship

LNG Carrier Al Zubarah and Its Ship Management Company Earn Green Award Certificate. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the MOL-managed LNG carrier Al Zubarah and its ship management company MOL LNG Transport Co., Ltd. (President: Reizo Funakoshi), received a Green Award Certificate from the independent non-profit Green Award Foundation based in Rotterdam on December 13. The certificate, based on stringent audits, is given to vessels and ship management companies for excellence in safety and environmental protection. The Al Zubarah follows the LNG carrier Dukhan, managed by an MOL LNG Transport (Europe) Ltd. inLondon, which received the same certification in October.

Gas Turbine Powered LNG Carrier Earns Lloyd’s Register AIP

artist rendering of the GE/DSIC LNG carrier

GE Marine and Dalian Shipbuilding Industry Company (DSIC) announced at the SMM 2014 exhibition they have received Approval in Principle (AIP) for their jointly developed gas turbine-powered LNG carrier design. The AIP, issued by Lloyd’s Register, was sought for this LNG carrier since this is an innovative and novel concept not covered by traditional classification rules. It was late 2013 when the three companies initially announced the gas turbine LNG design and then swiftly set out to obtain AIP.

South Korean Yards Expected To Nab 75 Percent of LNG Orders

South Korean shipyards are expected to win about 75 percent of an estimated 48 orders for liquefied natural gas (LNG) carriers this year, industry officials said on Wednesday. "There are virtually no rivals to compete with Korean shipbuilders in making LNG carriers in terms of price and quality," said Yoo Jae-won, a spokesman for the Korea Shipbuilders' Association. Surging demand for environmentally friendly LNG was expected to raise the number of LNG carrier orders to around 48 this year from only 14 last year. "Korean shipbuilders are poised and look likely to grab most of the orders," Yoo said. Daewoo Shipbuilding and Marine Engineering, the world's second-ranked yard, said its LNG orders totalled 10 ships worth $1.7 billion so far this year, with options for 12 more.

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