Yamal LNG Fills-up 100th Tanker
Novatek’s Yamal LNG plant in the Russian Arctic has shipped its 100th tanker-load – bringing the total volumes shipped by the plant to 7.4 mt since it entered operations in December 2017.The ice-class Arc7 LNG carrier Fedor Litke was the 100th tanker to be loaded with LNG, the company reported. Total amount of LNG shipped under Yamal LNG project – 7.4 million tonnes.Yamal LNG, one of the largest and most complex LNG projects in the world, is constructing a 17.4 mtpa natural gas liquefaction plant comprised of three LNG trains of 5.5 mtpa each and one LNG train of 900 thousand tons per annum…
DynaGas LNG Partners in the Red in Q3
Monaco-based owner and operator of liquefied natural gas (LNG) carriers, reported a third-quarter ended September 30, 2018 loss of $654,000, after reporting a profit in the same period a year earlier.The gas shipping company said that the Q3 results included $2.3 million of scheduled class survey and dry-docking costs related to the Yenisei River, one of the three tri-fuel diesel engine (TFDE) vessels in our fleet.The company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.
Fast Delivery of Beloe More to Siberian Harbor Before Winter
The Beloe More recently joined its sister vessel Severnaya Dvina in the Port of Sabetta, northern Russia. The 2,000 m3 hopper dredger was delivered from stock to FSUE ROSMORPORT. The customized hopper dredger will perform maintenance duties and execute capital dredging in the newly created harbor.The Beloe More - meaning ‘White Sea’ in Russian - is not the first vessel Damen has delivered to ROSMORPORT. As Vadim Akimov, Damen Sales Director, explains : “ROSMORPORT is the Russian enterprise responsible for the accessibility of all major Russian sea ports.
Russian Arctic LNG Debuts on NSR to Asia
A landmark Russian Arctic liquefied natural gas (LNG) shipment has begun its journey through the Northern Sea Route (NSR) to Asia, marking the delayed start of summer navigation as thawing sea ice clears a short-cut to the world's biggest LNG market. The $27 billion Yamal LNG plant developed by Russia's Novatek and France's Total despite U.S. sanctions started exporting in December, but cargoes ferried on ice-class LNG tankers have sailed to Europe. From there, Yamal's LNG was…
Market Volatility Affects Sovcomflot
Sovcomflot is one of the world’s leaders in energy shipping as well as in servicing offshore upstream oil and gas projects. It has reported lower time charter equivalent revenue (TCE) of USD 1,142.2 million (2015: USD 1,240.1 million), EBITDA of USD 706.5 million (2015: USD 780.1 million) and net profit of USD 206.8 million (2015: USD 354.5 million). Sergey Frank, President and CEO of Sovcomflot said: “Sovcomflot has delivered a solid set of results for 2016, despite market volatility in a year that has severely tested our industry.
First Icebreaking LNG Carrier Ready for Service
The world’s first icebreaking liquefied natural gas (LNG) carrier, Christophe de Margerie, has berthed at the gas terminal at Sabetta Port in Russia, becoming the first vessel to do so. Built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) in South Korea, the tanker was designed to order for SCF Group, specifically to serve Russia’s Yamal LNG project, and transport LNG year round in the difficult ice conditions of the Ob Bay and Kara Sea. On March 30 the vessel’s master…
GAC Pushes Further into the Arctic with Polar Logistics Group
GAC Norway AS and Polar Logistics Group ApS (POLOG) formed a strategic partnership to further strengthen GAC's network within the Arctic Circle. The move is the latest stage in the company's Arctic strategy to better serve the region by bringing together organizations and individuals to create a unified network of expertise, experience and local resources. By combining GAC's shipping, logistics and marine expertise with POLOG's network throughout Greenland and ability to meet remote location logistical needs from ice runways to mountaintop camps…
Dynagas Partners inks long-term deals for two LNG Vessels
Monaco – March 31, 2016 –Dynagas LNG Partners LP. * Gazprom Global LNG Limited has extended its current charter for the 2007-built LNG carrier Ob River, on the same terms, until May 1, 2018 (plus or minus 15 days). In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom Marketing and Trading Pte. Ltd., an affiliate of Gazprom, for the Ob River, which is expected to commence immediately following the vessel’s redelivery from its current charter with Gazprom, for a period of 10 years (plus or minus 15 days).
Dynagas Clinches New Time Charter Contracts
Dynagas LNG Partners, the owner and operator of LNG carriers, has signed an extension and two new charter deals with Gazprom for the 2007-built Ob River until May 1, 2018. In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom Marketing and Trading Pte. Ltd., an affiliate of Gazprom, for the Ob River, which is expected to commence immediately following the vessel's redelivery from its current charter with Gazprom, for a period of 10 years (plus or minus 15 days).
Cash Lures LNG Carriers to Northern Sea Route
One major new development on the Northern Sea Route is the interest in using it to move liquefied natural gas to energy-hungry Asian markets, writes Stan Jones of the Office of the Federal Coordinator, Alaska Natural Gas in a recent article. Late last year, the LNG carrier Ob River hauled the first LNG cargo over the route, from Norway to Kyushu Electric Power in Tobata, in southern Japan. The icebreaker-escorted trip, from the Snohvit LNG terminal in Hammerfest, took 27 days, and that was in November and December, late in the season.
Northern Sea Route Clicks Up Record Transits
46 vessels have transited through Northern Sea Route as this year's navigation season comes to an end. Never before have so many vessels used the Northern Sea Route for cargo transport between Europe and Asia. and never before has so much cargo been transported along the route, reports the 'Barents Observer'. Although the season is not yet completely over – there are still two Finnish icebreakers in westbound transit from Alaska to Denmark – there has been a tenfold increase in the number of vessels using the Northern Sea Route during the last two years.
World's First Northern Sea Route LNG Tankship Transit
Gazprom successfully completes world’s first LNG supply via Northern Sea Route in the 'Ob River' carrier. The carrier left the Port of Hammerfest (Norway) to arrive at the regasification terminal in the Port of Tobata (Japan) delivering a Gazprom Group-owned LNG cargo to Japanese consumers. The Ob River LNG carrier was escorted by Atomflot-owned atomic icebreakers led by two ice masters. During the first half of the voyage, between the Barents Sea and the Kara Sea, there was not much ice in the waters…
Wärtsilä Power for Two Icebreakers
Two new Aker Arctic designed icebreakers, under construction at the PJSC Vyborg Shipyard in Russia, will have their main power provided by Wärtsilä generating sets. The ships are being built for Gazprom Neft based in St.Petersburg, Russia. The contract was agreed between Wärtsilä and Ruselprom Group and was signed in October. The new icebreakers will operate in arctic conditions with outside air temperatures as low as minus 50°C and ice thicknesses up to 2 metres. Because of these challenging operational considerations…
Arctic Energy Exploration Efforts Heat Up
Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes. While the gas and oil resources can be recovered in the Arctic or far north and shipped to markets by sea or pipeline, the cost of doing must be balanced upon the global market price for those commodities. Ships and marine structures able to operate in the harsh conditions of the extreme latitudes require special designs and construction techniques.