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Wärtsilä to Supply 36 Engines for New Arctic Gas Carriers
Finnish technology group Wärtsilä announced Thursday it has secured a deal to supply dual-fuel engines for six new 172,500-cubic-meter capacity liquefied natural gas (LNG) carriers being built by South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) to serve the Arctic LNG 2 project in Russia’s Arctic waters.The icebreaking gas carriers were ordered by Russia's Sovcomflot and Japan's Mitsui O.S.K.
Samsung Heavy Nets Its 'Largest Ever Single Order'
South Korean shipbuilder Samsung Heavy Industries has won what has been described as the company's largest-ever single order.The shipbuilder said Monday it had secured an order worth around KRW 2,8 trillion, which is approximately $USD 2,5 billion.The contract is for the supply of "blocks and equipment" and is with an unnamed European shipowner.In a brief statement on the Korea Exchange, Samsung said that the contract start date was November 20, 2020, and the end date December 31, 2025.
Zvezda Cuts Steel for First Russian-built Icebreaking LNG Carrier
Russia's Zvezda Shipbuilding Complex has started building the first in a series of 15 icebreaking liquefied natural gas (LNG) carriers ordered for year-round gas transport along the Northern Sea Route from the Arctic LNG 2 project in Russia's high north. They will be the first such vessels constructed domestically.Shipbuilding, financing, lease and time charter contracts for the new ships were signed by SCF Group, NOVATEK Group, Zvezda and VEB.RF Group in 2019.
DSME Orders ABB Propulsion Package for Six New LNG Carriers
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has awarded ABB a contract worth more than $300 million for the delivery of a power and propulsion package for six new liquefied natural gas (LNG) carriers that will transport LNG along the Northern Sea Route.According to ABB, each of the six newbuild vessels will feature a trio of ABB's largest and most powerful Azipod propulsion units ever supplied for ships operating in ice.
Mitsui OSK Inks 30-year LNG Carrier Charter for Russia's Arctic LNG 2 Project
Japan's Mitsui OSK Lines Ltd (MOL) said on Monday it has signed a 30-year charter contract with the operator of the Arctic liquefied natural gas (LNG) 2 project, led by Novatek, for three ice-breaking carriers for the Russian project.The three vessels will be built by South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd, costing about 90 billion yen ($859 million) in total, and are scheduled for delivery in 2023…
DSME to Build Six Second-generation Arc7 LNG Carriers
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed shipbuilding contracts with Russia's Sovcomflot and Japan's Mitsui O.S.K. Lines for the construction of six icebreaking Arc7 liquefied natural gas (LNG) carriers based on a newly developed design.The new ships will be the second generation of vessels engineered to transport LNG from the Russian Arctic, with special…
Arctic LNG 2 Partners Charter 14 LNG Carriers
Russian gas giant Novatek has informed that its Arctic LNG 2 joint venture has entered into long-term charter agreements for 14 Arc7 ice-class LNG tankers.The Arctic LNG 2 partners have signed the charter agreements will SMART LNG, a joint venture established in September 2019 between NOVATEK and PAO Sovcomflot. The vessels will be built in Russia's Zvezda Shipbuilding Complex and will serve the giant Arctic LNG 2 project on the Gydan peninsula, Russia.
Sovcomflot's 1H Profit Jumps 149%
Russian energy shipping company Sovcomflot reported a net profit for the first half of 2020 of $226,4 million, a 148.8 percent increase to last year's first-half income of $91 million. The first half 2020 revenue was $951,3 million, up from $794,1 million in the first half of 2019.Igor Tonkovidov, President and CEO of SCF Group said Friday that the company had achieved its targets with an optimal balance of long- and short-term charter contracts…
Wärtsilä to Supply Bridge Systems for Five Icebreaking Gas Carriers
Finland-based marine engine and technology provider Wärtsilä said it has been contracted to deliver a complete bridge systems installation for five icebreaking liquefied natural gas (LNG)-fueled tankers to be constructed for the Arctic LNG-2 project. The navigational systems are delivered by Wärtsilä Voyage, the new business responsible for digital solutions and decision support tools to enhance safety…
Unique Arctic Journey for Russian LNG Carrier
Sovcomflot's Arc7 ice-class Christophe de Margerie liquefied natural gas (LNG) carrier has made history by successfully transiting the Eastbound ice-covered part of the Northern Sea Route (NSR) in May, carrying LNG from Novatek's Yamal LNG project to China.The Russian vessel owner said the event marked the first time in the history of the shipping industry that a large-capacity vessel of this class…
Mammoet Lands its ‘Biggest Ever’ Contract at Arctic LNG 2 Project
Dutch heavy lift and transportation company Mammoet has said it has won its largest-ever contract at the Arctic LNG 2 project in Russia.Mammoet said Monday the contract was awarded by Technip-led joint venture NovArctic in cooperation with Saipem and NIPIgas. Under the contract, Mammoet will be responsible for unloading, transportation, and installation for the Novatek-operated Arctic LNG 2 project.The $21.3 billion Arctic LNG 2 project…
Four More Icebreaking LNG Carriers for Smart LNG
Smart LNG LLC, a joint venture of Sovcomflot and Novatek, signed an agreement with VEB.RF Group for lease financing of four Arc7 icebreaking LNG carriers for the Arctic LNG 2 project.
SHI Eyes Russia's $3Bn LNG Carrier Order
South Korea shipbuilder Samsung Heavy Industries (SHI) may receive an order from Russia’s largest independent gas producer Novatek for 10 additional ice-breaking…
Zvezda Shipyards Secures Arc7 Tanker funding
Russian state development bank VEB said on Tuesday it has provided first tranche worth $66 million to Rosneft-led Zvezda shipyard to finance construction of the first Arc7 gas tanker for Novatek's Arc
Wison Begins Arctic LNG 2 Project
Wison Offshore & Marine (WOM), the upstream oil and gas division of Chinese conglomerate Wison Group Holding, announced the fabrication of Arctic LNG 2 Project (ALNG2…
Sovcomflot Profits Up on Stronger Tanker Market
Russia's state-owned tanker carrier Sovcomflot (SCF Group) reported improvements on both the top and bottom line in the third quarter benefiting from a stronger…
GasLog Sees Tighter LNG Shipping Market
GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States…
SCF, NOVATEK Ink Icebreaker T/C Contract
SCF Group and VEB.RF Group, a Russian financial institution, signed an agreement for lease financing of the lead ship in a series of icebreaking LNG carriers expected…
Qilak LNG, ExxonMobil Pact on Gas Supply
Alaska-based Qilak LNG announced that a Heads of Agreement (HOA) has been entered into with ExxonMobil Alaska Production regarding the potential supply of natural…
Jutal Offshore Wins Contracts Worth $490m
Chinese oil and gas techincal services company Jutal Offshore Oil Services has announced that the company has obtained a slew of new contracts with total value of…
