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Shell, BP Pursue Arbitration Claims Against Venture Global LNG
Top LNG traders Shell and BP have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said.A Venture Global LNG spokesperson did not comment on the Shell and BP claims. Last month, the company said it was in full compliance with terms of its…
Light Structures Inks Deal for Hull Monitoring on 8 LNG Carrier Newbuilds
Light Structures AS was contracted by China Merchants Hoi Tung company to deliver and install Hull Stress Monitoring Systems for eight newbuild LNG carriers. The vessels are owned by two separate consortia for operations in the Middle East and are being built by Hudong-Zhonghua Shipbuilding for delivery through 2024 to 2026.Light Structures will provide hull monitoring data to the LNG vessels using the standardized SENSFIB Global system.
Mitsubishi Launches, Christens LNG Bunkering Vessel
Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, today held a christening and launch ceremony for a liquefied natural gas (LNG) bunkering vessel, the first to operate in western Japan, built under contract for KEYS Bunkering West Japan Co., Ltd. The ceremony was conducted at the Enoura Plant at MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture.
Cheniere Shunning Panama Canal for Longer LNG Routes to Asia
Top U.S. LNG exporter Cheniere Energy LNG.A is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal on Monday.The Panama Canal historically has been used by U.S Gulf Coast LNG exporters to send LNG to Asian customers via the Pacific Ocean. But a months-long drought has led to delays…
Fincantieri Bay Shipbuilding Expands Partnership with Local Technical College
Sturgeon Bay, Wis. shipyard Fincantieri Bay Shipbuilding (FBS) is expanding its partnership with a local technical college in an effort to advance the maritime manufacturing industry and meet growing workforce demand within the region.In fall 2022, FBS and Northeast Wisconsin Technical College (NWTC) designed a specialized training program for FBS employees to advance their welding and ship/pipe-fitting techniques.
Second LNG-fueled Containership Delivered to Pasha Hawaii
Hawaii-based Pasha Hawaii announced it has taken delivery of the second of two new ‘Ohana Class, 774-foot liquefied natural gas (LNG) powered containerships built at the Keppel AmFELS shipyard in Brownsville, Texas.The new vessel, Janet Marie, joins Pasha Hawaii’s fleet serving the Hawaii/U.S. mainland trade lane, following the company’s first ‘Ohana Class vessel, George III, which entered service on August 17…
SHI Uses Sonar to Analyze Underwater Radiated Noise
Samsung Heavy Industries (SHI) has tested technology to precisely analyze the radiated noise of ships underwater using sonar.The technique measures the intensity, direction, and distance, and SHI has used it to precisely analyze the cause of noise emitted from a 174,000cbm LNG carrier.SHI is using the technology to forecast noise depending on speed and draft and aims to expand it beyond propellers…
Celsius Orders Four LNG Carriers
Shipowner Celsius Tankers announced it has ordered four new liquefied natural gas (LNG) carriers from shipbuilder China Merchants Heavy Industry (Jiangsu) (CMHI)…
Engie, Svanehøj Team Up to Make LNG Storage on FSRUs Safer
Svanehøj and energy researchers at Engie Lab Crigen have joined forces to develop more effective safety measures regarding LNG storage on FSRU.According to Svanehøj , stratifications and roll-overs pose significant safety risks when natural gas is liquified and stored in a cryogenic state. "Recognizing the crucial importance of roll-over prediction software for LNG storage on FSRUs, Svanehøj and Engie Lab Crigen have joined hands to address this critical concern.
Thailand's PTT in Advanced Talks with Qatar for LNG Deal - Sources
Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, four trading sources told Reuters.The oil and gas conglomerate is negotiating a supply of 1 or 2 million tonnes per annum (mtpa), according to different figures cited by the sources, in what would be the latest in a spate of deals by Asian buyers to lock in long term supplies.A fifth industry source said that both companies are in "serious negotiations"…
Yang Ming Orders Five New Box Ships
Taiwanese container shipping company Yang Ming Marine Transport Corp. announced it has ordered five liquefied natural gas (LNG) dual-fuel containerships from South Korean shipbuilder HD Hyundai Heavy Industries Co., Ltd. The 15,500 TEU newbuilds are scheduled to be delivered in 2026. Each will be equipped with high-pressure LNG dual fuel main engines and ballast water treatment systems. In addition…
Methanol Beats LNG in June Newbuilding Orders
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 55 vessels with alternative fuel propulsion were ordered in June.Of these 26 were orders for LNG fuelled vessels and 29 for methanol powered vessels (including retrofits). So far this year the total order figure for alternative fuel vessels stands at 128. The container segment continues to be the main driver of growth…
NYK Joins Global Centre for Maritime Decarbonization
The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) have announced the signing of a five-year Strategic Partnership agreement.The partnership boosts the center's efforts to conduct pilots and trials of low-carbon solutions for the global shipping industry.Japan is one of the top three shipowning countries in the world, and Japanese merchant vessels account for around 11% of world tonnage.
Cheniere Energy Returns Louisiana LNG Export Plant to Full Production
Cheniere Energy Inc's Sabine Pass LNG export facility returned to full production this week after undergoing maintenance, data from Refinitiv showed.The increased production is expected to help third quarter exports of U.S. liquefied natural gas (LNG) which fell in May to 7.66 million tonnes from a record 8.01 million tonnes in April, as plant maintenance curbed some output.The Louisiana-based export…
LNG Bunker Carrier Paolina Cosulich Launched
Fratelli Cosulich Bunkers (S) Pte Ltd. christened and launched its second Small Scale LNG carrier - the Paolina Cosulich - at the CIMC SOE shipyard in China.The event was attended by Diana Mok - Managing Director at Fratelli Cosulich Bunkers (S) Pte Ltd, acting as the godmother of the vessel. Paolina Cosulich will sail under the Italian flag with Captain Vincenzo Scotto at the helm. The 5,300 DWT vessel can carry 8…
Engine Air Compression System Boosts Fuel Efficiency 3-6%
NYK will install a variable compression ratio system (VCR system) on two large LNG-fueled coal carriers to be built at Oshima Shipbuilding. The vessels are scheduled to be delivered by the end of 2025, and NYK reports this will be the first time for VCR systems to be installed on vessels, including existing vessels that use heavy fuel oil as their main fuel.The VCR system can adjust the air compression…
INEOS Ventures into LNG Carrier Market with MOL Charter Deal
Japan's Mitsui O.S.K. Lines,(MOL) has signed a long-term agreement with INEOS Energy Trading, a subsidiary of UK-based INEOS Group Ltd., for the charter of two newbuild LNG carriers. This marks INEOS' entry into the LNG carrier market, and INEOS will use the vessel for the import of LNG into Germany from the United States. "These agreements are a significant milestone for INEOS Energy Trading following…
China’s Shipyards Operating at Full Capacity
The major shipyards in China are operating at full capacity, resulting in potential order backlogs, reports China Daily.The value of China's ship exports rose by over 21% year-on-year to $8.86 billion in the January-May period, according to China Association of the National Shipbuilding Industry data. Orders rose by 50% over that time, giving China a 67% world share.Orders have included container ships, bulk carriers, LNG carriers, vehicle carriers and offshore vessels.
Shell Shipping, Orca AI Aim to Drive Navigation Innovation
Shell Shipping & Maritime and Orca AI kicked off with a pilot project trialing Tel Aviv-based start-up Orca AI’s maritime navigation platform on a Shell-managed gas tanker. But it has now morphed into a long-term development collaboration resulting in new features that can significantly enhance safety at sea. Here Saurabh Kumar, Project Engineer at Shell Shipping & Maritime, and Dor Raviv, CTO at Orca AI…
Drought-hit Panama Canal Further Restricts Maximum Ship Depth
The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world's busiest trade passages, the canal authority's administrator said on Wednesday, citing shallower waters due to drought.The measure follows a series of depth restrictions in the 50-mile (80 km) canal since the beginning of the year due to a drought, which authorities had hoped would ease by the start of the Central American country's rainy season.Ship traffic, including container ships and oil