Braemar Sub-Licenses FSP Containment System

Maritime Activity Reports, Inc.

February 2, 2015

Braemar LNG BV, the wholly owned subsidiary of Braemar Shipping Services PLC, has issued a sub-license to FSP LNG BV for the design and construction of a new Flat-panel, Semi-membrane, Prismatic-shaped (FSP) containment system, under the terms of the license it holds with General Dynamics NASSCO to utilize its patents in the design and construction of FSP LNG containment systems
FSP technology has been developed for marine LNG transport and can also be used in a range of applications, including Floating Liquefaction (FLNG), Floating Storage Units (FSU), Floating Storage Regasification Units (FSRU) and LNG marine fuel tanks.
The FSP system - a new Type B, LNG containment system - uses flat plate technology to overcome the issues associated with partial filling and sloshing. It is designed to be constructed, outfitted, insulated and tested off-hull and lifted as a complete unit into the vessel while the vessel is still in the construction dock. This onshore construction process results in a reduction in vessel construction time, Braemar said.
FSP LNG BV is a joint venture company formed by Braemar, EnTX Tekmar, LLC and Jamestown Metal Marine Sales, Inc.  The joint venture partners will, through Tank Tek, LLC and Hong Kong Tank Tek Limited, take the FSP LNG containment system through the general approval requirements of the American Bureau of Shipping (ABS) and bring it to market.
Geoff Green, Managing Director of Braemar Engineering, who has played a leading role in bringing the joint venture together, said, “All aspects of the approval, testing and complete construction of the first commercial FSP Containment System are underway. This is the next important step on the road to bringing the FSP technology to market, and we are excited with the progress that we are making.” 
Approval in Principle was obtained from both Lloyds Register (LR) and the American Bureau of Shipping (ABS).
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