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, and with a unique pedigree stemming right back to the very first LNG carriers, was well placed to support the current market changes with technical expertise. "BV has brought together its deep research and development into sloshing loads and structural detail, its experience with lifetime structural maintenance, its successful and fully accepted tanker CAP program and its experience with LNG carriers to develop a CAP for LNG vessels. It is fair to both owners and charterers, and has been accepted by Shell, BP and Total already." BV's experience with LNG carriers in service was also instrumental in it winning a tender to provide a life extension study, through its Tecnitas consulting arm
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
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
South Korean shipbuilders are paying large royalties on a core foreign technology for manufacturing liquefied natural gas (LNG) carriers, causing a big reduction in their earnings, The Korea Times reports. To build LNG carriers, most South Korean and foreign shipbuilders currently use a membrane containment system developed by Gaz Transport & Technigaz of France, a key technology for freezing and storing gas in tanks for transport.
LNG carrier with 162,000 metres capacity ordered from Hyundai Heavy Industries by OSC The Oman Shipping Company (OSC) has signed an order for a new build LNG carrier with Hyundai Heavy based in Ulsan, South Korea. The LNG carrier, for delivery in 2014, will have a 162,000 cubic metres capacity, and is to be fitted out with dual fuel engines. The new ship will comply with European ‘Green Certificate’ requirements
With the liquefied natural gas (LNG) trade expected to significantly increase over the next decade, transporting LNG with carriers upwards of 33 percent larger than previous designs means particular attention must be addressed to key technical concerns to assure that the new generation of larger LNG carriers provides the same high degree of reliability as its predecessors. Operators are driving the demand for increased size of these specialized vessels to take advantage of the
Mitsui O.S.K. Lines (MOL) inform it has signed a Head of Agreement on joint ownership and 20-year charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd. At the same time, MOL signed a contract with Japan Marine United Corporation to build the new vessel. The ship is slated for completion in 2017. MOL will manage the new carrier, which will transport LNG mainly from the Cove Point LNG Project in the United States to Tokyo Gas facilities.
Teekay LNG Partners L.P. announced that it has agreed to acquire a 155,900 cubic meter (cbm) liquefied natural gas (LNG) carrier newbuilding from Awilco LNG ASA, a Norwegian-based owner and operator of LNG carriers. The vessel, which is currently under construction by Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) of South Korea, is expected to deliver in the third quarter of 2013, and subsequent to delivery from DSME to Awilco
April 3 marked another milestone in the rapid development of Chinese shipbuilding capacity as, at separate ceremonies, two of the nation’s shipbuilders delivered the first LNG carrier to be built in and the largest containership to emerge from a Chinese shipyard. Both of these historic first shipbuilding projects were completed to ABS class standards. Shanghai-based Hudong-Zhonghua Shipyard delivered the 147,000 m3 LNG carrier Dapeng Sun to China LNG Shipping (International) Ltd for
Qatar Gas Transport Company (Nakilat) signed a contract with two South Korean shipbuilding giants to construct the world's largest liquified natural gas (LNG) carriers at a cost of $2.5b. The carriers will be the largest in the world in terms of capacity, the statement said. The signing of the deal coincided with the fifth annual Asia Cooperation Dialogue meeting taking place in Doha with the participation of Asian foreign ministers including South Korea's Ban Ki-Moon.
Nakilat-Keppel Offshore & Marine (N-KOM), which recently celebrated its fourth year in operation, has seen an increasing number of tankers dry docking at its facility in Qatar. With the introduction of de-mucking and de-slopping facilities
A series of four LNG carriers being built by the Hudong-Zhongua Shipbuilding yard in China will feature Wärtsilä LNG reliquefaction plants and gas handling systems. The ships are owned by Bermuda based Teekay Corporation, China LNG Shipping (CLNG)
In December 2014, orders of Japan yard fell 37% year on year, says Japan Ship Exporters’ Association (JSEA). Japanese shipyards specialize in building dry bulk carriers. JSEA member yards secured 24 export orders totaling 1,215
GE Power Conversion receives first order in Japan from Kawasaki Heavy for electric propulsion motor equipment for LNG vessels GE’s Power Conversion business has received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers
Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ("NLNG") to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of
Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which has claimed the title of the world’s biggest containership. After the christening ceremony the MSC Oscar departed for Busan. The vessel has a capacity of 19,224 containers
Excelerate Energy Performs 700th Ship-to-Ship Transfer of LNG. Excelerate Energy L.P. (Excelerate) completed its 700th commercial Ship-to-Ship (STS) transfer of LNG on January 7, 2015 in Escobar, Argentina at the GNL Escobar LNG import facility
The state-owned gas utility GAIL (India) has postponed the tender date for its $7.6 billion newly built LNG ships for the third time as it did find any takers. The state-owned gas utility GAIL has for the third time postponed the last date of bidding
ABS has granted extended general design approval for the KC-1 LNG cargo containment system (CCS). The new membrane type will be installed on newbuild LNG carriers currently on order for Korea Gas Corporation (KOGAS), the world's largest LNG importer.
Keppel Shipyard and Black & Veatch team up with Golar LNG for the second time to convert floating liquefaction vessel Black & Veatch has again been called upon to combine its PRICO LNG technology and global engineering, procurement and construction (EPC) capabilities with the
Keppel Shipyard has secured a firm contract from Golar Gimi Corporation (Golar Gimi), a subsidiary of Golar LNG Limited (Golar LNG), to perform the conversion of a second Moss Liquefied Natural Gas (LNG) carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV).
ARC Towage of Trinidad & Tobago has taken delivery of the last of a series of four Damen ASD 2810 Tugs. All four have been delivered in less than 18 months. The speed of delivery was one of the reasons ARC Towage chose Damen Shipyards Group for its new vessels.
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) and Reliance entered into a strategic association for transportation of Liquefied Ethane from United States to India. This will make MOL to be the first shipping company who is dedicated for a continuous Liquefied Ethane
BG Group and GasLog Ltd. have entered an agreement for GasLog to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for $460 million. BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and 11 years with further options to extend the
Liquefaction terminals to dominate forecast LNG capital expenditure Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to the new ninth edition of Douglas-Westwood’s (DW)