Silverstream Targets LNG Carriers with Shenzhen Yard Partnership
Air lubrication system company Silverstream Technologies has signed an MoU with Yiu Lian Dockyards (Shekou), one of the largest ship repair yards in China and part of China Merchants Group.The partnership aims to drive retrofit installations of the Silverstream® System.Yiu Lian Dockyards (Shekou) operates repair yards in Shekou, Shenzhen. The shipyard accepts all major vessel types but is well known as the leading repair yard in China for LNG carriers.The dockyard has serviced 734 vessels in the past three years from all segments, and so far in 2024 alone, it has dry-docked 28 LNG carriers.
LNG Carrier with Nuclear Propulsion Offers Faster Zero-Emission Transits, ABS Finds
American Bureau of Shipping (ABS) has released its latest report into the potential of advanced nuclear technology for maritime applications, concluding the technology installed on LNG carrier would enable faster transit speeds with zero-emission operations.ABS conducted a study of a small modular reactor on a standard liquefied natural gas (LNG) carrier.The transformational impact of a high-temperature, gas-cooled reactor (HTGR) on the design, operation and emissions of a 145…
Wärtsilä to Provide Operational Support for Seven Capital Gas LNG Carriers
Technology group Wärtsilä has signed a five-year lifecycle agreement covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management.The agreement with Wärtsilä will help Capital Gas to optimize the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools.It will allow Wärtsilä experts to directly monitor the vessels’ systems and…
Nakilat Boosts Profit in Third Quarter
Qatar Gas Transport Company Q.P.S.C. (Nakilat) has achieve a net profit of QAR 1.28 billion ($352 million) in the third quarter of 2024, ended September 30.This represents an increase of 7.2% compared to the same period in 2023.Nakilat says it continues to strengthen its position as one of the world’s largest LNG fleet owners through strategic partnerships, fleet modernization and operational excellence.The company continues to progress with its construction of advanced LNG and LPG/Ammonia carriers, scheduled for delivery in the coming years.
MET Group to Build Its First LNG Vessel in Partnership with Celsius
As part of its LNG growth strategy, Swiss-based MET Group has reached a partnership agreement with Celsius to build its first LNG vessel, scheduled for delivery in 2027.The LNG carrier will be constructed by China Merchants Heavy Industry (Jiangsu) and will support the growing LNG activities of MET Group.MET’s JV equity partner Celsius is a leading ship owner and operator focusing on sustainable, infrastructure-like investments and special opportunities within the maritime industry.The…
Wärtsilä to Convert Engines on Chevron’s LNG Carriers to Cut Methane Emissions
Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions are intended to reduce greenhouse gas emissions by lowering methane slip in support of Chevron Shipping’s broader efforts to reduce the carbon intensity of its operations.The ‘marine industry first’ was made possible after two years of…
MOL and Chevron to Install Wind-Assisted Propulsion System on LNG Carrier
Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company, a subsidiary of oil and gas giant Chevron, have signed an agreement to install Wind Challenger to a newbuild LNG carrier, which will become world’s first LNG carrier equipped with wind-assisted propulsions system.The is under long term charter from MOL Encean to Chevron Asia Pacific Shipping, and is currently under construction at the Geoje Shipyard of Hanwha Ocean, scheduled for delivery in 2026.In August 2024, MOL obtained…
QatarEnergy Inaugurates LNG Vessel Rex Tillerson
QatarEnergy has inaugurated the Rex Tillerson vessel, marking the delivery of the first LNG vessel under its historic shipbuilding program.Rex Tillerson vessel was named after the former Chairman and CEO of ExxonMobil as a tribute to his life-long accomplishments in the energy sector.The traditional naming ceremony was held at the Hudong-Zhonghua Shipyard in the Chinese city of Shanghai.“As the first ship in our new LNG fleet, the Rex Tillerson will undoubtedly play a significant…
QatarEnergy Orders Six More QC-Max LNG Vessels from Chinese Shipyard
QatarEnergy has signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of six additional QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128, including 24 QC-Max mega vessels.The QC-Max vessels, which will be built at China’s Hudong-Zhonghua Shipyard, a wholly-owned CSSC subsidiary, are the largest LNG vessels ever built with a capacity of 271,000 cubic meters each. The new advanced carriers…
Danelec Launches Simulation Tool for LNG Carriers
Danelec has released a new simulation tool it says will bridge the gap between LNG carrier commercial and operations teams.LNG carrier operations are subject to several unique challenges, including balancing diverse factors to meet charter party requirements, meeting cargo temperature and pressure requirements at discharge, and optimizing voyage planning amidst variable weather conditions and route complexities to minimize consumption and maximize delivery.By simulating expected vessel performance and providing optimized operational setpoints…
Sanctioned Ship Spotted Transferring Arctic LNG 2 Cargo
A U.S.-sanctioned gas tanker that picked up a cargo from Russia's new Arctic LNG 2 plant this month has been spotted carrying out a ship-to-ship transfer, suggesting Moscow is managing to continue some exports from the project.Monitoring service TankerTrackers.com said in an X post on Monday that the Pioneer had conducted a transfer to the Palau-flagged, UAE-owned and Indian-managed New Energy tanker north of the Suez Canal.The Arctic 2 LNG plant, which was planned to be Russia's largest…
Plaquemines LNG Plant Nearing Test Mode Startup
A tanker full of liquefied natural gas (LNG) docked at Venture Global LNG's Plaquemines export plant in Louisiana, according to shipping data from LSEG on Friday, in what energy analysts said was a sign the plant could start up in test mode soon.The vessel named Qogir came from Norway full of LNG, according to LSEG data and energy analysts.LNG plants under construction, like Plaquemines, use super-cooled fuel to test and cool equipment in preparation for startup.After Plaquemines started pulling in small amounts of natural gas from U.S.
Nakilat’s H1 Profit Up By 7%
Qatar Gas Transportation Company (Nakilat) and its group subsidiaries announced their financial results for the first half of the year ended 30 June 2024, with a net profit of QAR 829 million ($227 million) for the first half of the year ended 30 June 2024, an increase of 7% on the corresponding period in 2023.In 2024, Nakilat achieved significant milestones in its fleet expansion project. The company signed contracts to build six advanced gas carriers, including two LNG carriers and four modern LPG/Ammonia carriers.
MOL Secures ‘World’s First’ AiP for LNG Carrier with Wind-Assisted Propulsion
Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for the design of a membrane LNG Carrier with Wind Challenger wind-assisted propulsion system.The AiP marks the world's first approval for an LNG carrier with a wind-assisted propulsion system, according to MOL, which developed the design of the system together with Hanwha Ocean.The LNG carrier that has obtained this AiP is capable of entering LNG terminals worldwide. It boasts cargo tank capacity of 174…
HD Hyundai Heavy Hires GTT for LNG Carriers Tank Design
HD Hyundai Heavy Industries has placed on order to French engineering firm GTT for the tank design of two new liquefied natural gas (LNG) carriers, on behalf of a European ship-owner.GTT will design the tanks of these two vessels, which will each offer a capacity of 174,000 m3.The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT.Delivery is scheduled between the first and second quarters of 2028.
Petronas Adds Three New LNG Vessels Ahead of LNG Canada Start-Up
Malaysian state energy firm Petroliam Nasional Berhad (Petronas) on Monday said it would add three energy-efficient LNG vessels to its North American operations.The addition of the vessels, which brings the total number in Petronas' fleet in North America to six, comes ahead of the start-up of LNG Canada's gas-export facility due later this year, the company said in a statement.Petronas has a 25% stake in the LNG Canada plant in Kitimat, British Columbia, on the west coast of Canada."With the arrival of these new vessels…
Seatrium Secures LNG Carrier Retrofit Contract from Angelicoussis Group
Seatrium has secured a Favoured Customer Contract (FCC) with Angelicoussis Group, the largest shipping group in Greece and one of the world’s largest privately-owned fleets with 141 ships operating under Maran Gas, Maran Tankers and Maran Dry.The two-year contract with one-year renewal option includes the refit of 10 to 15 vessels per year comprising LNG carriers, tankers and bulk carriers. The partnership will involve close co-operation in joint planning, information exchange and experience sharing with the Angelicoussis Group…
Oman's Asyad Plans to Float Asyad Shipping, Sources Say
Oman's state-owned logistics firm Asyad Group is planning an initial public offering (IPO) of its subsidiary Asyad Shipping Co by the end of the year and has selected Jefferies Group and EFG Hermes as advisers, sources familiar with the matter said.Asyad Group, EFG Hermes and Jefferies declined to comment when contacted by Reuters on Thursday about the IPO plans.
MOL Names LNG Carrier Newbuilding Greenergy Ocean
Mitsui O.S.K. Lines has named a newbuilding LNG carrier, which will serve China National Offshore Oil Corporation (CNOOC), the Greenergy Ocean.The Greenergy Ocean is the first vessel to be launched under a long-term charter contract for six newbuilding LNG carriers for CNOOC signed in January 2022.The vessel is 299 meters long, with the breadth of 46.4 meters and draft of 11.5 meters.It features a membrane type tank of 174,000m3.After delivery at the end of May, the vessel will transport LNG procured by the CNOOC Group from all over the world…
QatarEnergy Places $6B Order for 18 LNG Vessels to China’s CSSC
QatarEnergy has signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels, marking a significant addition to its LNG fleet expansion program.The new vessels, with a capacity of 271,000 cubic meters each, will be constructed at China’s Hudong-Zhonghua Shipyard, a CSSC wholly-owned subsidiary, and will feature state of the art technological innovation and environmental performance.Eight of the 18 QC-Max size LNG vessels will be delivered in 2028 and 2029…
Stena Bulk Sells LNG Carrier Stena Blue Sky
Tanker shipping company Stena Bulk on Thursday announced the sale of the liquefied natural gas (LNG) carrier vessel Stena Blue Sky to an undisclosed Asian buyer.The sale of Stena Blue Sky follows the recent announcement that Stena Bulk had sold two LNG carriers to BW LNG.The successful transfer of Stena Blue Sky has already taken place. The vessel was delivered on April 18 in Singapore.Originally built in 2006 by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, Stena Blue Sky has a carrying capacity 145…
GTT Books Tank Design Order for Eight New LNG Carriers
French engineering company GTT has received an order from an Asian shipyard for the tank design of eight new Liquefied Natural Gas Carriers (LNGCs).The order, booked in the second quarter of 2024, is on behalf of a Middle Eastern ship-owner.GTT will design the tanks of these eight vessels, which will each offer a capacity of 174,000 m3.The tanks will be fitted with a membrane containment system from the NO96 series developed by GTT.NO96 technology is a cryogenic liner used to contain liquefied gas at low temperatures during shipping, onshore and offshore storage, at atmospheric pressure.
QatarEnergy Charters 25 Nakilat LNG Carriers
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second shipowner tender under QatarEnergy’s LNG fleet expansion program.Seventeen of the 25 LNG vessels are being built at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being built at Hanwha Ocean, also in South Korea.These agreements firm up last month’s selection of…
