MarineLink News Search
Search term • LNG
Mitsui LNG Carrier Named Marvel Falcon
On March 29, a naming ceremony was held at Geoje Shipyard of Samsung Heavy Industries Co., Ltd. in Korea, for new liquefied natural gas (LNG) carrier that NYK has…
Conrad Industries Announces 2017 Results and Backlog
Conrad Industries, Inc. (OTC Pink: CNRD) has announced its fourth quarter and twelve months 2017 results and backlog. For the quarter ended December 31, 2017, Conrad had net loss of $3.4 million and loss per diluted share of $0.67 compared to net loss of $836,000 and loss per diluted share of $0.15 during the fourth quarter of 2016. The company had net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31…
First LPG-powered Dual-fuel VLGCs Ordered
Shipbuilder Hanjin Heavy Industries announced it will construct two 80,000 m3 very large gas carriers (VLGC) at its Philippines facilities for Belgian integrated gas shipping company EXMAR. Upon construction, the carriers will be chartered by Statoil. The newbuildings will each be powered by an individual MAN B&W 6G60ME-LGIP Mk9.5 engine. MAN Diesel & Turbo reports liquefied petroleum gas (LPG) was…
New Icebreaking LNG Carrier Enters Service
A new icebreaking liquefied natural gas (LNG) carrier jointly owned by Mitsui O.S.K. Lines, Ltd. (MOL) and China COSCO Shipping Corporation Limited (China COSCO Shipping) loaded its first cargo at the Yamal LNG plant in northern Russia. The 299m, 172,000m3 Vladimir Rusanov conducted it is first loading for Yamal LNG at Sabetta port on March 27 and 28. Vladimir Rusanov left South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd.
TOTE President Chiarello to Retire
TOTE Inc. president and CEO Anthony Chiarello will retire this summer after eight years at the helm and nearly four decades in the maritime industry. “As I look ahead to my 63rd birthday later this year, it is time for me to spend more time with my family and loved ones,” Chiarello said. TOTE said its parent company Saltchuk will make an announcement regarding Chiarello’s successor in due course. Chiarello began his career in stevedoring at ITO…
Hapag-Lloyd to Unveil Plan for 2020 Fuel Regs in 2018
German shipping company Hapag-Lloyd plans to give details within three to six months on compliance with tighter shipping fuel regulations that will kick in from 2020, its chief executive Rolf Habben Jansen said on Wednesday. The International Maritime Organisation (IMO) has ruled that heavily polluting high sulphur fuel will be banned for parts of the global industry from that date. Habben Jansen told…
Crowley Loads First Cargo at New Eagle LNG Plant
The first cargo of nearly 11,000 gallons of liquefied natural gas (LNG) was loaded at the new Eagle LNG Partners liquefaction facility located near Jacksonville, Fla. Crowley Maritime Corporation’s LNG group loaded the cargo into an ISO tank container and delivered it over the road to the Port of Jacksonville for ocean transport to support customers in Puerto Rico. “With the successful LNG tank container loading at the Eagle LNG Partners’ Maxville Facility…
Novatek Delivers its First LNG Cargo to India
The Russian natural gas producer, Novatek, has confirmed that it delivered its first shipment of liquefied natural gas (LNG) produced by the Yamal LNG project to India on 27 March.
Production Floaters Orders Are on the Rebound
Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate. This is a big change from 2016 when orders for new units totally dried up and the deepwater future looked pretty bleak. Here’s a round-up of contracts awarded last year and in January 2018.
LR Grants Approval in Principle for HHI’s LNG-fueled VLOC
South Korean shipbuilder Hyundai Heavy Industries (HHI) has received approval in principle (AiP) from Lloyd’s Register (LR) for a 250,000-deadweight-ton (dwt) class…
Coldharbour Going after Japanese Type Approval
Ballast water treatment systems manufacturer Coldharbour Marine said it has engaged Japanese classification society ClassNK to assist in the process of obtaining Japanese type approval from the Ministry of Land, Infrastructure, Transport and Tourism. The approval is a requirement for all foreign companies in the marine sector seeking to sell their products to customers in Japan. The type approval process…
Wärtsilä VOC Recovery for AET Tankers
Wärtsilä will supply its Volatile Organic Compounds (VOC) recovery technology, LNG fuel gas handling systems and the auxiliary engines for two new shuttle tankers…
GasLog Partners Signs Multiple New Charter Agreements
GasLog Partners has announced that it has entered into agreements with a new customer for two new charters plus options for an additional two charters. The agreements…
JPM shifts its Ballast
GLOG, NM, NAP down early Fri by ~5 pct, ~8 pct and ~3 pct, respectively. Lead analyst Noah Parquette sees most shipping sectors recovering, notes that dry bulk and…
Asian Oil, Gas Producers Stepping up Activity after Long Lull
Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC, Thailand's PTTEP and PetroVietnam, which need to produce more oil and gas to ensure their countries' energy security, executives said this week during an industry event in Kuala Lumpur, Malaysia.
Cepsa Debuts South Europe's First Multi-product LNG Supply Vessel
Cepsa presented in the Port of Huelva the first multi-product marine fuel supply vessel in southern Europe. The vessel, based in the port of Huelva, will provide…
LNG Tanker Boris Vilkitsky to Arrive at Rotterdam on March 29
The liquefied natural gas (LNG) tanker Boris Vilkitsky is due to arrive at the Dutch port of Rotterdam on March 29, Reuters shipping data showed on Thursday. The tanker, which has a capacity for about 170,000 cubic metres of gas, is arriving from Russia. Reporting by Lefteris Karagiannopoulos
GasLog Partners Acquires GasLog Gibraltar
GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG.
GTT LNG Tanks for South Korean Newbuilds
GTT said it has received an order from the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the design of the liquefied natural gas (LNG) tanks of two new 174,000 m3 LNG carriers (LNGC).
MAN Diesel & Turbo, HHI-EMD Invest in New Test Facility
As the global maritime industry steams toward ever-stricter fuel and emission rules, industry leaders such as MAN Diesel & Turbo and Hyundai continue to invest in facilities and technologies. In the most recent case, MAN D&T said today it will build a new test-engine facility in collaboration with its two-stroke licensee, HHI-EMD, the engine and machinery division of Hyundai Heavy Industries. The new venture -- located in Ulsan…