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US LNG Exports Slip in August
U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts.Above-normal temperatures and drought hit the U.S. Southwest last month, triggering record electricity demand and forcing providers to ask users to voluntarily reduce consumption.
Kongsberg Digital to Supply Methanol Dual-Fuel Engine Room Simulator to AAMS
Kongsberg Digital is providing a second Full Mission K-Sim Engine simulator package to the Danish training institute Aarhus Maskinmesterskole (AAMS).The delivery, scheduled for February 2024, also includes three engine models to achieve specific training objectives for a range of modern propulsion and engine types. Notably, the package features a cruise ferry model tailored to facilitate mandatory…
Wärtsilä LNG Fuel Gas Supply Systems Chosen for CMA CGM Newbuildings
Wärtsilä will supply the LNG Fuel Gas Supply (FGSS) systems for four new 23,000 TEU container ships being built for CMA CGM at the Hudong Zhonghua Shipbuilding yard in China.This latest order, which was booked as order intake by Wärtsilä in Q2, 2023, represents a continuation of Wärtsilä’s supply of fuel gas supply systems to CMA CGM vessels. During the past six years, Wärtsilä has been contracted…
Furetank and Wärtsilä Advance Engine Technology to Reduce Methane Slip
Wärtsilä and Swedish shipping company Furetank are co-developing and testing two technologies showing the potential to halve the methane slip.Running vessels on LNG or bio-LNG reduces emissions of CO2, NOx, SOx and harmful particles, but the downside is methane slip: the release of unburned gas fuel, not fully combusted in the engines.Although the fraction released is small, methane is a more potent…
New CMAL Ferry Named in Public Vote
Scotland's Caledonian Maritime Assets Limited (CMAL) announced that one of its new vessels will be named Glen Rosa following a public vote that saw nearly 5,000 entries.4,844 votes were cast in the competition on CMAL’s website, which ran for three weeks. Glen Rosa, which will be known as Gleann Ruasaidh in Gaelic, was the most popular name, garnering 52% of the votes.The vessel currently known as Hull 802…
Dual-fuel Newcastlemax Vessel Delivered to Himalaya Shipping
Himalaya Shipping announced it has taken delivery of the sixth in a series of 12 newbuild 210,000 dwt Newcastlemax dual fuel bulk carriers the company has on order from New Times Shipyard.The vessel, Mount Neblina, will commence a minimum 24-month time charter with an evergreen structure thereafter and will earn an index-linked rate, reflecting a significant premium to a standard Capesize vessel, Himalaya Shipping said.
AET Delivers LNG Dual-Fuel VLCC to Shell
AET delivered its newest vessel, the first of three Very Large Crude Carrier (VLCC) powered by dual-fuel liquefied natural gas (LNG) engines, on long-term charter to Shell Tankers (Singapore) Private Limited.The Malaysian-flagged Eagle Vellore was named at a ceremony at the MMHE Pasir Gudang yard, attended by the Deputy Minister of Transport, Malaysia and other Malaysian government officials. The naming of the 300…
Titan and 123Carbon Partner on Carbon Insetting
Fuel supplier Titan and 123Carbon, the first independent blockchain-based carbon insetting platform for the transport sector, have issued what they claim is the first LNG-based carbon insets.Carbon insetting enables fuel suppliers and vessel operators to transfer the environmental benefits of clean, lower carbon intensity fuels throughout the maritime value chain, enabling decarbonisation within their own supply chains.
Great Lakes Wins Dredging Contract for Port Arthur LNG Project
Houston-based dredging contractor Great Lakes Dredge & Dock Corporation announced it has been awarded a dredging and disposal contract in support of the Port Arthur LNG Phase 1 project.Great Lakes has been contracted by Bechtel Energy, the engineering, construction, and procurement company that’s managing the project in partnership with Sempra Infrastructure. The Port Arthur LNG project is a natural gas liquefaction and export terminal in Southeast Texas with direct access to the Gulf of Mexico.
Gazprom's First LNG Cargo via Arctic Destined for China's Jingtang
A liquefied natural gas (LNG) cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang…
Suez Canal Ship Traffic Unaffected After Tanker Collision
Normal traffic is expected to resume through the Suez Canal within hours, the head of the canal authority said on Wednesday, following the collision of two vessels."Slight contact" was made after LNG carrier BW Lesmes made a sudden stop due to a technical failure that coincided with a strong current that drove oil tanker Burri towards it, authority chairman Osama Rabie said.The canal authority responded by sending tugboats to move both ships…
Australia LNG Strikes Would Need to Last Over a Month to Spike Prices, Analysts Say
Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week.The Woodside Energy and Chevron operations supply about 10% of global LNG output and worries of a walkout have lifted prices of European gas benchmark TTF forward curve 5%-7% higher over the September-to-April period than…
Asian Buyers May Seek US LNG if Australian Disputes Worsen
Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes at western Australian facilities run by Woodside Energy Group and U.S. major Chevron have spurred Asian LNG prices to their highest in five months, and analysts…
Shipyard Capacity: A Brake on Decarbonization?
The IMO’s latest crunch meeting in early July may not have aligned global shipping with mid-century targets established in the 2015 Paris Agreement. However, its 2023 Strategy indicates a clear direction of travel. Energy supplies by sea are essential for many countries and therefore ships have a key role in supporting the world’s energy transition – not only on their own account, but at a global level.As world shipping accounts for about 3% of greenhouse gas emissions…
LPG: Dual-Fuel Engines Prove Their Worth
BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier, sparked by Oslo-listed BW LPG’s preparations for the IMO’s 2020 Sulphur Cap regulations.Compared to heavy fuel oil…
Russia Ships Naphtha to China via North Sea Route
Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37,000 tonnes of naphtha onboard, loaded at Ust-Luga port on August 5, 2023, for delivery to China. It is the first such loading since at least the late 2000s…
Poland's Orlen, Gaz-System Sign Gas Deal for Planned Floating Terminal
Poland's Orlen has signed a contract with state-owned pipeline operator Gaz-System for the regasification of up to 58 liquefied natural gas (LNG) cargoes per year at a planned floating gas terminal, the energy company said on Friday.Poland has turned to seaborne LNG as well as gas piped from Norway via Denmark and the Baltic Sea to replace supply from Russia.The planned terminal is to be built on the…
NYK to Develop Japan's First Bunkering Boom for Ammonia
NYK and TB Global Technologies (TBG) have signed a basic agreement to jointly develop Japan's first bunkering boom for ammonia ship-to-ship fuel supply.NYK and TBG say they will significantly enhance the safety of supplying ammonia, which is highly toxic, to ships by employing TBG's technology to ensure that the liquid does not leak.A bunkering boom is a device consisting of rigid pipes and hoses that connect a bunkering vessel to the other vessel to supply fuel.
ZIM 2Q Revenues Plunge 62%
Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively impacted by a non-cash after tax item of $51 million related to the redelivery of certain vessels.Operating loss (EBIT) for the second quarter was $168 million…
China Claims Top Shipowning Nation Title Based on Gross Tonnage
China has overtaken Greece to become the world's largest shipowning country in terms of gross tonnage, according to information released over the weekend by the Shanghai-based China Shipowners' Association.China Daily reports that data from Clarksons Research shows the fleet size of Chinese shipowners has reached 249.2 million GT, accounting for a global market share of 15.9%, about $180 billion in fleet value.