MarineLink News Search
Search term • LNG
Scale of BC's LNG Terminal Plans Questioned
![Lelu Island Area: Photo courtesy of Pacific Northwest](https://images.marinelink.com/images/maritime/w200h200c/lelu-island-area-photo-courtesy-17562.jpg)
The British Columbia government has staked its future on natural gas exports, banking on a revenue windfall of at least $100-billion. Yet growing market pessimism and a sudden broadside from large gas consumers is casting fresh doubt on the planned scale of the emerging liquefied natural gas industry, reports the 'Financial Post'. The Pacific Northwest LNG project, located on Lelu Island in the Port Edward district…
Maritime Industry Gears up for St. Petersburg
The impact of the massive and continuing transformation of Russia’s maritime industries will be on show to the world when the all-encompassing NEVA 2013 exhibition…
Teekay LNG Completes Norwegian Bond Issuance
![The Algeciras Spirit, one of Teekay LNG’s Suezmax tankers is able to carry approximately 1 million barrels of oil. (Photo: Teekay)](https://images.marinelink.com/images/maritime/w200h200c/the-algeciras-spirit-one-of-17525.jpg)
Teekay LNG Partners L.P. announced that it has issued NOK 900 million in senior unsecured bonds, maturing in September 2018, in the Norwegian bond market. The aggregate principal amount of the bonds is equivalent to approximately $150 million (USD) and all interest and principal payments have been swapped into USD at an all-in fixed interest rate of 6.43%. The proceeds of the bonds are expected to be used for general partnership purposes.
Latest Newbuildings: Ultra-large Boxship Orders Predominant
![Image courtesy of Maersk Line](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-of-maersk-line-17520.jpg)
With the summer holidays slowly drawing to a conclusion the newbuilding market has remained relatively quiet this week, though Clarkson Hellas Weekly S+P anticipate activity to pick up again shortly. Somewhat reflective of this subdued activity is that Clarkson have seen no new orders reported in the dry bulk this week, which contrasts directly with the activity witnessed in this sector so far this year.
SHIPPINGInsight Extends Early-bird Discount Rate
The organizers of the SHIPPINGInsight 2013 Fleet Optimization Conference today announced that the deadline for Early-Bird registration has been extended. The discount offer expires at midnight…
EXMAR and LNG Partners Align for BC LNG Project
Following execution of a Letter of Intent (LOI) by EXMAR with LNG Partners, LLC and LNG BargeCo BVBA for the long-term charter of a floating liquefaction and storage…
Trellborg Gains Crogenic Technology
Global engineering group Trelleborg has signed and finalized an agreement which will see its Trelleborg Industrial Solutions business area acquire cryogenic hose system technology from SBM Offshore…
FLEX LNG & SHI Make Peace: LNG Carriers on Order
FLEX LNG announce they have executed a binding and final settlement agreement with shipbuilders Samsung Heavy Industries: arbitration proceedings have been discontinued…
DNV to Class UASC Ultra-large Container Ships
![Ultra-large Container Ship: Image courtesy of Maersk](https://images.marinelink.com/images/maritime/w200h200c/ultralarge-container-ship-image-courtesy-17474.jpg)
United Arab Shipping Company (UASC) has signed contracts to build some of the world’s largest and greenest container ships, and all will be classed by DNV. Hyundai Heavy Industries, Korea (HHI) is to build the five 18,000 TEU ships. In addition, there will be an option for one more. The contracts between UASC and HHI also include 5 + 6 ships of 14,000 TEU, also to DNV class. “I’m pleased and proud that DNV has been selected as the preferred class for these huge and advanced ships…
Wärtsilä Win Siem Offshore LNG Power Package Contract
![Siem Offshore's PSV: Image credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/siem-offshores-psv-image-credit-17467.jpg)
Wärtsilä has been awarded a contract to supply the design & an integrated solution for a new large platform supply vessel (PSV). The ship will operate primarily on liquefied natural gas (LNG) and is owned by Siem Offshore. The contract's scope of supply includes the Wärtsilä VS 4411 LNG PSV initial, basic, and detailed ship design, as well as the complete diesel electric system with Wärtsilä dual-fuel generating sets…
Energy Efficiency, Vessel Versatility Central in Future Maritime Transportation
The future dry cargo vessel must be able to adjust quickly to changing transportation needs. The Finnish industrial production structure is anticipated to change…
“Floating Gas Plant” Toscana Delivered
![Photo: Fairmount](https://images.marinelink.com/images/maritime/w200h200c/photo-fairmount-17408.jpg)
Tugs Fairmount Summit and Fairmount Alpine have delivered the very first “floating gas plant” in the world, the FSRU Toscana, safely offshore Livorno, Italy. The Toscana, a one of a kind unit, was towed from Dubai via Malta where final equipment was installed. After delivering the Toscana, both Fairmount tugs assisted in mooring the unit to her six pre installed anchors. The Toscana is a so-called floating…
ASL Marine’s FY2013 Earnings Surge 40%
ASL Marine Holdings Ltd., an integrated marine company offering comprehensive services in shipbuilding, shiprepair and conversion, shipchartering and dredging engineering…
SHIPPINGInsight 2013 Announces Agenda and Speaker List
The SHIPPINGInsight conference producers have finalized the agenda and confirmed speaker list for the 2013 Fleet Optimization Conference, scheduled for Oct. 22-24…
ABS Forms Global Gas Solutions Team
![Patrick Janssens](https://images.marinelink.com/images/maritime/w200h200c/patrick-janssens-17314.jpg)
Classification society ABS said it has taken another step to meet industry needs with the formation of the ABS Global Gas Solutions Team to leverage the organization's LNG and LPG capabilities. This group of experienced gas professionals will work alongside owners, shipyards and equipment manufacturers to provide an extensive range of services to this growing market. "The discovery of new gas resources…
Höegh LNG Awarded FLNG pre-FEED Study Contract
![Photo courtesy of Höegh LNG](https://images.marinelink.com/images/maritime/w200h200c/photo-courtesy-of-hegh-lng-17261.jpg)
Höegh LNG say they have signed a contract with an Asia based national oil company to conduct pre-FEED engineering work for an offshore floating LNG facility (FLNG) with 2 million tonnes per annum production capacity. The work will be finalised in the first quarter of 2014. Provided that the conclusion of the engineering work is positive, the intention of the client is to execute a full front-end engineering design (FEED) in the first half of 2014. Höegh LNG's President and CEO, Sveinung J.S.
Latest Global Shipbuilding Orders
The focus this week being on the Ultramax and Handysize sectors. It was reported this week that that d’Amico Ireland Ltd have placed an order for four firm 64…
Second Qatar LNG Shipment Headed to Egypt
For the second time this month, Qatar has sent a tanker carrying liquefied natural gas (LNG) to Egypt, a country struggling to meet energy demands amid much deadly violence and political unrest…
Danish Ferry to Operate on LNG Fuel
![six-cylinder Wärtsilä 20DF dual-fuel engine](https://images.marinelink.com/images/maritime/w200h200c/sixcylinder-wrtsil-20df-dualfuel-engine-17186.jpg)
Marine industry solutions and services provider Wärtsilä is to supply the main propulsion generating sets for a new, environmentally sound, double ended ferry. The ship, which is the first gas fuelled ferry for a domestic route in Denmark, will operate between Jutland and the island of Samsø and will carry passengers, cars and trucks. The vessel, designed by the Danish OSK-ShipTech A/S, will be built for the Danish municipality Samsø Kommune by Remontowa Shipbuilding S.A. in Gdansk, Poland.
Danish Inland Ferry to be Wärtsilä DF Engine Powered
![6-cylinder Wärtsilä 20DFdual-fuel engine engine: Photo courtesy of Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/linder-wrtsil-20dfdualfuel-engine-engine-17176.jpg)
This order is for the first Danish ferry to be operated on LNG fuel. The ferry project sets an environmental benchmark for inland ferries, and according to Wärtsilä is being closely followed by other municipalities and governmental bodies in Denmark and abroad. Wärtsilä is to supply the main propulsion generating sets for a new, environmentally sound, double ended ferry. The ship, which is the first gas fuelled ferry for a domestic route in Denmark…
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
![](https://images.marinelink.com/images/storage/w150h150c/dzb9n6nw4aasept.jpg)
Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
![](https://images.marinelink.com/images/storage/w150h150c/662036de.jpg)
Digitalization Driving Safety in the Maritime Sector
![](https://images.marinelink.com/images/storage/w150h150c/cropimg2546.jpg)
Designer seeks permit to send out United States gas to Mexico for LNG exports
![](https://images.marinelink.com/images/storage/w150h150c/roundex-adobe-stock-149830.jpeg)
Video: LNG Carrier Transits the Northern Sea Route
![](https://images.marinelink.com/images/storage/w150h150c/eduard-toll-northern-sea-route-passage-1.jpg)
Crowley Christens LNG-Powered ConRo
![](https://images.marinelink.com/images/storage/w150h150c/0x4a1012-bhdisplay.jpg)
Pasha Hawaii Brings LNG Containerships Online
![](https://images.marinelink.com/images/storage/w150h150c/nicksouzahnl1.jpg)
LNG Investment Set to Grow
![](https://images.marinelink.com/images/storage/w150h150c/jim.png)
Maritime Reporter TV Interviews Leif Gross, Caterpillar
![](https://images.marinelink.com/images/storage/w150h150c/74b84e3d.jpg)
Inside Crowley's Commitment Class ConRo Ships
![](https://images.marinelink.com/images/storage/w150h150c/untitled-c616.png)