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Monday, July 22, 2019

Gas Carrier News

Photo courtesy of ABS

ABS, MOL in Landmark Gas Carrier Pact

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.ABS will provide plan review, survey, inspection and other classification services for vessels, machinery and equipment as well as assist with managing the requirements for foreign flag carriers calling at U.S.

Captain Rajesh Unni, Co-CEO of AOT and CEO and Founder of leading Singapore-based shipmanager Synergy Group (Photo: Synergy)

ClassNK Certification for SMARTSHIP

ClassNK  confirmed type approval certification for SMARTShip, a patented digital shipping solution developed by Alpha Ori Technologies (AOT).SMARTShip, an Internet of Things (IoT) platform that enables the onboard operation of multiple systems with varying degrees of autonomy, has already been installed on more than 30 vessels, with another 60 ships are at various stages of the set-up process.ClassNK’s certification for SMARTShip approves the solution as a ‘Computer Based System’ which conforms to the Class Society’s rules governing a product performing ‘Remote Monitoring and Diagnostics’…

Pic: BW LPG

VLGC Freight Rates Recover

The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U.S. and the Far East.According to BW LPG, the owner and operator of liquid petroleum gas (LPG) vessels,  the recovery in VLGC freight rates was further strengthened by two occasions of fog and a temporary closure of the Houston Ship…

(From left) Captain Saadon Shukor, General Manager Marine Services Department, Johor Port Berhad, Shahrull Allam Shah Abdul Halim, CEO of Johor Port Berhad, Ezhar Yazid Jaafar, CEO of Petronas LNG Limited Sdn Bhd and Mohd Hanafi Jamal, General Manager, Fleet Management Department PETRONAS LNG Sdn Bhd, at the signing ceremony. Photo: Johor Port

Johor Port, Petronas LNG Sign Services Pact

Johor Port Berhad has signed an agreement with Petronas LNG Ltd. to provide marine services for vessels that receive gassing up and cooling down (GUCD) services at PLL’s Regasification Terminal Pengerang.According to a press release from integrated multi-purpose port facility located at the southern tip of Peninsular Malaysia, the signing of the Marine Services Agreement by Johor Port Bhd and PPL enables the provisioning of marine services and attractive tariff for vessels that…

Image: Port of Marseille Fos - Marseille Fos Port Authority

Stable Year for Marseille Fos Port

French cargo and cruise port Marseille Fos had a relatively stable year in 2018 with traffic of more than 81 million tonnes, up 1%.The performances included a seventh consecutive year of growth in container traffic, which rose 2% for 1.4 million teu, and a 12% increase in dry bulks at 15.2MT. Meanwhile cruise numbers leapt 15% to 1.7 million passengers.Infrastructure development and maintenance spending of €60 million featured further logistics park expansion. Alongside this, agreements were reached on major industrial implantations.

Crowley's LNG fueled con/ro ship El Coqui, arriving at Puerto Rico for the first time. (Photo courtesy Crowley)

For JAXPORT, LNG Spells Success

‘A thousand firsts’ and a constantly growing list of players underscores the rapid development of LNG as a fuel – especially along the East Coast of the United States.Click on the headlines for the phrase “LNG Bunkering” and you immediately learn that it is an industry of a thousand firsts and a constantly growing list of players.“Russia's Novatek ships first LNG cargo to China via Arctic; Yamal LNG ships first LNG cargo to Spain; Qatar ships first LNG to Japan, signs accord; Japan orders its first LNG bunker vessel…

Image: TMS Cardiff Gas

TMS Cardiff Gas Orders Four LNG Carriers at Hyundai Heavy Industries

Greek gas carrier owner and operator TMS Cardiff Gas has signed additional contracts with Hyundai Heavy Industries (HHI) & Samsung Heavy Industries (SHI) of Korea for the construction of 174,000 cubic meter LNG carriers with XDF propulsion. The Greek corporation said that this order is the latest in the Company’s X Carrier Series of orders taking the tally of X Carriers Series within the fleet to eleven. The Company’s fleet of managed vessels has grown to sixteen. The vessels are scheduled for delivery in 2020/2021…

Kongsberg Digital’s delivery to GasLog includes an integrated turnkey solution featuring advanced K-Sim navigation, engine and cargo-handling simulators for training GasLog crew in LNG operations. (Image: Kongsberg Digital)

Kongsberg to Deliver Simulator Package to GasLog

Kongsberg Digital (KDI) will deliver to GasLog a comprehensive liquefied natural gas (LNG) simulator package designed to enable new levels of safety and operational training for the owner/operator’s professional crews.GasLog operates 27 LNG vessels through its subsidiary, GasLog LNG Services and has seven ships currently on order. The KDI contract represents a commitment and investment on GasLog’s part to provide a high-level training environment for their crews, solely focused on LNG operation.The scope of supply is based on an integrated…

Q-LNG, VTHM Execute LOI for Another LNG Bunkering Vessel

Quality Liquefied Natural Gas Transport, LLC (“Q-LNG”) announced its further commitment to support the cruise line industry and its liquefied natural gas (“LNG”) marine fueling needs by executing a letter of intent (“LOI”) with VT Halter Marine, Inc. (“VT Halter”) to construct an 8,000m3 LNG Bunkering Vessel on speculation.CEO, Shane Guidry, commented, “With the past and recent announcements by major cruise lines to build and deliver LNG powered cruise ships to the U.S. market…

LNG Schneeweisschen' Photo: ©Luksa Karaman, Marinetraffic.com

Braemar Shipping Services Adds New LNGC 'LNG Schneeweisschen'

Braemar Shipping Services announced the successful delivery of the 180,000m3 Liquid Natural Gas Carrier (LNGC) called “LNG Schneeweisschen” from Daewoo Shipbuilding & Marine Engineering (DSME), South Korea, as part of the ongoing LNGC newbuilding project between Uniper Global Commodities SE (Uniper) and Braemar.The international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries said that the vessel has been built for Japan based owners…

Photo: Samsung Heavy Industries

Samsung Heavy Industries Wins a LNGC Duo for USD 370 mln

Samsung Heavy Industries(SHI) revealed on April 4th that a contract for two 174,000㎥ LNG carriers on BOD approval term. The price is 184 million USD per vessel(around KRW 195 billion). The latest LNGCs would be delivered in July and October 2020. The contract comes with option for two. The LNG carriers would be equipped with Mark-Ⅲ Flex type containment system with re-liquefaction to lower BOG. The vessels are loaded with fuel saving technologies customized for the owner's operational needs.

Photo: The Great Eastern Shipping Co. Ltd

GE Shipping to Buy Secondhand VLGC

India's largest private sector shipping company which mainly transports liquid, gas and solid bulk products Great Eastern Shipping Company Limited (GE Shipping) signed a contract to buy a secondhand Very Large Gas Carrier (VLGC) of about 81,617 cbm. The 2007 built vessel is expected to join the Company’s fleet in Q1 FY19. This is the second gas carrier in less than a week as GE Shipping looks to tap the rising demand to import liquefied petroleum gas (LPG) in India. On March 26, GE Shipping  signed a contract to buy a secondhand Medium Gas Carrier (MGC) of about 36,567 cbm.

Photo: DryShips

DryShips to Spin Off of Its Gas Carrier Business

DryShips, a diversified owner of ocean going cargo vessels, announced that its wholly owned subsidiary, Gas Ships Limited has filed a registration statement on Form F-1 with the U.S. Securities & Exchange Commission, to spin off of its gas carrier business from the Company. In the spin-off, DryShips will distribute to holders of its common stock 49% of the issued and outstanding shares of Gas Ships Limited's common stock. Following the spin-off, Gas Ships Limited will be a publicly-traded company, and DryShips will retain a 51% ownership interest in Gas Ships Limited.

Photo: Hyundai Heavy Industries

Hyundai Heavy Bags Canadian Facility Order

South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has won a design contract worth about $500 million for a liquefaction unit to be used for Steelhead LNG’s Kwispaa LNG export project in Canada’s British Columbia, reported Yonhap. Hyundai Heavy will conduct a front-end engineering design (FEED) for the hull of the At-Shore LNG (ASLNG) and build the LNG liquefaction facility for Steelhead LNG Corp., the company said in a statement. The ASLNG facility, scheduled to begin operations in 2024 on the coast of Vancouver…

File Photo: DryShips Inc

DryShips Adds Fourth VLGC

DryShips, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of its fourth high specification very large gas carrier (VLGC) newbuilding. The VLGC will be employed under a fixed rate time charter with ten years firm duration to an oil major trading company. The Company expects a total gross backlog associated with this time charter of up to $103.8 million. DryShips has now taken delivery of all of the 17 vessels it has  acquired since the beginning of 2017.

 Photo: Russian Maritime Register of Shipping

Arctic LNG Carriers Delivered: RS Class

The construction of a series of Arctic LNG carriers under the technical supervision of Russian Maritime Register of Shipping (RS) is in progress: in November “Boris Vilkitsky” and “Fedor Litke” gas carriers were delivered to the customer and the keel of a new gas carrier was laid. A series of 15 LNG carriers unique in design, is being constructed as part of the implementation of the large-scale RF liquefied natural gas production project Yamal LNG. The construction site is Daewoo Shipbuilding & Marine Engineering shipyard in the Republic of Korea.

File Photo: DryShips Inc

DryShips Adds Third VLGC

DryShips Inc., a diversified owner of ocean going cargo vessels, announced that it has taken delivery of the previously announced high specifications third newbuilding Very Large Gas Carrier (VLGC). The VLGC will be employed under a time charter on a fixed rate with ten years firm duration to an oil major trading company. The Company expects a total gross backlog associated with this time charter of up to $103.8 million. Since the beginning of this year, DryShips has taken delivery of 16 vessels and expects to take delivery of one more at the beginning of next year.

File Photo: DryShips Inc

DryShips Commences 5 Year TC for Second VLGC

DryShips, a diversified owner of ocean going cargo vessels, announced today that, its second Very Large Gas Carrier commenced its time charter on a fixed rate with five years firm duration to an oil major. The charterer has options to extend the firm employment period by up to three years. The Company expects a total gross backlog associated with this time charter of up to USD 92.7 million including the optional periods. Five days ago, DryShips announced that it has taken delivery of the previously announced high specifications second newbuilding VLGC.

Image: DryShips Inc.

Dryships Adds New VLGC

DryShips Inc, a diversified owner of ocean going cargo vessels, has announced that it has taken delivery of the previously announced high specifications second newbuilding Very Large Gas Carrier (VLGC). The VLGC will be employed under a time charter on a fixed rate with five years firm duration to an oil major. The charterer has options to extend the firm employment period by up to three years. The Company expects a total gross backlog associated with this time charter of up to $92.7 million including the optional periods.

Photo: NGO Shipbreaking Platform

Brazil Criticized for Dumping Toxic Ships in South Asia

NGOs and trade unions in Brazil have criticized the state-run Petrobras’ end-of-life fleet management by dumping toxic ships on South Asian beaches. The Brazilian Confederação Nacional dos Trabalhadores em Transportes Aquaviários e Aéreos, na Pesca e nos Portos (CONTTMAF) trade union federation and its member SINDMAR (Sindicato Nacional dos Oficiais da Marinha Mercante) have recently criticized the shipbreaking practices of Transpetro, the oil and gas transportation subsidiary of the Brazilian petroleum corporation Petrobras, majority-owned by the State.

Sovcomflot President and CEO Sergey Frank. Photo: PAO Sovcomflot

Sovcomflot Pushes for LNG-fuelled Vessels

SCF Group's Sovcomflot sees bright future for LNG-fuelled vessels in the tanker industry. "LNG is a promising fuel for large-capacity vessels, which will significantly increase their environmental compatibility and efficiency," says the company. As the world’s leader in the Aframax tanker segment, Sovcomflot is pioneering the conversion of this class of vessel to LNG as a fuel. SCF Group signed a bunkering agreement with Shell for the supply of gas engine fuel for SCF’s Aframax tankers that are specially designed to run on LNG.

Graph: Clarksons Research

ClarkSea Index: Shipping Markets Under Severe Pressure

With the ClarkSea Index around $9,000/day, and many if not most of the major shipping markets under severe pressure, it’s hard to escape the conclusion that the shipping markets are a tough place right now, with limited pickings to share between owners. Last week the ClarkSea Index stood at $8,743/day, and during 2016 as a whole the index averaged $9,441/day, taking into account earnings in the tanker, bulkcarrier, gas carrier and containership sectors, across a selection of over 21,000 units at the start of the year.

Image: DryShips Inc

DryShips Sails Back into Tanker Market with Two Modern Vessels

Greek owner of drybulk carriers DryShips Inc. has announced that it is re-entering the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). -  One 113,644 DWT Aframax tanker currently under construction in South Korea. The Company expects to take delivery of this vessel sometime in the second quarter of 2017. The vessel is expected to be employed in the spot market. - One 320,105 DWT Very Large Crude Carrier built in 2011. The Company expects to take delivery of this vessel sometime in the second quarter of 2017.

Coral Methane loading. Photo source : Shell

Shell loads first LNG vessel at Gate Terminal

Shell’s started operations of the new LNG fuel infrastructure at Gas Access to Europe (Gate) terminal in the Netherlands. The new LNG fuel infrastructure included the construction of a new berth. This new berth has now started operations. The loading of Shell’s chartered LNG vessel, the Coral Methane happened on the 19th of September. ·In July 2014, Shell took the Final Investment Decision to buy capacity at the Gas Access to Europe (Gate) terminal, which enabled the investment in new, dedicated liquefied natural gas (LNG) fuel infrastructure.

Steffen Langlette Photo WSS

WSS Assists Avance Gas Vessels Transit Panama Canal

Wilhelmsen Ships Service (WSS) is moving to ensure that its customers’ vessels pass through the new Panama and Suez Canals with the optimum efficiency, speed and safety thanks to a fresh Ships Agency ‘canal transit’ solution. The service, which will be run by dedicated local teams, has already picked up its first contract, securing an agreement with leading very large gas carrier (VLGC) owner and operator Avance Gas for the Panama Canal transit of its neo-panamax ships Passat and Breeze.

Commander Jason Smith, USCG presents the United States Coast Guard Meritorious Public Service Award to Roy Bleiberg, Vice President of Engineering for ABS Americas Division. Photo ABS

USCG Recognises Bleiberg of ABS

ABS informed that the United States Coast Guard (USCG) has awarded Roy Bleiberg, Vice President of Engineering for the ABS Americas Division, the USCG Meritorious Public Service Award. The award is the second-highest public service award presented by the USCG to civilians who provide substantial contributions that results in advancement of the Coast Guard’s mission and benefit the general public. Commander Jason Smith, Detachment Chief, USCG Liquefied Gas Carrier National Center of Expertise, presented this prestigious award at a ceremony at the ABS World Headquarters on Wednesday, 27 July.