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Monday, September 23, 2019

Liquefied Natural Gas News

Image: Carnival to Expand

Carnival to Expand Terminal F at PortMiami

Carnival Cruise Line expressed appreciation today to the Miami-Dade County Commission for approving a proposal for a complete renovation and major expansion of Cruise Terminal F at PortMiami that will be capable of supporting the operations of Carnival's new Excel class ship – clearing the way for the yet-to-be-named sister ship of Mardi Gras to be homeported in Miami when it is delivered in 2022."With today's approval, we will move quickly on a plan to remodel and expand Terminal F so that it will accommodate the most innovative class of ship to join our fleet…

Pic: Qatargas

Petrobangla Gets 1st Q-Flex LNG cargo from Qatargas

Qatargas made its first liquefied natural gas (LNG) cargo delivery (LNG) on a Q-Flex vessel to the Floating Storage and Regasification Unit (FSRU) named ‘Excellence’ and known as Moheshkali LNG Terminal (MLNG), located offshore Bangladesh.According to a press release from the Qatargas Operating Company, the cargo, aboard Qatargas-chartered ‘Al Thumama’, was loaded at Ras Laffan on 4th September and delivered to MLNG on 20th September 2019. This is the first commercial open water ship-to-ship transfer involving a Q-Flex vessel.

Pic: Dynagas LNG Partners LP

Dynagas LNG Secures $675Mln Loan

Dynagas LNG Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers, announced it has secured a $675 million syndicated loan from leading international banks.The credit facility will be secured by mortgages on the partnership’s entire fleet of six LNG carriers, the Monaco-headquartered company said.This move is expected to help the company eliminate its existing dept of totaling $720 million.Tony Lauritzen, Chief Executive Officer, Dynagas LNG Partners said: "We are pleased to enter into this transformative re-financing.

Pic: ENI

Boskalis Unit Scores Mozambique FLNG Gig

Dutch dredging company Royal Boskalis Westminster announced that its 50%-owned associate company Smit Lamnalco is contracted by Coral FLNG to provide marine services to the first Mozambique floating liquefied natural gas (FLNG) terminal.The 10-year contract with additional extension options marks the first terminal services contract award for the Mozambique offshore LNG developments.The contract value for Smit Lamnalco amounts to approximately USD 200 million and services will…

Photo courtesy of TNPA

LPG Tanks Arrive at Port of Richards Bay

Transnet National Ports Authority’s (TNPA) Port of Richards Bay welcomed the arrival of four new 5650-ton liquefied petroleum gas (LPG) storage bullets on Thursday, September 12th on board the vessel XIN LU.The bullets are for the 22,600-ton capacity mounded LPG facility which is being developed at the port by Bidvest Tank Terminals (BTT), a unit of the Bidvest Group. The terminal will store LPG on behalf of independent LPG specialist Petredec, which ships the fuel from the US and the Middle East.Construction began in October 2018 and the facility is expected to become operational in 2020…

Image: Hyundai Heavy Industries Group

Hyundai Wins LNG carrier Order from H-Line

Hyundai Samho Heavy Industries (HSHI), a unit of the South Korean shipbuilder Hyundai Heavy Industries (HHI), has won an order for a liquefied natural gas (LNG) carrier.According to a stock exchange announcement by HHI, the deal has a value of $191.2 million.Yonhap reported that, under the deal with H-Line Shipping Co., a midsize South Korean shipper, Hyundai Samho will deliver the vessel with a cargo capacity of 174,000 cubic meters by December 31, 2021.Hyundai Samho, under Hyundai Heavy Industries Group…

Image: Novatek

Green Light for Arctic LNG 2

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million tons per year (Mt/y) and is expected to export its first LNG cargo by 2023, the second and third train to start up by 2024 and 2026.Total has a direct 10% interest in Arctic LNG 2 alongside Novatek (60%), CNOOC (10%), CNPC (10%) and a Mitsui-Jogmec consortium, Japan Arctic LNG (10%).

Photo: Eric Bakker/Port of Rotterdam

Rotterdam Port Expects Several Years of Rising LNG Bunker Use

The Port of Rotterdam on Wednesday said it expects sales of liquefied natural gas (LNG) as a bunker fuel to increase in the coming years as ships are forced to switch to cleaner sources of energy.Europe's largest sea port expects throughput of LNG as a bunker fuel to increase to around 30,000 tonnes this year, up from 9,500 tonnes in 2018, director Maud Eijgendaal told reporters."If we keep up this growth we can reach a million tonnes by 2025-2030, which would be around 10% of all bunker fuels sold in Rotterdam"…

File Image: SMM

SMM 2020 Publishes Maritime Industry Report

“Driving the maritime transition”: In times of the global climate debate and the digital transformation, SMM 2020 will once again be the focal point for decision-makers in the maritime industry.Topics that are currently high on the industry's agenda are highlighted in the new issue of the SMM Maritime Industry Report: Shipping, shipbuilding and supplier companies are especially interested in alternative propulsion technologies and attractive niche markets.The year 2020 marks a major turning point in international shipping: On January 1…

Naval architecture and marine engineering degrees can lead to major job opportunities and high-salary careers. 

(Photo: © Adobe Stock / Aleksandr)

Naval Architecture and Marine Engineering Tops for Jobs

The results of a recent survey conducted by financial services company Bankrate, LLC show that naval architecture and marine engineering take the top spot as the most valuable college degrees in which to major.A total of 162 degrees were covered in the company’s research. Drama and theater arts, on the other hand, were shown to be the least valuable degrees in terms of earning power after graduation. The survey revealed that the overall median income for those trained to build, design and maintain maritime vessels was $90,000 and that less than 2 percent of degree holders were unemployed.

Pic: NYK

NYK Signs LNG Vessel Order for Total TC

Japanese shipping gaint Nippon Yusen Kabushiki Kaisha (NYK) has signed a new long-term contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The contract calls for TGPCL to charter from NYK a newly built liquefied natural gas (LNG) carrier that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The LNG carrier will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

Photo: CMA GCM

CMA CGM will not use the Northern Sea Route

Ahead of the G7 meeting at Biarritz from August 24-26, French President Emmanuel Macron, accompanied by Economy and Finance Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and Deputy Minister for the Ecological and Inclusive Transition Brune Poirson, this afternoon has invited to the Elysée Palace representatives of the shipping industry including global leader CMA CGM.On this occasion, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, will…

Photo courtesy: Höegh LNG

FLNG Market to Touch $17.5Bln by 2026

The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value around $17.5 billion by 2026.Increasing demand for clean fuel techniques and increasing concentrate on sustainable energy blend will boost FLNG market growth, said a report by Acumen Research and Consulting.Rapid depletion of fossil fuel, combined with continuing carbon footprint reductions, will promote favorable company development.According to the International Energy Agency (IEA)…

World’s first LNG-powered crude oil tanker (courtesy of SCF Group)

Shell Charters LNG-Powered Tanker Fleet

Shell Tankers (Singapore) Private Ltd has agreed a long-term deal to charter a fleet of 10 LNG dual-fuel Aframax crude oil tankers from Sinokor Petrochemical Co Ltd, which expects to take delivery of them from Samsung Heavy Industries in South Korea in 2021."Shell has agreed to charter a fleet of new liquefied natural gas (LNG)-fueled crude oil and products tankers, as part of its drive to decarbonise shipping," said a press note.Separately, Shell has agreed long-term charters for four new LNG dual-fuel oil products tankers, from institutional investors advised by J.P.

Photo: CIMAC

Guidance on 0.50% Sulphur Marine Fuel

A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50% - sulphur marine fuel released on August 20, 2019.The publication has been developed by experts from across shipping, refining, supply and testing of marine fuels.The publication is designed to provide guidance for stakeholders across the marine fuels and shipping industries, from fuel blenders and suppliers to end users. It presents the specific safety and operational issues relating to the supply and use of max.

Image: Freeport LNG

First Production for Freeport LNG

Freeport LNG has reached a new milestone - it has become the sixth major US liquefaction facility to start up, with the operator confirming that production had begun at the Texas facility."McDermott International along with its partners, Chiyoda International Corporation and Zachry Group, announced that Train 1 of the Freeport LNG project on Quintana Island in Freeport, Texas, has begun producing liquefied natural gas (LNG)," said a press release.The American multinational engineering…

Image: Port of Newcastle

NSW Govt Supports LNG Import Terminal

New South Wales Government is considering a proposal for a $590 million liquefied natural gas (LNG) import terminal in the Port of Newcastle, with the project given critical state significance.Under the prosposal, the terminal will be built at Kooragang Island in Newcastle Port and promises to supply NSW with up to 80 per cent of its gas requirements.The Newcastle GasDock project - with an estimated direct onshore investment of up to AUD$250M at the Port - today received Critical State Significant Infrastructure (CSSI) status from NSW Minister for Planning and Public Spaces…

Photo: AIDA Cruises

LNG Cruise Ship Takes Shape in Germany

On August 15, 2019, the first steel cut took place at the Meyer Werft shipyard in Papenburg for the sister ship of AIDAnova, a world’s first cruise ship that is fully powered with liquefied natural gas (LNG). With the official start of construction for the second ship of this innovative AIDA ship generation to be put into service in spring 2021, the company is continuing its course and making a further contribution to reduced emissions in cruising. As early as 2023, the third LNG cruise ship of AIDA Cruises, “Made in Germany,” will set sail.

Photo: Great Lakes Dredge & Dock Corporation

GLDD Reports 2019 Q2 Financials

Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), a provider of dredging services in the United States, has reported financial results for the quarter ended June 30, 2019. The company weighs in as follows:Second Quarter 2019 Highlights•Revenue was $184.8 million in the second quarter, a $49.5 million or 36.6% increase over the prior year quarter.•Gross margin percentage increased to 20.3% in the second quarter from 16.4% in the prior year quarter.•Total operating income from continuing operations was $22.8 million…

The M/V Lyra Leader (Image CREDIT: Baltimore CBP

Baltimore CBP Hits Agriculture Threat Trifecta

CBP Intercepts Five Destructive Asian Gypsy Moth Egg Masses on Three Vessels.According to the U.S. Department of Agriculture (USDA), Asian Gypsy Moths are one of the most destructive insect pests in the world. They are not known to occur in the United States, yet they are knocking on our doorsteps. Three recent U.S. Customs and Border Protection (CBP) interceptions in Baltimore prove how hard CBP agriculture specialists are working to protect against Asian Gypsy Moths establishing here.On July 19…

AIDAnova. Image: Carnival Corporation

German Award for AIDA Cruises

AIDA Cruises' newest ship AIDAnova recognized with prestigious international certification for excellence  in environmentally friendly ship design by Germany's Federal Ministry for the Environment.Carnival Corporation, the world's largest leisure travel company and the owner of German brand AIDA Cruises, said that AIDAnova features several innovative approaches to "green cruising," including being the first cruise ship capable of being powered in port or at sea by liquefied natural gas (LNG)…

© vintagepix/AdobeStock

Ships from Venezuela can still transit Panama Canal

The Panama Canal will allow vessels coming from Venezuela to transit the waterway provided they present the necessary paperwork, the canal authority's chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American country may not make any difference to canal traffic.President Donald Trump's administration last week issued an executive order freezing all Venezuelan government assets in the United States. Shortly thereafter, U.S. officials ratcheted up threats against companies that do business with Venezuela.The measure did not explicitly place sanctions on non-U.S.

Pic: Excelerate Energy L.P.

YPF to Ship Argentine LNG

Argentine oil company YPF reached a preliminary agreement with Texas-based Excelerate Energy to hire a liquefied natural gas (LNG) tanker for shipping cargoes to global export markets.As per agreement, YPF will export LNG produced from the TANGO FLNG unit, located in Bahía Blanca.Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September.“We continue progressing in our ambition to add value to Argentine natural gas and to export surpluses during those months of low local consumption…

Pic: Awilco LNG

Awilco Refinances LNG Fleet

Norwegian liquefied natural gas (LNG) transportation company Awilco agreed and signed a term sheet for the financing of its two liquefied natural gas carriers with an Asia-based company.The refinancing for the two 2013-built 156,000-cbm TFDEs WilForce and WilPride, has been structured as a sale/leaseback similar to the current financing of the vessels, said a press note from the pure play LNG transportation provider, owning and operating LNG vessels intended for international trade.Awilco LNG says it expects the new financing to close during the fourth quarter of this year…

Jim Schnieders. Photo: Black & Veatch

FLNG Innovations Boost Gas Industry Growth

Liquefied natural gas (LNG) technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.FLNG helps mitigate siting constraints that shore-based infrastructure may face, pointed out the Kansas City-based engineering firm Black & Veatch.The provider of engineering, procurement and construction (EPC) services for energy also stressed…

The Godmother of the ceremony was Miss MarinellaCossu, a historic employee of the yard. Photo: Fincantieri

Fincantieri Floats Out Enchanted Princess

The largest shipbuilder in Europe Fincantieri has floated Princess Cruises’ new Enchanted Princess out of the building dock at its yard in Monfalcone, Italy.The Italian shipbuilding company based in Trieste said in a press release that interior fittings will now begin, leading the fifth Royal-class ship to its delivery, scheduled in 2020.The ceremony was attended by Firouz Mal, Princess Cruises director new build services, while Fincantieri was represented, among others, by Roberto Olivari, director of the shipyard in Monfalcone.