28769 members and growing – the largest networking group in the maritime industry!

LoginJoin

Wednesday, June 3, 2020

Liquefied Natural Gas News

LNG carrier Al Kharaitiyat (Photo: Nakilat)

Nakilat Transitions LNG Carrier to In-house Management

Qatari shipping company Nakilat said it has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Kharaitiyat from Shell Trading and Shipping Company Limited with effect from Wednesday, as part of the second phase of its planned fleet management transition program.With a cargo carrying capacity of 216,300 cubic meters, Al Kharaitiyat is wholly-owned by Nakilat and chartered by Qatargas. The vessel was built in South Korea by Hyundai Heavy Industries…

© unikyluckk / Adobe Stock

Shipowers See Ammonia, Hydrogen as Best Long-term Fuel Options -Survey

Shipowners see ammonia and hydrogen as the most attractive fuel options for the long term, according to an ABS survey. Nearly 60% of respondents said they viewed hydrogen and ammonia as the most attractive fuel choices in the long-term.The survey of shipowners and operators registering for an ABS webinar, Pathways to Sustainable Shipping, also revealed nearly two thirds of owners currently have no decarbonization strategy in place.When asked which fuel is most likely to be adopted in the near term…

© Björn Wylezich / Adobe Stock

Bahri Puts LNG Tanker Plan on Hold

Saudi Aramco’s shipping division Bahri has put on hold plans to charter up to 12 liquefied natural gas (LNG) tankers after Sempra Energy delayed its decision on whether to proceed with an LNG export project in Texas, two sources said.Bahri issued an expression of interest (EOI) last year to charter the vessels from 2025 in Saudi Aramco’s first foray into LNG as part of the state oil giant’s plan to become a major global player in the gas market.In May last year, Aramco signed a 20-year agreement to buy LNG from Sempra Energy’s planned Port Arthur export terminal and also agreed to buy a 25% eq

Photo: Nakilat

LNG Carrier Delivered to Nakilat

Qatari shipping company Nakilat took delivery of a newbuild liquefied natural gas (LNG) carrier Global Energy. Built by South Korea's Daewoo Shipbuilding & Marine Engineering (DSME), the vessel will be managed in-house by Nakilat and is the first of four LNG carrier newbuilds to be delivered to Global Shipping Co. Ltd., a joint venture of Nakilat (60%) and Greece-based Maran Ventures Inc. (40%). The delivery of all four newbuilds by end-2021 will bring Nakilat’s fleet to 74 LNG carriers…

Photo: NYK Line

New LNG Carrier for EDF LNG Shipping Receives Cyber Notation

A liquefied natural gas (LNG) carrier dubbed Elisa Larus, owned by France LNG Shipping (a French ship-owning company jointly owned by NYK and Geogas LNG) and under a long-term charter contract with EDF LNG Shipping, was delivered. Built at Hyundai Samho Heavy Industriesthe ships is the first long-term contract with EDF LNG Shipping and will be engaged in LNG transportation for up to 20 years.The vessel has a 174,000 cu. m. capacity membrane-type cargo tank fitted with a GTT Mark III Flex cargo containment system and a dual-fuel slow-speed engine (WinGD X-DF).In addition…

© zhang yongxin / Adobe Stock

China to Build Commodity Trading Center in Caofeidian

China will beef up its Caofeidian pilot free trade zone, prioritizing the development of international commodities trade and bringing in more foreign investments, local government said on Monday.The Caofeidian district, on the edge of China's top steelmaking city of Tangshan, aims to achieve trade volume of more than 50 billion yuan ($7.07 billion) and introduce 100 foreign projects by 2022, it said in a statement on its website.The district also plans to make a commodities trading center in northeast Asia in early 2025 and to make China's northwestern provinces and Mongolia a key shipping hub

Maran Gas Vergina - Image by Tim Cheetham - MarineTraffic

LNG Tanker to Discharge First US Cargo in China in 13 Months

The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday.This is the first shipment since March 2019 after a long-standing trade war in which China raised tariffs on LNG imports from the United States to 25% last year.The tanker berthed on Monday in Tianjin, where China National Offshore Oil Corp (CNOOC) and Sinopec operate LNG terminals, ship-tracking data from Refinitiv and data…

© e-leet / Adobe Stock

Seaborne Coal Prices Under Pressure

Worrying signs are emerging for coal exporters to the world's biggest markets in Asia, as top buyers China and India move to favor domestic supplies over seaborne imports.The prices of higher-grade Australian thermal coal, lower-rank Indonesian thermal coal, and Australian coking coal used in steel-making have come under pressure in recent days, amid signs demand may be easing.Vessel tracking and port data compiled by Refinitiv suggests a slowing in cargo offloadings in top importer China…

© vladsv / Adobe Stock

Sinopec Building LNG Storage Tanks at Tianjin Terminal

China's energy giant Sinopec has started building storage tanks in the second phase of its Tianjin terminal project to receive liquefied natural gas (LNG), the company said in a statement.The plan for the second phase is to have five LNG tanks, with storage capacity of 220,000 cubic metres each, and a new berth for LNG vessels.After the project is completed in end-2021, the LNG receiving capacity at the terminal will expand to 10.8 million tonnes per annum from the current 6 million tonnes.So far, the terminal has received 11.21 million tonnes of LNG since the first phase of the project was la

(Photo: AET)

Total Charters LNG Dual-fuel VLCCs

Malaysian shipowner AET said it signed a deal with Total's Chartering and Shipping Services SA for the time charter of two liquefied natural gas (LNG) dual-fuel very large crude carriers (VLCC). The two newbuilds, which are able to carry about 300,000 tons of crude oil each, are scheduled to be delivered to AET from the first quarter of 2022.The two newbuilds will be powered by LNG and will be among the most environmentally friendly VLCCs in the market. When in service, they will emit around 20% less CO2 greenhouse gases than conventional vessels; 85% less NOx and 99% less SOx.

Roberto Garnham Poblete / MarineTraffic.com

Laden LNG Tanker Bound for China is First from US Since March 2019

A liquefied natural gas (LNG) tanker which loaded a cargo from the United States is currently heading to China, the first shipment since March 2019, according to shiptracking data from Refinitiv Eikon and Kpler on Monday.The tanker SK Resolute loaded the cargo from the Cameron LNG terminal on March 22 and was originally headed to Cristobal, Panama, according to shiptracking data from Refinitiv Eikon and data intelligence firm Kpler.It changed its destination to Tianjin in China on March 28 and is expected to arrive at the Chinese port on April 28…

(File photo: Novatek)

Yamal LNG Resumes Loading Operations in Norway

Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.Novatek suspended transfers in Norway in June last year due to what it termed "pressure from the West".According to Refinitiv Eikon data, the Arc7 tanker Vladimir Vize is due to arrive at the Norwegian Arctic port of Honningsvag on April 1, carrying a cargo from Yamal LNG.The data also showed that an empty Arc4 tanker…

© Wojciech Wrzesien/AdobeStock

Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure

At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.Gas demand is falling globally amid the fast-spreading coronavirus which has capped industrial output, forcing LNG tankers in several regions to remain at sea fully laden with no immediate destination, the sources said.At least three major buyers in India…

MAN Energy Solutions has been comissioned to develope and construct a liquefied methane terminal in the port of Oxelösund, Sweden  (Photo: MAN Energy Solutions)

MAN Cryo Develops Liquefied Methane Terminal in Swedish Port

OxGas, a company fully owned by the Port of Oxelösund in Sweden has commissioned MAN Energy Solutions to act as “owners engineer” in the development and construction of a multi-functional terminal for liquefied methane based fuels in the port of Oxelösund. The terminal will be designed to feed both liquefied natural gas (LNG) and green methane derived from bio gas to SSAB ’s steel production in Oxelösund, and to re-distribute it via train and trailers to other parts of Sweden.The…

Paul Blomerus (Photo: Clear Seas)

Clear Seas Names Blomerus Executive Director

Clear Seas Center for Responsible Marine Shipping announced that Paul Blomerus, PhD, will assume the position of Executive Director, in March 2020.Dr. Blomerus is an internationally-experienced researcher and leader in innovation with a background in industry as well as university research management. Most recently, as a Senior Advisor, Research and Industry Partnerships with the University of British Columbia (UBC), he developed two research clusters focused on clean energy and marine systems. Dr.

Dry bulk carriers are the majority (195 ships/25.3 million DWT) of the "K" Line fleet. Photo: "K" Line

Interview: Toyohisa Nakano Discusses "K" Line Green Initiatives

Last year Kawasaki Kisen Kaisha, Ltd. (“K” Line) – one of the world’s largest and most influential ship owners with 478 ships comprising 40.5 million DWT and more than 6,000 employees – celebrated its 100th anniversary. Toyohisa Nakano, Executive Officer, in charge of Ship Technical and Environmental Affairs for “K” Line, is a 30+ year veteran of the company. He discusses with Maritime Reporter & Engineering News the ship owner’s strategy to meet ever-tightening ship emission regulations.Please provide an overview of the ships you have on order today.We placed an order for 210…

© evening_tao / Adobe Stock

LNG Bunkering Operations Triple in Spain in 2019

Ship operators carried out 195 liquefied natural gas (LNG) bunkering operations at Spanish ports in 2019, 135 more than in the previous year, Spanish authorities said on Friday.81,704 cubic metres of LNG was supplied to ships during the year.The upward trend continued in January 2020, with 35 operations supplying 12,055 cubic metres.Spain has seven LNG terminals, more than any other country in Europe. The terminals have been or are being adapted to allow them to provide small…

Image: Port of Rotterdam

Green Bunker Demand Jumps at Rotterdam

Low-sulfur fuel sales rose sharply in Rotterdam in the last quarter leading up to the implementation of International Maritime Organisation (IMO) 0.5pc sulfur cap on 1 January.According to Port of Rotterdam, the demand for LNG, bio and low-sulfur bunkers has increased enormously in Rotterdam over the past year. Total sales in this largest European bunker port fell from 9.5 million m3 to 9 million m3.In the last quarter of 2019, sales of low-sulfur bunker oil with a maximum sulfur content of 0.5% – the so-called VLSFO, very low sulfur fuel oil – increased enormously.

Image: Elengy

Elengy Acquires Fosmax LNG

Elengy, a subsidiary of French energy group Engie, has acquired French energy group Total's 27.5% stake in Fosmax LNG, owner of the liquefied natural gas (LNG) terminal at Fos Cavaou in southern France.Elengy now owns 100% of its three LNG terminals: Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne. Until now Fosmax LNG was owned 72.5% by Elengy and 27.5% by Total Gaz Electricité Holding France (TGEHF).The acquisition of the shares is financed mainly by an increase in Elengy’s capital reserved for the Société d’Infrastructures Gazières (SIG).

Artist's impression of the new port (© Port of Ystad)

EU Loan Supports Ystad LNG Upgrades

The European Investment Bank (EIB) has signed a SEK 445 million ($45.6 million) loan agreement with the Municipality of Ystad to expand harbor facilities so that new, larger liquefied natural gas (LNG) vessels on the Swinoujscie-Ystad line can access the harbor.The port in the southern-Swedish town is a busy connection point to the Polish Port of Swinoujscie and the Danish island of Bornholm. The project aims at increasing the capacity and upgrading the Port of Ystad facilities in order to accommodate larger ro-pax vessels over 240 meters in length…

© Piyawat Hirunwattanasuk / Adobe Stock

China to Grant Tariff Exemptions on 696 US Goods

China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.Tuesday's announcement comes after the Phase 1 trade deal between the two countries took effect on Feb. 14 and is the third round of tariff exemptions China has offered on U.S. goods.China has committed to boosting its purchases of goods and services from the United States by $200 billion over two years as part of the agreement…

Image: OLT Offshore LNG Toscana

EU Clears OLT Takeover by SNAM and FSI

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…

From left to right: Sembcorp Marine President & CEO Mr Wong Weng Sun; Sembcorp Marine Head of R&D Mr Simon Kuik; Professor Tan Sze Wee, Assistant Chief Executive, Science and Engineering Research Council, A*STAR; and Mr Frederick Chew, CEO, A*STAR

Sembcorp in Offshore R&D Pact with A*Star

The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their research and development (R&D) collaboration for the offshore marine and clean energy sectors.By signing a master research collaboration agreement (MRCA) the two parties aim to “shorten the development cycle and time-to-market of new offshore, marine and clean energy solutions achieved through their research efforts”.Sembmarine and A*Star will set up Joint Lab@TBY…

Image: Qatargas

Shell, Qatargas Sign LNG Deal for Kuwait

The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait, commencing this year.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said, “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation.

The signing ceremony was held in Kuala Lumpur, Malaysia. Photo: K Line

K Line Orders LNGC with Hudong-Zhonghua

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has ordered two liquefied natural gas (LNG) carriers with  with Hudong-Zhonghua Shipbuilding backed by long-term contracts with Malaysia's energy giant Petronas.The 12-year contract to charter them to Petronas starts in 2022, with an option for an extension for a further 12 years.The two vessels will be built by Hudong–Zhonghua Shipbuilding , a wholly owned subsidiary of China State Shipbuilding Corporation, the largest shipbuilding group in China…

Graph: Rystad Energy

Australia Becomes World's Largest LNG Exporter

Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of the top spot."Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar, with its supplies expected to reach 81 million tonnes (MT) as Ichthys LNG and Prelude FLNG increase production," Rystad Energy said.Meanwhile, Qatari exports will remain at current levels, around 77 MT. The US will increase LNG exports from about 36 MT in 2019 to 56 MT in 2020, dominating new LNG supply contributions.