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Saturday, May 15, 2021

Liquefied Petroleum Gas News

(Photo: Suez Canal Authority)

Ship Blocking Suez Canal Moves Slightly, Unclear When it Will Refloat

Efforts to dislodge a giant container ship blocking the Suez Canal have allowed its stern and rudder to move, but it remains unclear when the vessel will be refloated, the head of the canal authority said on Saturday.The 400 metre (430 yard) long Ever Given became wedged diagonally across a southern section of the canal amid high winds early on Tuesday, blocking one of the world’s busiest waterways.A combination of dredging material from around the ship and pulling and pushing the vessel with tugboats made minor progress in dislodging the ship on Saturday, two SCA sources said.

(Photo: BlackSky)

The Suez Canal: A Vital Transit Route With an Ancient History

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal Authority, is a vital source of foreign currency for Egypt.How much oil goes through the canal?Of the 39.2 million barrels per day (bpd) of crude oil imported by seaborne methods in 2020, 1.74 million bpd went through the Suez Canal…

Wärtsilä Fleet Operations Solution (FOS) by Wärtsilä Voyage is to be employed by Denmark-based UltraShip for its entire fleet of LPG tanker vessels (Photo: UltraShip)

UltraShip to Install Wärtsilä FOS Across Its Fleet

Wärtsilä said its Fleet Operations Solution (FOS) will be employed by UltraShip for the Denmark-based shipowner's entire fleet of 18 liquefied petroleum gas (LPG) carrier vessels.The solution by Wärtsilä Voyage is designed to save costs while increasing safety by automatically optimizing the route and speed of the vessel. It also provides the fullest and latest voyage data, keeping both onboard and onshore personnel informed and notified.The contract was signed in Q4 2020 and roll-out will take place during the first and second quarter of 2021.

(Photo: BSM)

BSM Gains DNV GL Approval for Remote Training Course

Bernhard Schulte Shipmanagement (BSM) said Wednesday it has received DNV GL class approval to offer the Liquified Cargo Operations (LICOS) training course remotely via its Maritime Training Centre (MTC) in Cyprus. The maritime solutions provider is now one of the few organizations within the industry with this capability that meet the standards of the Society of International Gas Tanker & Terminal Operators (SIGTTO).With current restrictions on travel, BSM guarantees steady training delivery to its internal gas fleet as well as to external customers during the COVID-19 pandemic.

© MAGNIFIER / Adobe Stock

ABS Introduces ‘Alternative Fuel Ready’ Guide

Classification society ABS announced Tuesday it has introduced an ‘Alternative Fuel Ready’ approach to help shipowners prepare their fleets for the introduction of alternative fuels.Introduced through the newly published Guide for Gas and Other Low-Flashpoint Fuel Ready Vessels, the new approach is the latest contribution from ABS to assist the industry with the adoption of new fuel technologies.The guide is designed to support shipowners looking to build a new vessel or convert an existing one to use liquefied natural gas (LNG)…

Ammonia-fueled ammonia gas carrier concept (Image: NYK Line)

Japanese Partners Eye Ammonia as Marine Fuel

A joint research and development (R&D) project initiated by a group of Japanese maritime companies aims to utilize ammonia as a marine fuel and establish methods for the mass transportation and supply of ammonia.The joint R&D agreement signed by NYK Line, Japan Marine United Corporation and Nippon Kaiji Kyokai (ClassNK) on August 6 will target the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia…

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…

Image: Nakilat

Nakilat Reports $76m Q1 Profit

Nakilat  announced financial results for the first quarter ended March 31, 2020 with a net profit of $76 million compared to $64 million during the same period in 2019, with an increase of 18%.Despite the ongoing challenges of the global pandemic, Nakilat continued to uphold operational management of its LNG and Liquefied Petroleum Gas (LPG) vessels.Additionally, Nakilat group continued to strengthen its value proposition, with the ship repair, offshore fabrication, towage and…

© Vladimir / Adobe Stock

Tanker Bottleneck Grows at Mexico's Ports

More than 20 vessels loaded with fuel have waited a week or more to discharge gasoline, jet fuel, diesel and liquefied petroleum gas at Mexico's ports, according to Refinitiv Eikon data, as demand craters due to coronavirus-related lockdowns.Mexico imports most of its fuel and has very limited storage capacity. State oil company Pemex and about a dozen independent importers typically discharge at least two gasoline cargoes per day, mostly coming from the United States.In January…

Phoenix Tankers Adds New LPG Carrier

Japan's Kawasaki Heavy Industries (KHI) has delivered the Phoenix Gaia, an 82,200 m3 capacity liquefied petroleum gas (LPG) carrier, for Phoenix Tankers Pte. Ltd.According to a press note from the shipbuilder, Phoenix Gaia is the 60th LPG carrier and the 11th vessel of the same type to be built by the company.This vessel adopts Kawasaki's indegenously developed bow shape called SEA-Arrow, which significantly improves propulsion performance by minimizing bow wave resistance.The release said that the main engine powering the vessel is an energy-efficient…

© Markeliz / Adobe Stock

Suez Canal Revenues Rose in 2019

Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday.The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by 5% compared with 2019, it added.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.(Reporting by Omar Fahmy, writing by Mahmoud Mourad; Editing by Toby Chopra)

Singapore Raises Concern over HHI-DSME Deal

The Competition and Consumer Commission of Singapore (CCCS) has expressed concern about the agreement of fusion notified from the South Korean shipbuilding groups Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering Co. (DSME).The authority antitrust of Singapore has raised competition concerns with the proposed acquisition by Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE) of a majority interest in DSME and the intended integration of the businesses of KSOE and DSME.Earlier…

Babcock Wins Multiple Orders

UK-based engineering services company Babcock said that its liquefied gas equipment (LGE) arm has netted 26 orders in the LNG and liquefied petroleum gas (LPG) carrier markets so far this year.Having won 16 contracts in the LPG carrier market, plus a further 10 ecoSMRT contracts for LNG carriers so far in 2019, the company continues to thrive in challenging market conditions.Now contracted to deliver LPG Fuel Gas Supply System (ecoFGSS) on six LPG carriers in a range of sizes, including the world’s first new-build system, Babcock’s LGE business dominates the sector whilst maintaining LPG and L

Asian LPG Market to Cross $109Bln by 2024

The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG  as a fuel for power generation in remote and off-grid locations in comparison to its less environment-friendly alternatives like coal, diesel and fuel oil.Increasing demand for LPG used to run vehicles (Autogas)  is being witnessed as it is a comparatively cheaper automotive fuel and can be used in vast applications related to transportation…

Avance Gas Names Ulrik Andersen as CEO

Avance Gas Holding, a Bermuda-based company engaged in the transportation of liquefied petroleum gas, announced the appointment of Ulrik Andersen as Chief Executive Officer of Avance Gas AS, the management company of the Avance Gas group.Ulrik Andersen is appointed as Chief Executive Officer effective August 2019, a press note said.Ulrik has extensive experience from VLGC ship owning, most recently as Commercial Head of Shipping for Petredec. Prior to working with Petredec, Ulrik served as Managing Director for Neu Gas Shipping…

Nakilat Posts 10.5% Surge in 9 Month's Net Profit

Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world, comprising 69 vessels, said in a press note that its positive financial performance can be primarily attributed to better operational performance in managing its liquefied natural gas (LNG) and liquefied petroleum gas (LPG)…

Ocean Yield Buys Ethylene Gas Carrier

Norwegian shipowner Ocean Yield ASA has agreed to acquire Navigator Aurora, a 37,300 cbm ethylene gas carrier owned by Navigator Gas.According to agreement, the ship will be purchased for a total consideration of USD 69.75 million net of a seller’s credit, with a 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings - Navigator Gas.The vessel is expected to be delivered to the Company during October 2019. Navigator Gas has certain options to acquire the vessel during the charter period.

Hammerfest LNG Ships 1000th LNG Cargo

Norwegian energy company Equinor reached a milestone at its Hammerfest LNG facility on Melkøya Island, “the Snøhvit plant”,  by loading the 1000th cargo of the chilled fuel.The cargo consists of 140 500 cubic metres of liquefied natural gas (LNG). Total sales value of all the LNG cargos since the field came on stream is in the range of NOK 130-150 billion. In addition, we have the value of liquefied petroleum gas (LPG) and condensate.Arctic Discoverer is the name of the tanker that will carry cargo number 1000 from the Hammerfest LNG plant.

Hyundai Samho Wins Orders for 5 Ships

South Korean shipbuilder Hyundai Samho Heavy Industries, a unit of Hyundai Heavy Industries (HHI), received orders for the construction of five vessels.According to Yonhap, the orders include two liquefied petroleum gas (LPG) carriers and three petrochemical carriers - for some 410 billion won ($337 million) combined.Hyundai Samho will build two LPG carriers with a cargo capacity of 84,000 cubic meters (2.97 million cubic feet) by November 2021 for 197.3 billion won, for  an unidentified…

File Image: Panama Canal (Credit AdobeStock / © evenfh

Panama Canal Reports Record FY 2019 Tonnage

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure, which will allow the waterway to meet the growing demand and offer a reliable and safe service to customers.

AdobeStock (Credit Carabay ©)

COSCO Tankers Disable AIS as Sanctions Bite

About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.From Sept. 30 to Oct. 7, a total of 14 COSCO Dalian ships, six of which carry some oil, stopped sending location data from their automatic identification system (AIS), ship tracking data on Refinitiv Eikon showed. The U.S. imposed the sanctions on Sept.

Photo: ACP

6,000th Neopanamax Transit at Panama Canal

The Panama Canal welcomed its 6,000th Neopanamax vessel through the Expanded Canal, underscoring the route’s ability to accommodate the highly-dynamic liquefied natural gas (LNG) segment, which first transited the waterway following the inauguration of the Expanded Canal less than three years ago.The LNG vessel Energy Liberty completed the milestone transit today travelling southbound from the Atlantic to the Pacific Ocean. Constructed in 2018, the vessel has a cargo capacity of 165…

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…

INPEX Selects NAPA for LNG Carrier Fleet

Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company for the provision of a solution for monitoring and follow-up of ship operations on two LNG carriers built to service the Ichthys project and one LNG carrier for Shell’s Prelude FLNG project.With the core motivation of accurately verifying the technical performance of these highly complex carriers…

Photo: NYK Group

VLGC for Astomos Energy Named

A naming ceremony was held in Kumamoto Prefecture at the Ariake Shipyard of Japan Marine United Corporation for a new VLGC (very large gas carrier) that NYK will charter under a long-term contract to Astomos Energy Corporation,  pre-eminent liquefied petroleum gas (LPG) company.The ship was named “Lily Promenade” by Kazuhisa Otsuka, senior operating officer of Astomos Energy Corporation, and the ceremonial rope holding the vessel in place was cut by Mariko Kurokawa of Astomos.

Photo: TNPA

Construction Kicks Off at Ngqura Liquid Bulk Terminal

Oiltanking Grindrod Calulo (Pty) Ltd (OTGC) and Transnet National Ports Authority (TNPA) has turned the first sod at the site of the Port of Ngqura’s future liquid bulk tank farm. This comes ahead of the planned decommissioning and rehabilitation of the existing liquid bulk facilities at the neighboring Port of Port Elizabeth, which will pave the way for Ngqura’s establishment as a new petroleum trading hub for Southern Africa.The new tank farm is expected to provide storage and marine infrastructure to support the overall petroleum demand projections for South Africa.