FSRU Suppliers Shift from Emerging Markets, Cut Back New Orders
Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals.But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled…
Oldendorff Inks Transhipment Deal in Vietnam
Oldendorff Carriers said it has signed an integrated coal transport and transhipment agreement for a new power station project to be built in the North of Vietnam at Nghi Son. The customer is a consortium between Marubeni Corp of Japan and Korea Electric Power Corporation (Kepco) named Nghi Son 2 Power Limited Liability Company (NS2PC).The agreement is expected to include the transportation of about 100 million metric tons of coal over 25 years. Oldendorff Carriers signed the 25-year agreement with NS2PC…
New LNG Import Terminal Planned at Port Kembla
A consortium including Japan's JERA Co and Marubeni Corp aiming to ship liquefied natural gas (LNG) to Australia's east coast has chosen a site south of Sydney at Port Kembla for an import terminal, it said on Monday.The project will allow access to a new gas supply for local industries in New South Wales state by 2020, the consortium, Australian Industrial Energy (AIE), said in a statement.AIE also includes iron ore magnate Andrew Forrest's Squadron Energy. Top global LNG buyer…
Four Japanese Companies Join Modec in Sepia FPSO Deal
Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. "MODEC, Mitsui, Mitsui O.S.K. Lines, Marubeni Corporation and Mitsui Engineering & Shipbuilding Co have agreed to jointly invest in a long-term charter business currently promoted by MODEC, for providing a FPSO in the Sepia Area, off the coast of Brazil," said a press release. These companies have entered into related agreements for the FPSO project on January 9, 2018.
Mitsui O.S.K. Lines, Marubeni, NOVATEK Sign MoU for LNG Transshipment
Mitsui O.S.K. Lines (MOL) and Marubeni Corporation signed a Memorandum of Understanding (MOU) in Moscow with PAO NOVATEK, Russia's largest independent gas production and sales company, to conduct a joint feasibility study aimed at establishing an LNG transshipment and marketing complex in the Kamchatka area. This Project will create offshore infrastructure to transship LNG cargoes from ice-breaking LNG ships to standard LNG ships. The LNG will be produced in LNG projects NOVATEK is implementing in the Arctic region. The Project will ensure flexible LNG supply to the Asia-Pacific region.
Novatek, Marubeni, Mitsui agree on LNG hub in Kamchatka
Russia's Novatek said on Tuesday it had signed a memorandum of understanding with Japan's Marubeni and Mitsui O.S.K. Lines to explore options for a liquefied natural gas complex in Russia's Kamchatka region. Novatek added that the action plan was to explore opportunities to establish an LNG transshipment and marketing complex at Kamchatka in Russia's far east. Novatek plans to launch its first LNG plant on Russia's Yamal peninsula next month, to export supercooled gas both to Europe and Asia. (Reporting by Katya Golubkova; Editing by Dmitry Solovyov)
Ports Firm YKIP Joins SEA/LNG Coalition
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has announced Yokohama-Kawasaki International Port Corporation (YKIP) as its latest member. Representing the Japanese ports of Yokohama and Kawasaki, YKIP brings essential knowledge from a port’s perspective to SEA\LNG, which is working collaboratively with key players across the entire LNG value chain. SEA\LNG and its member organizations continue to advocate for the need to collaborate…
MOL to Invest in Seajacks International
Mitsui O.S.K. Lines is investing in self-elevating platform vessel operator Seajacks International Limited (Seajacks) to move into offshore business following FPSO, FSRU, Shuttle Tanker, and Subsea Support Vessel. MOL has announced a plan to acquire a 5% share in Seajacks, which owns and operates five Self-Elevating Platform vessels, from Marubeni Corporation. This is a new offshore business for MOL, following FPSO, FSRU, shuttle tanker, and subsea support vessel. It is also the…
Uruguay LNG Terminal on Schedule
Uruguay's state-owned Gas Sayago said civil works for an LNG regasification terminal are due to begin again after five months of delays, putting back on track a $1.1 billion project for the country's first such facility. Gas Sayago, a joint venture by two state-owned companies, Ancap and UTE, informed that replacement contractors have been found for Constructora OAS, a Brazilian company that was hired to build a breakwater and wharfs for the terminal, but pulled out of the deal in February, Platts reports.
Imabari Bags Order for 11 ULCCs
Imabari Shipbuilding Co., Ltd. (Imabari), with the cooperation of Marubeni Corporation, has secured newbuilding order for eleven (11) units of 20,000TEU Ultra-Large Container Carriers, the largest type container carriers in the world as of today. These state of the art newbuilding vessels have been developed for overseas ship-owners, fully adopting eco-friendly feature and most advanced energy efficiency technology. She has dimensions of about 400m in length with about 59m breadth. The first vessel is scheduled to be completed in early 2018.
Fukushima Experimental Offshore Floating Wind Farm Project Progresses
A consortium made up of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi, Furukawa Electric, Shimizu, and Mizuho Information & Research has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry since March 2012. At present, the construction of the three-column semi-sub as part of the second phase has been successfully completed.
Seajacks Orders Giant Wind Farm Installation Vessel
Seajacks International contract Samsung Heavy Industries to build what they claim to be the world’s largest and most advanced offshore wind farm installation vessel. The vessel has been specifically designed to meet the demands associated with working UK Round 3, Scottish territorial waters and the other North West European markets. Seajacks also has options for the construction of an additional two units. The new construction vessel will be delivered in the second half of 2015.
Polarled Extreme Depth Pipeline Contract
The Polarled-pipeline will export gas from Statoil's Aasta Hansteen field in the Norwegian Sea to the Nyhamna gas plant. Statoil has awarded Marubeni Itochu/JFE the fabrication contract for linepipe to the Polarled project, while Wasco has been awarded the coating contract, and Allseas the pipe-laying contract. The coating contract includes the establishment of a new production base in Mo i Rana, Northern Norway. "The Norwegian Sea is an exciting area on the Norwegian continental shelf. Polarled underpins this.
RINA celebrates ties with China
International certification, verification and ship classification company RINA is celebrating its ties with China on its 150th anniversary. It also took the opportunity to celebrate the ties between Italy and China on the 150th anniversary of Italian Unification. Formed in Genoa, Italy, in 1861 as a ship classification society, RINA is today a global multi-disciplinary and multi-cultural company with growing business in China and the surrounding region. Today in Shanghai RINA CEO Ugo Salerno and Vincenzo De Luca…