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Tuesday, March 2, 2021

Natural Gas News

(Photo: CMA CGM)

CMA CGM to Expand LNG-powered Fleet to Transpacific Route

Container shipping line CMA CGM is to expand its fleet of natural gas-powered vessels to cover the busy trans-Pacific route between China and the United States as part of a push to use the fuel to reduce pollution, the group said on Thursday.CMA CGM will deploy by next year six chartered ships with a capacity of 15,000 20-foot equivalent units (TEU) each on its China-Los Angeles service, representing the largest liquefied natural gas (LNG) fueled vessels to call in the United States, it said in a statement.The deployment will bring to 32 the number of LNG-powered ships in CMA CGM’s fleet and a

(Photo: Cheniere)

Cheniere Expects Rising LNG Demand with Vaccine Rollout

Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast, predicting higher demand for the fuel as COVID-19 vaccinations boost economic recovery.Lockdown measures implemented to curb the pandemic slashed demand for energy and hurt prices for natural gas in 2020. But with economic recovery in Asia, particularly in China, fuel sales have picked up.Shares rose 1% to $70.37 in midday trading, a more than two-year…

Illustration only - Credit:wifesun/AdobeStock

Cold Snap Shuts Houston Ship Channel

A deep freeze that hit Texas over the weekend wrought more havoc on the U.S. energy sector on Tuesday, curbing output in the largest U.S. oil field, knocking out a fifth of the nation's refining capacity, and shutting a key shipping channel in Houston.Historic cold has knocked out roughly 4 million barrels per day of refining capacity, more than one-fifth of national capacity, according to Reuters calculations. About 500,000 to 1.2 million bpd of crude production has also been affected…

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Seaspan Orders 10 Dual-fuel LNG Containerships

Seaspan Corporation announced Friday that it has entered into an agreement to order up to 10 dual-fuel liquefied natural gas (LNG) containerships from South Korean shipbuilder Samsung Heavy Industries.Seaspan, a wholly owned subsidiary of Atlas Corp., said the deal is for five ultra-modern 15,000 TEU newbuilds, with an option for an additional five. The containerships are scheduled for delivery from first half of 2023 onward, and upon completion will enter 12-year charters with Israel-based shipping company ZIM for its Asia - US East Coast trade."This is a milestone agreement for ZIM…

Yara Marine Technologies relaunch cold ironing to their green tech portfolio, partnering with NG3. (Photo: NG3)

Yara Marine Technologies Revisits Shore Power

While the EU parliament call for an emissions ban at berth, Yara Marine Technologies announced a partnership with NG3 signaling the return of cold ironing to its green tech portfolio."We used to do shore power projects on ships some years ago, but the market was too slow. Now however, with new regulation and grants supporting shipowner’s shore power investments, we are back in the business of shore power," said Aleksander Askeland CSO at Yara Marine Technologies. "Together with…

(Photo: Hapag-Lloyd)

Hapag-Lloyd Secures 'Green Financing' for LNG-powered Newbuilds

German shipping company Hapag-Lloyd has joined the shift to green financing, securing funds for six liquefied natural gas (LNG) powered, 23,500 TEU containerships it ordered in December 2020.The firm said it concluded two transactions according to the Green Loan Principles of the Loan Market Association (LMA), as verified by independent secondary party DNV GL, as the shipping industry increasingly turns toward financing linked to measurable sustainability targets."Our first green financings are a major milestone for us…

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Gunvor Founder Raises Stake, Expands Board

Trading house Gunvor's founder Torbjorn Tornqvist has increased his stake in the firm after a bumper profit year as he bought out some leaving partners and expanded the board to bring in a new generation of managers.The company said Tornqvist, Gunvor's chairman, had raised his stake to 86.9% as of Dec 31, 2020, from 80.01% as of Dec 31, 2019."It is a standard annual fluctuation based on staff turnover," a Gunvor spokesman said. The remaining shares are held by Gunvor employees.Trading houses in 2020 benefited from energy market volatility.

Baleària Bunkering multi truck to ship Puerto València. Photo: Valenciaport

Valenciaport to the Fore in Spain's LNG Bunkering Ops

Valenciaport is at the forefront in Spain in the supply of LNG (Liquefied Natural Gas) by the shipping company Baleària. Specifically, in 2020, the Dénia-based company carried out a total of 291 natural gas supply operations, reaching 26,777 cu. m., in the Port of Valencia, which represents 40% of the bunkering operations carried out by the company in Spain. The Port Authority of Valencia (PAV) and Baleària have been collaborating for years in the introduction of LNG and the improvement of supply services to ships with this fuel with the implementation of the Multi Truck to Ship System (MTTS).

Igor Tonkovidov, President and CEO of PAO Sovcomflot at the signing. Photo courtesy Sovcomflot.

Sovcomflot, Total Ink Timecharter Deal on LNG Transport

PAO Sovcomflot (SCF Group) and Total have concluded a time charter agreement for up to seven years for a newbuild 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier, scheduled to be delivered Q3 2023 and to be owned and operated by SCF, with options for up to two additional vessels.The new vessel will be the latest in a series of SCF’s new-generation conventional Atlanticmax LNG carriers, with three sister ships already in operation: SCF La Perouse, SCF Barents and SCF Timmerman.The vessel will be fitted with an X-DF propulsion system…

On January 15, 2021, PAO Sovcomflot (SCF Group) took delivery of SCF Timmerman, a new 174,000-cbm LNG carrier built by Hyundai Samho Heavy Industries. Photo credit Sovcomflot

New LNG Carrier Delivered to Sovcomflot

Russian shipping company PAO Sovcomflot (SCF Group) on Friday took delivery of SCF Timmerman, a new 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier. The ship embarked on its maiden commercial voyage the same day, and is operated under a long-term time charter agreement with Shell, which will provide SCF with an additional $165 million of contract backlog.The ship is named after Frans Timmerman, a 17th-century Dutch merchant who served as a shipbuilding mentor to the Russian emperor Peter the Great and played an important role in creating the Russian seaborne fleet.

(File photo: Panama Canal Authority)

LNG Carrier Bottleneck at Panama Canal Could Last Until March

Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal's regulator said it had made changes to speed up transit.The price of liquefied natural gas (LNG) and shipping rates have hit record highs because of the bottleneck, supply constraints and heavy demand from Asia, where freezing weather has placed the energy supply system under strain.Ships carrying LNG from the United States to meet the Asian demand waited for up to two weeks in December to navigate the canal.

 Lars Liebig, Managing Director, Uniper Energy Dubai (UED)

Shipowners’ Low Carbon Fuel Options Gain Speed

In the next decade, we’ll see more accelerated change in shipping fuels than we’ve seen in the last century. What does this heightened diversity mean for shipowners? They must be nimbler than ever – a shift that requires work. It means greening supply chains, bolstering energy efficiency, nurturing more partnerships, streamlining costs, and becoming adept at green finance (frequent change can be expensive to start with). All will help shipowners’ fuel portfolios adapt to the inevitable…

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China's Ban on Australian Coal Forces Trade Flows to Realign

China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal, used mainly in power plants, while Australia is the biggest shipper of coking coal, used to make steel, and the number two in thermal coal.China is the world's biggest coal importer, while India ranks second.China's major coal supplier was Australia…

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Crowley Forms 'New Energy' Division to Focus on Offshore Wind, LNG

Crowley Shipping announced Wednesday it has formed a New Energy division to focus on offshore wind and liquefied natural gas (LNG) services in the U.S. and adjacent regions.The Jacksonville, Fla.-based maritime transportation and services firm, a longtime supporter of the oil and gas industry, said many of its U.S.-flag vessel assets, engineering and logistics services could quickly and easily pivot to support the emerging energy sectors.“At Crowley, we have a strong company culture of environmental stewardship and sustainability in not only our own operations…

(Photo: Bay Diesel)

Bay Diesel Announces Leadership Change

For the first time since its inception in 1982, Bay Diesel has a new president. As voted by their Board of Directors in October 2020, the Senior VP of Sales Willard “Rob” Robins has taken on the role of President, with Scott Wheeler, founder and current president, transferring to a new position as the Chief Executive Officer.This transition has been 17 years in the making. Rob Robins joined Bay Diesel in July of 2003 as a Sales Engineer, having graduated with a Mechanical Engineering degree in 1994 from UVA. Now, he is a certified instructor through the Milwaukee School of Engineering.

Illustration - Credit:  Eric Middelkoop/AdobeStock

Jiasheng Gas to Build $380M LNG Terminal in Jiangsu, China

China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said.The little-known firm is among a group of companies outside the dominant state oil and gas giants that are expected to lead new investment in LNG import terminals over the next decade as China opens up the sector to more private participation.The first phase of the project, to be built at Jiangyin port in Jian

Credit: dudlajzov/AdobeStock

European Commission to Co-Finance Port of Algeciras LNG-Bunkering Vessel

The European Commission will co-finance the construction of the first vessel to be fully dedicated to liquefied natural gas (LNG) bunkering at the Port of Algeciras, Spain.The grant agreement was signed with Enagás and the Port Authority of Algeciras Bay on Tuesday.Enagás said the project is "boosted" by the Enagás start-up that specializes in small-scale LNG supply infrastructure, Scale Gas, and the Port Authority of Algeciras Bay (APBA).The initiative, coordinated by Enagás…

Matsonia (pictured) and sister ship Lurline are the largest vessels of their kind ever built in the U.S. (Photo: Matson)

Matson Takes Delivery of New Con-ro Matsonia

Matson has taken delivery of Matsonia, the second of two new Kanaloa Class combination container / roll-on, roll-off (con-ro) ships built for the U.S. carrier at General Dynamics NASSCO's San Diego shipyard. Weighing in at over 50,000 metric tons, Matsonia and Lurline are each 870 feet long, with 114 feet beam and a deep draft of 38 feet. The sister ships have an enclosed garage with room for approximately 500 vehicles, plus ample space for rolling stock and breakbulk cargo. Lurline…

(Photo: CMA CGM)

CMA CGM Ramps Up Asia-Europe Capacity Amid 'Unprecedented Demand'

One of the world's top container shipping companies said it is ramping up its capacity between Asia and Europe in response to unprecedented demand.The French-based CMA CGM Group said Monday it has accelerated the redeployment of its capacity, increasing tonnage assigned to lines between Asia and Europe by 6% for the fourth quarter of 2020 compared to the same period of 2019. It will also make further additions in the first quarter of 2021, when capacity will be 10% higher than in the current quarter.The Asia-Europe trade will be serviced by CMA CGM's new class of nine 9 23…

© Mike Mareen / Adobe Stock

US Axes Environmental Reviews of LNG Marine Transport

The U.S. Department of Energy on Thursday issued a rule to exclude environmental reviews for marine transport of liquefied natural gas (LNG), as the Trump administration unleashes last minute rules supporting the fossil fuel industry.The rule, which the Energy Department issued in a pre-publication notice in the Federal Register, frees LNG transport license applications from including environmental reviews that have been required under a bedrock environmental law, the National…

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Bunkers In Rotterdam

The world’s largest containership powered by liquefied natural gas (LNG) began its first gas bunkering operation in Rotterdam on Thursday, French shipping company the CMA CGM Group said.The CMA CGM Jacques Saadé, which has an 18,600 cubic meter tank, will be refueled with LNG while port handling operations are underway, marking the largest LNG bunkering operation ever undertaken for a containership.Once bunkering is complete, CMA CGM’s flagship will continue its maiden voyage…

(Photo: CMA CGM)

CMA CGM to Expand LNG-powered Fleet to 26 Ships

Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts to reduce pollution in ocean shipping.After announcing three years ago that it would adopt LNG, French-based CMA CGM has made several orders for gas-powered ships and now plans to have 26 such vessels in service by 2022, it said in a statement.Seven of the vessels are already in service, including the giant Jacques Saade, named after the family group's founder and which was refueling in Rotterdam on Thursday after its maiden voyage from China…

LNG Bunkering Barge currently under construction at Fincantieri Bay Shipbuilding. Image: MacGregor/Fincantieri Bay Shipbuilding

MacGregor Inks Deal to Supply LNG Bunker Barge Hose Handling Cranes

MacGregor received an order from Fincantieri Bay Shipbuilding to supply two fixed boom cranes that will handle the hoses on a new 5,400 cubic meter capacity liquefied natural gas (LNG) bunker barge currently under construction and estimated to be delivered by the end of 2021.The MacGregor Rapp HP63-13F cranes will handle the hoses that transfer LNG from the barge to the LNG-powered vessel during bunkering operations. The hoses will be 63 feet long and designed to handle 6,500 pounds at 42 feet and 1…

© Maksym Dragunov / Adobe Stock

Four New Dual-fuel Bulkers to Support U-Ming Charter Deal

U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, secured a 10-year liquefied natural gas (LNG) dual-fuel dry bulk charter contract with global mining company Anglo American.A fleet of four LNG dual-fuel Tier III 190,000 DWT bulk carriers measuring 299 by 47.5 meters each will be built by Shanghai Waigaoqiao Shipbuilding (SWS) to support the charter. The new ships are expected to be delivered through 2023.The ships will be fitted with MAN Energy Solutions’ high-pressure ME-GI engines.

Synergy Group, one of the world’s leading ship managers, has successfully converted an LNG carrier into a Floating Storage Unit. Pictured: The FSU at Sembcorp Marine’s Admiralty Yard in Singapore. Photo: Synergy Group

LNG to FSU Conversion Completed at Sembcorp

Ship managers Synergy Group converted a 1992-built, 126,000 cubic meters capacity Liquefied Natural Gas (LNG) carrier into a Floating Storage Unit (FSU). The conversion was performed at Sembcorp Marine’s Admiralty Yard in Singapore.Synergy will manage, maintain and operate the FSU, which has a projected lifespan of 15 years. It will be deployed in Myanmar where it will be manned by a Synergy crew of 25 seafarers.The FSU will be moored permanently and used to receive and store…

(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.