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Monday, May 20, 2019

Natural Gas News

Pic: PAO Sovcomflot

Russia: Sovcomflot Posts Strong Q1 Profit

Russian maritime shipping company specializing in petroleum and LNG shipping, PAO Sovcomflot (SCF Group) has posted $70.1m in profit for the first quarter ended 31 March 2019.Sergey Frank, President and CEO of PAO Sovcomflot said: “Sovcomflot started 2019 with a strong Q1 performance, boosted by a return to profitability in our conventional crude and product tanker markets following an upswing in the first months of 2019. Profits from our crude fleet in particular increased 53…

Front row, fifth from left, Satoshi Onoda, president of JERA; seventh, Seiji Izumisawa, president and CEO of Mitsubishi Heavy Industries; fourth, Tadaaki Naito, NYK president. (Photo: NYK Group)

Naming Ceremony for New LNG Carrier

On May 14, a naming ceremony was held at the Nagasaki shipyard of Mitsubishi Heavy Industries Ltd. for a new liquefied natural gas (LNG) carrier that NYK and JERA Co. will jointly own. The ceremony was attended by Satoshi Onoda, president of JERA Co. Inc.; Tadaaki Naito, president of NYK; and a number of related parties.At the ceremony, the ship was named “Bushu Maru” by Mr. Onoda, and the ceremonial rope holding the vessel in place was cut by his wife. The ship derives its name from Musashi province…

"Cummins plans to be a leader in electrified power and we believe this business segment will provide the innovation and focus to ensure future success" Eddie Brown, Cummins Marine. Photo: Cummins Marine

Interview: Edmonds Brown, Cummins, Inc.

The May 2019 edition of Maritime Reporter & Engineering News features a eight-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Edmonds Brown, Cummins, Inc., Commercial Marine Segment Leader.Please put in perspective and discuss the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry, my primary focus was working to achieve certification of Cummins’ marine engines for U.S.

China's Tariffs on U.S. LNG Mean Nothing, Everything

China's decision to hike import duties on U.S. liquefied natural gas (LNG) is a move that means very little for the market in the short term, but it has the potential to deliver outsized consequences the longer the levies remain in place.As part of its latest round of retaliatory tariffs on U.S. imports, Beijing increased the duty on LNG shipments from 10 percent to 25 percent.This will make it even more uneconomic for Chinese buyers to purchase LNG cargoes from the United States.

The next big thing on fuels is LNG. We are a long way from identifying a fuel which offers the same viability, in terms of infrastructure, beyond LNG at the moment. LNG is the necessary bridge which is getting us closer to a carbon neutral future.

Interview: Rolf Stiefel, Winterthur G&D

The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Rolf Stiefel, Vice President Sales, Winterthur Gas & Diesel Ltd., in its entirety.Please put in perspective and discuss – using your career as the time span – the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry (coming from the power generation markets) back in the early 2000’s…

Qatargas’ Al Safliya Transiting the Expanded Canal on May 12 (Photo: ACP)

Q-Flex LNG Tanker Transits Panama Canal

Qatargas’ Al Safliya recently transited the Panama Canal, the first Q-Flex and the largest liquefied natural gas (LNG) tanker to ever transit the waterway.The tanker–which measures 315 meters in length and 50 meters in beam with an overall cargo capacity of 210,000 cu. m. of LNG, transited northbound from the Pacific to the Atlantic Ocean.Q-Flex LNG tankers can now pass through the Panama Canal following an increase in the maximum allowable beam for vessels transiting the Neopanamax locks.

File Image / CREDIT: Hapag Lloyd

Hapag Lloyd: Calm Passage Despite Trade War

Hapag-Lloyd is optimistic about the year ahead, despite global trade tensions, the German container shipping company's chief executive said on Thursday after a first quarter earnings rise."Despite all the uncertainty, we see a somewhat stable development," Rolf Habben Jansen told Reuters, adding that trade wars have so far had a limited effect on Hapag Lloyd's business.U.S. President Donald Trump said on Wednesday that China had broken the terms of a trade deal, adding he would…

Ever large merchant vessels, including this large containership, are now transiting the Panama Canal on a regular basis. Image: CH2M

Ever Larger LNG Tankers Head for Panama Canal

A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas to Asia trade route for the fast-growing commodity.The 'Al Safliyah', which can carry about 210,000 cubic metres of LNG, is on its way to Panama from the North Pacific after discharging a cargo from Qatar into Korea Gas Corp's (KOGAS) Tongyeong terminal on April 21, shipping data in Refinitiv Eikon showed."This is the first Q-Flex to transit the Panama Canal…

Senator Cassidy: No Jones Act Waiver

A Republican U.S. senator on Wednesday said President Donald Trump will not waive rules requiring that only U.S.-flagged ships move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Republican senators said the administration was seriously considering waiving the requirements for 10 years. Bloomberg News reported last week that Trump was leaning in favor of some kind of waiver.Senator Bill Cassidy…

Jonathan Zier (Photo: Crowley)

Zier Joins Crowley Offshore Services

Crowley Maritime Corp. has appointed Jonathan Zier manager of business development in Houston.Zier will assist customers globally with marine transportation projects such as sealifts and beach-landings, as well as offshore and coastal towing and installation of rigs, spars and other structures. He will also be responsible for providing solutions for alternative energy projects such as liquefied natural gas (LNG) terminals, offshore wind power generation, and other projects requiring offshore or coastal equipment and expertise.Zier will report to Johan Sperling…

The El Coqui, a U.S. flag ConRo carrier, recently built specifically for the Jones Act Caribbean trades and powered by environmentally friendly LNG. CREDIT: Crowley Maritime

Trump to Meet with GOP Senators on Jones Act

President Donald Trump is set to meet with Republican senators on Wednesday over a proposal to waive rules that only U.S.-flagged ships can move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Bloomberg News reported last week the administration was seriously considering waiving the requirements for some energy shipments and that Trump…

AIDAnova becomes the world’s first LNG powered cruise ship to call on the Port of Barcelona and the first to be fueled with LNG in the Mediterranean. Photo: Carnival Corporation

First LNG Cruise Ship Docks at Barcelona

Carnival Corporation’s AIDAnova, operated by its Germany-based AIDA Cruises brand, has become the first LNG fueled cruise to visit Barcelona, Spain - and the first to be fueled with LNG in the Mediterranean.Upon arrival in Europe's biggest cruise port, AIDAnova – the newest vessel from AIDA Cruises, Germany's leader in cruising – was fueled for the first time in the Mediterranean with LNG, the world's cleanest burning fossil fuel.Currently, alongside Palma de Mallorca, Barcelona…

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…

File Image: Cheniere's Sabine Pass, Texas LNG Facility. (CREDIT: Cheniere)

Gail Offers 10 U.S. LNG Cargoes

Gail India on Wednesday offered 10 cargoes of liquefied natural gas (LNG) loading in the United States, three trade sources said.The cargoes are offered for loading between June 2019 and March 2020 on a free-on-board basis, meaning buyers will have to arrange shipping.The Indian importer has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG, split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass site.The tender closes on April 29.Reporting by Ekaterina Kravtsova and Sabina Sawadzki

(From left) Captain Saadon Shukor, General Manager Marine Services Department, Johor Port Berhad, Shahrull Allam Shah Abdul Halim, CEO of Johor Port Berhad, Ezhar Yazid Jaafar, CEO of Petronas LNG Limited Sdn Bhd and Mohd Hanafi Jamal, General Manager, Fleet Management Department PETRONAS LNG Sdn Bhd, at the signing ceremony. Photo: Johor Port

Johor Port, Petronas LNG Sign Services Pact

Johor Port Berhad has signed an agreement with Petronas LNG Ltd. to provide marine services for vessels that receive gassing up and cooling down (GUCD) services at PLL’s Regasification Terminal Pengerang.According to a press release from integrated multi-purpose port facility located at the southern tip of Peninsular Malaysia, the signing of the Marine Services Agreement by Johor Port Bhd and PPL enables the provisioning of marine services and attractive tariff for vessels that…

Pic: Qatar Gas Transport Company (Nakilat)

Nakilat Reports 9% Profit Jump in Q1

Qatar Gas Transport Company (Nakilat), a shipping and maritime company with the world's largest LNG shipping fleet, reported a 9 percent increase in profit for the first quarter of this year ended March 31, 2019.Nakilat reported a net profit of 236 million Qatari Riyals ($64.8 million) which compares to 217 million Qatari Riyals reported in the corresponding quarter in 2018."This increase was mainly due to the acquisitions of two Liquefied Natural Gas (LNG) carriers and one Floating Storage Regasification Unit (FSRU) in 2018, and higher volume of projects at Nakilat’s ship repair facility.

Photo: Nauticor

Nauticor Supplies LNG via STS

On April 15th, 2019, a large bunker supply vessel (BSV) for liquefied natural gas (LNG) “Kairos” provided LNG in a ship-to-ship bunker operation to a product tanker. “Fure Valö”, a vessel of the tanker pool managed by the Gothia Tanker Alliance, received LNG at the anchorage area of Sandhamn, near the Swedish capital of Stockholm. The bunker operation was the first offshore ship-to-ship operation that was conducted by the 117 meter long BSV.The bunker operation was conducted under an agreement for the supply of LNG…

cheneire's Sabine Pass Terminal. CREDIT: Cheneire

U.S. LNG Shipments Fall to Six-Month Nadir

U.S. shipments of liquefied natural gas are expected to fall to their lowest level in six months in April, after a leading U.S. supplier shut units for maintenance at a time when a glut of supply has driven some worldwide prices to near three-year lows.Based on exports through April 10, the United States is on track to sell roughly 91.5 billion cubic feet per day (bcfd) of natural gas as LNG, which would be the lowest since October. That compares with an estimated record 139.8 bcfd shipped in March…

Image: Burckhardt Compression

Burckhardt Supplies Laby Compressors for LNG Vessel

Swiss firm specialising in reciprocating compressors, Burckhardt Compression AG is outfitting a 30,000 m3 LNG carrier operated by Knutsen OAS Shipping AS with Laby compressors.The Laby compressors will be delivered to Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wärtsilä Oil & Gas Solutions and will supply the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off gas as fuel.The X-DF engine, a two-stroke engine from Winterthur Gas & Diesel…

Photo: NYK

NYK Fixes Newbuild LNG Carrier with Edison

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed a contract with Edison SPA, a Milan-based energy company, to charter out a newly built liquefied natural gas (LNG) carrier for up to 20 years, including optional extension periods.The vessel is scheduled for delivery in 2022 from Hyundai Samho Heavy Industries Co. Ltd. The newly built LNG carrier will be propelled by WinGD-manufactured, dual-fuel slow-speed diesel engines.Dual-fuel slow-speed…

Russia: New Port of Sabetta LNG Terminal

Russian President Vladimir Putin ordered an allocation of budget funds in 2021-2022 for the construction of the Utrenny liquefied natural gas (LNG) terminal in the Russian port of Sabetta on the Northern Sea route, the Kremlin said on its website.The budget money will also be used to reconstruct a navigable channel in the Gulf of Ob in the Kara Sea.The Utrennee gas field is developed by Russian gas giant Novatek and serves as a resource base for the Arctic LNG-2 project. (Reuters, Reporting by Andrey Kuzmin Writing by Polina Nikolskaya Editing by Andrey Kuzmin and Emelia Sithole-Matarise)

file Image: CREDIT CMA CGM

CMA CGM Orders 10 Boxships from China

CMA CGM chairman and CEO Rodolphe Saadé has signed two strategic partnerships with Lei Fanpei, chairman of the China State Shipbuilding Corporation (CSSC), including an order of 10 containership newbuilds, as well as an agreement to jointly develop more efficient and environmentally-friendly vessels.The deals were signed Monday in the presence of French President Emmanuel Macron and Chinese President Xi Jinping, on the occasion of the latter’s State visit to France.The 10 new Chinese-built 15,000-TEU (Twenty-foot Equivalent Units) vessels will each measure 366 meters long.

Lena River. Pic: Dynagas LNG Partners

Dynagas Vessel Employment Almost Full

Monaco-headquarters Dynagas LNG Partners said that it had estimated contracted time charter coverage for 98% of its fleet estimated available days for 2019, 100% of its fleet estimated Available Days for 2020 and 92% of its fleet estimated Available Days for 2021.As of March 21, 2019, the Partnership’s contracted revenue backlog estimate  was $1.38 billion, with an average remaining contract term of 9.5 years, the Liquefied Natural Gas (LNG) maritime transportation company said.

Photo Credits: Nauticor

LNG Bunkering: World's Largest Starts Ops

On March 15, 2019, the world’s largest bunker supply vessel (BSV) for liquefied natural gas (LNG) Kairos conducted the first LNG bunker supply operation for the newbuild ferry MS Visborg at the ferry pier of the port of Visby.The bunker operation puts into practice the contract for the supply of LNG, which was signed by Nauticor, a leading supplier of LNG as marine fuel, and Destination Gotland, the owner and operator of the new ferry, in December 2017 and enables the ferry to…

Adam Goldstein (Photo: CLIA)

Global Cruise Industry Out in Front on Sustainability

The Cruise Lines International Association (CLIA) has underscored the global cruise industry’s commitment to sustainability work in keynote speeches delivered by CLIA Chair Adam Goldstein to The Economist’s 2019 World Ocean Summit in Abu Dhabi, and in Berlin at ITB, a leading travel trade show.In his remarks, Goldstein highlighted the importance marrying growth opportunities with sustainability: “The water around and below us, the air above us, the communities around us, the people who work for us…

Matson, Inc. and Philly Shipyard, Inc. (PSI) christened the second of two Aloha Class containerships built for Matson in a ceremony at Philly Shipyard on Saturday, March 9.  Photo: Matson & Philly Shipyard

Matson Christens 'Kaimana Hila'

Largest Containership Built in U.S. Will Serve HawaiiMatson, Inc. and Philly Shipyard, Inc. (PSI) christened the second of two Aloha Class containerships built for Matson in a ceremony at Philly Shipyard on Saturday, March 9. Dubbed Kaimana Hila, it is the sister ship to Daniel K. Inouye, which entered service in November of 2018. "Kaimana Hila" is a Hawaiian transliteration for "Diamond Head," the name of Hawaii's iconic landmark crater near Waikiki Beach. The ships cost $418 million for the pair…