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Tuesday, July 16, 2019

Natural Gas News

Photo courtesy of ABS

ABS, MOL in Landmark Gas Carrier Pact

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.ABS will provide plan review, survey, inspection and other classification services for vessels, machinery and equipment as well as assist with managing the requirements for foreign flag carriers calling at U.S.

Photo: Nakilat

Nakilat Profits Rise 7%

Nakilat said for the first half of the year ended June 30, 2019 that it achieved a net profit of $130 million compared to $122 million during the same period in 2018, an increase of 7%.Nakilat’s financial performance is driven by the acquisition of two additional Liquefied Natural Gas (LNG) carriers and one Floating Storage Regasification Unit (FSRU) in 2018 is among the main attributes to the positive financial results, as well as the increased volume of projects at Nakilat’s…

Image credit: Containerships

Containerships in first SIMOPS boxship bunkering

Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving Containerships’ operational efficiency and highlighting the Group’s leading role in the energy transition of the shipping industryOn July 4th, 2019, Containerships successfully carried out SIMOPS bunkering on its LNG-powered CONTAINERSHIPS NORD vessel in the Port of Rotterdam.

image credit: COSTA

Costa Cruise Unveils First LNG Cruise Ship

Costa Smeralda will enter service in October 2019 and will be the first Costa ship fuelled by LNG, the "cleanest" fossil fuel in the world.Featuring over 2,600 staterooms, the upcoming Costa flagship will take its guests on a veritable “tour of Italy,” with lots of areas devoted to fun, flavours and festivity.Costa Cruises, the Italian brand of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest leisure travel company and cruise operator, will be awaiting the arrival of Costa Smeralda in October 2019…

Image of LNG Plant: Novatek

Mitsui, JOGMEC join Arctic LNG-2

Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company, Japan Arctic LNG B.V., in which Mitsui has invested jointly with JOGMEC. The equity ratio of JOGMEC and Mitsui will be set at 75 percent and 25 percent respectively.The project will develop natural…

Pic: MOL

MOL Works on Environmental Agenda

Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."Shpping companies are responsible for undertaking the marine transportation vital to the infrastructure underpinning people's daily lives worldwide," it said.MOL established a policy to equip its vessels with ballast water treatment systems in fiscal year 2014, ahead of the issuance of the Ballast Water Management Convention in September 2017.As of April 2019…

Patrick Collins (Photo: Crowley)

Crowley Promotes Two Supply Chain Leaders

Crowley Logistics has promoted two of its veteran leaders, Sal Menoyo and Patrick Collins, to continue advancing the efficiency and growth of its integrated supply chain services in the U.S., Puerto Rico and Caribbean islands.Menoyo has been named vice president, Caribbean logistics, responsible for the strategic direction of sales, marketing, and administration of its logistics and ocean transportation services throughout Crowley’s footprint in Puerto Rico, the Dominican Republic…

3D rendering of the Water-Go-Round. Photo credit Incat Crowther

IMO 2020: Hydrogen's Future in Maritime

Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL Annex VI regulations and limit the sulfur content of ships from 01 January 2020 to 0.5 percent world-wide, many ship owners are starting to consider hydrogen fuel cell technology to satisfy evolving emissions regulations. To date, hundreds of millions of dollars have been spent on research programs to utilize hydrogen fuel cells for transportation.

File Image: CREDIT AdobeStock / © 14KT gold

Storm Approaching: Firms Fear IMO's 2020 Rules

U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.The tougher regulations, set by the United Nations shipping agency, the International Maritime Organization (IMO), come into force on Jan 1. Costs will rise for ships towards the end of this year and there will be a knock on effect for trucks and other transporters…

Photo: Containerships

Containerships Introduces Second LNG-Powered Ship

Containerships, an expert in Intra-Europe and a subsidiary of the CMA CGM Group, a leader in shipping and logistics, has announced it took delivery of its second container ship powered by liquefied natural gas (LNG), the Containerships Polar.As the second LNG-powered ship for Containerships and the CMA CGM Group, the Containerships Polar will be phased into the redesigned BALT 2 service in the Port of Rotterdam on June 23rd, 2019. At the beginning of May, the 1,380-TEU vessel…

File Image: A typical DP World-operated marine facility (CREDIT DP World)

DP World Mulls Port Deals Along Russia's Northern Route

DP World, one of the world's largest port operators, wants to run ports that Russia plans to build along the northern sea route in the Arctic to shorten shipping times between the east and west, its chief executive told Reuters.Russian President Vladimir Putin has made developing the northern sea route (NSR) - which requires new ports and heavy icebreakers to move goods - one of his priorities, with supporters dubbing the route the northern Suez Canal.Dubai government-controlled DP World operates 78 marine and inland terminals…

Pic: Golar LNG

GasLog Withdraws from Golar 'Cool Pool'

The owner and operator of liquefied natural gas (LNG) carriers GasLog and spin-off GasLog Partners are withdrawing their LNG carriers from their pooling joint venture with Golar LNG.The Cool Pool was launched in September 2015 with 14 tri-fuel diesel engine (TFDE) LNG carriers contributed by three owners: three ships from Dynagas Ltd, three from GasLog Ltd  and eight from Golar LNG Ltd.Golar LNG Limited announced in a press release that due to the potential spin-off of its TFDE fleet into a new pure-play LNG shipping entity, GasLog has decided to withdraw its six vessels from the Cool Pool.

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…

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…

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…

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…

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.

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…

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.

"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.

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…

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…

Pic: Golar LNG

Golar Spins Off TFDE LNG Biz

Liquefied natural gas (LNG) shipper Golar announced that it has decided to proceed with a spin-off of its Tri-Fuel Diesel Electric (TFDE) LNG carrier business as well as to focus its activities primarily on floating liquefied natural gas (FLNG) and downstream assets.According to a stock exchange announcement, this will allow LNG shipping investors more direct exposure to the LNG shipping market and reposition Golar's core business toward LNG infrastructure on long-term contracts.Golar…

Image: Portsmouth International Port

Brittany Ferries Extends Contract with Portsmouth

U.K.'s Portsmouth International Port's relationship with major European ferry operator, Brittany Ferries, has been strengthened following the announcement of an additional five years to a joint long-term agreement.This means Brittany Ferries is committed to Portsmouth until the end of 2031, during which time a further three ships will join the current fleet serving routes from the city. Alongside the Honfleur, Brittany Ferries' state-of-the-art environmentally friendly ship powered by Liquid Natural Gas (LNG)…

Photographer: Bo Håkansson, Bilduppdraget

Gothenburg Port Strengthens Biogas Bunkering

Bunkering liquefied biogas (LBG) at the Port of Gothenburg will become easier for the shipping sector with a new agreement signed between FordonsGas and Swedegas."The new agreement between FordonsGas and Swedegas will ensure access to this renewable fuel, a move that has been sought by both shipping companies and their customers," said a press release.Shipping needs to make the transition from oil to environmentally smart alternatives. Liquefied natural gas, LNG, is currently the cleanest marine fuel available due to lower emissions of carbon dioxide…

Pic: CMA CGM

CMA CGM Group Cut Emission by 17%

Since 2015, CO2 emissions per container transported per kilometer have been reduced by 17%, said CMA CGM Group, the shipping and logistics giant."The Group has achieved a 50% reduction in CO2 emissions per container transported per kilometer between 2005 and 2015. It has achieved a further 17% reduction between 2015 and 2018, in line with its 2025 objective of -30%," said the French container transportation and shipping company in a press release.Testimony to its ambition for the energy transition of the maritime industry…