LNG carriers

ABS specifies requirements for “LNG cargo ready” vessels

ABS issued guidance specifying their requirements for obtaining the class notation “LNG Cargo Ready”, to be applied to liquefied gas carriers as Ethane or Ethylene carriers, that have been designed and constructed for possible future carriage of LNG cargo. 

Six carriers deployed to Yamal LNG no longer subject to US sanctions

Six ARC7 LNG carriers transporting gas from the Yamal LNG project, under a joint venture of Teekay LNG with China LNG, are no longer classified as a “Blocked Person” under US OFAC rules, according to an official statement by Bermudas-based Teekay Corporation. 

Dynagas LNG Partners secures $675 million loan

LNG carrier operator Dynagas LNG Partners announced it has secured a $675 million syndicated loan from leading international banks. The loan will be secured by, among other things, first priority mortgages on the six LNG carriers in the partnership’s fleet.

ABS, Samsung Heavy join forces on next generation LNG carrier

ABS and South Korean shipbuilder Samsung Heavy Industries (SHI) signed on a joint development project to collaborate on a next generation LNG carrier with advanced air lubrication and smart capabilities. The agreement was signed on 17 September.

Sovcomflot, NYK Line ink on financing for two LNG carriers

Joint venture companies belonging to Russian energy shipping company Sovcomflot and Japanese NYK Line have signed a new USD 176 million non-recourse credit facility for eight years with three international banks, to be used for refinancing two ice-class LNG carriers servicing the Sakhalin-2 project. 

BW LNG conducts naming ceremony for two LNG carriers

BW LNG shipping company, part of BW Group, conducted a naming ceremony for two of its new LNG carriers on September 7. The two vessels named BW Pavilion Aranda (H2489) and BW Magnolia (H2490), were constructed by South Korea’s Daewoo Shipbuilding & Marine Engineering.

GasLog inks deal to convert LNG carrier for Panama FSU charter

GasLog, owner and operator of LNG carriers, signed a ten-year time charter with Sinolam LNG Terminal, S.A. concerning an LNG floating storage unit to a gas-fired power project being developed in Panama. The FSU is scheduled for delivery in November 2020. 

Costa Cruises cuts the steel of second LNG-fuelled cruise ship

Costa Cruises, celebrated the first steel-cutting for Costa Toscana, the company’s second ship that can be powered in port and at sea by liquefied natural gas (LNG), at the Meyer Turku shipyard in Finland. The Italy-flagged vessel is to be delivered in 2021.

Brittany Ferries and Repsol extend agreement on LNG supply

Repsol, Spanish energy company, and Brittany Ferries extended their agreement that they signed in February on supplying LNG to the ferry operator’s Spanish operations. The agreement sees the energy company supplying LNG bunker fuel to Brittany Ferries’ Salamanca and Santoña during the ships’ regular visits on routes linking Portsmouth, UK and northern Spain, beginning in 2022.

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