LNG carriers

GTT, Zvezda partner to build Russian LNG carriers

GTT, French Containment specialist collaborated with Russia’s Zvezda shipyard for the construction of LNG carriers. This contract represents a new step forward in the deployment of GTT technologies in Russia.

Best practices for safety of fixed gas detection systems

Recently, the US Coast Guard informed about common discrepancies associated with fixed gas detection systems on liquefied gas carriers. The Gard P&I Club discussed two main reasons for these deficiencies, both of which relate to the calibration of fixed gas detection sensors.

Suez Canal adjusts rates of reductions for LNG carriers

The Suez Canal Authority adjusted the rates of reductions granted by some of the LNG carriers, while it announced new incentives and discounts for some petroleum gas tankers and container ships for a period of three months starting from April 1st.

Japanese companies collaborate on LNG transportation

Hiroshima Gas along with Tokyo LNG Tanker and Tokyo Gas came together and signed an agreement for the liquefied natural gas transportation. Under the deal, some of the LNG produced by Hiroshima Gas and Tokyo Gas from Sakhalin, Russia, will be transported simultaneously through the Tokyo LNG Tanker from 2020 until 2027.

LNG carrier for Yamal LNG Project, officially named

Mitsui O.S.K. Lines, Ltd. (MOL) informed that named another LNG vessel carrier for Russia’s Yamal LNG Project. Specifically, the vessel was named “LNG Merak”, while the naming ceremony was held at Hudong-Zhonghua Shipbuilding on 8 January, 2020.

Do you know how many types of ships exist?

There is a wide range of different vessels. The international dry cargo and tanker markets are immense and are served by numerous ships of several types and of various sizes. Some of them follow standard designs and can carry a variety of cargoes while others are more specialized and able to carry commodities which the standard vessels cannot. According to the UNCTAD, in early 2019 the total world fleet stood at 95,402 ships accounting for 1.97 billion dead-weight tons (dwt) of capacity.

LNG carrier market to face short-term benefits

The LNG carrier rates are presenting a rapid increase lately due to the northern hemisphere winter that is approaching, with the rise being supported as much as by technical factors as fundamentals. MSI supports that the sector now is between a decision-making state, which will in the future dictate the trajectory of LNG shipping for the first half of the next decade and beyond.

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