Tag: LNG carriers

GE’s Power Conversion business announced that it had received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers. The LNG carriers will be built for the purpose of transporting LNG from Louisiana, USA. Their construction is scheduled to be completed from 2017 through 2018. From the perspective of improved performance, electric propulsion technology is optimal for LNG carriers. GE’s robustly simple induction-based propulsion motor technology and high output power pulse width modulation (PWM) technology improve reliability and help lower maintenance costs for vessels. “GE has demonstrated a low risk solution to KHI, showing professionalism in the execution plan and a high standard of quality control of their equipment which is the result of extensive experience in the supply of 65 Dual Fuel Diesel Electric (DFDE) drive systems with induction technology for LNG carriers over the last decade. GE is happy to forge this new partnership with a key player in the Marine industry showing its future commitment to Japanese customers.” said Paul English, Marine Business Leader, GE Power Conversion. The technology that GE Power Conversion has introduced to the maritime industry comes with an extensive track record and is currently used ...

Golar LNG (Golar) announced that it has been awarded 2 time charters by Nigeria LNG Ltd (NLNG) to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of approximately 12 months for each vessel. NLNG has elected to retire earlier than planned 3 of its smaller and less efficient LNG Carriers and to replace these with Golar's more modern and technically advanced ships, while NLNG awaits the delivery of its own recently ordered new vessels. Golar's CEO Doug Arnell commented "Golar is delighted to be selected by NLNG for these charters. This new business opportunity provides the clearest possible demonstration of the significant benefits available from the vessels delivered under Golar's existing new-building program. Significant reduction in boil-off and a material improvement in fuel efficiency have contributed to the decision to replace the older vessels with Golar's new buildings". Source and Image credit: Golar LNGIn the start, I was explicit with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is incredible to sit.

Golar LNG Limited announced that it is offering 7,170,000 common units, representing limited partner interests in Golar LNG Partners LP ("Golar Partners" or the "Partnership") as a selling unitholder in the public offering announced on January 8, 2015 by Golar Partners (the "Offering").  Golar intends to use the net proceeds of the Offering to fund a portion of the recently announced contract with Keppel Shipyard to convert one of its first generation LNG carriers, Gimi, into a floating natural gas liquefaction facility (GoFLNG).  These proceeds will be in addition to the net proceeds expected to be received over the next two years from the recently announced USD $390 million sale of the Golar Eskimo to Golar Partners when Golar Partners refinances the USD $220 million loan from Golar to be made in connection with the closing of the acquisition.  This will be Golar's second GoFLNG conversion project and long-lead items are in the process of being ordered. The investment is expected to secure future growth for Golar.  Although the Company continues to develop a number of opportunities for the deployment of GoFLNG, to retain timing flexibility in the roll out of Golar's floating LNG strategy, cancellation provisions have been secured, ...

The International Transport Workers’ Federation has raised concerns about Flag-of-Convenience (FOC) vessels transporting highly dangerous cargoes around Australia’s coast and Great Barrier Reef. The first consignment of liquefied natural gas was transported out of Gladstone aboard a BG Group-chartered, FOC tanker called the Methane Rita Andrea. FOC ships are notorious for breaching safety and environmental codes internationally and are utilised by companies in an attempt to flout environmental, safety, labour and tax regulations worldwide. Two serious incidents occurred with FOC vessels off the UK coast: The Cemjford, a concrete carrier, sunk of the Scottish coast with all eight crew presumed dead. Meanwhile 25 crewmembers had a lucky escape when the FOC car carrier they were sailing on, the Hoegh Osaka, run aground between Southampton and the Isle of Wight. ITF Australia Coordinator Dean Summers said it was reckless that governments, in Australia and elsewhere, would allow this practice to continue in light of dangerous incidents that occur everyday. “LNG is possibly one of the most volatile substances that can be shipped and to ship gas out of Gladstone these vessels have to negotiate the Great Barrier Reef, yet we entrust this task to ships flagged in places like Liberia,” Summers ...

Sailing Route from the Cove Point LNG Project   TOKYO-Mitsui O.S.K. Lines, Ltd.   announced that the company has concluded a basic agreement on a time charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd., a wholly-owned subsidiary of Tokyo Gas Co., Ltd. At the same time, MOL signed a contract with Japan Marine United Corporation  for construction of the new vessel. This is the third new vessel MOL will manage, following two other newbuilding LNG carriers sailing under contract with Tokyo LNG Tanker and built by JMU. These ships were launched on February 28 and November 28, 2014. The third vessel will also transport LNG from the Cove Point LNG Project in the United States to Tokyo Gas facilities. MOL is involved in operating 11 of 14 LNG carriers owned and managed by Tokyo LNG Tanker, including this newbuilding vessel, and directly manages eight of those 11 ships. To realize "solid growth through innovative changes," as set forth in the company's midterm management plan STEER FOR 2020, MOL continues to take a proactive stance in offering safe and stable transport of LNG by drawing on its extensive experience, know-how, and network as the world leader in ...

BG Group, a world leader in exploration and LNG, has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric (“TFDE”) LNG carriers for proceeds of $460 million. BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and eleven years with further options to extend the term for each vessel by either three or five years. The transactions provide BG Group with flexibility in managing its future fleet requirements and, as the ships are currently managed by GasLog, leave day to day operations broadly unchanged. The LNG carriers are currently associated with a Pension Funding Partnership which is one element of the Group’s funding arrangements for the BG Pension Scheme. Consequently the majority of the proceeds from this sale will be utilised to support the funding of that scheme. The remaining net proceeds from the transaction of around $100m will be used to reduce the Group’s net debt. Closing of the transaction is subject to the satisfaction of certain conditions, including the completion of definitive documentation. The transaction is expected to close in the first quarter of 2015, with the charter agreement expected to commence ...

APT 2 Start of Construction ceremony General Dynamics NASSCO signaled the start of construction of a second “ECO” tanker to be built for American Petroleum Tankers at a steel cutting ceremony at NASSCO’s San Diego-based shipyard. U.S. Rep. Scott Peters signaled the beginning of construction by pressing a button to cut the first piece of steel. NASSCO began construction on the first tanker in September 2014. As part of a five-tanker contract, the new ECO tankers solidify a mutual commitment between General Dynamics NASSCO and American Petroleum Tankers to design, build and operate innovative and increased energy-efficient and fuel-saving products. Each of the five 50,000 deadweight ton product carriers will be LNG-conversion ready and will hold a 330,000 barrel cargo capacity. With a specialized ECO design, the tankers are more energy efficient and incorporate environmental protection features, including a Ballast Water Treatment System. “NASSCO is providing our customers with some of the most energy-efficient, fuel-saving, and cost-effective tankers in the world,” said Kevin Graney, vice president and general manager of General Dynamics NASSCO. “The construction of the first tanker for American Petroleum Tankers is well underway at NASSCO and we are pleased to begin construction on a second tanker for ...

On 16 December a naming ceremony was held for the LNG carrier SCF Melampus, the third tanker in a series of vessels to be built under a partnership agreement between Sovcomflot and the shipyard STX Offshore & Shipbuilding. The first two tankers of the series, Velikiy Novgorod and Pskov, have already been put into operation on long-term contracts with Gazprom, with the design of SCF Melampus a continuation of this project. These ships have been constructed to adhere to all requirements of the charterer on ecological safety and energy effectiveness. Atlanticmax LNG carriers have a load capacity of 170,200 cubic metres and are equipped with triple-fuel diesel electric power generation systems. The ships have the enforced ice class ‘Ice2’ and are designed to operate at low temperatures and in harsh climatic conditions. LNG carriers of this type are able to transport gas from the majority of existing export terminals. Sovcomflot will receive the fourth LNG carrier in the series, SCF Mitre, in the second quarter of 2015. Sovcomflot’s Senior Executive Vice-President Evgeniy Ambrosov commented: “Gas transportation is a strategic priority for the development of Sovcomflot, whose specialists have the required experience and expertise in LNG shipping. SCF Group and Royal ...

Kawasaki Kisen Kaisha (“K” Line) announced the signing of a long-term Time Charter contract for a new 164,700m3 Moss type (independent spherical tank) LNG carrier that has been concluded with Chubu Electric Power (Chubu Electric). “K” Line has also executed separate Shipbuilding contract with Kawasaki Heavy Industries, Ltd. (KHI).   Chubu Electric is involved in the construction as well as the operation of Freeport LNG and this new vessel will engage in the transport of LNG from the project located in State of Texas in the United States. “K” Line already executed previous long-term Time Charter contract for a vessel having identical specifications with Chubu Electric in April 2013, and this contract for second vessel is based on subsequent contract following that for the first vessel. Source and Image Credit: "K" LineIn the outbreak, I was explicit with you propecia before and after has changed my being. It has become much more fun, and now I have to run. Just as it is fabulous to sit.