Tag: LNG carriers

OAO Sovcomflot (SCF Group) announced that it has signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent. The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre, which will operate on long-term contracts with the Shell Group. The new high-spec Atlanticmax Ice2 (1C) class gas carriers feature a tri-fuel engine, a cargo capacity of 170,000m³ and are equipped for operating in harsh and low temperature conditions. The vessels’ design is optimised to provide the utmost trading flexibility to their charterers, as they are able to transport LNG year round to and from most of the world’s existing LNG terminals. The project facility has a limited recourse structure and a favourable long-term tenor, as well as competitive pricing, reflecting the robustness of the deal structure, the stability of the charter hire revenue stream and cash flows, and the high credit quality of the charterer. The vessels will form part of Sovcomflot's recently established company SCF Gas Carriers Ltd., the Group’s dedicated vehicle for its expanding gas transportation business. Nikolai Kolesnikov, Senior Executive Vice-President & Chief Financial Officer, said: “We are delighted ...

Subsidiaries of Teekay LNG Partners L.P. and a wholly owned company of Royal Dutch Shell plc (Shell) announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell’s global LNG fleet under time-charters ranging in duration from six to eight years, plus extension options. Delivery of the vessels will start from the second half of 2017 into 2018. The new time-charter contracts with Shell will be serviced by five 173,400 cubic meter MEGI (M-type, Electronically Controlled, Gas Injection) engine LNG newbuildings built by Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) of South Korea. MEGI engines will be significantly more fuel-efficient and have lower emission levels than engines currently used in LNG shipping. Dr. Grahaeme Henderson, Vice President of Shell Shipping & Maritime, commented: “We are pleased to have signed this deal with a leading company like Teekay LNG, further strengthening our relationship with them. The new tonnage will give Shell’s upstream and trading operations added flexibility in taking gas to market. We look forward to welcoming these cutting-edge MEGI engine vessels into our LNG fleet which is one of the largest and most technically advanced in the world.” Mr. ...

GTT (Gaztransport & Technigaz) announced the order for three LNG Carriers (LNGCs) (plus five options) which will be built by the Korean shipbuilder Samsung Heavy Industries (SHI). These three large LNGCs have been ordered by MBK, a Japanese ship-owner, and will be delivered in 2018. They will be equipped with the Mark III Flex membrane technology which allows an optimized boil off rate. On this occasion, Philippe Berterottière, Chairman and CEO of GTT declared: “We are very happy to receive this order which confirms the great interest of Japanese ship-owners in our low boil off technologies”. With 46 orders for vessels received so far since the beginning of the year – a stronger than initially expected order flow, GTT now anticipates 2014 revenue to be close to €227 million and has revised upwards its 2015 revenue outlook, which should reach a level comparable to that of 2014 (i.e. around €10 million more than the revenue outlook announced at the time of the IPO). GTT will publish its full year 2014 results on February 12, 2015, with its revised short term and mid term outlook after the close of the market. Source and Imaeg Credit: GTTIn the origin, I was frank ...

Mitsubishi Heavy Industries (MHI) has completed development of the "Sayaringo STaGE," a next-generation LNG (liquefied natural gas) carrier. The Sayaringo STaGE was developed as a successor to the "Sayaendo1," the company's highly acclaimed LNG carrier evolved from carriers with Moss-type2 spherical tanks that offer a high level of reliability. The adoption of apple-shaped tanks (ringo being the Japanese word for "apple") has enabled a near 16% increase in LNG carrying capacity without changing the ship's width, while incorporation of a hybrid propulsion system has boosted fuel efficiency by more than 20% compared to the Sayaendo (and more than 40% vis-à-vis earlier carriers). Leveraging the Sayaringo STaGE's capacity for transporting North American shale gas safely and efficiently, MHI plans to undertake extensive business activities promoting the new vessel as a strategic product among its LNG carrier offerings. Whereas the Sayaendo has a continuous cover over spherical pea-shaped tanks, the tanks adopted on the Sayaringo STaGE have an apple-like shape with the upper half bulging more than the lower half. The new apple-shaped tanks constitute an improved version of high-reliability Moss-type tanks, and they have been adopted on the Sayaringo STaGE as part of MHI's initiative to develop a vessel in the ...

Oman Shipping Company (OSC) has taken delivery of the Adam LNG, which is described as an advanced fuel efficient LNG carrier. The 162,000 cubic metres capacity vessel was built by Hyundai Heavy Industries (HHI) in Ulsan South Korea. The newly-delivered LNG carrier will operate worldwide with 25 crew including four Omani cadets, according to OSC. OSC Acting Chief Executive Officer, Tarik Al Junaidi, said: “ The delivery of the Adam LNG, together with the ordering of 11 medium range products tankers, reflects our ambition to grow not only in Oman, and the Middle East, but also worldwide.” Mr Al Junaidi said key innovations on the Adam LNG included its propulsion system and the design of its aft hull form. “To slash harmful emissions we have deployed the latest Dual Fuel Diesel Electric (DFDE) technology,” he said. “This enables the engine to operate on the lean-burn principle which increases engine efficiency and reduces peak temperatures which cuts Nitrogen Oxide emissions. In addition the ship has been coated with a new low friction paint which reduces fuel consumption by improving the sailing efficiency of the vessel. It does this by reducing the friction resistance of the hull. Furthermore, the design of the aft body hull forms a ...

The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia. The ships will be owned by one joint venture between Teekay LNG Partners of Canada and China LNG Shipping (CLNG), and another joint venture between China Shipping LNG Investment Co.,Ltd. (CSLNG) and Japan based Mitsui O.S.K. The order for engines was placed with Wärtsilä’s Korean joint venture company, Wärtsilä Hyundai Engine Co., (WHEC) in October. The Wärtsilä machinery is capable of operating on liquefied natural gas (LNG), heavy fuel oil (HFO), or low-viscosity marine diesel oil (MDO) but LNG will be the main type of fuel to be used. When operating in arctic waters the engines will be operating in ambient temperatures of as much as minus 50 degrees Celsius on LNG carriers breaking through ice more than two metres thick, in operating modes that allow dramatic variations in engine load within a limited period of time. Wärtsilä’s ability to meet these demanding design criteria was a key factor in the award of this contract. For ...

United European Car Carriers (UECC) has signed a contract for the construction of two LNG-powered car carriers (PCTCs). A single MAN B&W 8S50ME-GI dual-fuel engine will power each newbuilding. The PCTCs will be capable of operating on LNG fuel, heavy fuel oil or marine gas oil, providing greater flexibility and efficiency. They represent the first such vessels globally to be fitted with an LNG propulsion system. When in service, they will be capable of completing a fourteen-day round trip in the Baltic operating solely on LNG, including main engine and auxiliary power generation. UECC ordered the newbuildings in conjunction with a long-term fleet evaluation process concerning its Baltic fleet. Among the key requirements for new tonnage was an ability to meet all expected environmental legislation (SECA). In this respect, LNG is recognised as the cleanest and most environmentally friendly choice of fuel suitable for marine transport. LNG fuel significantly reduces CO2 and NOx emissions, as well as almost entirely eliminating oxides of sulphur (SOx) and particulate emissions. To this end, UECC has signed an exclusive contract for the supply of LNG fuels to the vessels in the port of Zeebrugge using a dedicated LNG ship-to-ship bunker vessel. The vessels will ...

For the first time Qatargas Operating Company Limited (Qatargas) has delivered LNG on-board a Q-Max Vessel to the Dubai Supply Authority (DUSUP) LNG Terminal located at the Jebel Ali Port.  The Q-Max LNG Vessel “Lijmiliya” has a capacity of 263,000 cubic meters, a length of 345 meters and is one of the largest LNG vessel class in the world.  The “Lijmiliya” under charter to Qatargas is owned by Qatar Gas Transport Company Ltd. (Nakilat) and operated by Shell International Trading and Shipping Company Ltd. (STASCo). The “Lijmiliya” was partially loaded with 150,000 cubic meters of LNG in the Port of Ras Laffan and arrived on the morning of 27th October alongside DUSUP’s 125,000 cubic meter Floating Storage and Regasification Unit (FSRU), ”Golar Freeze,” which is moored at a jetty in the Jebel Ali Port for unloading its cargo.  This being the first occasion for Q-Max vessel to call at Jebel Ali, the “Lijmiliya” was berthed in daylight hours and will take approximately 2 days to unload her cargo. Qatargas and its partners followed a robust process of management of change in terms of due diligence that was required to get the Q-Max accepted in Jebel Ali Port. On this occasion ...