Tag: LNG carriers

ABB has secured a contract to supply electrical power and propulsion systems for the first of 16 Yamal LNG carriers. The contract, which includes options to equip 15 further vessels, is part of a project to transport LNG from the Yamal peninsula in Northwest Siberia to Asia and Europe. The order was booked in the first quarter. A consortium of partners, headed by Russian gas producer Novatek, have joined the Yamal project to open up gas from the Yamal peninsula, which is located inside the Arctic Circle and locked in ice for most of the year. The LNG will be shipped out of Sabetta port using the new 170,000m3 LNG carriers built to icebreaking capability of ARC 7, an ice-class scale that goes up to 9. Shipment will be made to Asia via the Northern Sea Route in summer months resulting in substantially reduced delivery times when compared to transit via traditional routes, as well as cutting fuel consumption and ship fuel emissions. The new building program has been awarded to Daewoo Shipbuilding and Marine Engineering (DSME), in South Korea. ABB's scope of supply includes turbochargers, generators, switchboards, transformers, electric drives, propulsion control and the Azipod? propulsion units that will ...

TOKYO-Mitsui O.S.K. Lines, Ltd. has announced that the company and other two companies including Chubu Electric Power Company decided a deal on joint ownership with Chubu Electric's decision to invest in Trans Pacific Shipping 2 Ltd., an LNG carrier-owning company. MOL established Trans Pacific Shipping 2 Ltd.(TPS2), a fifty-fifty joint venture owned with Mitsubishi Corporation, in May 2012, aimed at transporting LNG from Australia for Chubu Electric Power Company  TPS2 reached a long-term charter contract with Chubu Electric in October 2012. Of the LNG tanker holding company's stock, MOL will transfer 30% and Mitsubishi 10% so Chubu Electric can own a 40% share. The actual transfer is scheduled when the vessel is delivered. Toward realizing "Solid growth through innovative changes" set forth in the midterm management plan "STEER FOR 2020", MOL takes advantage of the experience, knowhow, and networks built up over the years as one of the world's largest LNG carrier owners and operators to meet the LNG procurement needs of its customers, including Japanese power and gas companies. Profile of LNG carrier-owing company Name : Trans Pacific Shipping 2 Ltd. Country of registration : Bahama Business goal : Owning and operating LNG tankerss Ownership : MOL 20% (50%)Mitsubishi ...