Energy firm Korea Gas Corporation (KOGAS) has signed a memorandum of understanding with a trio of LNG specialists to jointly develop a protocol for LNG bunkering in South Korea.
Korean firm Hyundai Samho Heavy Industries has reportedly signed a shipbuilding contract valued at US$240 million with Russian shipping line Sovcomflot (SCF) group for the construction of four ice-class, LNG-powered tankers.
Design concepts by Algoship Designers for the LNG-fuelled Seatransporter-DF vessel have received Approval in Principle (AIP) from classification and technical services agency American Bureau of Shipping (ABS).
Engineering conglomerate GE and Australian oil and gas company Woodside Energy have signed a partnership agreement to develop the use of LNG as a fuel in Western Australia.
Belgian marine engineering group DEME has placed an order with Dutch shipyard Royal IHC for the world’s first LNG-fuelled Cutter Suction Dredger – Spartacus.
The Croatian government has received €102 million in funding from the European union to build an LNG terminal on the Adriatic island of Krk.
French energy firm Fosmax LNG has issued a call for expressions of interest to develop further LNG fuelling infrastructure around its existing Fos Cavaou terminal near Marseille.
Global bunker fuel cost may rise by as much as US$60 billion per year from 2020, according to research by consultancy Wood Mackenzie.
Swedish equipment manufacturer Alfa Laval has expanded its test and training centre in Aalborg, Denmark as part of an effort to research new gas combustion and LNG fuelling technology.
Mobile units for use in offshore wind construction projects may represent a new area of growth in the development of LNG-fuelled transport solutions, according to research by Dutch engineering firm GustoMSC.
The International Standards Agency (ISO) has issued new LNG bunkering guidelines that promise to improve processes and help drive uptake of the fuel across the shipping sector.
French energy firm Engie along with Fluxys, Mitsubishi Corporation and NYK Line has taken delivery of the first purpose-built LNG bunkering vessel from Korean shipbuilder Hanjin Heavy Industries & Construction.
Spanish shipping line Baleària plans to invest €450 million in LNG-fuelled vessels and intelligent terminals as part of a strategic upgrade programme over the next five years.
Industry consortium SEA\LNG has added three new members to its coalition as part of its mission to “break down the barriers” to LNG uptake and establish LNG fuel as an economically viable alternative to fuel oil.
SCF selects WinGD LNG-fuelled 7X62DF engines
Russia’s largest shipping company, Sovcomflot (SCF) has awarded Winterthur Gas & Diesel (WinGD) a contract to supply dual-fuel engines for it the first ever LNG-fuelled Aframax crude oil tankers. The 7X62DF engines will feature X-DF low-pressure gas admission and are rated 13,800 kilowatts at 86 revolutions-per-minute. The engines comply with IMO Tier III limits for oxides of nitrogen (NOx) in their gas fuel mode, and with IMO Tier II when burning liquid fuel. “Reducing both CAPEX and OPEX, the low-pressure gas admission technology means that in contrast to engines with high-pressure gas injection, the gas fuelling system on the X-DF engines does not require high-pressure electrically-driven cryogenic pumps. This considerably reduces both the purchase and installation cost of the fuelling system and the consumption of electricity needed for injection of gas into the combustion chamber,” a spokesperson for WinGD said. Swiss manufacturer, WinGD is a developer of low-speed gas and diesel engines used for propulsion power in merchant shipping. Its engines are utilized for the propulsion of various types of deep-sea ships, including oil and product tankers, bulk carriers, car carriers, general cargo ships and container ships.
FGE predicts Asia LNG bunker growth
The LNG bunkering market may be poised for growth as LNG prices fall to historic lows, according to research constultancy FGE. Speaking at the recent International Symposium on LNG Bunkering, FGE chairman Fereidun Fesharaki told local agenices that prices could fall to a low of around US$4 per MMBtu in the second half of 2018 as export projects in the U.S. and Australia add supply faster than demand can grow. The outlook is likely to help investment in new LNG fuelling infrastructure as project developers see rising demand.