In this issue

 

Shipbuilder Keppel Offshore & Marine has held a naming ceremony for the first dual-fuel LNG tug in South East Asia. 
Free ReadLNG technology development consortium Forward Maritime Group has signed a Letter of Intent for 20 LNG-fuelled bulker vessels.  The advanced forward bulker 84-LNG bulk carriers will be constructed by Singapore-listed shipbuilder Jiangsu…
Authorities at the port of Rotterdam are reportedly planning the first ship-to-ship LNG refuelling operation at the port for June. 
Automotive manufacturer Volvo has launched its new LNG-fuelled heavy-duty truck in Finland and carried out the first refuelling operations in Turku on the southwest coast of the country. 
Free ReadShipping association the Baltic and International Maritime Council has adopted new standard Bunker Terms that are expected to boost harmonisation across the shipping industry.  The revised contract aims to “reduce…
Advanced infrastructure for drydocking and modification work in Singapore is set to boost the island-state’s role as a regional LNG hub, according to the American Bureau of Shipping (ABS). 
Russian oil major Gazprom Neft has announced plans to construct the country's first LNG bunker barge by 2020. 
Free ReadShipping line Sinanju Tankers has placed an order for Singapore’s first LNG-fuelled bunker tanker.  The order was placed through Sinanju’s partner for the project, Japanese conglomerate Mitsui Group, and the…
Cryogenic storage specialist Chart Ferrox has been awarded a contract to develop Croatia’s first LNG vehicle fuelling station. 
A consortium of Japanese industrial firms has committed to a joint study on ship-to-ship LNG bunkering in Tokyo Bay. 
Thursday, 22 February 2018
The sale of LNG bunker fuel at the port of Rotterdam increased over ten-fold year-on-year in 2017, according to the latest figures from the port authority. 
Free ReadFuel supplier Nauticor has completed the first LNG bunkering operations for the dual-fuel dredger vessel Scheldt River at Brunsbüttel Port, Germany.  The trailing suction hopper dredger was loaded with approximately…
Engineering component supplier Hexagon Composites has been awarded a contract to supply fuel storage tanks for a newbuild LNG supply vessel being built for Babcock Schulte Energy. 
Increases in maintenance costs associated with exhaust gas scrubber systems may give a boost to demand for LNG fuel, according to underwater repair specialist Hydrex. 

News Nudges

LNG spot prices drive fuel uptake

Demand for LNG as a martime transport fuel is growing in Asia on the back of lower prices. Data from Refinitiv Eikon suggests LNG spot prices are roughly $131 per tonne less than very low sulphur fuel oil on average across 2020. Analysts predict that while the gap is set to widen as more supply hits the market over the next few years.


Rotterdam LNG bunker fleet rises to nine

Authorities at the Port of Rotterdam report that a total of nine LNG bunker vessels operate in the port area. “The introduction of these new LNG-powered vessels supports the Port Authority’s ambition to serve as a key hub in the import, export, storage and bunkering of LNG,” a spokesperson for the port said. Between them the nine ships are forecast to bunker 300,000 cubic metres of LNG per year.


GTT orderbook grows

LNG specialist GTT has reported that consolidated revenues were up 53% for the first nine months of 2020, boosted by demand for LNG carriers. "With a total of 38 orders booked since the start of the year for all segments taken together, GTT's commercial activity continue to progress at a firm pace, and LNG demand is maintaining its upward trend, driven by Asia,” Philippe Berterottière, CEO of GTT, said. In addition to 12 LNG carriers booked during the first half of the year, a further 6 orders were booked in the third quarter of 2020, this included an order for 10 ice-breaker LNG carriers. The firm also announced that the Korea Fair Trade Commission had concluded a hearing into the firm’s commercial practices with Korean shipyards. “GTT and its counsels participated in this hearing and previously responded in writing to the preliminary conclusions set out by the Examiner Report. GTT will keep the market informed about the KFTC decision when released,” a spokesperson for GTT said.


MAES adds Londerzeel LNG lanes

Belgium fuel retailer MAES has added LNG fuelling lanes at its MAES Londerzeel site. The firm also announced the introduction of Hydro treated Vegetable Oil (HVO100) fuel at its filling stations in Londerzeel and Ruisbroek, Belgium. The fossil-free fuel marks a first for the firm and provides a high-end diesel substitute. The firm states that HVO100 is the most sustainable fuel for diesel vehicles with 89% less CO2, 30% less particulate matter and 9% less nitrogen oxide as compared to regular diesel.