Gibraltese shipyard Gibdock is to retrofit the vessel Napoles to run on LNG fuel on behalf of ferry line Baleària.
Norwegian shipowner Havila Kystruten has contracted engineering group Rolls-Royce to supply power and propulsion systems for four newbuild LNG-fuelled Ro-Pax vessels currently under construction.
Standards agency DNV GL and Dalian Shipbuilding Industry Company (DSIC) have signed a joint development project agreement to develop a new LNG-fuelled ultra large container vessel (ULCV).
LNG development consortium the Green Corridor Joint Industry Project (JIP) has concluded work to design an LNG-fuelled Newcastlemax for transport of iron ore and coal from Australia to China.
Chinese gas distributor ENN Energy has ordered China’s first seagoing LNG bunker vessel.
Russian state-run shipping company Sovcomflot has completed the maiden voyage of its LNG-fuelled crude oil tanker Gagarin Prospect.
The European Union has announced it will invest €2.9 million in the expansion of the LNG filling station network in Finland by national energy firm Gasum.
Tanker operator AET has received two LNG dual-fuelled Aframax tankers from shipbuilder Samsung Heavy Industries in South Korea.
Bulk cargo carrier ESL Shipping has received the LNG-fuelled vessel Viikki from the Jinling shipyard in Nanjing, China.
LNG specialist Crowley Maritime has christened its new Commitment Class vessel El Coquí, marking the first combination container/roll-on, roll-off ship to be powered by the fuel.
Energy firms Total and Pavilion Energy have signed a Heads of Agreement (HoA) to jointly develop LNG bunker infrastructure at the port of Singapore.
Swedish engine manufacturer MAN Diesel & Turbo is to supply propulsion systems for the world’s first LNG-fuelled fishing trawler.
A consortium of Japanese shipping and engineering companies has announced that the first LNG bunkering vessel in the country is expected to start operation in 2020.
Supermarket group Lidl has announced plans to move its logistics operations in Switzerland from diesel to LNG fuel.
Woodside plans LNG truck loading facility expansion
Australian oil and gas company Woodside Energy is reportedly planning to quadruple the size of its Pluto LNG truck loading facility, following the signing of its first customer this week. Sheffield Resources signed an agreement for the equivalent of five terajoules of LNG per day for 15 years as part of the Thunderbird mineral sands project. Woodside plans to expand its LNG truck-loading operations at Pluto to extend its virtual pipeline concept serving mines in the region.
India makes headway on LNG infrastructure
Authorities in India are to introduce close to 20 LNG fuelling stations on some of the country’s main heavy transportation routes next year, according to energy major Petronet LNG. Tenders are currently under consideration with the aim to establish a pilot project base of some 5,000 LNG-fuelled trucks travelling five leading national highways. “Following its successful experiment, this exercise would have a repeat in subsequent year of 2020 for another estimated 5,000 trucks that can run on national highways on LNG with a fuel cost saving of nearly 25 percent as well effectively addressing the issue of fuel pollution,” V. K. Mishra, director at Petronet, said. Indian manufacturers including Tata and Mahindra are also expected to produce LNG-fuelled vehicles and buses helping to drive demand growth.
Study points to “strong investment case” for LNG
A study commissioned by industry coalition SEA\LNG has revealed a strong investment case for LNG as a marine fuel in the container shipping market. The research analyses usage for a newbuild 14,000 TEU container vessel operating on an Asia-US West Coast (USWC) liner routing and compares six fuel pricing scenarios. “The study unequivocally shows that for this vessel type, on this trade route, LNG as a marine fuel delivers the best return on investment on a net present value (NPV) basis over a conservative 10-year horizon, with fast payback periods ranging from one to two years,” Peter Keller, Chairman of SEA\LNG, said. The study was produced by independent simulation and analytics firm Opsiana and indicates that LNG provides a greater ROI than alternative compliance solutions, including the installation of Exhaust Gas Cleaning Systems (EGCS), or scrubbers, across 5 out of 6 of the fuel scenarios explored. It also reveals a diminishing CAPEX hurdle, competitive energy costs, the stability of LNG pricing, and the realistic cost of scrubbers.