In this issue

 

Finnish shipbuilder Meyer Turku is to design and construct  two next generation LNG-fuelled cruise ships for Miami-based operator Royal Caribbean Cruises.
LNG technology development consortium Project Forward is to partner with Anglo-Dutch  oil and gas company Shell to investigate LNG bunkering for the supply of globally-trading bulk carriers, tankers and container…
Singaporean LNG specialist Pavilion Energy is to partner with energy firm ExxonMobil to develop LNG bunkering projects in Singapore.
Danish gas specialist Kosan Crisplant has partnered with Korea LNG Solution to develop and  manufacture LNG bunkering equipment.
Designs by shipbuilder Vard Engineering Brevik for a new 6,500 cubic metre capacity bunker vessel have received Approval in Principle (AiP) from standards agency DNV GL.
Finnish state-owned shipping firm Arctia Oy has launched the world’s first LNG-fuelled icebreaker, the IB Polaris. 
LNG solutions provider Titan LNG has introduced a new LNG bunkering pontoon, the Titan LNG Flex-Fueler, designed to supply both inland waterway vessels and larger sea-going vessels.
Cruise ship operator Carnival Corporation has signed an agreement with energy firm Shell to supply fuel for two next-generation cruise ships and is to expand its fleet with the addition…
A consortium of industrial firms that includes French electric utility Engie, Japanese technology firm Mitsubishi Corporation and shipping group NYK Line has launched Gas4Sea to promote LNG bunkering and LNG…
Thursday, 22 September 2016
Authorities at the Indian port of Kolkata are to develop LNG bunkering facilities at the port’s Haldia Dock Complex.
Authorities in Cyprus have announced their support for further LNG fuelling infrastructure on the island to develop LNG as the “fuel of the future”.
Spanish multinational oil and gas company Cepsa is to develop a multi-product LNG bunkering barge to supply fuel for ships throughout Europe.
International certification agency Bureau Veritas is to class the first container vesselas LNG fuelled, following a fuel conversion process on its engines.
Finnish engine manufacturer Wärtsilä is to provide LNG-fuelled engines and ancillary equipment for four newbuild Swedish tankers.

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.