In this issue

 

Thursday, 08 September 2016
The first LNG bunkering operation at the Port of Gothenburg has been completed successfully, with the tanker Ternsund refuelling near the island of Fotö at the entrance to the port.
Software developer Kongsberg Digital is to develop a simulator tool for ship operators to train staff on the use of LNG as a fuel.
Thursday, 08 September 2016
U.S. shipping company Matson has signed a contract with General Dynamics NASSCO to build two new dual-fuel LNG-ready cargo vessels for its Hawaii fleet.
Shipping and energy standards agency DNV GL is to undertake a new market study into the European LNG market, as part of EU efforts to develop a continent-wide network of…
The European Commission has published new projections for fuel consumption that predict LNG fuelling is set to account for 10% of international maritime bunkering by 2050.
Energy firm Shell has signed an agreement with the government of Gibraltar to construct a small-scale regasification unit in Gibraltar to supply LNG fuel to a nearby power station.
Thursday, 25 August 2016
LNG fuelling specialist Atlantic, Gulf and Pacific (AG&P) has announced a “major investment” in Korean engineering and design firm Gas Entec.
Japanese technology developer Kawasaki Heavy Industries (KHI) has developed a prototype expandable LNG tank for storing fuel aboard maritime vessels and plans to launch the product commercially.
Chinese developer Shenzhen Biaodian Investment is backing growth in the LNG fuelling sector with the addition of 11 newbuild LNG bunkering barges.
Thursday, 25 August 2016
Shipping lines Navigator Gas and Crowley Maritime have both launched new LNG-ready vessels, preparing the way for wider use of the fuel within their fleets.
Thursday, 25 August 2016
Engine developer MTU has completed 3,000 hours of bench tests for a new gas marine engine design, that is expected to help power LNG-fuelled vessels from 2017.
Thursday, 11 August 2016
The first sea-going vessel to bunker LNG at the port of Rotterdam has offloaded cargo at Vopak in the Botlek before moving to the Willem Alexanderhaven terminal for refuelling.
The Northwest Seaport Alliance has approved plans for a proposed LNG fuelling station in the port of Tacoma.
Authorities at the port of Ulsan in South Korea are to develop LNG bunkering capabilities in partnership with a number of organisations in a bid to create the country’s first…

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.