In this issue

 

Thursday, 01 August 2019
Officials at the Port of Riga in Latvia have commenced LNG bunkering operations at the port, with the arrival of the LNG-powered vessel Containerships Polar. 
Free ReadEquipment developer Signum Technology Group has tested a new ship-to-ship hose LNG transfer system in partnership with Royal Dutch Shell at the Port of Rotterdam in the Netherlands. The technology…
Chinese energy group Jereh has signed a contract to install a network of 10 LNG fuelling stations across Russia.
Russian shipping line Sovcomflot (SCF Group) has received an award for the design of its LNG-fuelled Aframax crude oil tanker, Gagarin Prospect. 
Free ReadMaritime consultancy Kasi Group is to launch an LNG bunkering simulator in Sabah, Malaysia, marking a first for LNG training in the country. The simulator has been designed to provide…
Chinese clean energy specialist ENN Energy has signed a contract for the construction of China’s first seagoing LNG bunker vessel.
Finnish gas supplier Gasum has announced ambitious plans to create a network of 50 LNG refuelling stations across the Nordic region by next year.
Cryogenic storage specialist Chart Ferrox has commissioned the first LNG filling station in Sweden as it aims to meet growing demand from the regional haulage industry.
Free ReadFinnish energy group Gasum has announced the successful first bunkering of its vessel Coralius at the refining area of the port of Rotterdam. The arrival of the ship marked a…
Fuel transport specialist Quality Liquefied Natural Gas Transport (Q-LNG) is set to launch the world’s first LNG bunker articulated tug barge (ATB) in 2020. 
French shipping line Brittany Ferries is to expand its LNG-fuelled fleet with the addition of three new vessels from this year onward.
Free ReadA consortium of European fuelling specialists has launched plans to develop a new LNG terminal in Northern Germany that will act as a regional bunkering hub. The German LNG Terminal…
A switch to LNG as a marine fuel can deliver emission reductions of up to 21% over the short term, according to the latest data from energy consultancy thinkstep. 
Power equipment manufacturer MAN Cryo has delivered and installed an LNG fuel gas system aboard Italian ferry vessel Elio. 

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.