Fuel specialist Skangas has launched its first Ice Class 1a LNG vessel, Coral EnergICE, holding a naming ceremony at the port of Turku, Finland.
Authorities at the port of Venice are to study the design and realization of an LNG transport barge with bi-fuel pusher.
Maritime software solutions provider Kongsberg Digital has received compliance approval for a new LNG vessel training simulator from standards agency DNV GL.
Fuelling specialists Gasunie LNG, Oiltanking and Vopak LNG have formed a new joint venture to develop an LNG terminal in northern Germany.
Spanish shipping line Baleària Group has announced plans to introduce the first two LNG-powered ferries in the Mediterranean.
A surge in bunkering activity in 2018 is expected to mark the ‘tipping year’ for LNG as a fuel for ships, according to the Society Gas as a Marine Fuel (SGMF).
Estonian utility firm Eesti Gaas has announced plans to invest in a new LNG terminal or bunker ship to meet demand in the Baltic.
Authorities at the Port of Tallinn have applied a discount on tonnage fees for LNG-fuelled vessels calling at the port.
French banking group Societe Generale has become the first financial institution to join multi-sector industry coalition SEA\LNG.
The Maritime and Port Authority of Singapore (MPA) has announced plans to invest S$12 million to boost LNG bunkering at the Port of Singapore.
Singaporean LNG supplier Pavilion Gas has been awarded a contract by PSA Marine for the supply of LNG bunker fuel from 2019.
Authorities in South Korea have backed investment in LNG-fuelled newbuild vessels as part of a strategy to restore the country’s position in the global shipbuilding sector.
French energy firm Total has signed a strategic agreement with shipping line CMA CGM to provide LNG for its newest container ships.
Shipbuilder China Merchants Industry Holdings has signed a Letter of Intent (LoI) with cargo firm Jumbo to construct an LNG-powered heavy-lift vessel.
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.