In this issue

 

Thursday, 22 February 2018
India’s ruling party has backed measures to drastically upscale LNG imports in the country and drive wide spread adoption of the fuel for transport. 
Thursday, 08 February 2018
Cross-sector industry coalition SEA\LNG has launched a new online tool to map the LNG bunkering infrastructure landscape worldwide. 
Thursday, 08 February 2018
Free ReadThe European Maritime Safety Agency (EMSA) has published a guidance document outlining best practice for the planning and operational stages of LNG bunkering.  Aimed at port authorities and administrations, the…
Energy company Itsas Gas has performed the first ship-to-ship LNG bunkering at the port of Bilbao in Northern Spain, marking the first such operation in the Atlantic Arc and Mediterranean…
Authorities at the port of Gothenburg have broken ground on a new LNG bunker facility which is set to become operational later this year. 
Free ReadFuelling technology firm Titan LNG has signed a long-term rental agreement with the Port of Amsterdam to site an LNG bunkering pontoon at the port.  The contract is part of…
Energy firm Total Marine Fuels Global Solutions has signed a long-term charter contract with shipping line Mitsui O.S.K. Lines for the first bunker vessel capable of supplying large quantities of…
Japanese shipping firms K Line, Chubu Electric, Toyota Tsusho, and NYK Line have initiated plans to create a joint LNG bunkering business. 
Free ReadGas specialist Reganosa has delivered fuel for the first LNG-powered trains in Europe via its Mugardos terminal in the port of Ferrol, Spain.  The bunkering operation was hailed as a…
Thursday, 25 January 2018
German fuel supplier Nauticor has signed a deal with Swedish ferry operator Destination Gotland for the provision of fuel for its first LNG-powered ferry. 
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. 
Free ReadMaritime software solutions provider Kongsberg Digital has received compliance approval for a new LNG vessel training simulator from standards agency DNV GL.  The new addition to the firm’s K-Sim Engine…
Fuelling specialists Gasunie LNG, Oiltanking and Vopak LNG have formed a new joint venture to develop an LNG terminal in northern Germany. 

News Nudges

Affinity facilitates first LNG freight swap

Trading specialist Affinity has facilitated the first LNG freight swap settled against the Baltic Exchange LNG spot assessments. "With liquidity increasing in the LNG market in recent years, freight has come under the spotlight as participants look to manage their exposure to vessel spot rates. Using the Baltic Exchange's rate assessments, we are able to help clients benchmark their freight exposure and develop a forward market for hedging price risk,” Benjamin Gibson, Head of LNG Derivatives at Affinity, said. The move is expected to bolster the case for LNG fuelling as it “represents an important milestone in the development of an LNG forward freight market”. "Initial trades are all about testing the settlement mechanism. Now is the time to try things and see how they work. We have lots of interest in the Baltic's forthcoming Atlantic routes and a weighted average of routes to give a global LNG freight benchmark," added Gibson.


Clarksons: LNG demand driving global fleet growth

Rapid growth in LNG infrastructure is fuelling an increase in the global fleet of LNG carriers, according to the latest data from consultancy Clarksons Research. The firm predicts that the global LNG carrier fleet will expand by 5.6% and 6.9% in 2019 and 2020 respectively, rising form a base of 570 vessels as at the end of June 2019. “Global trade in LNG continues its strong growth phase, with an expected 8.4% growth in 2019 and 7.4% in 2020… With 93 million tonnes per annum of export capacity under construction, and a further 313 mtpa of capacity at FEED, growth potential remains strong,” Steve Gordon, managing director at Clarksons Research, said. Longer term modelling by Clarksons also suggests that the LNG fleet will outnumber the VLCC fleet by 2026, with growing interest in small scale LNG, FSRU, FLNG and LNG as a marine fuel. “This trade expansion, combined with high day rates for vessels trading on the short term market over the past twelve months, has supported newbuilding orders totalling US$17 billion since start 2018 and helped build a total newbuilding orderbook of 25% of the fleet (US$24.5 billion),” he said. Clarksons forecasts that between three and four percent of world tonnage will be “LNG fuel capable through 2020”, with the majority still in LNG carrier sector. LNG infrastructure is also set to continue growing, with number of ports equipped with LNG bunkering having increased from approximately 20 to 100 in the past five years.


Virginia first U.S. port to join SEA/LNG

The U.S. Port of Virginia is the latest to join the SEA/LNG consortium as it plans to scale up LNG bunkering operations. The port is the first in the U.S. to join the multi-sector industry coalition and in in March established a working group to examine the benefit and scalability of LNG bunkers for maritime trade. “We’re very pleased to welcome the Port of Virginia as our first US port member. The US has vastly increased its LNG export capacity since the industry really took flight in early 2016, inspiring development in LNG bunkering capabilities on the East and West Coasts. The addition of the Port of Virginia to the coalition marks the climbing interest in LNG as a commercially viable, environmentally sustainable fuel for US domestic and international shipping,” Peter Keller, Chairman, SEA\LNG, said. SEA\LNG’s mission is to address the key barriers to the adoption of LNG; advocating for collaboration, demonstration, and communication amongst industry players. The coalition includes ABS, Carnival Corporation, DNV GL, Eagle LNG Partners, ENGIE, ENN Group, GE, GTT, JAX LNG, Keppel Gas Technology, Lloyd’s Register, Mitsubishi, NYK Line, Port of Rotterdam, Qatargas, Shell, Total, TOTE, Toyota Tsusho, YKIP, Marubeni, and Wärtsilä.