In this issue


Thursday, 12 October 2017

BP Shipping’s finance partners, KMarin and ICBC Leasing, are investing over $1 bill in six newbuilding LNGCs. 

Thursday, 12 October 2017

FLEX LNG has appointed Øystein Kalleklev as CFO.

Thursday, 12 October 2017

Credit Agricole Corporate and Investment Bank (CA-CIB) and KfW-IPEX Bank (KfW) have provided a $191.8 mill post-delivery finance facility to a subsidiary of BW Gas for the company’s second FSRU - ‘BW Integrity’. 

Thursday, 12 October 2017

Due to the lack of the number of LNGCs or LNG fuelled vessels in comparison to the overall worldwide tonnage, there is a shortage of trained/experienced seafarers (officers and ratings) for the carriage and handling (loading and discharging) of LNG cargoes.

The Panama Canal Authority (PCA) is working with LNG interests in order to double the capacity set aside for LNGC transits by next October. 

Dualog has won a contract to handle the business email and data transfer needs for 90 vessels managed by Thenamaris of Greece, which includes three LNGCs.

Thursday, 12 October 2017

Italian energy group Edison and Venture Global Calcasieu Pass (Venture Global) have entered into an LNG Sales and Purchase Agreement (SPA).

The Suez Canal Authority is to introduce toll reductions for LNGCs operating between the US Gulf, Arabian Gulf zone, India and its eastern ports.

Thursday, 12 October 2017

Chevron Corp has started producing LNG at the Wheatstone Project in Western Australia.

Thursday, 12 October 2017

Subsea Industries has applied Ecolock protective coating to the hull of Exmar’s 26,320 cu m FSRU nearing completion at a shipyard in Nantong, China. 

UK-based ballast water treatment system (BWTS) and inert gas supplier Coldharbour Marine is close to winning orders to fit equipment on newbuilding LNGCs, CEO Andrew Marshall said. 

Thursday, 12 October 2017

Bureau Veritas (BV) has published a new Rule (NR645) for the classification of FSRUs.

Thursday, 12 October 2017

A wholly-owned subsidiary of Tellurian has entered into a six-month timecharter contract with Maran Gas Maritime for the LNGC, ‘Maran Gas Mystras’.

Thursday, 12 October 2017

The newly delivered LNGC ‘SK Audace’ owned by SK shipping and Marubeni has completed her first cargo carrying voyage (see LNG Shipping News, 14th September, page 6). 

News Nudges

‘Excel’ changes hands

EXMAR has announce the sale of the 2003-built 138,107 cu m LNGC ‘Excel’. She was delivered to her new owners on 6th October, 2017. EXMAR said that the net cash proceeds realised for its 50% share in the joint venture owning the vessel will be about $23 mill. No other details were available at press time.

FLNG ‘Hilli Episeyo’ leaves Keppel Shipyard

Golar LNG’s FLNG conversion ‘Hilli Episeyo’ left Keppel Shipyard on 1st October. Having successfully reached her mechanical completion, the vessel has been moved to a deepwater anchorage where Keppel will complete the final marine commissioning. The FLNG is expected to leave Singapore between 15th and 20th October.

MOL names FSRU

Mitsui OSK Lines (MOL) held a naming ceremony for the ‘MOL FSRU Challenger’ at the Okpo shipyard of Daewoo Shipbuilding on 28th September. This is the first FSRU that MOL independently built, owned and operated. She will provide storage and regasification services to a project in Turkey after delivery this month. The operation is due to commence this year. The ‘MOL FSRU Challenger’ has a LNG storage capacity of 263,000 cu m and also has LNG re-shipment and gas transfer capabilities. Her specifications allow for the re-export of LNG and supply of LNG to neighbouring regions to where the vessel is located. In addition to owning and operating the FSRU, MOL announced its decision to participate in an FSRU project in India, reflecting its ongoing strategy to “pursue vertically integrated businesses that are not limited to transportation in the LNG business,” as laid out in its new ‘Rolling Plan 2017’ management plan.

Teekay LNG Partners declares distribution

Teekay GP, the general partner of Teekay LNG Partners, has declared a cash distribution of $0.14 per unit for the quarter ended 30th September, 2017. The cash distribution is payable on 10th November, 2017 to all unitholders of record as at 3rd November, 2017.

Fourth out of six newbuildings enters SINOPEC charter

On 26th September, the LNGC ‘CESI Tianjin’, which was ordered by a joint venture involving MOL, China COSCO Shipping Corp and China Petroleum & Chemical Corporation (SINOPEC), was delivered by Hudong-Zhonghua Shipbuilding. The ‘CESI Tianjin’ is the fourth vessel out of six newbuildings to serve a SINOPEC LNG transport project and will sail under a long-term charter to ship LNG that will be purchased from the Australia Pacific LNG Project. The first vessel, the ‘CESI Gladstone’ was delivered in October, 2016, the second, the ‘CESI Qingdao’ in January, 2017, and the third, the ‘CESI Beihai’, in June this year. The remaining two are due for delivery by 2018.

SHI to delay delivery of two LNGCs

Samsung Heavy Industries (SHI) is believed to be in talks to push back the deliveries of two LNGCs with an undisclosed Asian shipowner. The two ships were ordered in January, 2015 and were originally to be delivered at the end of last month. They were priced at $395 mill in total. SHI said in a regulatory filing that once the new delivery schedule is agreed, it would arrange for the necessary refunding to be carried out resulting from the delay.