NYK and Pertamina in LNG shipping tie-up
NYK and PT Pertamina International Shipping (PIS), a wholly owned subsidiary of PT Pertamina (Persero), the Indonesian state-owned oil and gas company, have signed a memorandum of understanding (MoU) for energy transportation. Energy transportation demand, especially in LNG, is expected to increase in Indonesia. This agreement covers ownership and management, while both companies have started discussions concerning a joint business, particularly involving the ownership and management of LNGCs as exclusive partners.
First LNGC fitted with fuel saving device delivered
Daewoo Shipbuilding & Marine Engineering (DSME) has delivered an LNGC fitted with its air lubrication system (ALS). Delivered to Maran Gas Maritime, this was the first LNGC to be fitted with a DSME ALS. DSME claimed that compared to existing LNGCs, the new vessel installed with an ALS can save more than 5% of fuel. Maran Gas confirmed the fuel savings during trials in October and asked DSME to apply the technology to its next vessel, the shipbuilder said.
Cove Point loads 100th LNGC
Dominion Energy’s Cove Point LNG Terminal loaded its 100th commercial LNGC on 11th November just 19 months after the facility opened. Located in Lusby, Maryland, the Cove Point LNG Terminal became the US’ second largest LNG export facility and the first on the East Coast, when it entered commercial operation on 9th April, 2018. Cove Point produces LNG under 20-year contracts for ST Cove Point, a joint venture of Sumitomo Corp and Tokyo Gas, and for Gail Global (US) LNG, the US affiliate of GAIL (India).
SHI wins conditional LNGC contract
Samsung Heavy Industries (SHI) has reportedly won a conditional order from an unidentified Eurasian client to build an LNGC. The vessel is due to be delivered in September, 2022, SHI said in a regulatory filing, adding that details would not be disclosed in agreement with the client. "This contract is conditional, so if the contract is confirmed or changed, we will re-disclose details," the shipbuilder said in a statement.
Golar LNG in sale and leaseback deal
A Golar LNG subsidiary has signed a sale and leaseback deal with CSSC Shipping, the financial leasing unit of China State Shipbuilding Corp, for one of its 140,000 cu m LNGCs. CSSC Shipping will purchase the vessel for $147 mill and charter her back to Golar LNG for $159.65 mill over a 36-month charter period. She is to be converted into an FSRU and delivery is scheduled for March next year.