In this issue


Thursday, 08 June 2017

More than 100 Kongsberg Information Management Systems (K-IMS) have been installed in the LNGC sector. 

A Stolt-Nielsen subsidiary, Stolt-Nielsen Gas (SNG), has ordered two 7,500 cu m LNGCs, with options to purchase three more, at Keppel Singmarine.

Technology group Wärtsilä and Maran Gas Maritime (MGM) have extended their current co-operation with a five-year maintenance agreement. 

Alfa Laval subsidiary, Framo, has signed a contract with Höegh LNG to deliver  pumping systems to a new FSRU. 

DNV GL and Samsung Heavy Industries (SHI) have signed a joint development project (JDP) agreement to produce new LNGC designs. 

GasLog Partners is to purchase 100% of the shares in the entity that owns and charters ‘GasLog Geneva’ from GasLog Ltd. 

In the second quarter of 2017, ‘Höegh Gallant’ is due to be offhire for eight days for scheduled maintenance, Höegh LNG Partners said in its first quarter results roundup. 

On the back of global LNG trade growth, shipping activity has picked up, illustrated by many spot and term tenders continuing to circulate on the market, a leading broking house claimed. 

The Port of Fujairah is aiming to introduce LNG ship-to-ship transfers, trading and operations, according to a report by Platts. 

Teekay LNG Partners has reported GAAP net income attributable to the partners and preferred unitholders of $29.1 mill and adjusted net income of $21.1 mill for the first quarter of 2017. 

Thursday, 25 May 2017

GAC Qatar has set up an office at the world’s largest LNG export port - Ras Laffan.

On 15th May, Pétrolia Inc entered into a definitive agreement by which the company will merge with Pieridae to form a new entity to be named Pieridae Energy Limited (Amalco). 

Koch Supply & Trading (KS&T) has completed the first of a series of ship-to-ship (STS) LNG transfers with private Chinese company JOVO and Malaysian shipowner MISC. 

Awilco LNG has agreed a comprehensive refinancing package to strengthen its balance sheet. 

News Nudges

DSME to postpone LNGC deliveries

According to a South Korean stock exchange filing, Daewoo said it was close to postponing the deliveries of two LNGCs ordered by European interests. The vessels were originally due to be handed over by the end of this year.

Traders short listed for two import terminals

Bangladesh has short listed commodity traders Trafigura and Gunvor to arrange the installation of two FLNG import terminals in 2018. “Trafigura and Gunvor have been short listed out of 13 companies for two 200 mill cu ft per day LNG import terminals,” a director at state-run energy firm Petrobangla’s LNG division told Reuters. Petrobangla will hold talks with the companies and deals will then be finalised, he added. It was believed Bangladesh needs the terminals to be in place in 2018, the newswire said. Gunvor will use an FSRU barge provided by EXMAR, which will fit the shallow water conditions at Chittagong in southeastern Bangladesh where both terminals will be located, sources told Reuters.

GAIL takes LNGC for three years

Indian state-owned energy company GAIL is believed to be close to chartering a TOTAL operated, Teekay owned, LNGC. The charter was thought to be for three years and the vessel will be used to ship LNG from the US beginning January, 2018.