In this issue

 

LNG membrane tank containment specialist, GTT has won another two orders and signed a service agreement with a major owner. 

Thursday, 16 February 2017

Singtel completed the installation of Inmarsat’s Fleet Xpress (FX) on board Hyproc Shipping Co’s newly delivered LNGC, ‘Tessala’ at the end of December, 2016. 

Thursday, 16 February 2017

French shiprepairer CNM and LNG membrane technology specialist Europe Technologies (ET) are to offer a complete solution for LNG membrane cargo tank repair services for LNGCs, FSRUs and in the future, for vessels fitted with membrane tanks for LNG fuel. 

Thursday, 16 February 2017

Swiss commodity trader Trafigura plans to reopen an LNG import terminal at Teesport, Teesside, Northeast UK. 

Thursday, 16 February 2017

Training provider Marine Catering Training Consultancy (MCTC) has signed a two-year contract with EXMAR Ship Management to provide crew training on board 34 gas carriers. 

Thursday, 02 February 2017

GasLog Partners reported its highest ever quarterly revenue, profit, adjusted profit, EBIDTA and distributable cash flow for the fourth quarter of last year. 

Thursday, 02 February 2017

Teekay LNG Partners has issued NOK300 mill (about $35 mill) worth of new senior unsecured bonds. 

This was achieved through an add-on to its existing Norwegian bond issue, due in October, 2021. 

Thursday, 02 February 2017

Höegh LNG successfully completed a new senior unsecured bond issue of NOK1,500 mill in the Nordic bond market with maturity date 1st February, 2022, a couple of weeks ago. 

Croatia’s floating LNG terminal located in the northern Adriatic will take a year longer to complete, Energy and Environment Minister Slaven Dobrovic told a recent energy conference. 

Thursday, 02 February 2017

With a significant increase in LNG supply and a growing number of new import centres expected, GasLog's demand outlook for LNGCs with long-term charters remained positive. 

Thursday, 02 February 2017

This will be a tough year for LNGC shipowners, as rates are expected to remain under pressure, according to the latest edition of ‘LNG Forecaster’ published by consultancy Drewry. 

Thursday, 02 February 2017

MISC Berhad has taken delivery the LNGC, ‘Seri Cenderawasih’.

The 150,200 cu m LNGC is the second of five new ‘Seri C’ class Moss-type gas carriers ordered from Hyundai Heavy Industries.

Hyundai and Samsung have won a patent suit against Daewoo.

This makes DSME’s patent over a technology that re-liquefies LNG null and void. 

Thursday, 02 February 2017

RasGas has delivered its first LNG cargo to EDF’s Dunkerque LNG regasification terminal in France, under a sales and purchase agreement (SPA). 

News Nudges

Applications to export US LNG

The US Department of Energy (DoE) has received two applications to export LNG. One application was received from Freeport LNG Development for authorisation to export previously imported LNG on a short-term basis. The second application concerned Dominion Cove Point LNG, who asked for authorisation to export previously imported LNG on a short-term basis. Comments must be received by 12th May, the DoE said.


Three elderly LNGCs sold

Broking sources have reported the sale of 1978-1979- built LNGCs ‘LNG Leo’, ‘LNG Gemini’ and ‘LNG Virgo’, to Sinokor. They are of 126,750 cu m capacity and are fitted with GE turbines. No price indication was given.


Höegh takes delivery of another FSRU

Höegh LNG took delivery of its latest FSRU newbuilding, the 170,000 cu m ’Höegh Giant’, on 27th April. The FSRU was built by the South Korean shipbuilder, Hyundai Heavy Industries and will be moored at the Tema LNG Project in Ghana under a 20-year charter contract with Quantum Power (QP), who also has a further five year option period. Start-up is expected in the middle of next year. Höegh LNG has three more FSRUs under construction, which are scheduled for delivery in the first and fourth quarters of 2018, and the second quarter of 2019, respectively. “We have 10 FSRUs in operation or under construction, and intend to continue growing by winning more contracts and adding to our newbuilding programme, while seamlessly starting up commercial operations in new locations. Our ambition is to remain the market leader in the FSRU industry,” Sveinung Støhle, President and CEO, said.


GasLog extends charter - drops down another LNGC

On 28th April, 2017, GasLog signed an amendment to the ‘GasLog Skagen’ seasonal timecharter agreement, by which the seasonal charter was replaced by a continuous timecharter for 2.4 years, due to end in August, 2019. The amended charter will cover the same number of fixed days as the previous seasonal charter and will eliminate redelivery risks at the beginning and end of each seasonal period. In addition, the amended charter will provide assurance of revenue through August, 2019. In addition, GasLog has confirmed that GasLog Partners has completed the acquisition of 100% of the shares in the entity that owns and charters the 174,000 cu m, tri-fuel LNGC ‘GasLog Greece’. She has been operated by GasLog since her delivery in 2016 and is currently on a long-term timecharter with a wholly owned subsidiary of Royal Dutch Shell through March, 2026. Shell has the option to extend this charter by an additional five years.