LNG and LPG carrier owner and operator, Exmar reported an overall consolidated result after tax of $35.8 mill for 2016, compared to $11.2 mill recorded the year before.
Fluor has entered into a co-operation agreement with HiLoad LNG, a subsidiary of Sevan Marine, aimed at global projects that could use HiLoad’s floating regasification dock (FRD) LNG technology.
Babcock’s LGE Process received an ‘Approval in Principle’ (AiP) from Lloyd’s Register at this year’s Gastech 2017.
Lloyd’s Register and Hyundai Heavy Industries (HHI signed a joint development project (JDP) at Gastech to commence an approval in principal (AiP) for a barge mounted power plant, the patented Hi-Floating Power.
Also at Gastech 2017, DSME and class society DNV GL presented the results of a joint development project (JDP) for a new LNGC design.
Damen Shiprepair Brest (DSBr) has completed a renewal survey maintenance programme on the LNGC ‘Gaselys’.
Shanghai-based Wison Offshore & Marine (Wison) has unveiled a multi-functional LNGC design.
Class society ClassNK has released its Guidelines for Liquefied Hydrogen (LH2) Carriers, based on provisions of the IMO interim recommendations.
Class society ABS has published the ’Guide for Building and Classing LNG Regasification Vessels’.
Hoegh LNG currently has a revenue back log of $6.2 bill, President and CEO, Sveinung Støhle, told LNG Shipping News at a presentation in Oslo earlier this week.
Daewoo Shipbuilding & Marine Engineering has officially handed over the first of the Yamal LNG 173,600 cu m Arc7 LNGCs to Sovcomflot.
At the end of 2016, the LNGC fleet over 100,000 cum consisted of 440 vessels, of which 40 vessels were handed over last year.
Golar LNG Partners has signed a timecharter contract covering up to nine years with a major international oil and gas company for one of its steam powered LNGCs - ‘Golar Grand’.
GasLog Partners is to purchase 100% of the shares in the entity that owns and charters ‘GasLog Greece’ from GasLog Ltd.
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.