In this issue

 

Rotterdam-based not for profit organisation Green Award Foundation now has 50 LNGCs certificated in addition to tankers, drybulk carriers and inland waterway barges.

Wednesday, 25 November 2015

Samsung Heavy Industries (SHI) held a keel laying ceremony for Petronas’ second floating liquefaction plant, ‘Petronas Floating LNG2’ (PFLNG2), in Geoje Island, South Korea on 28th October.

Transas has installed a fifth simulator for high-level Dunkirk pilot training.

In a boost to Australian gas loading volumes, BG Group announced this week that commercial operations began from a second train at its Queensland Curtis LNG (QCLNG) plant.

Cryogenic valve specialist, Parker Bestobell Marine, has launched a compact version of its float isolation valve (FLIV).

Iran has reportedly signed preliminary agreements with South Korean, German and Chinese shipbuilders to build LNGCs.

Thursday, 12 November 2015

LNGC freight rates are under pressure from weak Asian demand and a growing fleet.

Thursday, 12 November 2015

Daewoo Shipbuilding & Marine Engineering (DSME) said that it expected demand for LNGC newbuildings to return next year.

Cheniere Energy's Sabine Pass LNG export facility in Louisiana is due to welcome its first vessel on 12th January, next year.

Newcomer Saga LNG Shipping has signed a contract with China Merchants Heavy Industry to build a 45,000 cu m LNGC, plus an option for another. The vessel will be fitted with a new containment system.

Thursday, 12 November 2015

Houston-based class society ABS has granted Approval in Principle (AIP) to Troy, Mich, based Altair for its Cubic Donut Tank System (CDTS) LNG containment concept.

Dynagas LNG Partners LP has reported net income for the three and nine months ended 30th September, 2015 of $16 mill and $45.2 mill, respectively, an increase of 14.6% and 28.3%, respectively, over the same periods in 2014.

GasLog Partners LP reported an EBIDTA of $37.25 mill and an adjusted EBITDA of $37.31 mill for the third quarter of this year, compared with $23.5 mill in 2Q15.

During the third quarter of 2015, Teekay LNG Partners generated distributable cash flow of $61.1 mill, compared to $64.2 mill in 3Q14.

News Nudges

Burckhardt appoints Dübi to lead services division

Burckhardt Compression Holding has appointed Rainer Dübi as President of the Services Division and a member of the Executive Board. He replaced Martin Wendel on 15th February, 2019. Wendel, has held this position since September, 2016. Dübi has been with Burckhardt Compression since 2003 and is highly familiar with the company's reciprocating compressor manufacturing and services business. He served as the Head of Design and Manufacturing since 2012 and is a member of the Systems Division management team. Wendel will leave the company at the end of August, 2019.


FERC reopens EIS comment periods

The US Federal Energy Regulatory Commission (FERC) has issued at least three notices recently, regarding proposed US export terminals, following the Government department shut down. One said it was reopening, until 25th February, the period within which to submit comments regarding the draft Gulf LNG Energy LLC environmental impact statement (EIS), the same date as the draft Eagle LNG Partners Jacksonville LLC EIS comments are needed. Another confirmed the reopening, until 13th March, the period within which to submit comments regarding the draft Annova LNG Brownsville LLC EIS.


Yamal reaches milestone

Yamal LNG has shipped 10 mill tonnes of LNG since production began in December, 2017, according to a Reuters report. It said the 136th cargo was loaded on the Arc7 ‘Vladimir Vize’.


Newbuildings, deliveries and deletions

GasLog has confirmed it had placed an order for two 180,000 cu m LNGCs thought to be valued at $189 mill each at Samsung on the back of seven year charters to Cheniere. Elsewhere, Daewoo has said that it had received an order from Maran Gas for another 174,000 cu m LNGC for delivery in the first half of 2021. However, some sources indicated that this contract could be a conversion of a previously ordered FSRU for the Angelicoussis Group company. Believed to be leaving the fleet is the 1980-built Sonatrach operated LNGC ‘Mourad Didoude’ , which has been reported sold to Bangladesh recyclers. On 15th February, Kawasaki Heavy Industries handed over the ‘Shinshu Maru’ to Trans Pacific Shipping 7 Limited, a joint venture between JERA and Nippon Yusen Kabushiki Kaisha (NYK Line). She is the second of Kawasaki's series of 177,000 cu m capacity MOSS-type LNGCs to be commissioned. She has been designed to transit the newly expanded Panama Canal.


Oman Trading delivers first Bangladesh cargo

Oman Trading International (OTI), the trading arm of state-owned Oman Oil Co, was to deliver its first LNG to Bangladesh last week, according to a report by S&P Global Platts. Under an SPA, signed on 13th May, 2018, OTI agreed to supply a base volume of 1 mill tonnes per year, following the completion of the first two LNG import terminals, currently being constructed in Bangladesh. The deliveries were originally due to commence in May, 2019. However, the LNGC ‘Cape Ann’, loaded with 136,000 cu m of Nigerian LNG, was expected to reach Bangaldesh’s floating LNG terminal at Moheshkhali Island last week, said S&P Global Platts.


IOC buys Ennore commissioning cargo

Indian Oil Corp (IOC) has bought an LNG commissioning cargo for its new Ennore terminal in south India, according to industry sources talking with Reuters. State-owned IOC was believed to have purchased a partial LNG cargo for delivery on 25th February from commodities trader Gunvor. It bought the cargo at about $9.50-9.90 per mill British thermal units, one source told Reuters.