In this issue

 

During the fourth quarter of 2015, Teekay LNG Partnership generated lower distributable cash flow of $61.5 mill, compared to $69 mill the same period of 2014.
Indian state-run gas utility GAIL is believed to be trying to reduce the almost $7 bill 11 LNGCs it said it required.
Thursday, 03 March 2016
South Korean construction concern Posco has won a $650 mill engineering, procurement and construction (EPC) contract to build a 180,000 cu m capacity LNG terminal and a 380 MW combined-cycle…
Thursday, 03 March 2016
At last month’s India Maritime Summit 2016, organised by The Shipping Tribune, Ms Sharvani Mishra, Senior Manager-Business Development, Indian Register, spoke on ‘Opportunities in India’s Seaborne LNG Transportation’.
Japan’s Jera is reportedly in talks with other LNG companies to create an alliance of buyers that would account for more than one-third of global trade. 
Teekay LNG Partners is to upgrade one of its newbuilding LNGCs into the company’s first floating storage unit (FSU).
Thursday, 03 March 2016
OceanSaver has been awarded a contract to supply ballast water treatment (BWTS) retrofit installations of its Mark II system, on board five BP Shipping’s LNGCs.
Golar LNG Limited suffered a 4Q15 adjusted operating loss of $31.6 mill, compared to $24.2 mill in the third quarter.
Parker Bestobell Marine, part of Parker Hannifin, has developed a range of high pressure cryogenic valves that are fully approved for use in the marine sector. 
Italian-based energy company Eni has received an approval to construct and install a FLNG with a capacity of around 3.4 mill tonnes per annum at the Coral discovery, offshore Mozambique.
Thursday, 03 March 2016
The five large ethane carriers recently ordered by a Jaccar/Hartmann Reederei (JHW) joint venture will each be fitted with a MAN Diesel & Turbo 6G60ME-GI engine. 
Thursday, 03 March 2016
Mitsui OSK Lines (MOL) trials have indicated that LNGCs engines running on natural gas are compatible with high BN lubricants such as the patented Mobilgard M430, ExxonMobil reported. 
Thursday, 18 February 2016
Last Monday, the much vaunted Royal Dutch Shell’s $53 bill takeover of the BG Group was concluded. 
Thursday, 18 February 2016
Equipment supplier TTS Marine has won an order to supply mooring equipment to six LNGC newbuildings.

News Nudges

Alaska LNG public meetings

The US Federal Energy Regulatory Commission (FERC) has issued a notice stating that public meetings on the environmental impact of the proposed Alaska LNG project will be held in Utqiagvik and Trapper Creek (9th September); Nuiqsut and Houston (10th September); Healy and Nikiski (11th September); and Fairbanks and Anchorage (12th September).


Teekay takes delivery of fourth Arc 7

Named after a famous Soviet sea captain, Teekay recently took delivery of the ‘Vladimir Voronin’, the fourth in the series of six Arc 7 newbuildings. The vessels are being built by Daewoo and the latest delivery was completed under the shipbuilding contract in international waters off the Russian coast. Like her sisterships, she will operate for Yamal LNG export project loading gas at Sabetta.


MOL extends partnership with CSET to cover LNGCs and ethane carriers

On 6th August, 2019, Mitsui OSK Lines (MOL) and COSCO SHIPPING Energy Transportation (CSET), a subsidiary of China COSCO Shipping Corp, signed a MOU to further develops the joint co-operation between the two organisations, for future LNGC and ethane carrier projects. For more than 10 years, MOL and CSET have jointly participated in various ongoing projects, namely the ExxonMobil DES project, Australia Pacific LNG project and the Yamal LNG project.


More LNGCs ordered

Samsung Heavy Industries (SHI) has won an order to build an LNGC for an Asian customer, the company said in a stock exchange filing. According to the builder, the construction contract has a value of around KRW225.5 bill (around $185.8 mill). The new vessel is scheduled for delivery to the undisclosed owner in late October, 2021. This latest contract pushes SHI’s orderbook value to $3.6 bill secured so far this year, almost half of the shipbuilder’s $7.8 mill target for 2019. The orders include 10 LNGCs. This follows Hyundai’s orders recently received from Tsakos for one, option one 174,000 cu m LNGCs valued at $190 mill and another from Capital Gas of a similar size at $186 mill, which was an exercised option. Daewoo (DSME) was also said to have firmed up another option for Maran Gas, bringing the total to 14 on order at the yard for the Angelicoussis controlled company. This total includes an FSRU. One LNGC was delivered to Maran Gas by DSME last month. Brokers have also reported that CSSC Leasing has ordered two 174,000 cu m Arc7 specified LNGCs at Hudong-Zhonghua for 2022 delivery. In addition, a hybrid 9,500 cu m LNG/LEG/LPG carrier was said to have been ordered at Huangpu Wencheng for Tianjin Southwest Maritime for delivery by the end of next year.


Yamal LNG passes 20 mill tonne milestone

This month, Yamal LNG reached 20 mill tonnes of LNG shipped since the commencement of the project. The new Arc7 ‘Vladimir Voronin’ loaded the 273rd cargo passing the 20 mill tonne mark since the start-up of Train 1 in December, 2017. This was the ‘Vladimir Voronin’ first voyage and she was the 12 Arc7 delivered specifically for the Yamal LNG project. Three liquefaction trains are currently in operation at Yamal LNG with cumulative nameplate production capacity of 16.5 mill tonnes per annum. Once train 4 comes on stream, the nameplate capacity will rise to 17.4 mill tonnes per annum.