In this issue

 

Three times last year, Qatargas successfully delivered a Q-Flex LNG cargo for multiple port discharge for a single customer.
Thursday, 07 January 2016
Hyundai Heavy Industries (HHI) has been selected as preferred bidder to build a series of LNGCs for South Korean energy concern SK E&S.
Dynagas LNG Partners has purchased 100% of the ownership interests of the ‘Lena River’, a 2013 built 155,000 cu m ice class LNGC, from Dynagas Holding.
Iranian broadcaster Press-TV has reported that the country has reached a final agreement with a French company for the development of a small FLNG project.
Thursday, 07 January 2016
COSCO and China Shipping Corp have revealed details of their merger plans.
Thursday, 07 January 2016
Svitzer Australia has won a 10-year contract to provide towage and other marine services to the INPEX-operated Ichthys LNG project in Darwin.
Daewoo (DSME) has contracted Wärtsilä to supply combined inert gas generators and gas combustion units for 17 new LNGCs under construction at the company's yards.
Thursday, 07 January 2016
Daewoo (DSME) has completed the trials of what is claimed to be the world’s first LNGC propelled by directly sprayed natural gas.
Thursday, 07 January 2016
ABB Turbocharging is to service Dynagas turbochargers across its entire LNGC fleet.
Thursday, 07 January 2016
Mitsui OSK Lines (MOL) has announced that the naming ceremony for a newbuilding LNGC for Osaka Gas Co and Kyushu Power Co was held at Mitsubishi Heavy Industry’s Nagasaki Shipyard…
Thursday, 10 December 2015
BIMCO is preparing its new LNGVOY voyage charter party for publication by the end of this year.
Jordan’s National Electric Power Company (NEPCO) expects to source around 20% of its gas needs from the spot LNG market in 2016/17.
Sembcorp Marine has claimed a new industry record for the highest number of LNGC repair and upgrade projects in a year.
Thursday, 10 December 2015
Golar LNG Limited suffered an operating loss of $24.2 mill in the third quarter of this year, compared to $43.4 mill in the previous quarter.

News Nudges

Awilco refinances LNGCs

Awilco LNG has signed a term sheet for the refinancing of the two 2013-built 156,000 cu m TFDEs ‘WilForce’ and ‘WilPride’. This was agreed and signed with a major leasing company based in Asia, as a sale and leaseback deal, similar to the current financing of both vessels. This enables a full take out of the existing sale/leaseback facilities maturing on 31st December this year on favourable terms. The new facility is expected to close in 4Q19 and is subject to final credit approval, documentation and customary closing conditions.


First Q-Max berths at Zeebrugge

Towards the end of last month, Zeebrugge received its first Q-Max LNGC. The Qatargas cargo, which was loaded at the Ras Laffan on 22nd June, arrived on board‘Al Dafna’ on 22nd July. It was another multi-terminal delivery from Qatargas, bringing the total number of multi-port calls undertaken by the company to eight thus far this year. ‘Al Dafna’s first LNG parcel was discharged at Zeebrugge, while the second was received at Milford Haven’s South Hook LNG terminal in the UK.


Hengtong to enter small-scale LNGC market

It has been reported that Chinese-based Hengtong Logistics has signed a framework agreement with CIMC Raffles to develop medium and small scale LNGCs and gas bunkering vessels. Under the agreement, Hengtong Logistics has chosen CIMC Raffles to become the preferred EPC contractor for the newbuilding LNGCs, as the company looks to expand into the LNG shipping and LNG bunkering sector. In addition, Hengtong is to issue convertible bonds to raise RMB300 mill to build a 7,500 cu m LNG bunkering vessel, local reports said.


GasLog receives ‘GasLog Warsaw’

GasLog took delivery of its latest newbuilding, the 180,000 cu m ‘GasLog Warsaw’, from SHI on 31st July. She is the first of eight of this type to be delivered to the company by SHI. The 297 m long Mark III Flex + fitted LNGC has a 0.07% boil off rate and a reliquefaction plant. She is powered by low pressure dual fuel 2-stroke X-DF engine. Upon her delivery, ‘GasLog Warsaw’ commenced a short term period charter with a wholly-owned subsidiary of Cheniere Energy, which will run until her long-term charter with an Endesa subsidiary starts in May, 2021.


Israel may get FLNG

According to a Reuters report, Noble Energy and Delek Drilling, the partners in the Leviathan field offshore Israel, said that they are considering building an FLNG facility for gas exports. The partners claimed that they signed agreements with Golar LNG and Exmar to provide plans for an FLNG to liquefy around 2.4-2.5 mill tonnes per year. "Liquefying the natural gas from Leviathan will enable us to transport it worldwide, thus reaching new export markets, mainly in Europe and in Asia," Delek Drilling CEO, Yossi Abu, told Reuters.