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.