In this issue

 

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…
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…
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.
Thursday, 12 November 2015
Eniram has released Eniram Engine, a new software tool to help guide triple-fuel diesel-electric (TFDE) LNGC engineers and officers use engines and fuel most efficiently.
Thursday, 12 November 2015
In a review of the third quarter 2015 results, Exmar said that the LNG fleet contributed $9 mill to the operating result (EBIT) during 3Q15, compared to $8.5 mill for…
Thursday, 12 November 2015
The joint venture group FSP LNG is taking its flat panel semi-membrane prismatic Type B containment system through general design approval (GDA) with ABS and forecast that the construction of…
Shipping, logistics and marine services provider GAC Group has highlighted the growing importance for LNG shipowners and operators of working with ship agents with specialist expertise and capabilities.
Thursday, 12 November 2015
GTT has launched LNG Advisor - a new boil-off gas (BOG) monitoring system to be used on LNGCs while at sea.
Korea Gas Corp (KOGAS) said it received its first cargo containing 60,000 tonnes of LNG, from the GLNG project in Gladstone.

News Nudges

TEN extends LNGC charter

TEN Ltd has extended the charter of an LNGC for a minimum one, maximum three, year period. A new increased rate is due to start in the first quarter of 2020 and expected to generate around $30 mill of gross revenues. “We are delighted to continue the employment of our LNGC to one of the industry’s top names which highlights TEN’s operational capabilities in this highly demanding sector,” George Saroglou, TEN COO, said. “The LNG sector continues to be an area of increasing interest to us and the recent newbuilding order is a testament to that. TEN’s diversified fleet of crude, product, shuttle tankers and LNG carriers, provides management with the flexibility to choose the most accretive business in each segment, in today’s strong tanker market environment,” he added, without giving details of the vessel or charterer.


Adriatic LNG offers peak shaving service

Adriatic LNG has tendered for next winter’s peak shaving service to supply one LNG cargo of between 60,000 and 70,000 cu m. The tender will close on 17th December and LNG will have to be unloaded at the terminal in one of the available unloading slots in January and February. This move is aimed at making available to SNAM Rete Gas, in the first quarter of 2020, previously stored gas, in the form of LNG, in order to meet possible peaks in demand during wintertime.


More newbuildings reported

Brokers reports have indicated that the recently reported Samsung LNGC order was for five 170,000 cu m Arc7s at around $300 mill each for Russian interests. To be delivered in 2022, they will be built by Zvedza Shipbuilding under a joint venture agreement with Samsung, which will design the vessels. Elsewhere, Maran Gas was said to have ordered a seventh 174,000 cu m LNGC this year at Daewoo. She is due to be delivered in the first quarter of 2022. In addition, Hyundai Samho Heavy Industries (HSHI) has won a contract to construct a 174,000 cu m LNGC for H-Line, the second gas carrier ordered by the South Korean concern this year. The contract was said to be worth KRW226.8 bill ($190.5 mill) and the newbuilding is expected to be handed over by 15th June, 2022, HSHI said in a stock exchange filing on 6th December. In the small-scale segment, Korea Line has ordered one, option one, 18,000 cu m small-scale/bunkering vessel from Hyundai Mipo Dockyard. Estimated to cost $61.3 mill, she is due for delivery in 2022 and will be chartered to Shell. In addition, Titan LNG has contracted Norwegian shipbroker Fearnleys to run the tender process for a new 8,000 cu m LNG bunker barge. The technical and economic feasibility assessment was finalised by the company’s newbuilding team.


New loading arm guidance to be published

OCIMF’s ‘Design and Construction Specification for Marine Loading Arms, Fourth Edition’ is due out out 13th December. This publication provides guidance to owners and vendors on designing and procuring marine loading arms (MLAs). It serves as a definitive guide to MLA construction and specification, covering topics, such as applications, variability, operating envelopes, products transferred, servicing, manifold spacing, jetty and piping layouts and arm styles. It also includes guidance for LNG MLAs to supplement the ISO standard. With the publication of this edition, the third edition will be superseded and removed from distribution, OCIMF said.


First Yamal cargo shipped to Bangladesh

Yamal LNG has shipped the first LNG cargo to Bangladesh in accordance with the long-term offtake agreement with TOTAL. Yamal operator NOVATEK said that the cargo was delivered via the Suez Canal through transhipment from the Arc7 ‘Eduard Toll’ to a conventional LNGC undertaken at Zeebrugge. The LNG cargo was unloaded at the Summit LNG Terminal in Bangladesh in accordance with the buyers lifting and delivery schedule. “LNG demand is constantly growing all over the world with new consumer countries appearing. Bangladesh started importing LNG just a year ago with the launch of the country’s first LNG terminal, and it has rapidly increased natural gas consumption as well as regasification capacities,” said Lev Feodosyev, NOVATEK’s First Deputy Chairman of the Management Board.


Petronas names second FLNG

State-owned Malaysian oil and gas company Petronas has named its second FLNG, ‘PFLNG Dua’, in a ceremony in Geoje, South Korea. The FLNG is designed to extract gas from deepwater reservoirs in depths up to 1,500 m. With ‘PFLNG Dua’, Petronas now owns and operates two FLNGs, following the ‘PFLNG Sat’, which has been in operation since 2017. The second PFLNG was delivered to Petronas by its partners, JGC Corp and Samsung Heavy Industries, the consortium responsible for the engineering, procurement, construction, installation and commissioning of the unit. The 393 m long PFLNG is on schedule for completion and sail away in February, 2020, after its construction started in 2015. Once in service, it will be moored over the Rotan gas field, at a water depth of 1,300 m, located 140 km offshore Kota Kinabalu, Malaysia. “The development of ‘PFLNG Dua’ is a step forward in providing a new supply source of clean energy and in realising our shared aspiration for a low carbon future,” Tan Sri Wan Zulkiflee Wan Ariffin, Petronas President and Group CEO, said.


Yamal LNG’s Arc7 fleet complete

The last of Yamal LNG’s Arc7s, ‘Yakov Gakkel’, was reported to be in Ob Bay in early December waiting to berth at Sabetta. She left the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard yard in early November. With her delivery, all 15 Arc7 LNGCs are now in service. ‘Yakok Gakkel’ is owned and operated by Teekay. According to NOVATEK, up to the end of November, Yamal LNG had produced 16,5 mill tonnes of LNG.


Qatargas in milestone Indian shipment

Qatargas has delivered the 2,000th LNG cargo to India. It was shipped on the 155,000 cu m 'Aseem,' and was loaded at Ras Laffan on 17th November and delivered to Petronet’s Dahej LNG terminal. Qatargas had signed a 25-years long term Free On Board (FOB) Sale and Purchase Agreement (SPA) with Petronet, loading around 116 cargoes per a year to India under the agreement in addition to supplying large volumes into the short term and spot markets.