In this issue

 

LNGC owners and operators have been warned about forthcoming changes in the use of refrigerants on board.
Thursday, 26 May 2016
Malaysian oil giant PETRONAS has selected Jotun’s hull performance solutions (HPS) antifouling system for two LNGCs chartered in from subsidiary MISC.
Thursday, 26 May 2016
BMT Asia Pacific (BMT), a subsidiary of BMT Group, has been appointed owners engineer and lead design consultant by Endeavor Energy.
Thursday, 26 May 2016
There will be an estimated shortfall of 147,500 officers by 2025, according to the latest five-year BIMCO/ICS Manpower Report.
Daewoo Shipbuilding & Marine Engineering (DSME) has developed a cargo containment system - DSC16.
LNG vessel shipowners will have to wait until 2018 for earnings to improve, a recent report said.
Samsung has launched the hull of PETRONAS second FLNG - PETRONAS Floating LNG2 (PFLNG2).
Thursday, 12 May 2016
Golar has reacted to what it sees as LNG shipping’s rapid transformation by changing its top management with immediate effect.
Thursday, 12 May 2016
During the revamp of the US National Defense Authorisation Act, the House Armed Services Committee voted to include language that will facilitate the shipment of US LNG to Europe and…
China's largest LNG importer CNOOC has started to build two storage tanks at a receiving terminal in Fujian province, the official Xinhua news agency recently reported.
Mitsui OSK Lines (MOL) has teamed up with PT Pelindo Energi Logistik (PEL) to launch a joint operation involving the 2000-built 23,000 cu m LNGC ‘Triputra’.
Thursday, 12 May 2016
GasLog and its subsidiaries reported a loss of $5.3 mill for the first quarter of this year, compared with a $13.9 mill profit 1Q15.
Meanwhile, sister company GasLog Partners has declared cash distribution of $0.478 per unit for 1Q16, 10% higher than 1Q15 and unchanged from 4Q15.
At GasLog Limited’s First Quarter 2016 results conference call, CEO Paul Wogan said that LNG shipping markets remain challenging.

News Nudges

PV Gas - first LNG cargo next year

Vietnam's state-controlled PV Gas plans to import its first LNG cargo in 2022. Construction of its first 1 mill tonnes per year import terminal is well under way, the company claimed. PV Gas began construction of the terminal at Ba Ria-Vung Tau province in October, 2019. Currently, 90% of the work has been completed. The company added that it intends to start operations at the terminal by the third quarter of 2022. Associated projects are also in progress, PV Gas said. PV Gas said that it had signed six LNG master sale and purchase agreements (SPAs) with foreign suppliers, without providing details.


GTT orders keep coming

GTT has received yet another order from Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of a new LNGC building on behalf of an Asian shipowner. The company will provide the design and associated engineering services for the 174,000 cu m vessel’s tanks, which will be fitted with a NO96 GW membrane containment system. The vessel will be delivered in the second half of 2024. GTT has also been chosen by Hyundai Samho Heavy Industries (HSHI) to equip two LNG fuelled container vessels with its membrane containment technology. The two 15,600 TEU vessels will be fitted with LNG tanks, each holding up to 12,800 cu m of LNG as fuel. Each tank will be fitted with the Mark III Flex membrane containment technology. GTT will also assist the operator through each step of the first LNG-fuelled project: commissioning of the LNG tank, first LNG bunkering operations, as well as further specific LNG operations and maintenance of the vessels. Crew training will be provided, supported by GTT’s proprietary G-Sim training simulator, which replicates the future LNG operations of the vessels. GTT will also offer its patented HEARS emergency response service with 24/7 technical assistance. In addition, GTT will install its GTT Digital platform, a ‘smart shipping’ solution to monitor and optimise the operational performance of the vessels and further reduce their energy consumption and environmental footprint. Vessels deliveries are scheduled for between the fourth quarter of 2023 and the second quarter of 2024.


McDermott wins Woodfibre contract

McDermott International has been awarded the engineering, procurement, fabrication, and construction (EPFC) contract for Woodfibre LNG’s planned export facility. This contract is an important step in producing detailed engineering and construction scheduling work in advance of the British Columbia LNG developer issuing a notice to proceed, the company said. By harnessing the low-carbon gas resources of British Columbia's Montney region to replace Asian coal-fired energy sources, Woodfibre LNG will reduce global emissions by 3.5 mill tonnes CO2e per annum. Woodfibre has already signed two offtake agreements with BP, which means that over 70% of its annual throughput has been sold. McDermott's NetZero Modular LNG strategy was fully utilized during the development of the onshore gas processing and liquefaction facility with floating storage capacity to be located near Squamish, British Columbia, Canada. In addition to the EPFC work, McDermott will be responsible for commissioning and start-up services. Pre-installation work for the project is planned for early 2022 and will gradually ramp up to September, 2023, when major construction is targeted to begin. Major works will continue through to substantial completion, expected in 3Q27.


Supply disruptions

Chevron has closed one of its three trains, at the Gorgon LNG plant off Western Australia after discovering a minor gas leak last week. "Train 1 was shut down due to a small gas leak," a Chevron spokesperson told newswires, adding that it was too early to tell how long the unit would be down. "We are preparing plans for investigation and repairs." The leak was detected on piping associated with the dehydration unit on Train 1 and the unit was shut down as a precautionary measure, he said. Trains 2 and 3 at the plant are operating normally, Chevron said. Chevron's other Australian LNG operation, the 8.9 mill tonnes per year Wheatstone plant, recently completed maintenance and has both of its trains back in operation. Also reported to be suffering problems are the Indonesian terminals at Tangguh and Bontang. According to local sources, supply disruptions are occurring, due to upstream issues and declining feedgas for both the BP-operated Tangguh LNG in the Papua province and national oil company Pertamina's Bontang LNG in East Kalimantan province. Most of the LNG cargoes impacted are from Bontang LNG, estimated at around two to three cargoes for the remainder of 2021 and up to seven in the first half of 2022, while around three Tangguh cargoes are at risk of deferrals for 2021, sources said.


Repsol completes Canaport acquisition

Spanish energy group Repsol has completed the acquisition of 100% ownership of the Canaport LNG terminal from Irving Oil. Repsol has been operating the terminal, to be renamed Saint John LNG, since the facility opened in 2009. The terminal will continue to serve Repsol´s customers in Atlantic Canada and the US Northeast, while seeking future developments aligned with its strategy to achieve zero net emissions by 2050, the company said.


Ships-New orders and deliveries

Daewoo Shipbuilding (DSME) has signed a Won486.7 bill contract to build two LNGCs, plus two options. Both 174,000 cu m vessels will be delivered to Maran Gas Maritime (MGM), part of the Angelicoussis Group, in 2024, the shipbuilder confirmed. Elsewhere, holding company Purus Marine is acquire two 180,000 cu m LNGCs. They are due to be delivered in the third quarter of 2024 and go directly on charter to an energy major. The vessels were acquired in a partnership with Celsius, who will provide technical and commercial services for the vessels. Celsius Tankers had ordered the the two LNGCs from Samsung Heavy Industries (SHI). Celsius claimed that the new vessels’ highly efficient design will minimise CO2 emissions and methane slip from the installation of air lubrication technology, hull shape optimisation and the use of an efficient coatings system to reduce the vessels’ friction in water. They will be built to Lloyds’ Register class notation ‘EEDI-3’ meeting IMO requirements for ships built after 2025 for 30% more energy efficiency and will be fitted with ME-GA propulsion units. Hudong-Zhonghua has reportedly delivered its second FSRU to Dynagas. ‘FSRU Transgas Force’ joined her sister ‘FSRU Transgas Power’. The ABS classed vessels have a capacity of 174,000 cu m each. Capital Product Partners (CPLP) has announced the deliveries of the LNGCs ‘Attalos’ and ‘Asklipios’. Acting on the exercising of an option to acquire three LNGCs from CGC Operating Corp announced on 4th November, 2021, on 18th November, CPLP took delivery of the 174,000 cu m, X-DF fitted LNGCs built this year at Hyundai Heavy Industries. They were acquired for a total of $403 mill, comprised of $107.1 mill of cash at hand and the assumption of $295.9 mill of debt.