In this issue

 

Thursday, 12 November 2020
GasLog Ltd. and its subsidiaries reported revenues of $156.7 mill for the third quarter of 2020, compared with $165.6 mill for 3Q19.
Thursday, 12 November 2020
Gaztransport & Technigaz (GTT) revenues for the first nine months of 2020 has benefited from the flow of orders over the last two years.
Free ReadWärtsilä has been awarded a five year optimised maintenance agreement covering the main engines for two new 174,000 cu m LNGCs managed by Greek-based Thenamaris LNG. The vessels, ‘Cool Discoverer’…
Thursday, 12 November 2020
The Gate terminal regasification plant, located at the Maasvlakte, Rotterdam, has signed a contract with Spanish engineering group, SENER to provide engineering, procurement and construction management (EPCM) services.
Bernhard Schulte Shipmanagement (BSM) has received DNV GL class approval to offer liquefied cargo operations (LICOS) training course remotely through its Limassol Maritime Training Centre (MTC).
Thursday, 12 November 2020
Daewoo Shipbuilding and Marine Engineering (DSME) has contracted TMC Compressors (TMC) to supply the marine compressed air system for two LNGCs under construction for BW LNG.
Thursday, 12 November 2020
Free ReadSingapore-based shipping group, Synergy, has successfully converted a 1992-built, 126,000 cu m LNGC into an FSU. The FSU, which has a projected lifespan of 15 years, was delivered to its…
HudsonAnalytix subsidiary, HudsonCyber has signed an agreement with ‘K’ Line LNG Shipping (UK) to implement its cyber assessment and training suite (CATS) and cyber risk management support services.
Thursday, 12 November 2020
Tokyo-based Classification Society ClassNK has released its ‘Guidelines for Liquefied Gas Carrier Structures – Membrane System’.
Free ReadAsian spot LNG prices jumped to their highest in more than 20 months last week on increased buying ahead of a forecast colder winter. The average December LNG price delivery…
Thursday, 29 October 2020
The 2003-built LNGC ‘Methane Princess’ was reportedly boarded by pirates on 17th October.
Thursday, 29 October 2020
OLT Offshore LNG Toscana has been authorised to discharge LNG into small scale LNGCs.
Free ReadMost Australian LNG project operators have opted to delay their final investment decisions (FIDs), deciding to wait for the medium-term market reaction and then act accordingly. This has limited the…
Thursday, 29 October 2020
On 28th October, 2020, SCF Group (SCF) and Arctic LNG 2 concluded 30-year time charter agreements for three new icebreaking LNGCs

News Nudges

Sakhalin shuts production platform

Russian LNG producer Sakhalin Energy has halted the Piltun-Astokhskaya-B (PA-B) offshore oil and gas production platform for a month’s planned annual maintenance. The PA-B platform is the first to close this year for planned maintenance among Sakhalin-2’s energy production assets, the company said. Sakhalin Energy produced and shipped record LNG volumes in 2020 of more than 11.6 mill tonnes. The company supplies LNG to the Asia/Pacific region, with major customers in Japan, South Korea, Taiwan, and China.


Svitzer to provide towage services at Batangas

Philippines energy developer First Gen Corp (FGEN) has signed a 10-year timecharter agreement with Maersk affiliate tug operator Svitzer. The contract calls for towage and vessel support service for FGEN’s interim offshore LNG terminal at Batangas City. According to the company, Svitzer will provide four newbuilding Lloyd’s Register classed 75-tonne bollard pull tugs to assist the BW LNG FSRU in berthing and unberthing operations, navigation assistance, and other services.


Adams to take over Atlantic LNG

LNG producer Atlantic LNG has appointed a new CEO, Ronald Adams, effective 1st August. The current CEO, Dr Philip Mshelbila, will return to his parent company, Shell, after a three-year stint at Atlantic. Over the next two months, Dr Mshelbila will oversee the transition to Adams. Adams is a senior energy sector executive with nearly 30 years of experience across the upstream, midstream and downstream sectors of the energy industry. He has been with Shell Trinidad and Tobago Ltd since 2019, where most recently he was the General Manager Upstream Assets. .


Newbuildings and deliveries

Daewoo Shipbuilding & Marine Engineering (DSME) confirmed last week that it had signed a Won216.9 bill LNGC newbuilding contract. DSME will deliver the 174,000 cu m vessel to HMM spin-off Hyundai LNG Shipping by the fourth quarter of 2023, the shipbuilder said in a filing. She will be operated by Repsol, broking sources said. In addition, Samsung Heavy Industries also said in a regulatory filing last week that it had signed a Won417 bill contract to build two LNGCs. Under the terms of the contract, believed to be with Maran Gas for two declared options, SHI will deliver the vessels by July, 2024. In addition, Dynagas is believed to have increased its LNGC order at Hyundai to four by firming up two options held with the yard at around $193 mill per vessel. As for deliveries, on 31st May, the LNGC ‘Diamond Gas Crystal’ was delivered by Hyundai Samho. She will ship LNG from the LNG Canada project in British Columbia, as well as from other locations worldwide, under an 18-year timecharter with Diamond Gas International, a wholly owned subsidiary of Mitsubishi Corp (MC), who also has a stake in the LNG Canada project. ‘Diamond Gas Crystal’ is owned by NYK, Asia LNG Transport Dua (ALT Dua), and MC through the joint venture Diamond LNG Shipping 5 Pte Ltd. NYK will be responsible for shipmanagement. The 174,000 cu m LNGC is fitted with a WinGD X-DF diesel engine that can operate on marine gas oil or boil-off gas stored in the cargo tank. The vessel will also feature a re-liquefaction system that can use re-liquefied excess boil-off gas and return it to the cargo tank. At the end of last month, Flex LNG took delivery of its 13th and last newbuilding. The 174,000 cu m ’Flex Vigilant’ was delivered from Hyundai Samho Heavy Industries. The vessel is under a three-year timecharter with Cheniere. She is believed to be the fourth Flex LNG vessel to be chartered to the US-based exporter and operator.