In this issue

 

ABS and Mitsui OSK Lines (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.
Free ReadRussian Maritime Register of Shipping (RS) has published a new edition of the ‘Rules for the Classification and Construction of Ships Carrying Liquefied Gases in Bulk (2019)’ on its website.…
Thursday, 25 July 2019
Toyo Engineering India Pvt Ltd, a wholly owned subsidiary of Toyo Engineering Corp, has been awarded a contract to build a regasification plant for HPCL Shapoorji Energy Pvt Ltd (HSEPL).To…
Last year, China’s LNG imports soared 40.4% year-on-year to a record 53.8 mill tonnes, according to figures from the Chinese General Administration of Customs.
Thursday, 11 July 2019
Towards the end of last month, the LNGC ‘Senshu Maru’ became the 4,000th gas vessel to berth at the Chita LNG terminal complex in Japan.
Thursday, 11 July 2019
Free ReadAustralian Compressed Natural Gas (CNG) project developer, Global Energy Ventures (GEV), has signed a Letter of Intent (LOI) with Yantai CIMC Raffles Offshore (CIMC Raffles) to build the company’s CNG…
Bechtel and Cheniere Energy have announced the completion of the first commissioning LNG cargo from Train 2 at the Corpus Christi liquefaction (CCL) export terminal in Corpus Christi, Texas.
Following last year’s timecharter agreement between Höegh LNG and Australian AGL Shipping Pty Ltd (AGL) for an FSRU, AGL has selected ‘Höegh Esperanza’.
The first Northern Sea Route (NSR) transit this summer by an LNGC carrying Yamal gas to Asia without the need for icebreaker escort is currently underway.
Free ReadMcDermott International, together with its joint venture partner Chiyoda, has signed an agreement with Cameron LNG related to the construction of the LNG liquefaction project in Louisiana. The agreement includes…
Thursday, 11 July 2019
Woodfibre LNG has received a facility permit from Canada’s British Columbia Oil & Gas Commission.
At the end of last month, Venture Global LNG announced that it has raised $675 mill of additional capital from institutional investors.
Thursday, 11 July 2019
Free ReadBelgian gas carrier owner, EXMAR has provided an update on various financing schemes announced earlier. On 26th June, 2019 the company fully repaid its outstanding senior unsecured bond. This was…
Thursday, 11 July 2019
Nakilat achieved a net profit increase of 7% in the first half of this year.

News Nudges

NYK to build heavy-lift ships

NYK Bulk & Projects Carriers (NBP) has signed a contract with China Merchants Group subsidiary, Nanjing Jinling Shipyard to build two heavy-lift vessels, which will be marketed to transport LNG plant equipment worldwide. Each vessel will be equipped with 2 x 400 tonne capacity cranes, which can be twinned to give a 800 tonne lifting capacity. The vessels will be fitted with one hatch and one open-hatch hold. The on-deck length will be about 110 m, and the in-hold length will be about a maximum of 95 m. To accommodate bulk cargo, the ‘tween deck will be able to be used by a simple bulkhead fitted in the hold. The vessels will not have hatch covers, which will allow for navigation with the hatch cover open. The ‘tween deck will be the adjustable / removable type that can be changed to two levels, depending on the cargo handled. They are scheduled for delivery in August 2021 and January 2022. The heavy cargo ship market has been sluggish since the collapse of Lehman Brothers in 2008, but NBP said that demand for LNG plant cargo movements had increased.


HHI wins another LNGC order

Hyundai Heavy Industries (HHI) has secured another order to build a LNGC. Placed by an undisclosed shipowner from Oceania, the order is valued at KRW228.9 bill ($188.8 mill), HHI said in a stock exchange filing on 2nd September. The 174,000 cu m LNGC is scheduled to be delivered by the end of January, 2022.


LNGC to FSRU to power plant?

Brokers have reported that KARMOL, a joint venture between Karadeniz Holdings and MOL, to build floating power plants (powerships), has bought the 1991-built 125,660 cu m LNGC ‘Northwest Shearwater’. She is probably earmarked for conversion to an FSRU for a Mozambique powership project awarded to KARMOL.


NYK charters fourth LNGC to Total

NYK has signed another new long-term contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, to charter a 174,000 cu m newbuilding LNGC to be built by Samsung Heavy Industries for delivery in 2021. The LNGC will be equipped with a WinGD X-DF dual-fuel slow-speed diesel engine that is claimed to have superior fuel-consumption efficiency and can operate on marine gas oil or boil-off gas. She will also feature a re-liquefaction system that can use surplus boil-off gas effectively and a GTT Mark III Flex membrane containment system. Last year, NYK concluded timecharter contracts with Total for three LNGCs.


FERC positive on Sabine Pass expansion plans

Cheniere’s Sabine Pass LNG has received a positive environmental assessment from the US Federal Energy Regulatory Commission (FERC) for to expand the marine berths at its LNG export terminal in Louisiana. If the project goes ahead, it should allow the addition of 180 LNG cargoes annually, increasing the total up to 580 cargoes per year. In the 23rd August environmental assessment, FERC determined that the commission's approval of the third berth expansion project would not have major environmental impacts, as long as the developer complies with recommended construction and mitigation measures. The new berth will be at the existing Sabine Pass LNG terminal in Cameron Parish, Lousiana. The project would also include an LNG loading system. The terminal currently has a single marine basin with two vessel berths, each capable of handling LNGCs of up to 266,000 cu m both for import and export operations. Sabine Pass LNG said in a presentation that the reason for needing a new berth is to accommodate an increasing number of LNGCs arriving at the terminal. The expansion would help minimise delays caused by adverse weather or shipping traffic in the area and would also allow for LNG production optimisation by removing bottlenecks associated with LNG loading and marine constraints.


Höegh LNG’s last FSRU delivered and financed

Höegh LNG’s 10th and last FSRU in the current newbuilding programme, ‘Hoegh Galleon’ was delivered by Samsung on 27th August. The 170,000 cu m capacity unit was due to start an interim 18-month charter with Cheniere Marketing International before she commences a long term project as an FSRU for AIE at Port Kembla, at the end of 2020. She has a regas capacity of 750 mill cu ft per day and is fitted with a GTT Mark III membrane containment system and a TFDE propulsion system. Watson Farley & Williams (WfW) advised Höegh LNG on its first sale and leaseback deal with China Construction Bank Financial Leasing (CCBFL) involving the ‘Hoegh Galleon’, which was taken back on charter by Höegh for 12 years. Following the completion of this transaction, Höegh LNG is now fully funded with both equity and debt for its current newbuilding programme, the company said. Höegh LNG, the only FSRU operator with operations in China through its contract with energy giant CNOOC, has also to set up a representative office in Shanghai, as part of its expansion plans in that country. The WFW London team advising Höegh LNG was led by Partner and Global Maritime Sector Head, Lindsey Keeble, supported by Senior Associate, Kate Silverstein and Associate, Parit Patani.