LNG

Nov 11 (LNGJ) - Italian energy engineering company Saipem and South Korea’s Daewoo Engineering and Construction Co. have signed a strategic agreement for cooperation on targeted worldwide opportunities with specific emphasis on the LNG sector.

   Daewoo in joint venture with Saipem have already been nominated as preferred bidders for the engineering, procurement and contract for the Nigeria LNG Train 7. Saipem and Daweoo said the strategic alliance will enhance and capitalize on synergies and establish a key player capable of delivering in the global LNG construction sector.

   “This strategic agreement with Daewoo will leverage our distinctive competencies in high-end projects, particularly in LNG, and our proven operational experience to support the corporate goals of our customers around the world,” said Maurizio Coratella, Chief Operating Officer of the Saipem Onshore Engineering Division.

Flex LNG took delivery of the newbuilding 173,400 cu m LNGC ‘Flex Courageous’ from Daewoo Shipbuilding & Marine engineering on 27^th August.

This is the sixth vessel to join the fleet. Another five newbuildings are due to join the fleet in 2020 and another two in 2021.

She is powered by a 2-stroke MEGI and fitted with a partial reliquefaction system (PRS) and claims to have an industry low boil-off rate of 0.0075%.

She has left South Korea for the Pacific Basin and following this voyage, she will be available fir employment opportunities during the fourth quarter of this year. Flex LNG said that she “will be well positioned for the winter market.”

Dec 10 (LNGJ) - South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering said it received an order to build an LNG carrier for Maran Gas Maritime of Greece, the LNG unit of the Angelicoussis Shipping Group. The vessel is scheduled for delivery in the first half of 2021. Daewoo noted that the Angelicoussis group had placed a total of 101 ship orders with Daewoo since 1994, with 85 of them delivered and 16 under construction in South Korea. Daewoo said it had obtained $6.22 billion worth of orders so far this year, achieving 85 percent of its sales target of $7.3Bln.

Feb 14 (LNGJ) - BW Group, the Singapore-based energy shipping and platforms company, has ordered two LNG carriers from South Korean shipyard Daewoo Shipbuilding and Marine Engineering. The two vessels with capacities of 173,000 cubic metres will each cost around US$190 million and be delivered in the first half of 2020. BW currently has 16 LNG carriers on the water and five others on order in Korea. Of the 21 vessels, 18 of them are conventional LNG carriers while three are floating storage and regasification units.

South Korean President Moon Jae-In has given a speech at the Geoje shipyard complex of Daewoo Shipbuilding & Marine Engineering, pledging to keep the nation’s strategic LNG shipbuilding sector at the cutting-edge of technology and backed by more use of LNG fuel.

May 18 (LNGJ) - GTT, the French liquefied natural gas tank storage technology firm, said it received an order from Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea to equip two LNG carriers with its No. 96 GW containment system. The two vessels of 173,400 cubic metres capacity are scheduled for delivery in 2019 to a European-based shipping company. “We are proud of the close relationship we have had with DSME for over 30 years, which has led to this new order. With 103 vessels in service and 49 on order at present, DSME is indeed a faithful user of our No. 96 solutions,” said GTT Chairman and Chief Executive Philippe Berterottiere.

The American Bureau of Shipping, the US maritime classification society, has signed an agreement with the South Korean shipyard, Daewoo Shipbuilding and Marine Engineering, to support safety in the development of a conceptual floating liquefied natural gas design.

March 28 (LNGJ) - Swiss-based ABB said it would supply the power and electric propulsion system to a new Floating Storage and Regasification Unit for BW Group, which will also be remotely connected to ABB operations centres. The equipment onboard will provide data to the shore-side centres allowing ABB and the vessel owner to take a proactive approach to maintenance throughout the lifetime of the vessel. “The modern power system must be both efficient and connected,” said Juha Koskela, Managing Director of the ABB marine and ports business. ABB said its hardware will optimize fuel efficiency onboard while monitoring the vessel for an informed approach to maintenance. The 174,000 cubic meter capacity FSRU has been ordered from Daewoo Shipbuilding and Marine Engineering. The membrane-type vessel is expected to be delivered from the Korean shipyard in 2019.

Daewoo Shipbuilding and Marine Engineering Co., the troubled South Korean shipbuilder, said its contract portfolio will be mostly made up of LNG carriers and other specialty vessels as it works towards a business turnaround after receiving its latest debt rescue package.

The General Dynamic NASSCO shipyard in San Diego, California, has begun sea trials for the latest LNG-ready petroleum products carrier built for US shipping line Seacor Ocean Transport Inc.