Qatari LNG fleet operator Qatar Gas Transport Co. increases profits and revenues as fleet and challenges grow
Qatar Gas Transport Company, known as Nakilat and a global leader in liquefied natural gas shipping that is expanding its fleet, reported increasing net profits and revenues amid regional and global logistical and security disruptions.
French maritime LNG storage tanks designer GTT receives orders from South Korean shipyard group
French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) said it received an order from the Korea Shipbuilding & Offshore Engineering (SOE) group for the tank design for two LNG carriers and a Very Large Ethane Carrier.
French LNG-powered container ship company CMA CGM to add LNG location Ennore port to India service
CMA CGM, the French container shipping line based in the Mediterranean port of Marseille and the third-largest in the world and with a growing fleet of LNG-powered vessels, has a new service to the LNG fuel location of Ennore port on the East Coast of India.
The containerships will expand port coverage with a direct call to Ennore, near Chennai in India, on the Westbound leg of the service connecting North Europe and the Mediterranean with Oceania as from June 2023.
“This new call will offer our customers a fast export connection from the main commercial area in South East India to Europe together with a direct import connection from Australia and Singapore,” said CMA CGM.
“Ennore is also a natural gateway from/to the Inland Container Depot of Bangalore covered with efficient rail connectivity,” added the French company.
The other LNG fuel ports in CMA CGM’s so-called NEMO service include Fos Sur Mer near Marseille, La Spezia in Italy, Rotterdam in the Netherlands, Malta and Singapore.
French LNG storage tanks designer GTT is supplying the tanks for six more LNG-powered containerships ordered from South Korea by CMA CGM.
The six containerships are being constructed at the Korean shipyard of Hyundai Samho Heavy Industries.
The vessels, each capable of carrying 8,000 containers, will be equipped with an LNG fuel tank with a capacity of 6,000 cubic metres.
The deliveries of the vessels are scheduled from the fourth quarter of 2024 to the fourth quarter of 2025.
CMA CGM is a pioneer of LNG-powered containerships and has about 12 more of the vessels being built in China.
The shipping line has said it is aiming to have a fleet of 44 LNG-fuelled containerships by 2024.
The 12 China-built vessels will be delivered between the last quarter of 2023 and the third quarter of 2024.
The construction contracts for those CMA CGM newbuilds were awarded to Hudong-Zhonghua Shipbuilding and Jiangnan Shipyard Co.
Each of the Chinese yards is building six vessels able to carry between 13,000 and 15,000 twenty-foot equivalent units (TEU) of containers.
The first ever LNG-powered containership was delivered to CMA CGM from the Hudong-Zhonghua yard and entered commercial operation in September 2020.
The 23,000 TEU “CMA CGM Jacques Saadé” was named after the late Lebanon-born founder of the shipping line and father of current Chairman Rodolphe Saadé.
Korean shipyard chosen to build six more LNG-fuelled containerships as sector powers ahead on clean fuel
French LNG storage designer GTT will supply the tanks for six more LNG-powered containerships ordered from South Korea by France’s Marseille-based shipping group CMA CGM.
The six containerships are being constructed at the Korean shipyard of Hyundai Samho Heavy Industries.
The vessels, each capable of carrying 8,000 containers, will be equipped with an LNG fuel tank with a capacity of 6,000 cubic metres. Each LNG tank will be fitted with GTT’s Mark II Flex membrane containment technology.
The deliveries of the vessels are scheduled from the fourth quarter of 2024 to the fourth quarter of 2025.
GTT noted that the CMA CGM order brings the total number of containerships to 80 that will have LNG capability and be equipped with the Paris-based firm’s storage tanks.
“This order underlines the renewed confidence of our partner CMA CGM in GTT's technologies to equip its LNG-powered container ships,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
“The GTT group is proud to put its technological innovation at the service of the decarbonisation of global maritime transport,” added Berterottière.
China-built vessels
CMA CGM is a pioneer of LNG-powered containerships and has about 12 more of the vessels being built in China.
The shipping line has said it aimed have a fleet of 44 LNG-fuelled containerships by 2024.
The 12 China-built vessels will be delivered between the last quarter of 2023 and the third quarter of 2024.
The construction contracts for those CMA CGM newbuilds were awarded to Hudong-Zhonghua Shipbuilding and Jiangnan Shipyard Co.
Each of the Chinese yards is building six vessels able to carry between 13,000 and 15,000 twenty-foot equivalent units (TEU) of containers.
The first ever LNG-powered containership was delivered to CMA CGM from the Hudong-Zhonghua yard and entered commercial operation in September 2020.
The 23,000 TEU “CMA CGM Jacques Saadé” was named after the late Lebanon-born founder of the shipping line and father of current Chairman Rodolphe Saadé.
Korean LNG order
May 17 (LNGJ) - Korea Shipbuilding & Offshore Engineering (KSOE), the country’s largest shipyard group, said it won $910 million of orders to build four LNG carriers. Two KSOE affiliates, Hyundai Heavy Industries and Hyundai Samho Heavy Industries, will construct two 174,000 cubic metres capacity vessels each and deliver them to an Asian buyer from the first half of 2025.
Korean LNG order
Feb 21 (LNGJ) - Korea Shipbuilding and Offshore Engineering (KSOE), the world’s largest shipbuilder by order backlog, said it won another LNG carrier order worth $217 million. KSOE has won 37 ship orders so far in 2022 valued at a combined $4.37 billion, accomplishing 25 percent of its annual goal of $17.4Bln of orders. KSOE’s three affiliates are Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries.
Korean shipyard wins two more LNG carrier construction contracts and orders grow for LNG-powered vessels
Daewoo Shipbuilding and Marine Engineering said it received an order to build two liquefied natural gas carriers for Maran Gas of Greece as South Korean shipbuilding undergoes a revival led by LNG vessels and LNG-powered ships.
DSME said the LNG vessel orders were valued at 502 billion-won ($420 million) and were the latest in a growing stream of newbuilds.
The company said it would deliver the LNG carriers to Maran Gas Maritime, an affiliate of Greece's Angelicoussis Shipping Group, by November 2025.
DSME said the vessels would have capacity of 174,000 cubic metres capacity and GTT No. 96 GW membrane containment systems.
The company received another order earlier in December 2021 for four newbuilds on behalf of the Japanese shipowner Mitsui OSK Lines.
DSME added that its 2021 order book amounted to $10.86Bln and exceeded its target of $7.7Bln.
Korea Shipbuilding and Offshore Engineering Co. (KSOE), the world's biggest shipbuilder by order backlog, said it had a stellar 2021.
KSOE, whose affiliates include Hyundai Heavy Industries, Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries, said it has 1.67 trillion won ($1.39Bln) worth of ship orders this week.
The orders included one for a Europe-based shipper to build six 15,000 20-foot equivalent unit (TEU) LNG-powered containerships.
“The container carriers will be gradually delivered to the client from the first half of 2024,” said KSOE.
In other deals, the company said it would build one LNG carrier for an Asian ship owner with the delivery scheduled in the second half of 2024.
It will also build three feeder container ships for an Oceanian client, with the delivery set in the second half of 2023.
KSOE said it aimed to win $17.5Bln worth of orders in 2022, higher than last year's target of $14.9Bln. In 2021,the company achieved $22.8Bln worth of orders.
Shell LNG charters
July 14 (LNGJ) - Shell Tankers (Singapore) has signed agreements for a further six LNG ships with Knutsen LNG, Pan Ocean Co. and investors advised by JP Morgan Asset Management, taking the Anglo-Dutch major’s signed charter agreements for newbuild LNG carrier to a total of 24 vessels. The 174,000 cubic metres capacity carriers will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries.
Deliveries will be made from 2023. Shell said this order builds on the long-term charters Shell announced for eight ships of the same class in December 2019, six in August 2020 and four in December 2020. “These ships will be some 35 percent more efficient than required by the energy efficiency design index and 20 percent more than required by the annual efficiency ratio, delivering significant emission reductions for our time-charter fleet,” said Grahaeme Henderson, Global Head of Shell Shipping & Maritime.
Korean ship orders
June 2 (LNGJ) - Korea Shipbuilding and Offshore Engineering (KSOE), the world's leading shipbuilding group comprising Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, said orders have come in from five customers for 12 ships valued at $1.2 billion. The orders include four LNG carriers and a mid-scale liquefied petroleum gas (LPG) carrier, which will be delivered by the first half of 2024.
At the end of May, global new orders for ships came to 17.95 million compensated gross tons (CGTs), representing 83 percent of the 21.50 million CGTs ordered last year, said KSOE, citing market data firm Clarksons.
French LNG storage tank design firm GTT gives update of appeals in Korea Fair Trade Commission case
Gaztransport and Technigaz (GTT), the French designer of liquefied natural gas maritime and onshore storage systems, has given an update of the appeal procedure in a case involving the Korea Fair Trade Commission.
