Alfa Laval maritime unit signs accord with South Korean shipyard K-Shipbuilding for OceanGlide product
Alfa Laval, the Swedish specialist company offering maritime equipment for heating, cooling and gas solutions and exhaust cleaning among many other pieces of equipment, has signed an accord with South Korean shipyard K-Shipbuilding (KSB) for Alfa Laval’s OceanGlide product.
Clarksons of UK brokers world’s first LNG 174,000 cbm freight futures trade on Chicago Mercantile Exchange
Clarksons, the UK provider of integrated maritime services including broking, finance and research has brokered the world’s first 174,000 cubic metres capacity LNG Forward Freight Agreement (FFA) trade with the Chicago Mercantile Exchange (CME) Group.
Qatar Gas Transport Co. expands fleet to 80 ships with orders from Korean shipyard for LNG and LPG vessels
Qatar Gas Transport Company, known as Nakilat and a global leader in liquefied natural gas shipping, is expanding its fleet to 80 ships through 2027 with orders just placed with a South Korean shipyard for six new gas carriers.
Korean shipbuilders retain lead in LNG orders as Chinese yards start to catch with ships to meet term contracts
South Korean shipbuilders are still leading their Chinese counterparts in orders for liquefied natural gas carriers, though China’s yards are well ahead in overall orders for newbuilds even as the shipbuilding market was weaker than in 2022.
Capital Gas ship
Nov 8 (LNGJ) - Capital Gas Ship Management Corp., the LNG fleet owner headquartered in the Greek port of Piraeus, has taken delivery of its latest newbuild LNG carrier, the “Amore Mio I”. The ship with 174,000 cubic metres capacity was built at the Hyundai Heavy Industries shipyard in South Korea.
Capital Gas said that the carrier is the eighth of the 18 most modern LNG vessels that will be delivered to the company through 2027. The “Amore Mio I” is powered by MAN-MEGA engines and equipped with the latest available technologies, including an air lubrication system, shaft generators and an increased filling limits above 99 percent. “The vessel represents the vanguard of the new generation of LNG carriers, setting an industry benchmark with its exceptionally low environmental impact,” the company said.
French LNG technology firm GTT receives first maritime orders for four China Merchants newbuild carriers
Gaztransport and Technigaz (GTT), the French LNG storage technology company for shipping and onshore, said it received its first order from a new partner, the Chinese shipyard China Merchants Heavy Industry in Jiangsu province, for the tank designs for four LNG carriers.
GTT will design the tanks of these four vessels, which will each offer a total cargo capacity of 180,000 cubic metres and would be fitted with the Mark III Flex membrane containment system.
The delivery of the vessels to an as yet unnamed European owner is scheduled between the first quarter of 2026 and the first quarter of 2027.
“We are glad to receive this first order from China Merchants Heavy Industry-Jiangsu for the design of the tanks of four new LNG carriers,” said Philippe Berterottière, Chairman and Chief Executive of GTT.
“With this fifth shipyard, China confirms its growing role in the construction of LNG carriers and opens up new opportunities in a context of strong demand,” stated Berterottière.
China newbuilds
Simple Hu, General Manager of China Merchants Industry Holdings, said the order for large-scale LNG carriers was the first for the Haimen shipyard in Jiangsu
“We are excited to turn our vision into reality, offering state-of-the-art vessels to the growing LNGC market,” he added.
“We highly appreciate the support provided by the GTT Group, whose experience was instrumental in the preparation and development of our solution,” he said.
GTT continues to expand its relationships with Chinese companies and shipyards with technology accords for maritime and onshore LNG tanks storage tanks.
PipeChina Engineering Technology Innovation Co. signed a cooperation agreement on April 6, 2023, for the evaluation and further promotion of GTT’s membrane containment technology for onshore LNG projects in China.
PipeChina Group is currently operating seven LNG receiving terminals in China and three new LNG import projects are under construction.
As the largest operator of LNG infrastructure in China, PipeChina said it was keen to expand its cooperation with GTT.
South Korean LNG shipbuilder Daewoo confirms Russian project orders cancelled amid newbuild surge
South Korean LNG shipbuilder, Daewoo Shipbuilding and Marine Engineering (DSME), said it cancelled the last of three LNG carrier orders from 2020 to serve the Yamal LNG export facility in Arctic Russia, operated by natural gas company Novatek.
LNG carrier orders
Nov 18 (LNGJ) - Shipyards in China and South Korea have seen orders in the past month for at least eight newbuild liquefied natural gas carriers and one floating storage and regasification unit (FSRU) as the global fleet expands to meet rising demand. The orders include two vessels of 175,000 cubic metres capacity under an order made by German ship management company Hammonia Reederei and to be delivered between 2025 and 2026 from China's Yangzijiang Shipbuilding.
Two other newbuilds were ordered by US plant developer Venture Global from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for a price of $500 million, according to shipyard data. The two ships are due for delivery at the end of 2026. The Chinese company Tianjin Southwest Maritime (TSM) has joined with the leasing entity of China State Shipbuilding Corp (CSSC) to order a further three 174,000 cubic metres capacity LNG vessels from China’s Hudong-Zhonghua Shipbuilding.
French LNG tanks designer reflects ‘raison d'être’ in new corporate image and logo unveiled at Gastech
Gaztransport and Technigaz (GTT), the French designer of LNG storage tanks for ships and for onshore, has chosen the Gastech Conference in Milan to launch a new corporate image and logo to reflect its clean-fuel role and broadening activities in storage and smart shipping.
Korean Daewoo shipyard increases 2022 orders to 14 with eight LNG carriers and six containerships
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has won $4 billion in orders so far in 2022, including eight LNG carriers, six containerships, one offshore platform and one depot maintenance order.
DSME added that the six containerships ordered this year have a specification for dual-fuel capability.
The latest DSME orders included three LNG carriers for the Americas after the company previously said there had been two LNG carrier orders worth 521 billion South Korean won ($428M).
The yard has now added one more vessel for the order list from the Americas, taking the total for the region to 863.5Bln Korean won ($710M).
“These LNG ships will be built at the Okpo Shipyard and delivered to the owner by the end of 2025,” said DSME.
GasLog Ltd, the Greek LNG shipping company, has also ordered LNG carrier from DSME in 2022.
GasLog is currently expanding its fleet and has ordered four newbuild 174,000 cubic metres capacity vessels for delivery in 2024 and 2025.
DSME, which is the world’s fourth largest shipbuilder, had an order backlog of $10.86Bln because of increased demand for valued-added vessels, such as LNG carriers and very large containerships with dual-fuel propulsion.
The latest three LNG carrier orders for the Americas will be of 174,000 cubic metres capacity.
The yard added that they would also be equipped with the latest generation M-type Electronically Controlled, Gas Injection (ME-GI) propulsion system.
DSME said it was also fitting a more advanced re-liquefaction system.
“The yard’s other smart energy saving systems, such as the Shaft Generator Motor and their Lubrication System, are representative of eco-friendly new technologies that can improve fuel efficiency and reduce carbon-dioxide and sulfur-oxide emissions,” added the DSME statement.
