LNG

Cheniere Energy's Sabine Pass LNG export facility in Louisiana is due to welcome its first vessel on 12th January, next year.

Newcomer Saga LNG Shipping has signed a contract with China Merchants Heavy Industry to build a 45,000 cu m LNGC, plus an option for another. The vessel will be fitted with a new containment system.

Houston-based class society ABS has granted Approval in Principle (AIP) to Troy, Mich, based Altair for its Cubic Donut Tank System (CDTS) LNG containment concept.

Dynagas LNG Partners LP has reported net income for the three and nine months ended 30th September, 2015 of $16 mill and $45.2 mill, respectively, an increase of 14.6% and 28.3%, respectively, over the same periods in 2014.

GasLog Partners LP reported an EBIDTA of $37.25 mill and an adjusted EBITDA of $37.31 mill for the third quarter of this year, compared with $23.5 mill in 2Q15.

During the third quarter of 2015, Teekay LNG Partners generated distributable cash flow of $61.1 mill, compared to $64.2 mill in 3Q14.

Eniram has released Eniram Engine, a new software tool to help guide triple-fuel diesel-electric (TFDE) LNGC engineers and officers use engines and fuel most efficiently.

In a review of the third quarter 2015 results, Exmar said that the LNG fleet contributed $9 mill to the operating result (EBIT) during 3Q15, compared to $8.5 mill for the same period in 2014.

The joint venture group FSP LNG is taking its flat panel semi-membrane prismatic Type B containment system through general design approval (GDA) with ABS and forecast that the construction of the first tank will begin at the end of this year.

Shipping, logistics and marine services provider GAC Group has highlighted the growing importance for LNG shipowners and operators of working with ship agents with specialist expertise and capabilities.