2022 LNG

Partners In Singapore Unite On Cleaner Shipping

The shipping industry drives global trade and has long helped to accelerate the growth of maritime hubs like Singapore. The Lion City is the busiest container transhipment port globally and is consistently ranked as the world’s leading port, and top maritime centre, by the Xinhua-Baltic index.

Vital role in economies

Yet, while shipping continues to be vital to economies worldwide, there is an urgent need for the industry to reduce its carbon footprint. Shipping accounts for close to 3 per cent...

https://mfame.guru/partners-in-singapore-unite-on-cleaner-shipping/

Equinor Extend Charter For Arctic Aurora

Credits: Venti views/Unsplash

Norway’s Equinor will continue to use the 155,000-cbm LNG carrier, Arctic Aurora, for about three more years as part of a new deal revealed by Dynagas LNG Partners, says an article published on LNG Prime.

New charter deal

Dynagas LNG Partners said in a statement that the new charter deal for the 2013-built LNG carrier would start in September 2023 in direct continuation of the current charter deal with Equinor.

Equinor has been using Arctic Aurora to ship LNG since...

https://mfame.guru/equinor-extend-charter-for-arctic-aurora/

Oman LNG Signed A Key Term With Japan’s Jera

Credits: Fredrick Filix/Unsplash

Oman LNG has signed a key term sheet to supply liquefied natural gas to Japan’s Jera from its complex in Qalhat, Sur, says an article published on LNG Prime.

Power generation firm

Based on the term sheet, Japan’s LNG trader and power generation firm, Jera, will purchase up to 12 cargoes or about 0.8 million tons per year from Oman LNG from 2025 for a period of 10 years.

High flexibility

“LNG procurement competition has been intensifying and thus, stable procurement...

https://mfame.guru/oman-lng-signed-a-key-term-with-japans-jera/

Korea’s Daewoo Shipbuilding Earns $10 Billion In Orders

Credit: Hesan Mohamadi/Unsplash

Daewoo Shipbuilding and Marine Engineering (DSME) has earned $10 billion in orders for the second straight year, says an article published on kedglobal.

Top shipping company

The company said Maran Gas Maritime, an affiliate of Greece’s top shipping company Angelicoussis Group, ordered a liquefied natural gas (LNG) carrier for 350.9 billion won ($256 million).

Second half

Okpo Shipyard on Geoje Island, South Gyeongsang Province, is where construction of the vessel will...

https://mfame.guru/koreas-daewoo-shipbuilding-earns-10-billion-in-orders/

Chinese LNG Buyers Eye Winter Cargoes On Price Falls

Chinese LNG buyers have begun enquiring for December-January spot deliveries as LNG spot prices continue to retreat, says an article published Argus Media.

More price-driven

But this move is likely more price-driven, not a result of buyers in China being short on gas, market participants said.

Firm start purchasing spot

At least one Chinese national oil company (NOC) has confirmed that it is currently seeking December or January spot cargoes, since prices have softened enough to make it viable for...

https://mfame.guru/chinese-lng-buyers-eye-winter-cargoes-on-price-falls/

Gasum Bunkers First LNG-Fuelled Cruise Ship

Chantiers de l’Atlantique has chosen Gasum as expert supplier of LNG bunker fuel and technical adviser to perform the initial bunkering of the first LNG fueled cruise vessel built in its premises, says a press release on their website.

Unique expertise

This first LNG bunkering has taken place on the 10th of September 2022 in the French port of La Rochelle, for which it was also the first LNG bunkering operation.

Initial bunkerings

The choice of Gasum as partner in the preparation and performance of...

https://mfame.guru/gasum-bunkers-first-lng-fuelled-cruise-ship/

EU-Backed Consortium Explores Using Solid Oxide Fuel Cells

A new EU-funded project is looking to decarbonise cruise shipping by demonstrating the effectiveness of solid oxide fuel cells (SOFC) to provide heat and power aboard cruise ships, says an article published on Riviera.

Solid oxide fuel cell

The HELENUS consortium will build, integrate and demonstrate a 500-kW solid oxide fuel cell module aboard an MSC cruise ship.

The project is managed by the German Aerospace Centre (DLR), has been funded to the tune of roughly €14M (US$14M) and will team up with...

https://mfame.guru/eu-backed-consortium-explores-using-solid-oxide-fuel-cells/