LNG

GasLog: Third Quarter Earnings Show Revenue Increments Owing To LNG Growth

  • GasLog Limited showed increasing YOY top-line revenues as a few of its newbuild vessels hit the water.
  • This growth is likely to continue over the coming years as the company has a number of new ships under construction.
  • The company’s newbuilds have already secured long-term charters, which essentially guarantees that they will actually produce revenue growth when complete.
  • The industry as a whole is quite strong as a record amount of new LNG capacity is scheduled to come online over the next...

http://mfame.guru/gaslog-third-quarter-earnings-show-revenue-increments-owing-to-lng-growth/

CSSC Shipping Inks Deal To Funds Golar’s FSRU Conversion

According to an article published in Lloyd’s List, the LNG carrier will be converted into a floating storage re-gasification unit (FSRU) and delivery is scheduled in March 2020.

CSSC inks agreement with Golar LNG

CSSC Shipping Hong Kong has signed an agreement with Golar LNG subsidiary GVS Corporation, for sale and leaseback of an LNG carrier (LNGC).

The memorandum of agreement (MOA) will see CSSC purchase the LNG carrier from GVS for US$147 million and lease the vessel back to GVS at an estimated...

http://mfame.guru/cssc-shipping-inks-deal-to-funds-golars-fsru-conversion/

Yantai Port plans to have LNG storage facilities by 2022

Yantai LNG Group has in its plans to launch an LNG import terminal by 2022, and it now expects government approval. The terminal will be built in two phases, the first phase featuring a capacity of 5 million tonnes per year and the second with 6.5 million tonnes per year.

Yantai Port is located in the Shandong province, which has one quarter of China’s steel capacity and is a big coal-consuming region.

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According to Reuters, Phase 1 of the import terminal will...

https://safety4sea.com/yantai-port-plans-to-have-lng-storage-facilities-by-2022/

IMO 2020: Japan Aspires To Become Asia’s LNG Hub

Safety4sea reports Japan’s aspiration on accelerating the switch to IMO-compliant fuel, such as natural gas fuel for its shipping fleet, and its halt on establishing a refuelling hub in Asia.

IMO 2020 Sulphur cap

In light of the approaching 2020 sulphur cap regulation, about 80,000 vessels on a global scale are looking for ways to comply with the regulation, while a growing number of vessels is opting for Sulphur-free LNG, following the calls for curbing emissions.

Therefore, Japan is now...

http://mfame.guru/imo-2020-japan-aspires-to-become-asias-lng-hub/

ABS sets the way for lower-carbon emission shipping

Apart from the ambitious target of the 2020 Global Sulphur Cap set by the IMO, shipowners and operators must also take into considerations the greenhouse gas targets for 2030 and the emissions goals for 2050.

ABS informs that the regulatory changes set for 2020, as well as those expected for 2030 and 2050, will be “more disruptive than any past environmental regulations.”

In fact, the shipping industry “will need a better understanding of existing technologies and strategies while new technology,...

https://safety4sea.com/abs-sets-the-way-for-lower-carbon-emission-shipping/

The Blue MBA appoints Saunak Rai as Ambassador to enhance links with Singapore

Saunak Rai

The Blue MBA appoints Saunak Rai as Ambassador to enhance links with Singapore

Saunak Rai, a leading specialist in the shipping of natural gas and other cargoes, has been formally appointed an Ambassador for the Executive MBA in Shipping and Logistics (the Blue MBA). Mr Rai, who is based in Singapore, will have special responsibility for bolstering the standing of the Blue MBA in his area.

He joins an ambassadorial team with a presence throughout global regions and relevant...

http://www.allaboutshipping.co.uk/2019/11/18/the-blue-mba-appoints-saunak-rai-as-ambassador-to-enhance-links-with-singapore/

Teekay Receives Fifth Out Of Six Arc7 Ice-Breaking LNG Newbuilds

Five out of six Arc7 ice-breaking LNG newbuilds have delivered

Georgiy Ushakov is the fifth of six LNG carrier newbuilds to be delivered into our fleet. The delivery took place on November 6, 2019. The vessel is currently on her way to Sabetta for her first loading and will soon embark on her golden voyage.

Image Credits: teekay.com

A big thank you to all the teams involved in the delivery, from the team on board, to the operations team, site team and everyone on shore!

Five out of six Arc7 ice-breaking LNG newbuilds have delivered

Image Credits: teekay.com

Stay tuned for the last Arc7 icebreaking LNG newbuilds to be...

https://www.marineinsight.com/shipping-news/teekay-receives-fifth-out-of-six-arc7-ice-breaking-lng-newbuilds/

IMO Sulphur Rules: Woodside and Australian Miners Buckle Up

Local LNG producer Woodside and Western Australia’s mining sector are getting ready for the introduction of new global limits on the sulphur content of marine fuels from 1 January 2020, reports Interfax Global Energy.

IMO regulations on global emissions

Global emissions limits for shipping under IMO 2020 rules are a growth opportunity for the Aussie LNG market and a rising imperative for the country’s iron ore and coking coal exporters.

A fully fledged LNG-fuelled shipping sector in Australia is...

http://mfame.guru/imo-sulphur-rules-woodside-and-australian-miners-buckle-up/

LNG Newbuilds Will be Outmoded To Meet Decarbonisation Targets, Says Livanos

Mr. Peter Livanos, the Gaslog chairman, warned that new LNG carriers will be obsolete by 2050 without new technologies owing to the imposition of decarbonisation targets and he sees LNG as a key and long term investment in shipping, reports Llyods List.

Decarbonisation targets

Owners and charterers of liquefied pure gasoline carriers ought to think about using older vessels reasonably than ordering new ones that can turn into out of date on account of decarbonisation targets, in accordance with...

http://mfame.guru/lng-newbuilds-will-be-outmoded-to-meet-decarbonisation-targets/

Grain LNG sets record for gas send-out from a European terminal

Grain LNG, Europe’s largest LNG terminal, exported the highest ever amount of gas in a single day from any European terminal into the UK network. The terminal, situated on the Isle of Grain in the Thames estuary, exported 698 GWh of gas, beating its previous record by more than 100 GWh.

The 698 GWh of gas represents around a quarter of UK gas demand, which is enough to supply gas to all of London and the South East.

Grain LNG is a critical part of the UK’s energy infrastructure. The terminal...

https://safety4sea.com/grain-lng-sets-record-for-gas-send-out-from-a-european-terminal/

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