LNG Shipping Rates Spike with Seen Through 2019

  • LNG rate spike continues as the price increased to  $95,000 a day from $75,000 a day at the end of August.
  • LNG transportation from terminals in USA and Russia is driving up the rate.
  • Ship deficit and Japan, South Korea LNG stocking up is further pushing the shipping rates.
  • It takes 1.9 ships to carry 1 million tonnes per annum (mtpa) of LNG from the U.S. Gulf to Japan.
  • It would take 100 vessels to carry the fuel produced by the 23% rise in LNG production  in the next 2 years..

The price of...

http://mfame.guru/lng-shipping-rates-spike-with-no-respite-seen-through-2019/

MOL’s LNG-Fueled Tugboat Earns Highest Rating For Coastal Ship Energy Conservation

ishin next

Mitsui O.S.K. Lines, Ltd. (MOL) announced that naming and launching ceremonies for the company’s LNG-fueled tugboat, built at Kanagawa Dockyard Co., Ltd., were held on September 28. The tugboat was named Ishin after the name of MOL’s technology development project, the “ISHIN NEXT – MOL SMART SHIP PROJECT –. ” Ishin, slated for delivery in February 2019 after the completion of outfitting work, will be the first LNG-fueled tugboat serving Osaka Bay starting in April.

Image Credits: www.mol.co.jp

In...

https://www.marineinsight.com/shipping-news/mols-lng-fueled-tugboat-earns-highest-rating-for-coastal-ship-energy-conservation/

Christophe de Margerie ships landmark 5-millionth tonne of LNG for Yamal LNG

Christophe de Margerie loading Sabetta

On 25 September 2018, Sovcomflot’s Arctic LNG carrier Christophe de Margerie loaded the milestone 5-millionth tonne of liquefied natural gas for Yamal LNG, at the Port of Sabetta on the Yamal Peninsula in the far north of Russia.

The first train of Yamal LNG commenced production in December 2017, with the inaugural cargo of LNG also transported by Christophe de Margerie. In August 2018, another of Sovcomflot’s LNG carriers, Pskov, successfully shipped the...

http://www.allaboutshipping.co.uk/2018/09/27/christophe-de-margerie-ships-landmark-5-millionth-tonne-of-lng-for-yamal-lng/

IAPH Working Group finalises industry standard LNG Bunker Operations Audit tool for global deployment

Port Authorities finalise a standard audit tool for worldwide use after consulting key industry players. Operators applying for licenses to operate LNG bunkering facilities in multiple locations will be able to benefit from this new IAPH tool.

Antwerp, September 27th, 2018

Meeting in Bremerhaven at the end of July, the IAPH Working Group on LNG fuelled vessels made significant progress in developing a comprehensive IAPH audit tool for LNG Bunker Operations (IAT-LNG). The first version will now...

http://www.allaboutshipping.co.uk/2018/09/27/iaph-working-group-finalises-industry-standard-lng-bunker-operations-audit-tool-for-global-deployment/

Ground-Breaking Ceremony Held For 100% Renewable Energy Powered Hamina LNG Terminal

Wärtsilä

A ground-breaking ceremony for the new Hamina LNG terminal that is to be engineered, procured and constructed by Wärtsilä was held on September 25. The ceremony was attended by Finland’s Minister of Finance Mr Petteri Orpo, as well as local officials and executives from Hamina LNG Oy and Wärtsilä.

The 30,000 m3 capacity terminal will provide storage of liquefied natural gas (LNG). It will also have re-gasification capability for sending the gas to the existing distribution network serving both...

https://www.marineinsight.com/shipping-news/ground-breaking-ceremony-held-for-100-renewable-energy-powered-hamina-lng-terminal/

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