LNG

• Joint investment of US$182M in Avenir LNG
• Stolt-Nielsen 50% stake and Golar LNG and Höegh LNG Holdings each 25% share
• Plans to raise an additional US$10M through strategic investors
• Avenir to take delivery of the first pair of LNG carriers from Keppel Singmarine in Q2 and Q3 2019

Stolt-Nielsen, Golar LNG and Höegh LNG Holdings have agreed to jointly invest US$182M in Avenir LNG to pursue opportunities in the small-scale LNG sector.

More specifically, the partners...

http://mfame.guru/golar-and-hoegh-join-stolts-small-scale-lng-play/

On September 28, the TOKYO-Mitsui O.S.K. Lines, Ltd. announced the launching of the tugboat was named Ishin named after the MOL’s technology development project ‘Ishin Next – MOL Smart Ship Project’.

The vessel built at Kanagawa Dockyard Co., Ltd. is expected to be delivered in February 2019 after the completion of outfitting work, will be the first LNG-fueled tugboat serving Osaka Bay starting in April.

In addition, Ishin’s excellent environmental performance – including an estimated...

http://mfame.guru/ishin-the-first-lng-fueled-tugboat-owned-from-mol/

The Maritime and Port Authority of Singapore (MPA) has shelled out S$26 million to kick-start the use of liquefied natural gas (LNG) as a cleaner burning marine fuel ahead of green shipping regulation.

On October 1, Mr.ALan Lim, MPA’s deputy director for port services, disclosed the up-to-date investment made by the maritime regulator at an industry roundtable meeting.

The investment includes S$18 million or up to S$2 million per ship awarded as grants to...

http://mfame.guru/mpa-dishes-out-s26m-to-promote-lng-use-as-marine-fuel/

• 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/