LNG featured news

LNG Emerging as Marine Fuel

The main fuel for ships changed from coal to petroleum such as heavy fuel oil (HFO) 100 years ago. Now, liquefied natural gas (LNG) is rapidly emerging as their next main fuel. This is related to international efforts for pollutant reduction. In 2012, the International Maritime Organization designated certain sea areas like the Baltic Sea and the North Sea as emission control areas so that conventional fuels cannot be used there. Low-sulfur oil, marine diesel oil and gasoline can be used as alternative fuels, but these have their own limitations in terms of price and supply stability. Those in the shipping and shipbuilding industries are recommending LNG as the most environment-friendly and economical marine fuel. North European countries, Japan, Singapore, China and the United States are ...

Samsung Heavy wins $100mn order to build two LNG carriers

South Korea’s Samsung Heavy Industries Co. said Monday it won a $100 million order to build two liquefied natural gas (LNG) carriers for Korea Line to deliver gas supplies from mainland to southernmost island of Jeju. Korea Gas Corp. (KOGAS) has chartered Korea Line to transport LNG from Tongyeong, South Gyeongsang Province to Jeju Island for 20 years. Under the latest deal, Samsung Heavy Industries will build two LNG carriers with capabilities of carrying 7,500 cubic meters of LNG and featuring the Korean Cargo (KC-1) containment system designed by KOGAS together with local shipbuilding majors Samsung Heavy Industries, Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. One of the two vessels would have LNG bunkering capability. Ships will each be delivered b...

DSME’s patent on partial re-liquefaction technology nullified in Korea

Daewoo Shipbuilding & Marine Engineering Co. (DSME) will be banned from promoting partial re-liquefaction system technology for liquefied natural gas (LNG) carriers as its proprietary technology after it has lost the three-year-long court battle against its rivals Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. According to multiple sources from the industry on Wednesday, the Supreme Court has rejected an appeal raised by DSME to review the Patent Court’s January rule in favor of Hyundai Heavy Industries and Samsung Heavy Industries that have sought to make DSME’s patent on partial re-liquefaction technology invalid. The Supreme Court’s flat rejection without hearing indicates the previous decision by the Patent Court of Korea that has nullified DSME’s patent on the techn...

Midstream EPC Deals for Fortuna FLNG Awarded

Following the signing of the Umbrella Agreement for Africa’s first deepwater FLNG project, oil and gas company Ophir Energy has reached another milestone with the award of the Midstream construction contracts for Fortuna FLNG. The LNG shipping company Golar LNG Limited has executed amended and novated agreements for conversion of the 126,000 m3 LNG carrier Gandria to a floating liquefaction facility (FLNG). The primary contract for the FLNG Gandria was entered into with Singapore’s Keppel Shipyard Limited. Black & Veatch will provide its PRICO® technology, perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the FLNG topsides and liquefaction process. The Gandria vessel will be acquired by the Fortuna joint operat...

Hyundai Heavy Industries Teams up with Bahri to Develop Smart Ship Technology

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced today that it signed a memorandum of understanding (MOU) on establishing a partnership in the smart ship sector with the National Shipping Company of Saudi Arabia (Bahri). The signing ceremony of the MOU was attended by Chung Ki-sun, Executive Vice President of Corporate Planning Office of HHI, An Kwang-hean, CEO of Hyundai Global Service, and Ali Al Harbi, CEO of Bahri. Under the MOU, the two companies will jointly develop smart ship solutions and apply them to ships operated by Bahri that currently operates 37 VLCC. Smart ship technology is a system that helps ships’ efficient operation by using information and communication technology (ICT) and big data. HHI developed the smart ship technology in 2011 for the fir...

Daewoo Shipbuilding wins LNG carrier-related patent suit in Japan

 Daewoo Shipbuilding & Marine Engineering Co.,(DSME) a major shipyard here, said Monday that it has won its patent suit in Japan which is related to its core technology in building its fuel-efficient LNG carrier. The shipyard said that a filing by a Japanese firm with the Japanese Patent Office (JPO) to nullify the South Korean shipyard’s patent for the so-called Partial Re-liquefaction System (PRS) was dismissed.  Daewoo Shipbuilding registered the patent for the PRS technology in Japan in June 2016. The same technology was also registered as Daewoo Shipbuilding’s patent in 10 countries such as the U.S., China and India. The shipyard’s PRS is a core technology for LNG-fueled ships as it is able to increase fuel efficiency and thus reduce emissions. The system utilize...

DSME bags order to build up to 10 VLCCs for Hyundai Merchant Marine

South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) bagged an order to build five 300,000-ton very large crude carriers (VLCCs) for Hyundai Merchant Marine Co. with an option of five more vessels. DSME said Sunday it recently signed a letter of intent (LoI) with Hyundai Merchant Marine. Under the terms, it will construct five VLCCs first and may construct up to five more upon additional request. Final agreement will be concluded by the end of July. Although the two companies are still in talks over the financial terms, given current market conditions a VLCC would likely cost $80 million. DSME will be paid more than that per each carrier. If it ends up building 10 carriers for Hyundai Merchant Marine, it would land on a whopping 900 billion won ($792.3 million) in total. T...

DSME and DNV GL Unveil New LNG Carrier Design

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) and the international classification society DNV GL have presented the results of a joint development project (JDP) for the design of a liquefied natural gas (LNG) carrier based on today’s technology. The project focused on delivering a design which an owner can take straight to the yard and is ready for upcoming market trends and incoming regulations, with an optimal size, hull form, and machinery and electrical systems, according to DNV GL. “When we look at today’s LNG market we predict that in the years to come we will see the rise of post-Panamax LNG carrier designs which are dimensioned to fit of the new Panama Canal. Capacities of over 175,000 m3 are feasible given the new restrictions,” said Johan Petter Tutturen, DNV...

Petronas FLNG Satu Loads First Cargo

The Petronas Floating Liquefied Natural Gas (PFLNG) Satu, the Malaysian oil and gas company’s first FLNG facility, loaded its first cargo at the Kanowit gas field, offshore Miri, Sarawak on April 1. The first cargo was fully loaded onto the LNG carrier Seri Camellia which is expected to set sail for a South Asian market. “This accomplishment effectively demonstrates PETRONAS’ proven technology and capability of adapting a conventionally land-based installation to a floating LNG facility, a game-changer in today’s LNG business landscape,” said Petronas President and Group Chief Executive Officer, Datuk Wan Zulkiflee Wan Ariffin. Manned by 145 crew onboard, PFLNG Satu is designed for water-depths of between 70 metres and 200 metres and possesses a processing capacity of 1.2 million tonnes pe...

Daewoo Shipbuilding Wins $250M Deal for 3 VLCCs

Daewoo Shipbuilding & Marine Engineering (DSME) has clinched a US$250 million deal with a Greece-based shipper to build three very large crude carriers (VLCCs). Under the agreement with Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Shipping Group, DSME will deliver three 318,000-ton VLCCs to the Greek company by 2018. Angelicoussis is one of the major clients for DSME. The Greece-based company has ordered 92 ships from DSME since 1994. Last year, DSME clinched orders for two liquefied natural gas vessels and two VLCCs in June, followed by a floating storage regasification unit (LNG-FSRU) order worth a 700 billion won in December. The latest deal came while the cash-strapped Korean shipbuilder, whose fate hangs on a meeting of its creditors on April 17...

Hyundai Heavy Industries Installs Regasification System Using Glycol at Newbuilding LNG FSRU

Hyundai Heavy Industries (HHI) announced today it held a demonstration ceremony for the installation of LNG regasification system using glycol at a 170,000 cbm LNG FSRU with the attendance of shipowers from home and abroad and major classification societies at its Ulsan shipyard. Since the glycol regasification process is free from saltiness unlike a system that uses seawater, it can minimize corrosion in major equipment including heat exchangers, and it can also lower the risk of explosion that a system using propane may be exposed to. Regasification is a process of converting cooled natural gas back to natural gas at atmospheric temperature. Regasification system is a key facility for an LNG FSRU (floating storage regasification unit) that receives liquefied natural gas from offloading L...

Korea, China and Japan to Go Ahead with Formation of LNG Buyer Alliance

Korea, China, and Japan, which import half of all LNG in the world, will launch an LNG buyers’ club. KOGAS of Korea, CNOOC of China and JERA of Japan recently signed an MOU on LNG business cooperation. “Korean, Chinese and Japanese firms with big buying power will build partnership to enhance their negotiation power in purchasing LNG,” said an official of KOGAS. “We understand that the Korean government is having discussions on this matter.” A government official said, “If the three countries take the first step towards cooperation, the Korean government will also try to persuade China, which has relatively weak cooperative relations with Korea.” Korea, China and Japan import 55.54% of total LNG in the world. But the absence of this cooperation has weakened th...

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