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Tankers

GTT Receives Tank Design Order from HSHI

GTT has received an order from Hyundai Samho Heavy Industries (HSHI) for the tank design of a Liquefied Natural Gas Carrier (LNGC) on behalf of the Japanese ship-owner Nippon Yusen Kaisha (NYK).GTT’s Mark III Flex membrane containment system has been selected to equip the LNGC, offering a capacity of 174,000 m3.

QP Launches Tender for 100+ LNG Carriers

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of Qatar Petroleum. Photo: QP

Middle East natural gas giant Qatar Petroleum (QP) issued an invitation to tender for the reservation of ship construction capacity required for a fleet of over 100 liquefied natural gas (LNG) carriers.The world’s largest LNG producer said in a statement that the vessels will serve QP’s

Nakilat Reports 9% Profit Jump in Q1

Pic: Qatar Gas Transport Company (Nakilat)

Qatar Gas Transport Company (Nakilat), a shipping and maritime company with the world's largest LNG shipping fleet, reported a 9 percent increase in profit for the first quarter of this year ended March 31, 2019.Nakilat reported a net profit of 236 million Qatari Riyals ($64.8 million) which compares

LNG-Ship Orders to Dominate Newbuilds in 2025

Pic: Samsung Heavy industries.

About 60.3 percent of the world’s ship orders are projected to be for liquefied natural gas (LNG)-fueled vessels by 2025."Ships powered by LNG are expected to account for six out of 10 new vessel orders in six years due to toughened environmental standards," said a report in Pulse News.

Naming Ceremony for Cameron Project LNG Carrier

Photo: NYK Group

On April 19, a naming ceremony was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries Ltd. for a new liquefied natural gas (LNG) carrier owned by a joint company established by NYK, the Mitsubishi Corporation (MC), Toho LNG Shipping Co. Ltd. (Toho LNG Shipping),* and Tohoku Electric Power Co.

Vessel Orders Hits Lowest in 15 Years

Image: South China Shipyard

The global newbuilding orderbook for vessels has shrunk to the lowest level in 15 years as vessel owners struggle with excess capacity.According to to data from Clarksons Research, there were 3,200 vessels of a combined 81 million gross tons ordered globally in the first quarter of 2019, which is the lowest figure since 2004.

AET Tankers Conduct Maiden LNG Bunkering

Pic: AET Tankers Pte Ltd

First dual-fuel sister Aframaxes owned by AET, a unit of the Malaysian shipping giant MISC, have completed their maiden ship-to-ship (STS) LNG bunkering.The petroleum and chemical tanker owner announced in a press release that Eagle Brasilia and Eagle Bintulu have successfully completed their STS LNG bunkering at the Port of Rotterdam (POR).

MOL Buys Reliance Ethane Carrier Fleet

Image: MOL

Japanese shipping giant Mitsui OSK Lines (MOL) will buy Reliance Industries (RIL) stakes in Singapore-based Reliance Ethane Holding (REHPL) which has a fleet of six very large ethane carriers (VLECs).RIL has 100% holding in six limited liability companies (LLCs) which own the VLECs. "MOL and a

Tristar Orders Six Tankers at Hyundai Mipo

Photo: Tristar Group

The Dubai-based Tristar Group announced that it has signed firm contracts for six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical Tankers with South Korea shipbuilder, Hyundai Mipo Dockyard.The vessels will be delivered between the middle of May 2020 till the first week of January 2021, said a

Navios Maritime Discloses Sale, Leaseback Deals

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers. The proceeds have been used to refinance $82.4 million of bank debt.The Transaction provides for 28 quarterly payments of $2.

Mitsui OSK Lines Adds Six VLECs to Fleet

Japan's Mitsui OSK Lines Ltd. will add six very large ethane carriers (VLECs) to its fleet through an investment deal with Reliance Industries Ltd, the Indian conglomerate said on Wednesday.Mitsui OSK, which has a fleet of more than 850 vessels, and a minority investor signed an agreement to buy

GTT LNG Tank Ordered for Hapag-Lloyd Retrofit

Image: Hapag-Lloyd

French LNG containment specialist GTT has been notified by the Chinese shipyard Hudong-Zhonghua Shipbuilding for the design of the LNG Fuel tank as part of the retrofit of Hapag Lloyd MV Sajir container ship.Sajir is an ultra large container vessel with a capacity of 15,000 TEU, being built on behalf of the ship-owner Hapag-Lloyd.

GTT's Vessel Order Book Hit Record

Pic: GTT

French technology company Gaztransport & Technigaz (GTT) announced that with 14 orders for LNG carriers booked in the first quarter of 2019, its main business activity is at an all-time high."The LNG carriers will all be equipped with recent GTT technologies (Mark III Flex+, Mark III Flex and NO96 GW).

U.S. Sanctions Firms, Ships for PDVSA Cargoes

The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said carried oil to Cuba.The U.S. Treasury identified the firms as Liberia-based Jennifer Navigation Ltd,

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