In this issue

 

The LNGC ‘Sevilla Knutsen’ was believed to have struck a submerged object during a voyage from Japan to Australia on 17th April, initial reports said. 

Thursday, 27 April 2017

El Ferrol’s Mugardos liquefied natural gas terminal has received its largest LNGC to date. 

Thursday, 27 April 2017

Excess LNGC supply will reduce only gradually going forward with rate recovery pushed back to the latter part of next year, according to the latest edition of the ‘LNG Forecaster’, published by shipping consultancy Drewry. 

Two juries have selected four candidates for each of the short lists for the Nor-Shipping 2017 Energy Efficiency and Next Generation Awards. 

Indian energy concern, H-Energy Gateway Private, is to charter the FSRU ‘GDF SUEZ Cape Ann’ from ENGIE initially for five years. 

Thursday, 27 April 2017

At a meeting in Manila on 18th April, Ventis and OSM signed a joint venture agreement to provide Filipino crew to “K” Line’s LNGC fleet. 

Bangladesh state-owned Petrobangla has signed a contract with Summit LNG Terminal, a subsidiary of the Summit Group, to development Bangladesh’s second floating LNG terminal. 

Thursday, 27 April 2017

Qatar Gas Transport Company (Nakilat) suffered a 20.4% drop in earnings in the first quarter of 2017. 

Thursday, 27 April 2017

GTT (Gaztransport & Technigaz) reported revenues of almost €57 mill for the first quarter of this year, compared with €58.6 mill in 1Q16, a drop of nearly 3%. 

Thursday, 27 April 2017

At MISC Berhad’s recent AGM, the company said that last year the LNG segment contributed to two thirds of the group’s profits, followed by 20% from offshore business and the remaining from tanker operator - AET. 

Evoqua Water Technologies (EWT) patented Chloropac marine growth prevention system (MGPS) is favoured by several LNGC/FSRU operators. 

Liebherr´s ship crane department has started to equip the 15 Arc7 LNGCs building at Daewoo for the Yamal LNG project. 

Subject of a takeover attempt from PPG, AkzoNobel reached a landmark recently with the 1,000th application of Intersleek 1100SR, the biocide-free fouling control coating, part of the patented International range. 

Last year, global LNG trade reached a record 258 mill tonnes – an increase of 5% from 2015 - according to the International Gas Union’s (IGU) 2017 World LNG report. 

News Nudges

Exmar abandons FSRU sales

Exmar has abandoned plans for the sale of its FSRU assets to Vopak. As previously stated, the finalisation of the deal was subject to consent and co-operation of multiple stakeholders. The companies said that after careful consideration, they have concluded that these requirements will not be met for the envisaged transaction. Therefore, the closing of the FRSU transaction between Vopak and Exmar will no longer be pursued.


New training courses announced

Poten & Partners has released dates for its next series of LNG training courses. The courses are a by-product of the last 10 years internally designed and tested LNG boot camp used to enhance the calibre of its own employees, Poten & Partners explained. The dates and areas covered are - • LNG Trading - Singapore 25th-26th May • LNG FSRU Developments - Houston 12th-14th June • LNG Charter Party - Houston 28th-29th June • Tools for Effective Participation in LNG Joint Ventures - Fremantle 24th-25th August.


Baltic Exchange outlines plans for LNG index

The Baltic Exchange, recently purchased by Singapore’s SGX, is investigating the setting up of a freight LNG index. This will support SGX’s spot LNG pricing and Singapore’s emergence as a regional natural gas market hub. Newly appointed Baltic Exchange CEO Mark Jackson announced the move this week when setting out the Exchange’s vision of the near-future in a speech in Singapore, during the MPA Singapore Maritime and Singapore Iron Ore Weeks.


‘Ougarta’ delivered

Hyproc’s latest LNGC ‘Ougarta’ was delivered in February. The Algerian flag 170,000 cu m TFDE vessel was delivered from Hyundai and has arrived in Algeria to load her first cargo.