LNG tanker risk

Dec 2, 2000
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From The Hellenic Shipping News:

Naming Ceremony Held for Two Vessels Set to Ship LNG from Angola
quote:

On August 17, a naming ceremony was held at the Geoje Island shipyard of Samsung Heavy Industries , Ltd.(Samsung) in Korea for two LNG vessels being built for joint owners NYK LNG (Atlantic) Ltd.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43130:naming-ceremony-held-for-two-vessels-set-to-ship-lng-from-angol a-&catid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
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From The Hellenic Shipping News:

Malaysia imports LNG in struggle to eliminate subsidies
quote:

Malaysia, one of the world’s top liquefied natural gas exporters, is making plans to import LNG to meet its growing domestic needs as it struggles to push through gas pricing reform and brace for its own declining gas production.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44901:malaysia-imports-lng-in-struggle-to-eliminate-subsidies&catid=4 4:latest-news&Itemid=64
 
Dec 2, 2000
58,582
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Dec 2, 2000
58,582
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Easley South Carolina
From The Hellenic Shipping News:

LNG Tanker Rents Top $100,000 on Ship Shortage, Fearnleys Says
quote:

The cost of hiring liquefied natural gas carriers on year-long charters exceeded $100,000 a day for the first time since 2006 as a shortage of vessels drove up the cost of transporting the fuel, shipbroker Fearnleys AS said.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=45909:lng-tanker-rents-top-100000-on-ship-shortage-fearnleys-says-&ca tid=1&Itemid=61
 
Dec 2, 2000
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Easley South Carolina
From The Hellenic Shipping News:

South Korea: Samsung Heavy Develops Cargo Hold for LNG Tankers
quote:

Samsung Heavy Industries has successfully developed the industry’s first membrane-type cargo hold for LNG tankers. With this, the company has finally tackled the last unsolved development initiative for the Korean shipbuilding industry, which was the cargo hold manufacturing technology for LNG tankers, completing a self-reliant Korean shipbuilding ecosystem.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=46081:south-korea-samsung-heavy-develops-cargo-hold-for-lng-tankers-& catid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Teekay Profits Booming on LNG Shipping Demand From Japan
quote:

In a year when commodity carriers, oil tankers and container ships have lost money on the biggest trade routes, owners of vessels hauling liquefied natural gas are poised for the best rates ever.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=47988:teekay-profits-booming-on-lng-shipping-demand-from-japan-&catid =44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
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283
Easley South Carolina
From The Hellenic Shipping News:

Owners of LNG vessels enjoy profit boom on shipping demand
quote:

In a year when commodity carriers, oil tankers and container ships have lost money on the biggest trade routes, owners of vessels hauling liquefied natural gas are poised for the best rates ever.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=48429:eek:wners-of-lng-vessels-enjoy-profit-boom-on-shipping-demand-&cat id=44:latest-news&Itemid=64
 
Dec 2, 2000
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From The Hellenic Shipping News:

LNG ships set for delivery over 2014-2015 face uncertainty: consultancy
quote:

Energy research consultancy Wood Mackenzie warned about the possibility of a declining freight market with limited employment opportunities for new LNG vessels despite positive near-term prospects of the shipping market as reflected by the higher charter rates and increased ship orders.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=48827:lng-ships-set-for-delivery-over-2014-2015-face-uncertainty-cons ultancy&catid=1&Itemid=61
 
Dec 2, 2000
58,582
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Easley South Carolina
From The Hellenic Shipping News:

Bright Spot in Shipping: LNG Carriers
quote:

Day rates for shippers of container, crude oil, and dry bulk cargoes have been hit hard this year as an over-supply of vessels and general concerns about the weak global economies have lowered demand for ships. One area where day rates are rising, however, is in transporting liquefied natural gas (LNG).
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=49483:bright-spot-in-shipping-lng-carriers-&catid=44:latest-news&Item id=64
 
Dec 2, 2000
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From The Hellenic Shipping News:

Sovcomflot Says Gazprom’s Shtokman Needs $4 Billion Fleet
quote:

The OAO Gazprom-led Shtokman project to produce liquefied natural gas, or LNG, from a Barents Sea field almost 600 kilometers (370 miles) from shore may require a $4 billion fleet to transport the fuel.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=49716:sovcomflot-says-gazproms-shtokman-needs-4-billion-fleet-&catid= 44:latest-news&Itemid=64
 
Dec 2, 2000
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Easley South Carolina
From The Hellenic Shipping News:

Australia to overtake Qatar as top LNG supplier
quote:

Australia may overtake Qatar as the world's biggest producer of liquefied natural gas (LNG) by 2020 as seven vast production plants dotted along its coastline plan to start operating later in the decade, Total's head of LNG Guy Broggi and other experts said at a conference in London this week.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=49977:australia-to-overtake-qatar-as-top-lng-supplier-&catid=30:eek:il-c ompanies-news&Itemid=225
 
Dec 2, 2000
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From The Hellenic Shipping News:

Growing LNG demand East of Suez to draw cargoes from Atlantic, US: sources
quote:

A significant flow of LNG shipments to the East of Suez is expected in the short-term, attracting cargo diversions from the Atlantic Basin and US, as demand spiked following the March 11 Fukushima earthquake, according to sources at an industry event in Singapore.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=51069:growing-lng-demand-east-of-suez-to-draw-cargoes-from-atlantic-u s-sources-&catid=1&Itemid=61
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Growing LNG demand East of Suez to draw cargoes from Atlantic, US: sources
quote:

A significant flow of LNG shipments to the East of Suez is expected in the short-term, attracting cargo diversions from the Atlantic Basin and US, as demand spiked following the March 11 Fukushima earthquake, according to sources at an industry event in Singapore.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=51069:growing-lng-demand-east-of-suez-to-draw-cargoes-from-atlantic-u s-sources-&catid=1:top-stories&Itemid=61
 
Dec 2, 2000
58,582
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283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Teekay LNG Partners and Marubeni Joint Venture to Acquire Ownership Interest in Eight LNG Carriers From A.P. Moller-Maersk A/S
quote:

Teekay LNG Partners L.P. yesterday announced that its joint venture (the Joint Venture) with Marubeni Corporation (Marubeni) has agreed to acquire ownership interests in eight liquefied natural gas (LNG) carriers from Denmark-based global conglomerate, A.P. Moller-Maersk A/S, for an aggregate purchase price of approximately $1.402 billion.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=52064:teekay-lng-partners-and-marubeni-joint-venture-to-acquire-owner ship-interest-in-eight-lng-carriers-from-ap-moller-maersk-as-&catid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
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283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Gas Beating Oil in Shipping as Users Expand Stockpiles
quote:

Record liquefied-petroleum-gas shipments are eroding a glut of the tankers hauling the fuel used in stoves, cars and lighters, driving charter rates to the highest ever at a time when most other ships are losing money.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=53145:gas-beating-oil-in-shipping-as-users-expand-stockpiles-&catid=4 4:latest-news&Itemid=64

Comment: it looks like gas is where it's at in the tanker market, if you don't want to lose your shirt!
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Green Award certifies first LNG carrier chartered by Qatargas
quote:

On 14th October 2011, the Green Award Foundation marked the occasion, for the first time in its 18 year history, it has a Liquefied Natural Gas (LNG) carrier on its list of certified ships.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=53369:green-award-certifies-first-lng-carrier-chartered-by-qatargas-& catid=44:latest-news&Itemid=64