LNG tanker risk

Dec 2, 2000
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From The Hellenic Shipping News:

New alternative to LNG carrier concept set for construction
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Dubai is likely to be the setting of the first-ever conversions of crude oil tankers to compressed gas liquid carriers (CGLCs). These will be for Houston-based SeaOne Maritime Corp, which has developed proprietary new technology for the gas processing and cargo containment systems. The conversions are on a fast-track schedule of 24 months and are being classed by ABS.
Full story at http://www.hellenicshippingnews.com/index.php?mod=article&cat=nwsinternational&article=9445
 
Dec 2, 2000
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From The Hellenic Shipping News:

Japan Boosts LNG Imports Ninefold on Nuclear Shutdown
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Japan, the world's biggest liquefied natural gas buyer, increased imports of the fuel from the Atlantic Ocean area ninefold in January after a nuclear power plant was shut last year for safety checks.
The nation purchased 581,072 metric tons from countries led by Equatorial Guinea, Egypt, Nigeria and Algeria, according to statistics posted on the Ministry of Finance's Web site today.
Story at http://www.hellenicshippingnews.com/index.php?mod=article&cat=Energynews&article=9848
 
Dec 2, 2000
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From The Middle East Steel News:

Daewoo Shipbuilding of S. Korea readying 26 LNG carriers by 2010
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South Korea’s Daewoo Shipbuilding & Marine Engineering Company (DSME) is now building some 26 LNG ships for Qatar.


These include ships in both the Q-Max and Q-Flex categories, the largest LNG vessels currently in operation.


DSME president & CEO ST Nam told Gulf Times at DSME’s Okpo Shipyard at South Korea’s Geoje-Island recently these ships would be delivered to Qatar by 2009 or 2010.
Full story at http://steelmillsoftheworld.com/news/newsdisplay_moreover.asp?slno=10317
 
Dec 2, 2000
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From The Hellenic Shipping News:

Qatar shipper aims to be largest LNG transporter
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Qatar Gas Transport expects to add more ships and become the operator of world's biggest liquefied natural gas fleet by 2010 in a move that could drive down rates for shipping the fuel.
The company, known as Nakilat, will receive 45 of the world's largest LNG tankers from South Korean shipyards, Managing Director Muhammad Ghannam said in an interview in Bangkok Thursday. Kuala Lumpur-based MISC Bhd., currently the world's biggest LNG shipper, may add three tankers by 2009 to expand its fleet to 29, the company said on its Web site.
Full story at http://www.hellenicshippingnews.com/index.php?mod=article&cat=nwsinternational&article=10651
 
Dec 2, 2000
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From The Hellenic Shipping News:

U.S., Europe LNG demand to surpass Asia by 2015-Exxon
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Demand for liquefied natural gas in America and Europe will surpass Asian consumption by as early as 2015, while global LNG demand is set to triple between now and 2030, U.S. oil major ExxonMobil Corp said on Tuesday. Exxon said overall energy demand was expected to grow at 1.3 percent per year and gas consumption was expected to account for about a quarter of global energy consumption by 2030, up from about 20 percent now.
Full story at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=3844&Itemid=79
 
Dec 2, 2000
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From The Hellenic Shipping News:

Class Societies ABS and RS Jointly Develop Rules for Arctic Gas Carriers
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ABS and the Russian Maritime Register of Shipping (RS) are to jointly develop of classification Rules for Arctic Liquefied Natural Gas Carriers under a wide ranging cooperative agreement between the two IACS members. The announcement was made during the 4th Annual Arctic Shipping 2008 International Conference & Seminar in St. Petersburg, Russia. This is the first pairing of societies to create Rules for the liquefied natural gas (LNG) market sector.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=4088&Itemid=79
 
Dec 2, 2000
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From Marine Norway.com:

Russia, USA agree about Arctic LNG
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The Russian Maritime Register of Shipping and the US Bureau of Shipping are to elaborate regulations for the shipping of the Liquified Natural Gas in the Arctic. The agreement comes as the Shtokman Development Company is proceeding with the development plans for the huge Shtokman field in the Barents Sea, BarentsObserver writes.
More at http://marinenorway.etp.no/sider/tekst.asp?side=3047
 
Dec 2, 2000
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From The Hellenic Shipping News:

Shell Signs Agreement With AMO Union to Add U.S. Officers to Shell's International LNG Fleet
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Shell Ship Management Limited (Shell) and the American Maritime Officers (AMO) union today signed a Memorandum of Understanding (MOU) formalizing the addition of U.S. seafarers to Shell's officer cadre. A signing ceremony at the Department of Transportation's Maritime Administration (MARAD) marked this significant development in Shell's ongoing recruitment drive.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=5755&Itemid=31
 
Dec 2, 2000
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From The Shipping Times:

First Polish-built LNG carrier launched
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The hull of the first Polish built LNG carrier was launched on May 7, 2008, at Gdansk based Stocznia Polnocna SA (Northern Shipyard), member of REMONTOWA Group.

The ship was ordered from Remontowa SA in 2006 by Dutch operator, Rotterdam-based Anthony Veder Rederijzaken BV and is being built at REMONTOWA Group's shipyard Stocznia Polnocna SA.
Full story at http://www.shippingtimes.co.uk/item_10030.html
 
Dec 2, 2000
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From MSNBC:

Expert: Giant LNG tankers pose slightly larger fire hazard
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Since the government reported last year that liquefied natural gas spilled from a tanker could ignite a fire intense enough to burn people a mile away, researchers have tried to determine how much more devastating the damage might be from new ships that are twice as large.
For the rest, see http://www.msnbc.msn.com/id/24545963/

Comment: Not that I'd want to be anywhere near one of these beasts if she went BOOM, but it's not quite as bad as you might think.
 
Dec 2, 2000
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From The Hellenic Shipping News:

Skaugen in sale and lease back deal with Teekay LNG on newbuildings
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I.M. Skaugen Group (IMSK) has entered into an agreement to sell two of our unique Multigas Carriers of 12,000 cbm size. The ships are currently under construction with Skaugen Marine Construction (SMC) in China and are expected to be delivered in the first and second quarter of 2010.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=7019&Itemid=79
 
Dec 2, 2000
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From The Shipping Times:

BG Group orders further two LNG Carriers
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BG Group plc today announced that it has signed an agreement with Samsung Heavy Industries Co. Limited of South Korea for the delivery of two new-build dual-fuel diesel electric (DFDE) LNG ships. The new ships will each have a cargo capacity of 170,000 cubic metres (m3) and are scheduled to be delivered in 2010.
More at http://www.shippingtimes.co.uk/item_10047.html
 
Dec 2, 2000
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Dec 2, 2000
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Dec 2, 2000
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From The Hellenic Shipping News:

French group to build LNG terminal in Dunkirk
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The port of Dunkirk in northern France on Friday gave EDF the green light to build one of Europe's biggest liquefied natural gas terminals, set to handle six billion cubic metres of gas annually from 2012. 'The board of the port of Dunkirk has selected the candidacy of EDF,' the Dunkirk port authority said in a statement.
For the rest, see http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=9519&Itemid=79
 
Dec 2, 2000
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From The Hellenic Shipping News:

Icebreaker LNG carriers for Arctic Alaska gas an interesting but challenging concept
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An April announcement by the American Bureau of Shipping about a joint initiative between the bureau and the Russian Marine Register of Shipping to jointly develop classification rules for Arctic LNG carriers raises an interesting question. Could emerging technologies for icebreaking LNG carriers provide an alternative to a pipeline for exporting gas from Arctic Alaska? In November Petroleum News reported on a revolutionary new icebreaker design, known as a double-acting system, in which a vessel carves its way in reverse through pack ice, propelled by diesel-electric powered propellers mounted on rotatable pods under the stern. The propellers break up the ice, thus enabling the ship to move through the ice more efficiently astern than forward. In open water the stern pods rotate 180 degrees to drive the boat forward in a conventional manner.
For the rest, see http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=9837&Itemid=79
 
Dec 2, 2000
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From The Hellenic Shipping News:

LNG May Become More Expensive Than Crude Oil, Bernstein Says
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Liquefied natural gas may become more expensive than crude oil as demand from Asia and Europe rises faster than supply, Sanford C. Bernstein & Co. said. "It's clear that LNG prices overall are set to rise towards parity with the oil price,'' Bernstein analysts led by Neil McMahon said in a report yesterday.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=10284&Itemid=79
 

Grant Carman

Member
Jun 19, 2006
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Michael.

Re: Your June 16th posting. It's all well and good for the US and Russia to talk about shipping routes from Alaska and Russia for LNG tankers, but if the US thinks they can use Canadian waters, without consulting Canadians, they might find themselves losing more than they gain. Our government has made it clear, that to retain it's Arctic Sovereignty, oil and natural gas exports can, and will be reduced if need be.